Kelly Services CEO Christopher D. Layden Withholds 15,998 Shares for Taxes

What Happened

• Christopher D. Layden, President and CEO of Kelly Services (KELYA), had 15,998 shares withheld by the issuer on 2026-09-15 to satisfy tax withholding related to vested restricted stock. The shares are recorded at $16.45 each, totaling approximately $263,167. This was a company withholding (tax payment), not an open-market sale.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-16 (timely).
• Price used: $16.45 per share; total value: $263,167 reported as disposed.
• Shares involved: 15,998 shares withheld (transaction code F — tax withholding).
• Footnote: F1 — issuer withheld these shares to satisfy tax withholding obligations for previously reported restricted stock awards.
• Shares owned after transaction: not provided in the supplied filing details.

Context

• This is a routine tax-withholding action tied to the vesting of restricted stock awards (a non-discretionary corporate action), not a discretionary sale by the insider — it does not necessarily indicate a change in the insider’s market view.
• Transaction code F indicates shares were surrendered/withheld to cover taxes (common in "cashless" or net-settlement vesting), rather than sold on the open market.