Form 4: Kelly Services Director Adolph S. Adolph Reports Acquisition of Class A Common Stock

Director Adolph S. Adolph reports acquiring Class A Common Stock through deferred compensation plans.

Summary

• On May 9, 2024, Adolph S. Adolph, a director of Kelly Services Inc., reported the acquisition of Class A Common Stock.
• The shares were acquired through the Kelly Services, Inc. Non-Employee Directors Deferred Compensation Plan.
• 6,812 shares were deferred pursuant to the plan.
• 5,222 shares were acquired as a cash portion of retainer deferred into Class A Common Stock.
• The price for both acquisitions was $22.02 per share.
• Following the reported transactions, Mr. Adolph beneficially owns 50,344.466 shares and 55,566.466 shares indirectly through the Issuer's Non-Employee Directors Deferred Compensation Plan.
• These totals include shares acquired pursuant to a dividend reinvestment feature of the plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction related to director compensation.

Positives

• The director's participation in the deferred compensation plan demonstrates confidence in the company's future.

Industry Context

Directors commonly use deferred compensation plans as part of their overall compensation strategy, aligning their interests with the long-term performance of the company.

Stakeholder Impact

• The director's increased stake in the company could be viewed positively by shareholders.

Key Dates