Form 4: ManpowerGroup CFO Receives Restricted Stock Units in Lieu of Dividends

John T. McGinnis, EVP and CFO of ManpowerGroup Inc., received restricted stock units in lieu of dividends paid in 2024.

Summary

• John T. McGinnis, the EVP and CFO of ManpowerGroup Inc., received restricted stock units on December 31, 2024.
• These units were granted in lieu of dividends paid in 2024, with an average price of $69.67 per share.
• The restricted stock units vest 100% on various dates in February 2025, 2026 and 2027 and will be settled in shares of ManpowerGroup common stock on a 1 for 1 basis upon vesting.
• McGinnis now beneficially owns 12,261, 14,738, 25,544 and 17,812 restricted stock units respectively.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of restricted stock units is a common practice and aligns management's interests with shareholders. There are no immediate negative implications.

Positives

• The receipt of restricted stock units in lieu of dividends suggests a reinvestment in the company's equity.

Future Outlook

The restricted stock units will vest on various dates in February 2025, 2026 and 2027 and will be settled in shares of ManpowerGroup common stock on a 1 for 1 basis upon vesting.

Industry Context

Granting restricted stock units is a common practice in publicly traded companies to align the interests of executives with those of shareholders.

Comparison to Industry Standards

• Many companies in the staffing and recruiting industry, such as Robert Half International and Adecco, use restricted stock units as part of their executive compensation packages.
• The vesting schedules and amounts granted are generally in line with industry practices for companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the granting of restricted stock units positively as it aligns management's interests with the company's long-term performance.

Key Dates