Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 52

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 52
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ed Funding 
 60.3%            |

Nicola M. Soares Ms. Soares’ STIP opportunity was based 50% on the corporate measures and 50% on the business unit measure for which she was accountable. Performance results for each of Ms. Soares’ measures are as follows:

|                                       |     |           |     | 2024 Performance Goals |     |        |     |         |     |             |     |               |                  |
| Corporate Component and Business Unit 
 Performance Measures                  |     | Weighting |     |              Threshold 
                  (50%) |     | Target 
 (100%) |     | Maximum 
  (200%) |     |        2024 
 Performance |     | Funding       
 (% of Target) |                  |
| Corporate EBITDA ($)                  |     | 50%       |     |                 $128.0 |     | $160.0 |     |  $200.0 |     |      $133.7 |     |               | 58.9%            |
| Business Unit Gross Profit ($)        |     | 25%       |     |                 $113.6 |     | $142.0 |     |  $177.5 |     |      $141.2 |     |               | 98.5%            |
| Business Unit EBITDA ($)              |     | 25%       |     |                  $34.7 |     |  $43.3 |     |   $54.2 |     |       $45.3 |     |               | 117.2%           |
| $ in millions                         |     | 100%      |     |                        |     |        |     |         |     |             |     |               | Weighted Funding 
 83.4%            |

Under the terms of the STIP, the Committee retains the right in its discretion to adjust a STIP award based on Company, business unit, or individual performance. The Committee has no discretion to increase a STIP award for named executive officers, outside of the aforementioned parameters. STIP awards made in 2024 to named executive officers are subject to the Company’s Clawback Policy.

| 54 |

Compensation Discussion and Analysis Based on funding of awards based on the financial performance results, as detailed above, and consideration of individual performance results, at its February 11, 2025 meeting, the Committee reviewed and approved payments to the named executive officers in accordance with the ST