Company: KELYB
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001193125-25-174959
Chunk: 1

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 8-K
Item: Item 5.02
Chunk 1
---
 of the Company’s Board of Directors. The target award opportunity is 250% of annual salary, with earned performance shares ranging from 0% to 200% of the target award based upon the achievement of LTIP goals.

Mr. Layden will receive a one-timecash sign-onbonus of $450,000 upon beginning his active employment with the Company. The payment will be subject to recovery by the Company if Mr. Layden voluntarily terminates his employment with the Company without good reason or his employment is terminated by the Company for cause (as defined in the Offer Letter) within two years after his initial employment date.

Upon beginning his active employment with the Company, Mr. Layden will be granted shares of restricted stock valued at $4,000,000 in accordance with the terms of the Company’s Equity Incentive Plan (the“ Sign-OnAward”). The number of restricted shares will be determined based on the closing price of the Company’s Class A common stock as of the grant date. TheSign-OnAward will vest over a three-year period, with 15% of the shares vesting on the first anniversary of the grant date, 35% vesting on the second anniversary, and 50% vesting on the third anniversary, subject to immediate vesting in full in the event Mr. Layden’s employment is terminated by the Company other than for cause or he resigns other than for good reason.