Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-13

Kelly Services (KELYA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,207,696
Christopher Layden total, FY2025
43rd
CEO pay percentile vs peers
512:1
CEO-to-median pay ratio
99.95%
Say-on-pay support, latest vote
Companies that benchmark against KELYA
9 companies name KELYA as a compensation peer

Each company listed discloses KELYA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named KELYA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Layden$307,692$450,000$4,000,003$0$450,000$0$0$5,207,696
President and Chief Executive Officer
Peter Quigley884,13502,321,887000121,1313,327,152
Former President and Chief Executive Officer
Troy Anderson650,0000938,01900032,5001,620,519
Executive Vice President and Chief Financial Officer
Tammy Browning461,8690803,76500030,9451,296,579
Senior Vice President and Group President Enterprise Talent Management
Vanessa Williams518,1730625,3330005,7631,149,270
Executive Vice President General Counsel and Secretary
Nicola Soares418,7230295,838089,816021,285825,662
Senior Vice President and President Education

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Christopher Layden$5,207,696
Peter Quigley3,327,1524,128,4394,163,424−801,287
Troy Anderson1,620,5194,441,748−2,821,229
Tammy Browning1,296,579
Vanessa Williams1,149,2701,348,1301,225,784−198,860
Nicola Soares825,6621,125,229−299,567

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Troy AndersonRSU2025-02-1129,018$390,002
Troy AndersonPSU2025-02-1121,76443,52887,056548,018
Tammy BrowningRSU2025-02-119,397126,296
Tammy BrowningPSU2025-02-117,04814,09628,192177,469
Tammy BrowningRSU2025-08-1535,638500,001
Christopher LaydenRSU2025-09-15290,2764,000,003
Peter QuigleyPSU2025-02-1168,011136,022272,0441,712,517
Peter QuigleyRSU2025-02-1145,340609,370
Nicola SoaresRSU2025-02-119,152123,003
Nicola SoaresPSU2025-02-116,86413,72827,456172,836
Vanessa WilliamsRSU2025-02-1119,345259,997
Vanessa WilliamsPSU2025-02-1114,50929,01858,036365,337
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Troy Anderson$390,002$548,018$058.4%
Tammy Browning626,297177,469022.1%
Christopher Layden4,000,003000.0%
Peter Quigley609,3701,712,517073.8%
Nicola Soares123,003172,836058.4%
Vanessa Williams259,997365,337058.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher LaydenPSU290,276$2,499,276
Peter QuigleyPSU90,682780,772
Troy AndersonPSU86,122741,510
Peter QuigleyPSU73,547633,240
Peter QuigleyRSU69,658599,755
Peter QuigleyRSU61,988533,717
Tammy BrowningRSU47,555409,449
Troy AndersonRSU36,799316,839
Troy AndersonPSU29,020249,862
Peter QuigleyPSU27,034232,763
Vanessa WilliamsRSU24,533211,229
Vanessa WilliamsPSU19,346166,569
Tammy BrowningRSU17,438150,141
Nicola SoaresRSU17,119147,395
Vanessa WilliamsPSU5,70849,146
Vanessa WilliamsRSU14,994129,098
Vanessa WilliamsPSU12,711109,442
Nicola SoaresRSU11,60699,928
Tammy BrowningPSU9,39880,917
Tammy BrowningPSU9,23579,513
Nicola SoaresPSU9,15278,799
Nicola SoaresPSU8,42972,574
Peter QuigleyPSU5,30745,693
Tammy BrowningPSU2,89224,900
Nicola SoaresPSU2,77423,884
Vanessa WilliamsPSU1,19010,246
Tammy BrowningPSU7556,501
Nicola SoaresPSU7156,156
05

Incentive-plan design — the Compensation Discussion & Analysis

Kelly's executive compensation philosophy is to provide market-based pay opportunities with incentive payouts aligned with the achievement of the Company's overall short- and long-term business strategy, performance goals, and results. The design allocates total compensation to fixed and variable pay elements, with a majority of senior officer compensation being 'at risk' and based upon the achievement of corporate and business unit results, the Company's share price performance, and individual performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-073,052,69894147199.95%Passed
20252025-05-083,180,0231,0769999.96%Passed
20242024-05-093,156,04033,25047898.94%Passed
20232023-05-173,183,37844,5841,75198.57%Passed
20222022-05-183,152,86545,2751,34298.54%Passed
20212021-05-193,154,9471,09352999.95%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0799.95%a
20252025-05-0899.96%b
20242024-05-0998.94%c

a. Approved under the standard stated in the filing — “Abstentions will have the effect of negative votes concerning these proposals.”.

b. Approved under the standard stated in the filing — “Abstentions will have the effect of negative votes concerning these proposals.”.

c. Approved under the standard stated in the filing — “If you hold your shares in your own name and abstain from voting on this matter, your abstention will have the effect of a vote against this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)512 : 1
CEO total compensation
Median employee compensation$11,526
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Terrence B. LarkinIndependent$150,000$200,000$0$350,000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline$400,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$150,000
Equity awards (grant-date value)$200,000
All other compensation$0
Total cost of the board$350,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Kelly Services names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Kelly Services.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1ManpowerGroup Inc.2025Jonas Prising$1,300,000$10,893,619$0$967,909$13,268,466
2ASGN Inc.2025Theodore Hanson1,100,0007,787,11801,566,06610,475,672
3Robert Half International Inc.2025M. Keith Waddell500,0004,532,9480839,3306,073,178
4Kforce Inc.2025Joseph Liberatore925,0003,217,50401,029,0635,415,821
5Kelly Services2025Christopher Layden307,6924,000,0030450,0005,207,696
6Barrett Business Services, Inc.2025Gary Kramer887,2582,524,72301,359,2895,002,291
7AMN Healthcare Services, Inc.2025Theodore Wahl1,005,1082,475,457818,544330,8514,725,723
8TrueBlue, Inc.2025Taryn Owen950,0002,545,47901,118,6254,614,104
Heidrick & Struggles International, Inc.not in coverage universe
Insperity, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Kelly Servicesnot disclosedPSU 75 · Restricted Stock 25not disclosedPearl Meyer
AMN Healthcare Services, Inc.not disclosednot disclosedYes — relative Total Shareholder Return (TSR)Independent compensation consultant (name not specified in provided text)
ASGN Inc.not disclosedPSU 60 · RSU 40NoSemler Brossy
Barrett Business Services, Inc.164%not disclosedNoMercer
Heidrick & Struggles International, Inc.not disclosednot disclosednot disclosednot disclosed
Insperity, Inc.not disclosedPSU 65 · RSU 35not disclosedFrederic W. Cook & Co., Inc.
Kforce Inc.89%RSU 100Yes — Three-year TSR performance relative to Performance Peer GroupPay Governance LLC
ManpowerGroup Inc.46.5%PSU 60 · RSU 40Yes — relative Total Shareholder Return (rTSR)Mercer
Robert Half International Inc.59.1%PSU 100NoFrederic W. Cook & Co., Inc.
TrueBlue, Inc.79%RSU 50 · PSU 50NoMercer (US) LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Christopher LaydenDEF 14A2026-04-130001193125-26-152858Section “Summary Compensation Table 2025”. As printed: 5,207,696. Filing ↗machine: r3 · c44 · span 1287902–1287911
2Section 01, Peter QuigleyDEF 14A2026-04-130001193125-26-152858Section “Summary Compensation Table 2025”. As printed: 3,327,152. Filing ↗machine: r22 · c44 · span 1325182–1325191
3Section 01, Troy AndersonDEF 14A2026-04-130001193125-26-152858Section “Summary Compensation Table 2025”. As printed: 1,620,519. Filing ↗machine: r5 · c44 · span 1290958–1290967
4Section 01, Tammy BrowningDEF 14A2026-04-130001193125-26-152858Section “Summary Compensation Table 2025”. As printed: 1,296,579. Filing ↗machine: r9 · c44 · span 1301230–1301239
5Section 01, Vanessa WilliamsDEF 14A2026-04-130001193125-26-152858Section “Summary Compensation Table 2025”. As printed: 1,149,270. Filing ↗machine: r11 · c44 · span 1304288–1304297
6Section 01, Nicola SoaresDEF 14A2026-04-130001193125-26-152858Section “Summary Compensation Table 2025”. As printed: 825,662. Filing ↗machine: r16 · c44 · span 1314708–1314715
7Section 03, Troy Anderson RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1392660–1392667
8Section 03, Troy Anderson PSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1388175–1388182
9Section 03, Tammy Browning RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1401427–1401434
10Section 03, Tammy Browning PSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1398656–1398663
11Section 03, Tammy Browning RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1405384–1405391
12Section 03, Christopher Layden RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1382667–1382676
13Section 03, Peter Quigley PSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1434582–1434591
14Section 03, Peter Quigley RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1438541–1438548
15Section 03, Nicola Soares RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1426347–1426354
16Section 03, Nicola Soares PSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1421863–1421870
17Section 03, Vanessa Williams RSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1415868–1415875
18Section 03, Vanessa Williams PSUDEF 14A2026-04-130001193125-26-152858Section “Grants of Plan-Based Awards 2025” · grants of plan-based awards table. Filing ↗machine: span 1411383–1411390
19Section 07, pay ratioDEF 14A2026-04-130001193125-26-152858Section “CEO Pay Ratio”. As printed: 512 : 1. Filing ↗
20Section 08, Terrence B. LarkinDEF 14A2026-04-130001193125-26-152858Section “Director Compensation”. As printed: 350,000. Filing ↗machine: span 873419–873433
21Section 06, 2026 voteForm 8-K2026-05-130001193125-26-221663Item 5.07 · say-on-pay result. As reported: 99.95% (votes for as printed: 3,052,698). Filing ↗
22Section 06, 2025 voteForm 8-K2025-05-090001193125-25-116900Item 5.07 · say-on-pay result. As reported: 99.96% (votes for as printed: 3,180,023). Filing ↗
23Section 06, 2024 voteForm 8-K2024-05-140001193125-24-137799Item 5.07 · say-on-pay result. As reported: 98.94% (votes for as printed: 3,156,040). Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 150,000 + equity 200,000 + all other 0 = 350,000, summed across the director compensation table rows.machine: formula: Σ = 350,000
27ManpowerGroup Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-119922CEO total compensation as printed in ManpowerGroup Inc.'s own proxy. As printed: 13,268,466. Filing ↗machine: t214 · r4 · c28 · span 2695592–2695602
28ASGN Inc., Section 10b CEO totalDEF 14A2026-04-270000890564-26-000031CEO total compensation as printed in ASGN Inc.'s own proxy. As printed: 10,475,672. Filing ↗machine: t64 · r2 · c7 · span 641233–641243
29Robert Half International Inc., Section 10b CEO totalDEF 14A2026-04-100000315213-26-000010CEO total compensation as printed in Robert Half International Inc.'s own proxy. As printed: 6,073,178. Filing ↗machine: r4 · c21 · span 645431–645440
30Kforce Inc., Section 10b CEO totalDEF 14A2026-03-130000930420-26-000013CEO total compensation as printed in Kforce Inc.'s own proxy. As printed: 5,415,821. Filing ↗machine: t67 · r2 · c17 · span 598740–598749
31Kelly Services (subject), Section 10b CEO totalDEF 14A2026-04-130001193125-26-152858CEO total compensation as printed in Kelly Services's own proxy. As printed: 5,207,696. Filing ↗machine: r3 · c44 · span 1287902–1287911
32Barrett Business Services, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-163963CEO total compensation as printed in Barrett Business Services, Inc.'s own proxy. As printed: 5,002,291. Filing ↗machine: span 513664–513673
33AMN Healthcare Services, Inc., Section 10b CEO totalDEF 14A2026-04-150000731012-26-000021CEO total compensation as printed in AMN Healthcare Services, Inc.'s own proxy. As printed: 4,725,723. Filing ↗machine: r3 · c16 · span 1104226–1104235
34TrueBlue, Inc., Section 10b CEO totalDEF 14A2026-04-140001999371-26-008266CEO total compensation as printed in TrueBlue, Inc.'s own proxy. As printed: 4,614,104. Filing ↗machine: t383 · r2 · c24 · span 1124603–1124612
35Section 10a, TrueBlue, Inc. reciprocityDEF 14A0001999371-26-008266TrueBlue, Inc.'s most recent proxy was read; its disclosed peer group does not include Kelly Services. Filing ↗
36Section 10a, ManpowerGroup Inc. reciprocityDEF 14A0001193125-26-119922ManpowerGroup Inc. names Kelly Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Barrett Business Services, Inc. reciprocityDEF 14A0001193125-26-163963Barrett Business Services, Inc. names Kelly Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
38Section 10a, ASGN Inc. reciprocityDEF 14A0000890564-26-000031ASGN Inc. names Kelly Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Insperity, Inc. reciprocityDEF 14A0001000753-26-000043Insperity, Inc. names Kelly Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, AMN Healthcare Services, Inc. reciprocityDEF 14A0000731012-26-000021AMN Healthcare Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Kelly Services. Filing ↗
41Section 10a, Kforce Inc. reciprocityDEF 14A0000930420-26-000013Kforce Inc. names Kelly Services in its own disclosed peer group (read from its most recent proxy). Filing ↗