Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-03

ManpowerGroup (MAN)

CEO Jonas Prising was paid $13,268,466 in fiscal year 2025, ↑ up 2.5% from fiscal year 2024, the 99th percentile of its disclosed peer group (SEC filing 0001193125-26-119922 ↗): 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.

$13,268,466 ↑
Jonas Prising total, FY2025
99th
CEO pay percentile vs peers
874:1
CEO-to-median pay ratio
95.24%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Jonas Prising (Chair and Chief Executive Officer), FY2025 total compensation $13,268,466 (base salary $1,300,000) [exec_comp, SEC accession 0001193125-26-119922, filed 2026-03-23]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

MAN's next annual pay disclosure, estimated April 9, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jonas Prising$1,300,000$0$10,893,619$0$967,909$0$106,937$13,268,466
Chair and Chief Executive Officer
John T. McGinnis808,00003,142,3700441,400081,6254,473,395
Executive Vice President
Rebecca Frankiewicz750,00002,094,9530539,200048,0983,432,252
President
Michelle Nettles650,00001,675,9730315,400055,1742,696,547
Executive Vice President

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 FY2024→2025
Jonas Prising$13,268,466$12,939,374$12,712,353↑ +329,092
John T. McGinnis4,473,3954,271,3464,197,835↑ +202,049
Rebecca Frankiewicz3,432,252———
Michelle Nettles2,696,5472,304,9812,090,344↑ +391,566

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

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Companies that benchmark against MAN
8 companies name MAN as a compensation peer

Each company listed discloses MAN 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 MAN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Elizabeth P. SartainIndependent Director$300,000
Jean-Philippe CourtoisIndependent Director$311,158
John F. FerraroIndependent Director$353,063
Julie M. HowardLead Independent Director$391,874
Michael J. Van HandelIndependent Director$336,158
Muriel PénicaudIndependent Director$311,158
Patricia Hemingway HallFormer director (through FY2025)$101,444
Paul ReadIndependent Director$302,281
Ulice Payne, JrIndependent Director$313,440
William P. GipsonIndependent Director$323,104
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
John B. GibsonDirector2026-09-01A956$63$60,180Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John T. McGinnisPSU2025-02-14032,585—65,170$1,942,392
Rebecca FrankiewiczPSU2025-02-14021,724—43,4481,294,968
Jonas PrisingPSU2025-02-140112,961—225,9226,733,605
Jonas PrisingRSU2025-02-14——75,308—4,160,014
Michelle NettlesPSU2025-02-14017,379—34,7581,035,962
Rebecca FrankiewiczRSU2025-02-14——14,482—799,986
Michelle NettlesRSU2025-02-14——11,586—640,011
John T. McGinnisRSU2025-02-14——21,723—1,199,979
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John T. McGinnis$1,199,979$1,942,392$061.8%
Rebecca Frankiewicz799,9861,294,968061.8%
Jonas Prising4,160,0146,733,605061.8%
Michelle Nettles640,0111,035,962061.8%

% 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
Jonas PrisingPSU112,961—$3,358,331
Jonas PrisingPSU92,620—2,753,593
Michelle NettlesRSU8,601—255,708
Jonas PrisingRSU79,298—2,357,530
Jonas PrisingRSU77,923—2,316,651
Jonas PrisingRSU63,891—1,899,479
Jonas PrisingRSU52,865—1,571,676
Rebecca FrankiewiczRSU4,535—134,826
John T. McGinnisPSU32,585—968,752
John T. McGinnisPSU26,717—794,296
John T. McGinnisRSU26,431—785,794
John T. McGinnisRSU22,875—680,074
John T. McGinnisRSU22,477—668,241
Michelle NettlesRSU13,216—392,912
Rebecca FrankiewiczPSU21,724—645,855
John T. McGinnisRSU18,430—547,924
Michelle NettlesPSU17,379—516,678
Rebecca FrankiewiczPSU17,060—507,194
John T. McGinnisRSU15,250—453,383
Rebecca FrankiewiczRSU14,985—445,504
Michelle NettlesPSU12,468—370,674
Michelle NettlesRSU11,988—356,403
Rebecca FrankiewiczRSU11,370—338,030
Michelle NettlesRSU9,531—283,357
Michelle NettlesRSU6,354—188,904
Jonas PrisingRSU4,535—134,826
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are designed to reward performance, and compensation reflects actual results relative to targets set by the People, Culture and Compensation Committee.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)—
Independent consultantMercer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0833,747,2511,685,16624,59995.24%Passed
20252025-05-0238,749,4151,278,327299,46596.81%Passed
20242024-05-0340,724,7082,707,966159,12593.77%Passed
20232023-05-0538,310,3507,845,110138,83683%Passed
20222022-05-0645,176,2992,866,98727,59994.03%Passed
20212021-05-0746,030,1691,558,19230,01796.73%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
20262026-05-0895.24%a
20252025-05-0296.81%b
20242024-05-0393.77%c

a. Approved under the standard stated in the filing — “The following table summarizes the votes required for passage of each proposal and the effect of abstentions and non-broker votes: Proposal Votes Required for Approval Abstentions Broker Non-Votes To elect ten individuals nominated by the Board of Directors of ManpowerGroup to serve until 2027 as directors Majority of votes cast No effect No effect To ratify the appointment of Deloitte & Touche LLP as our independent auditors for 2026 Majority of votes cast No effect No effect To hold an advisory vote on approval of the compensation of our named executive officers Majority of votes cast No effect No effect To approve the proposed amendment to the Company's Amended and Restated Articles of Incorporation to permit removal of directors with or without cause Two-thirds of the outstanding total shares of stock entitled to vote at the annual meeting The effect of a vote against proposal The effect of a vote against proposal To approve the amendment and restatement of the Equity Incentive Plan of ManpowerGroup Inc.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast and, therefore, will have no impact on the approval of the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast and, therefore, will have no impact on the approval of the 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)874 : 1
CEO total compensation$13,268,466
Median employee compensation$15,178
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Julie M. HowardIndependent · Lead Independent Director · People, Culture and Compensation (Chair)$0$391,874$0—$0$391,874
John F. FerraroIndependent · Audit (Chair)150,000203,0630—0353,063
Michael J. Van HandelIndependent · Governance and Sustainability145,000191,1580—0336,158
William P. GipsonIndependent · People, Culture and Compensation0323,1040—0323,104
Ulice Payne, JrIndependent · Audit120,000193,440000313,440
Muriel PénicaudIndependent · People, Culture and Compensation120,000191,1580—0311,158
Jean-Philippe CourtoisIndependent · Audit120,000191,1580—0311,158
Paul ReadIndependent · Audit120,000182,2810—0302,281
Elizabeth P. SartainIndependent · People, Culture and Compensation120,000180,0000—0300,000
Patricia Hemingway HallIndependent · Audit · Governance and Sustainability · Departed during FY40,54960,8950—0101,444
Jonas PrisingEmployee director · Board Chair000—00
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$180,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 25,000
Stock ownership guideline$450,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$935,549
Equity awards (grant-date value)$2,108,131
All other compensation$0
Total cost of the board$3,043,680

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 ManpowerGroup 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 ManpowerGroup.

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
1ManpowerGroup2025Jonas Prising$1,300,000$10,893,619$0$967,909$13,268,466
2ASGN Incorporated2025Theodore Hanson1,100,0007,787,11801,566,06610,475,672
3Robert Half Inc.2025M. Keith Waddell500,0004,532,9480839,3306,073,178
4Kforce Inc2025Joseph Liberatore925,0003,217,50401,029,0635,415,821
5Kelly Services, Inc2025Christopher Layden307,6924,000,0030450,0005,207,696
6TrueBlue, Inc.2025Taryn Owen950,0002,545,47901,118,6254,614,104
—Robert Walters plc——————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
ManpowerGroup46.5%not disclosedYes — relative Total Shareholder Return (rTSR)Mercer
ASGN Incorporatednot disclosedRSU 50 · PSU 50Yes — Relative TSRSemler Brossy Consulting Group, LLC
Kelly Services, Incnot disclosedPSU 75 · Restricted Stock 25not disclosedPearl Meyer
Kforce Inc89%RSU 100Yes — Three-year TSR performance relative to Performance Peer GroupPay Governance LLC
Robert Half Inc.59.1%PRSU 100NoFrederic W. Cook & Co., Inc. (FW Cook)
Robert Walters plcnot disclosednot disclosednot disclosednot disclosed
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.

10d

Frequently asked questions

Who was the highest-paid executive at ManpowerGroup in fiscal 2025?
As disclosed, Jonas Prising (Chair and Chief Executive Officer) was the highest-paid executive at ManpowerGroup in fiscal 2025, with total compensation of $13,268,466.
How does ManpowerGroup's chief executive pay compare to its disclosed peer group?
As disclosed, Jonas Prising's total compensation ranked at the 99th percentile of ManpowerGroup's disclosed peer group.
What is ManpowerGroup's CEO-to-median employee pay ratio?
As disclosed, ManpowerGroup's CEO-to-median employee pay ratio was 874:1.
How did shareholders vote on ManpowerGroup's executive compensation?
As disclosed, 95.24% of shareholders supported ManpowerGroup's executive compensation in the latest say-on-pay vote.
How much does ManpowerGroup spend in total on board compensation for fiscal 2025?
As disclosed, ManpowerGroup reported total board compensation of $3,043,680 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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, Jonas PrisingDEF 14A2026-03-230001193125-26-119922Section “Summary Compensation Table” · page 55. As printed: 13,268,466. Filing ↗machine: t214 · r4 · c28 · span 2695592–2695602
2Section 01, John T. McGinnisDEF 14A2026-03-230001193125-26-119922Section “Summary Compensation Table” · page 55. As printed: 4,473,395. Filing ↗machine: t214 · r9 · c28 · span 2751642–2751651
3Section 01, Rebecca FrankiewiczDEF 14A2026-03-230001193125-26-119922Section “Summary Compensation Table” · page 55. As printed: 3,432,252. Filing ↗machine: t214 · r7 · c28 · span 2731055–2731064
4Section 01, Michelle NettlesDEF 14A2026-03-230001193125-26-119922Section “Summary Compensation Table” · page 55. As printed: 2,696,547. Filing ↗machine: t214 · r12 · c28 · span 2787095–2787104
5Section 03, John T. McGinnis PSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
6Section 03, Rebecca Frankiewicz PSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
7Section 03, Jonas Prising PSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
8Section 03, Jonas Prising RSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
9Section 03, Michelle Nettles PSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
10Section 03, Rebecca Frankiewicz RSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
11Section 03, Michelle Nettles RSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
12Section 03, John T. McGinnis RSUDEF 14A1900-01-010001193125-26-119922Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
13Section 07, pay ratioDEF 14A2026-03-230001193125-26-119922Section “CEO Pay Ratio”. As printed: 874 : 1. Filing ↗machine: span 4656452–4656457
14Section 08, Julie M. HowardDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 391,874. Filing ↗machine: span 1328578–1328819
15Section 08, John F. FerraroDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 353,063. Filing ↗machine: span 1314056–1314297
16Section 08, Michael J. Van HandelDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 336,158. Filing ↗machine: span 1358065–1358306
17Section 08, William P. GipsonDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 323,104. Filing ↗machine: span 1317606–1317847
18Section 08, Ulice Payne, JrDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 313,440. Filing ↗machine: t95 · r9 · c11 · span 1335799–1336040
19Section 08, Muriel PénicaudDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 311,158. Filing ↗machine: span 1341368–1341609
20Section 08, Jean-Philippe CourtoisDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 311,158. Filing ↗machine: span 1308492–1308733
21Section 08, Paul ReadDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 302,281. Filing ↗machine: span 1346926–1347167
22Section 08, Elizabeth P. SartainDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 300,000. Filing ↗machine: span 1352495–1352736
23Section 08, Patricia Hemingway HallDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 101,444. Filing ↗machine: span 1325030–1325271
24Section 08, Jonas PrisingDEF 14A2026-03-230001193125-26-119922Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, John B. Gibson 2026-09-01Form 42026-09-030000892712-26-000366Insider equity transaction reported since the proxy statement. Filing ↗
26Section 06, 2026 voteForm 8-K2026-05-080001193125-26-214945Item 5.07 · say-on-pay result. As reported: 95.24% (votes for as printed: 33,747,251). Filing ↗
27Section 06, 2025 voteForm 8-K2025-05-020000950170-25-062812Item 5.07 · say-on-pay result. As reported: 96.81% (votes for as printed: 38,749,415). Filing ↗
28Section 06, 2024 voteForm 8-K2024-05-030000950170-24-052940Item 5.07 · say-on-pay result. As reported: 93.77% (votes for as printed: 40,724,708). Filing ↗
29Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)Computed——Cash 935,549 + equity 2,108,131 + all other 0 = 3,043,680, summed across the director compensation table rows.machine: formula: Σ = 3,043,680
32ManpowerGroup (subject), Section 10b CEO totalDEF 14A2026-03-230001193125-26-119922CEO total compensation as printed in ManpowerGroup's own proxy. As printed: 13,268,466. Filing ↗machine: t214 · r4 · c28 · span 2695592–2695602
33ASGN Incorporated, Section 10b CEO totalDEF 14A2026-04-270000890564-26-000031CEO total compensation as printed in ASGN Incorporated's own proxy. As printed: 10,475,672. Filing ↗machine: r2 · c21 · span 641233–641243
34Robert Half Inc., Section 10b CEO totalDEF 14A2026-04-100000315213-26-000010CEO total compensation as printed in Robert Half Inc.'s own proxy. As printed: 6,073,178. Filing ↗machine: r4 · c21 · span 600884–600893
35Kforce 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
36Kelly Services, Inc, Section 10b CEO totalDEF 14A2026-04-130001193125-26-152858CEO total compensation as printed in Kelly Services, Inc's own proxy. As printed: 5,207,696. Filing ↗machine: r3 · c44 · span 1287902–1287911
37TrueBlue, 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
38Section 10a, Kelly Services, Inc reciprocityDEF 14A—0001193125-26-152858Kelly Services, Inc names ManpowerGroup in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Robert Half Inc. reciprocityDEF 14A—0000315213-25-000029Robert Half Inc.'s most recent proxy was read; its disclosed peer group does not include ManpowerGroup. Filing ↗
40Section 10a, ASGN Incorporated reciprocityDEF 14A—0000890564-26-000031ASGN Incorporated names ManpowerGroup in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, TrueBlue, Inc. reciprocityDEF 14A—0001999371-26-008266TrueBlue, Inc.'s most recent proxy was read; its disclosed peer group does not include ManpowerGroup. Filing ↗
42Section 10a, Kforce Inc reciprocityDEF 14A—0000930420-26-000013Kforce Inc names ManpowerGroup in its own disclosed peer group (read from its most recent proxy). Filing ↗

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