REG - HSBC Holdings PLC - Director/PDMR Shareholding
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RNS Number : 6458W HSBC Holdings PLC 13 March 2026
HSBC HOLDINGS PLC
13 March 2026
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
Deferred awards (the "Awards") in ordinary shares of US$0.50 each (the
"Shares") in HSBC Holdings plc (the "Company") vested on 11 and 12 March 2026.
1. Annual Incentive awards (Performance Year 2023)
Awards of Shares in the Company were granted in 2024 as a part of variable pay
for the performance year ended 31 December 2023.
On 11 March 2026, tranches of the Awards granted in 2024 vested and the
following transactions took place in London:
Name Total number of Shares vested Number of Shares sold at £12.698495 per Share(1)
David Liao 10,785 -
Stuart Riley 49,805 23,409
Michael Roberts 21,084 10,764
Surendra Rosha 11,177 -
Suzanna White 15,231 6,955
(1) Represents shares sold to cover withholding tax.
2. Annual Incentive awards (Performance Year 2024)
Awards of Shares in the Company were granted in 2025 as a part of variable pay
for the performance year ended 31 December 2024.
On 12 March 2026, tranches of the Awards granted in 2025 vested and the
following transactions took place in London:
Name Total number of Shares vested Number of Shares sold at £11.973259 per Share(1)
Richard Blackburn 9,408 4,422
David Liao 6,706 -
Michael Roberts 17,553 8,961
Surendra Rosha 7,368 -
Suzanna White 5,334 2,507
(1) Represents shares sold to cover withholding tax.
For the purpose of the below disclosures, the value of the Awards which vested
on 11 and 12 March 2026 has been calculated using the closing Share price on
the London Stock Exchange on 10 March 2026 of £12.80.
The following disclosures are made in accordance with the UK version of the EU
Market Abuse Regulation 596/2014.
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Richard Blackburn
2 - Reason for the notification
Position/status Group Chief Risk and Compliance Officer
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Full name of the entity HSBC Holdings plc
Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 9,408 £
1
2
0
,
4
2
2
.
4
0
Aggregated £12.80 9,408 £
1
2
0
,
4
2
2
.
4
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£11.97 4,422 £
5
2
,
9
4
5
.
7
5
Aggregated £11.973 4,422 £
5
2
,
9
4
5
.
7
5
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person David Liao
2 - Reason for the notification
Position/status Co-Chief Executive, Asia and Middle East
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Full name of the entity HSBC Holdings plc
Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 10,785 £
1
3
8
,
0
4
8
.
0
0
Aggregated £12.80 10,785 £
1
3
8
,
0
4
8
.
0
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 6,706 £
8
5
,
8
3
6
.
8
0
Aggregated £12.80 6,706 £
8
5
,
8
3
6
.
8
0
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Stuart Riley
2 - Reason for the notification
Position/status Group Chief Information Officer
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Full name of the entity HSBC Holdings plc
Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 49,805 £
6
3
7
,
5
0
4
.
0
0
Aggregated £12.80 49,805 £
6
3
7
,
5
0
4
.
0
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£12.70 23,409 £
2
9
7
,
2
5
9
.
0
7
Aggregated £12.698 23,409 £
2
9
7
,
2
5
9
.
0
7
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Michael Roberts
2 - Reason for the notification
Position/status Chief Executive, HSBC Bank plc and Corporate and Institutional Banking
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Full name of the entity HSBC Holdings plc
Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 21,084 £
2
6
9
,
8
7
5
.
2
0
Aggregated £12.80 21,084 £
2
6
9
,
8
7
5
.
2
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£12.70 10,764 £
1
3
6
,
6
8
6
.
6
0
Aggregated £12.698 10,764 £
1
3
6
,
6
8
6
.
6
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 17,553 £
2
2
4
,
6
7
8
.
4
0
Aggregated £12.80 17,553 £
2
2
4
,
6
7
8
.
4
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£11.97 8,961 £
1
0
7
,
2
9
2
.
3
7
Aggregated £11.973 8,961 £
1
0
7
,
2
9
2
.
3
7
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Surendra Rosha
2 - Reason for the notification
Position/status Co-Chief Executive, Asia and Middle East
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Full name of the entity HSBC Holdings plc
Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 11,177 £
1
4
3
,
0
6
5
.
6
0
Aggregated £12.80 11,177 £
1
4
3
,
0
6
5
.
6
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 7,368 £
9
4
,
3
1
0
.
4
0
Aggregated £12.80 7,368 £
9
4
,
3
1
0
.
4
0
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Suzanna White
2 - Reason for the notification
Position/status Group Chief Operating Officer
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Full name of the entity HSBC Holdings plc
Legal Entity Identifier code MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 15,231 £
1
9
4
,
9
5
6
.
8
0
Aggregated £12.80 15,231 £
1
9
4
,
9
5
6
.
8
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-11 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£12.70 6,955 £
8
8
,
3
1
8
.
0
3
Aggregated £12.698 6,955 £
8
8
,
3
1
8
.
0
3
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Vestings under the HSBC Share Plan 2011
£12.80 5,334 £
6
8
,
2
7
5
.
2
0
Aggregated £12.80 5,334 £
6
8
,
2
7
5
.
2
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-12 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£11.97 2,507 £
3
0
,
0
1
6
.
9
6
Aggregated £11.973 2,507 £
3
0
,
0
1
6
.
9
6
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