REG - HSBC Holdings PLC - Director/PDMR Shareholding
28/02/2024 11:15
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RNS Number : 7807E HSBC Holdings PLC 28 February 2024
HSBC HOLDINGS PLC
28 February 2024
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The transactions in ordinary shares of US$0.50 each ("Shares") in HSBC
Holdings plc (the "Company") detailed below took place on 26 February 2024.
The awards made to Executive Directors disclosed in this announcement are the
same awards disclosed in the separate Grant of Conditional Awards announcement
released on 28 February 2024 pursuant to Rules 17.06A, 17.06B and 17.06C of
the Rules Governing the Listing of Securities on The Stock Exchange of Hong
Kong Limited.
1. Long Term Incentive Awards
Long term incentive awards ("LTI awards") were made to the Executive Directors
and other PDMRs named below, as part of variable pay for the performance year
ended 31 December 2023. An LTI award is an award of Shares in the Company,
with a three-year forward-looking performance period commencing on 1 January
2024 and ending on 31 December 2026.
At the end of this performance period, the number of Shares that vest will be
determined based upon an assessment by the Group Remuneration Committee of
performance against financial and non-financial measures in the LTI scorecard,
as detailed in the Directors' Remuneration Report in the Annual Report and
Accounts 2023. Subject to that assessment, the shares will vest in five equal
annual instalments commencing from March 2027. Upon each vesting, a one-year
retention period applies.
The LTI awards were made in London and are based upon the closing Share price
on the London Stock Exchange on 23 February 2024 of £5.9720.
Executive Directors
Name Shares awarded
Noel Quinn 974,853
Georges Elhedery 569,177
Other PDMRs
Name Shares awarded
Colin Bell 128,201
Greg Guyett 217,939
John Hinshaw 178,196
Pam Kaur 185,889
David Liao 131,864
Nuno Matos 175,017
Stephen Moss 112,903
Barry O'Byrne 144,423
Michael Roberts 225,804
Surendra Rosha 133,572
Ian Stuart 128,201
2. Annual Incentive Awards
Awards of (i) immediately vested and (ii) deferred Shares were made under the
HSBC Share Plan 2011. These awards relate to the performance year ended 31
December 2023 and comprise part of the Group's annual incentive arrangements.
The awards were determined by assessing performance during the year against
financial and non-financial metrics. For Executive Directors who served during
the year ended 31 December 2023, the performance assessment is detailed in the
Directors' Remuneration Report in the Annual Report and Accounts 2023. Upon
vesting, a one-year retention period applies.
Awards were made in London and are based upon the closing Share price on the
London Stock Exchange on 23 February 2024 of £5.9720.
(i) Immediately vested awards
Executive Directors
Name Shares awarded Shares sold in respect of Income Tax and Social Security liabilities at Net shares vested
£5.960535 per share
Noel Quinn 168,955 79,409 89,546
Georges Elhedery 107,752 50,644 57,108
Other PDMRs
Name Shares awarded Shares sold in respect of Income Tax and Social Security liabilities at Net shares vested
£5.960535 per share
Colin Bell 89,926 42,266 47,660
Greg Guyett 151,360 71,140 80,220
John Hinshaw 123,611 58,098 65,513
Pam Kaur 140,344 65,962 74,382
David Liao 94,469 14,171 80,298
Nuno Matos 134,831 20,225 114,606
Stephen Moss(1) 67,360 0 67,360
Barry O'Byrne 108,694 16,305 92,389
Michael Roberts 169,026 86,288 82,738
Surendra Rosha 96,393 14,459 81,934
Ian Stuart 87,247 41,007 46,240
(1)Awards vesting in the local jurisdiction of employment are not subject to
Income Tax and Social Security liabilities.
(ii) Deferred awards
Awards vest in five equal annual tranches commencing in March 2027. Upon
vesting, a one-year retention period applies.
Other PDMRs
Name Shares awarded
Colin Bell 55,494
Greg Guyett 91,251
John Hinshaw 74,310
Pam Kaur 100,798
David Liao(1) 53,927
Nuno Matos 100,409
Stephen Moss(1) 21,792
Barry O'Byrne 77,611
Michael Roberts(1) 105,424
Surendra Rosha(1) 55,886
Ian Stuart 50,021
(1)Awards vest in five equal annual tranches commencing in March 2025.
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 Noel Quinn
2 - Reason for the notification
Position/status Group Chief Executive
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 1 £
, 6
1 ,
4 8
3 3
, 0
8 ,
0 8
8 2
1
.
3
8
Aggregated £5.972 1 £
, 6
1 ,
4 8
3 3
, 0
8 ,
0 8
8 2
1
.
3
8
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 7 £
9 4
, 7
4 3
0 ,
9 3
2
0
.
1
2
Aggregated £5.961 7 £
9 4
, 7
4 3
0 ,
9 3
2
0
.
1
2
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Georges Elhedery
2 - Reason for the notification
Position/status Group Chief Financial 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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 6 £
7 4
6 ,
, 0
9 4
2 2
9 ,
6
1
9
.
9
9
Aggregated £5.972 6 £
7 4
6 ,
, 0
9 4
2 2
9 ,
6
1
9
.
9
9
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 5 £
0 3
, 0
6 1
4 ,
4 8
6
5
.
3
3
Aggregated £5.961 5 £
0 3
, 0
6 1
4 ,
4 8
6
5
.
3
3
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Colin Bell
2 - Reason for the notification
Position/status Chief Executive, HSBC Bank plc and HSBC Europe
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 2 £
7 1
3 ,
, 6
6 3
2 4
1 ,
0
6
4
.
6
1
Aggregated £5.972 2 £
7 1
3 ,
, 6
6 3
2 4
1 ,
0
6
4
.
6
1
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 4 £
2 2
, 5
2 1
6 ,
6 9
2
7
.
9
7
Aggregated £5.961 4 £
2 2
, 5
2 1
6 ,
6 9
2
7
.
9
7
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Greg Guyett
2 - Reason for the notification
Position/status Chief Executive, Global Banking and Markets
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 460,550 £2
,7
50
,4
04
.6
0
Aggregated £5.972 460,550 £2
,7
50
,4
04
.6
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 71,140 £4
24
,0
32
.4
6
Aggregated £5.961 71,140 £4
24
,0
32
.4
6
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person John Hinshaw
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 3 £
7 2
6 ,
, 2
1 4
1 6
7 ,
1
7
0
.
7
2
Aggregated £5.972 3 £
7 2
6 ,
, 2
1 4
1 6
7 ,
1
7
0
.
7
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 5 £
8 3
, 4
0 6
9 ,
8 2
9
5
.
1
6
Aggregated £5.961 5 £
8 3
, 4
0 6
9 ,
8 2
9
5
.
1
6
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Pam Kaur
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)
Transaction(s) summary table
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 4 £
2 2
7 ,
, 5
0 5
3 0
1 ,
2
2
9
.
1
3
Aggregated £5.972 4 £
2 2
7 ,
, 5
0 5
3 0
1 ,
2
2
9
.
1
3
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 6 £
5 3
, 9
9 3
6 ,
2 1
6
8
.
8
1
Aggregated £5.961 6 £
5 3
, 9
9 3
6 ,
2 1
6
8
.
8
1
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-Pacific - The Hongkong and Shanghai Banking
Corporation Limited
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 2 £
8 1
0 ,
, 6
2 7
6 3
0 ,
7
1
2
.
7
2
Aggregated £5.972 2 £
8 1
0 ,
, 6
2 7
6 3
0 ,
7
1
2
.
7
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 1 £
4 8
, 4
1 ,
7 4
1 6
6
.
7
4
Aggregated £5.961 1 £
4 8
, 4
1 ,
7 4
1 6
6
.
7
4
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Nuno Matos
2 - Reason for the notification
Position/status Chief Executive, Wealth and Personal 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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 4 £
1 2
0 ,
, 4
2 5
5 0
7 ,
0
5
4
.
8
0
Aggregated £5.972 4 £
1 2
0 ,
, 4
2 5
5 0
7 ,
0
5
4
.
8
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 2 £
0 1
, 2
2 0
2 ,
5 5
5
1
.
8
2
Aggregated £5.961 2 £
0 1
, 2
2 0
2 ,
5 5
5
1
.
8
2
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Stephen Moss
2 - Reason for the notification
Position/status Regional Chief Executive, Middle East, North Africa and Turkey
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 202,055 £1,206,672.46
Aggregated £5.972 202,055 £1,206,672.46
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Barry O'Byrne
2 - Reason for the notification
Position/status Chief Executive, Global Commercial 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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 3 £
3 1
0 ,
, 9
7 7
2 5
8 ,
1
0
7
.
6
2
Aggregated £5.972 3 £
3 1
0 ,
, 9
7 7
2 5
8 ,
1
0
7
.
6
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 1 £
6 9
, 7
3 ,
0 1
5 8
6
.
5
2
Aggregated £5.961 1 £
6 9
, 7
3 ,
0 1
5 8
6
.
5
2
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 USA and Americas
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 5 £
0 2
0 ,
, 9
2 8
5 7
4 ,
5
1
6
.
8
9
Aggregated £5.972 5 £
0 2
0 ,
, 9
2 8
5 7
4 ,
5
1
6
.
8
9
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 8 £
6 5
, 1
2 4
8 ,
8 3
2
2
.
6
4
Aggregated £5.961 8 £
6 5
, 1
2 4
8 ,
8 3
2
2
.
6
4
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-Pacific - The Hongkong and Shanghai Banking
Corporation Limited
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 2 £
8 1
5 ,
, 7
8 0
5 7
1 ,
1
0
2
.
1
7
Aggregated £5.972 2 £
8 1
5 ,
, 7
8 0
5 7
1 ,
1
0
2
.
1
7
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 1 £
4 8
, 6
4 ,
5 1
9 8
3
.
3
8
Aggregated £5.961 1 £
4 8
, 6
4 ,
5 1
9 8
3
.
3
8
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Ian Stuart
2 - Reason for the notification
Position/status Chief Executive, HSBC UK Bank plc
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
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Acquisitions under the HSBC Share Plan 2011
£5.97 2 £
6 1
5 ,
, 5
4 8
6 5
9 ,
3
8
0
.
8
7
Aggregated £5.972 2 £
6 1
5 ,
, 5
4 8
6 5
9 ,
3
8
0
.
8
7
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2024-02-26 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£5.96 4 £
1 2
, 4
0 4
0 ,
7 4
2
3
.
6
6
Aggregated £5.961 4 £
1 2
, 4
0 4
0 ,
7 4
2
3
.
6
6
For any queries related to this notification, please contact:
Lee Davis
Corporate Governance & Secretariat
+44 (0) 207 991 3048
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