REG - HSBC Holdings PLC - Director/PDMR Shareholding
12/03/2025 15:30
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250312:nRSL4262Aa&default-theme=true
RNS Number : 4262A HSBC Holdings PLC 12 March 2025
HSBC HOLDINGS PLC
12 March 2025
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
1. Annual Incentive awards (Performance Year 2017)
Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in
HSBC Holdings plc (the "Company") were granted in 2018 as a part of variable
pay for the performance year ended 31 December 2017.
On 10 March 2025, tranches of the Awards granted in 2018 vested and the
following transactions took place in London:
Directors
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Pam Kaur 15,633 7,348
Other PDMRs
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Ian Stuart 13,490 6,341
(1) Represents shares sold to cover withholding tax.
The PDMRs are required to retain a number of Shares equivalent in value to
those that vested under the Awards (net of tax liabilities) for twelve months
from the original vesting date.
2. Annual Incentive awards (Performance Year 2018)
Awards of Shares in the Company were granted in 2019 as a part of variable pay
for the performance year ended 31 December 2018.
On 10 March 2025, tranches of the Awards granted in 2019 vested and the
following transactions took place in London:
Directors
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Pam Kaur 18,655 8,768
Other PDMRs
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Ian Stuart 16,864 7,926
(1) Represents shares sold to cover withholding tax.
The PDMRs are required to retain a number of Shares equivalent in value to
those that vested under the Awards (net of tax liabilities) for twelve months
from the original vesting date.
3. Annual Incentive awards (Performance Year 2019)
Awards of Shares in the Company were granted in 2020 as a part of variable pay
for the performance year ended 31 December 2019.
On 10 March 2025, tranches of the Awards granted in 2020 vested and the
following transactions took place in London:
Directors
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Georges Elhedery 29,532 13,881
Pam Kaur 19,635 9,228
Other PDMRs
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Richard Blackburn 8,928 4,197
Barry O'Byrne 15,152 3,680
Michael Roberts 43,946 22,435
Ian Stuart 17,190 8,079
Suzanna White 4,044 1,818
(1) Represents shares sold to cover withholding tax.
The PDMRs are required to retain a number of Shares equivalent in value to
those that vested under the Awards (net of tax liabilities) for twelve months
from the original vesting date with the exception of Richard Blackburn and
Suzanna White who are subject to a six-month retention period.
4. Annual Incentive awards (Performance Year 2020)
Awards of Shares in the Company were granted in 2021 as a part of variable pay
for the performance year ended 31 December 2020.
On 10 March 2025, tranches of the Awards granted in 2021 vested and the
following transactions took place in London:
Directors
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Georges Elhedery 61,104 28,718
Pam Kaur 42,388 19,923
Other PDMRs
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Richard Blackburn 11,796 5,544
David Liao 18,753 3,001
Barry O'Byrne 27,714 5,281
Michael Roberts 46,879 23,932
Ian Stuart 20,447 9,610
Suzanna White 8,789 3,894
(1) Represents shares sold to cover withholding tax.
The PDMRs are required to retain a number of Shares equivalent in value to
those that vested under the Awards (net of tax liabilities) for twelve months
from the original vesting date, with the exception of Richard Blackburn, David
Liao and Suzanna White who are subject to a six-month retention period.
5. Annual Incentive awards (Performance Year 2022)
Awards of Shares in the Company were granted in 2023 as a part of variable pay
for the performance year ended 31 December 2022.
On 10 March 2025, tranches of the Awards granted in 2023 vested and the
following transactions took place in London:
Other PDMRs
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
David Liao 9,763 1,562
Michael Roberts 19,640 10,026
Surendra Rosha 9,763 1,563
Suzanna White 12,743 5,645
(1) Represents shares sold to cover withholding tax.
The PDMRs are required to retain a number of Shares equivalent in value to
those that vested under the Awards (net of tax liabilities) for twelve months
from the original vesting date with the exception of Suzanna White who is
subject to a six-month retention period.
6. Buyout Awards
Buyout awards of Shares that were granted to a PDMR on 8 May 2024 as a result
of their HSBC appointment vested on 10 March 2025 and the following
transactions took place in London:
Other PDMRs
Name Total number of Shares vested Number of Shares sold at £8.613754 per Share(1)
Stuart Riley(2) 235,069 110,483
Stuart Riley(3) 42,272 19,868
( )
(1) Includes shares sold to cover withholding tax.
(2) The first tranche of the 8 May 2024 Buyout Award. A twelve-month retention
period will apply.
(3) The second tranche of the 8 May 2024 Buyout Award. A six-month retention
period will apply.
For the purpose of the below disclosures, the value of the awards which vested
on 10 March 2025 has been calculated using the closing Share price on the
London Stock Exchange on 7 March 2025 of £8.7640.
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 Georges Elhedery
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
2025-03-10 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
£8.76 90,636 £
7
9
4
,
3
3
3
.
9
0
Aggregated £8.764 90,636 £
7
9
4
,
3
3
3
.
9
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 42,599 £
3
6
6
,
9
3
7
.
3
1
Aggregated £8.614 42,599 £
3
6
6
,
9
3
7
.
3
1
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 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
2025-03-10 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
£8.76 96,311 £
8
4
4
,
0
6
9
.
6
0
Aggregated £8.764 96,311 £
8
4
4
,
0
6
9
.
6
0
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 45,267 £
3
8
9
,
9
1
8
.
8
0
Aggregated £8.614 45,267 £
3
8
9
,
9
1
8
.
8
0
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person Richard Blackburn
2 - Reason for the notification
Position/status Interim 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
2025-03-10 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
£8.76 20,724 £
1
8
1
,
6
2
5
.
1
4
Aggregated £8.764 20,724 £
1
8
1
,
6
2
5
.
1
4
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 9,741 £
8
3
,
9
0
6
.
5
8
Aggregated £8.614 9,741 £
8
3
,
9
0
6
.
5
8
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
2025-03-10 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
£8.76 28,516 £
2
4
9
,
9
1
4
.
2
2
Aggregated £8.764 28,516 £
2
4
9
,
9
1
4
.
2
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 4,563 £
3
9
,
3
0
4
.
5
6
Aggregated £8.614 4,563 £
3
9
,
3
0
4
.
5
6
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, International Wealth and Premier 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
2025-03-10 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
£8.76 42,866 £
3
7
5
,
6
7
7
.
6
2
Aggregated £8.764 42,866 £
3
7
5
,
6
7
7
.
6
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 8,961 £
7
7
,
1
8
7
.
8
5
Aggregated £8.614 8,961 £
7
7
,
1
8
7
.
8
5
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
2025-03-10 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
£8.76 277,341 £
2
,
4
3
0
,
6
1
6
.
5
2
Aggregated £8.764 277,341 £
2
,
4
3
0
,
6
1
6
.
5
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 130,351 £
1
,
1
2
2
,
8
1
1
.
4
5
Aggregated £8.614 130,351 £
1
,
1
2
2
,
8
1
1
.
4
5
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
2025-03-10 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
£8.76 110,465 £
9
6
8
,
1
1
5
.
2
6
Aggregated £8.764 110,465 £
9
6
8
,
1
1
5
.
2
6
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 56,393 £
4
8
5
,
7
5
5
.
4
3
Aggregated £8.614 56,393 £
4
8
5
,
7
5
5
.
4
3
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
2025-03-10 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
£8.76 9,763 £
8
5
,
5
6
2
.
9
3
Aggregated £8.764 9,763 £
8
5
,
5
6
2
.
9
3
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 1,563 £
1
3
,
4
6
3
.
3
0
Aggregated £8.614 1,563 £
1
3
,
4
6
3
.
3
0
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
2025-03-10 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
£8.76 67,991 £
5
9
5
,
8
7
3
.
1
2
Aggregated £8.764 67,991 £
5
9
5
,
8
7
3
.
1
2
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 31,956 £
2
7
5
,
2
6
1
.
1
2
Aggregated £8.614 31,956 £
2
7
5
,
2
6
1
.
1
2
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
2025-03-10 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
£8.76 25,576 £
2
2
4
,
1
4
8
.
0
6
Aggregated £8.764 25,576 £
2
2
4
,
1
4
8
.
0
6
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2025-03-10 Ordinary shares of US$0.50 each GB0005405286 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Price Volume Total
Disposal
£8.61 11,357 £
9
7
,
8
2
6
.
4
0
Aggregated £8.614 11,357 £
9
7
,
8
2
6
.
4
0
For any queries related to this notification, please contact:
Lee Davis
Corporate Governance & Secretariat
shareholderquestions@hsbc.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHSFLFLEEISELDRecent news on HSBC Holdings
See all newsREG - iShares Physical - Publication of Final Terms
AnnouncementREG - iShares Physical - Publication of Final Terms
AnnouncementREG - iShares Physical - Publication of Final Terms
AnnouncementREG - HSBC GF Sukuk $ - Net Asset Value(s)
AnnouncementREG - HSBC GF ICAV GL Sus£ - Net Asset Value(s)
Announcement