Director/PDMR Shareholding

RNS Number : 3302R

HSBC Holdings PLC

27 February 2019

 

HSBC HOLDINGS PLC

27 February 2019

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with PMDRs

1.    Long Term Incentive Awards

On 25 February 2019, long term incentive awards ("LTI awards") were made to the Executive Directors named below, as part of variable pay for the performance year ended 31 December 2018. An LTI award is an award of US$0.50 ordinary shares ("Shares") in HSBC Holdings plc (the "Company"), with a three year forward-looking performance period commencing on 1 January 2019 and ending on 31 December 2021.

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, as detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2018. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2022. Upon each vesting, a one year retention period applies.

Directors                                    

Name	Shares awarded
John Flint	788,933
Marc Moses	458,567

2.    Annual Incentive Awards

On 25 February 2019, 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 2018 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 2018, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2018. Upon vesting, a one year retention period applies.

(i)       Immediately vested awards

Directors

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £6.2239 per share	Net shares vested
John Flint	155,252	72,969	82,283
Marc Moses	106,174	49,902	56,272

Other PDMRs

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £6.2239 per share	Net shares vested
Samir Assaf	131,589	61,847	69,742
Patrick Burke	81,150	43,189	37,961
Andy Maguire	84,002	39,481	44,521
Paulo Maia	35,720	12,502	23,218
Charlie Nunn	64,415	30,276	34,139
Noel Quinn	73,165	34,388	38,777
Antonio Simoes	40,747	19,152	21,595
Ian Stuart	43,882	20,625	23,257
Peter Wong	96,159	14,424	81,735

(ii)      Deferred Awards

Awards vest in five equal annual tranches commencing in March 2022. Upon vesting, a one year retention period applies.

Other PDMRs

Name	Shares awarded
Samir Assaf	252,846
Patrick Burke*	141,089
Andy Maguire	161,408
Paulo Maia*	62,104
Charlie Nunn	123,772
Noel Quinn	140,585
Antonio Simoes	78,294
Ian Stuart	84,320
Peter Wong*	167,184

*	Awards vest in five equal annual tranches commencing in March 2020.

Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 22 February 2019 of £6.2350.

3.    Share Dealing

On 26 February 2019, Jackson Tai acquired 2,088 American Depositary Shares ("ADS")^1,2, representing 10,440 Ordinary Shares at US$40.7800 per ADS.

¹ADS are categorised as equity derivatives under Part XV of the Securities and Futures Ordinance of Hong Kong. Each ADS represents five HSBC Holdings plc ordinary shares. ADS are traded in New York.

²Jackson Tai's interests in the ADS are as follows:

·      15 ADS are held jointly with his spouse.

·      He has a non-beneficial interest in 107 ADS, of which he is a custodian.

·      1,966 ADS are held in a trust, for which Jackson Tai is a trustee and the sole beneficiary.

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						John Flint
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	944,185	£5,886,993.48
					Aggregated	£6.235	944,185	£5,886,993.48
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	72,969	£454,151.76
					Aggregated	£6.224	72,969	£454,151.76

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Marc Moses
2 - Reason for the notification
Position/status						Group Chief Risk 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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	564,741	£3,521,160.14
					Aggregated	£6.235	564,741	£3,521,160.14
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	49,902	£310,585.06
					Aggregated	£6.224	49,902	£310,585.06

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Samir Assaf
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	384,435	£2,396,952.22
					Aggregated	£6.235	384,435	£2,396,952.22
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	61,847	£384,929.54
					Aggregated	£6.224	61,847	£384,929.54

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Patrick Burke
2 - Reason for the notification
Position/status						President and Chief Executive of HSBC US
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	222,239	£1,385,660.16
					Aggregated	£6.235	222,239	£1,385,660.16
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	43,189	£268,804.02
					Aggregated	£6.224	43,189	£268,804.02

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Andy Maguire
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	245,410	£1,530,131.35
					Aggregated	£6.235	245,410	£1,530,131.35
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	39,481	£245,725.80
					Aggregated	£6.224	39,481	£245,725.80

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Paulo Maia
2 - Reason for the notification
Position/status						Chief Executive, Latin America
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	97,824	£609,932.64
					Aggregated	£6.235	97,824	£609,932.64
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	12,502	£77,811.20
					Aggregated	£6.224	12,502	£77,811.20

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Charlie Nunn
2 - Reason for the notification
Position/status						Chief Executive, Retail Banking and Wealth Management
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	188,187	£1,173,345.94
					Aggregated	£6.235	188,187	£1,173,345.94
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	30,276	£188,434.80
					Aggregated	£6.224	30,276	£188,434.80

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Noel Quinn
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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	213,750	£1,332,731.25
					Aggregated	£6.235	213,750	£1,332,731.25
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	34,388	£214,027.47
					Aggregated	£6.224	34,388	£214,027.47

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Antonio Simoes
2 - Reason for the notification
Position/status						Chief Executive, Global Private 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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	119,041	£742,220.64
					Aggregated	£6.235	119,041	£742,220.64
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	19,152	£119,200.13
					Aggregated	£6.224	19,152	£119,200.13

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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	128,202	£799,339.47
					Aggregated	£6.235	128,202	£799,339.47
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	20,625	£128,367.94
					Aggregated	£6.224	20,625	£128,367.94

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Peter Wong
2 - Reason for the notification
Position/status						Deputy Chairman and Chief Executive, 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
	2019-02-25			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition					Price	Volume	Total
						£6.24	263,343	£1,641,943.60
					Aggregated	£6.235	263,343	£1,641,943.60
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2019-02-25		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.22	14,424	£89,773.53
					Aggregated	£6.224	14,424	£89,773.53

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person					Jackson Tai
2 - Reason for the notification
Position/status					Non-executive Director
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
	2019-02-26		American Depositary Shares ("ADS"). Each ADS represents five HSBC Holdings plc ordinary shares of US$0.50 each.	GB0005405286	The New York Stock Exchange		USD - United States Dollar
	Nature of Transaction: Acquisition				Price	Volume	Total
					US$40.780	122	US$4,975.16
				Aggregated	US$40.78	122	US$4,975.16

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person					Jackson Tai
2 - Reason for the notification
Position/status					Trustee of JPT Pension Plan, person closely associated with Jackson Tai, Non-executive Director
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
	2019-02-26		American Depositary Shares ("ADS"). Each ADS represents five HSBC Holdings plc ordinary shares of US$0.50 each.	GB0005405286	The New York Stock Exchange		USD - United States Dollar
	Nature of Transaction: Acquisition				Price	Volume	Total
					US$40.780	1,966	US$80,173.48
				Aggregated	US$40.78	1,966	US$80,173.48

For any queries related to this notification, please contact: 

Larissa Wilson

Shareholder Services 

020 7991 0595

 

END

 

 

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