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

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


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 or visit www.rns.com.
 
END
 
 
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