Director/PDMR Shareholding

RNS Number : 4305D

HSBC Holdings PLC

02 March 2022

 

HSBC HOLDINGS PLC

2 March 2022

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

The following transactions in ordinary shares of US$0.50 each ("Shares") in HSBC Holdings plc (the "Company") took place on 28 February 2022:

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 2021. An LTI award is an award of Shares in the Company, with a three-year forward-looking performance period commencing on 1 January 2022 and ending on 31 December 2024.

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 2021. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2025. 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 25 February 2022 of £5.3800.

Directors 

Name	Shares awarded
Noel Quinn	983,339
Ewen Stevenson	573,674

Other PDMRs

Name	Shares awarded
Colin Bell	116,153
Georges Elhedery	223,989
Greg Guyett	220,363
John Hinshaw	192,088
Pam Kaur	168,077
David Liao	130,851
Nuno Matos	141,758
Stephen Moss	107,971
Barry O'Byrne	119,305
Michael Roberts	195,149
Surendra Rosha	130,851
Ian Stuart	114,052

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 2021 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 2021, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2021. 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 25 February 2022 of £5.3800.

(i)  Immediately vested awards

Directors

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £5.119823 per share	Net shares vested
Noel Quinn	147,769	69,452	78,317
Ewen Stevenson	90,892	42,720	48,172

Other PDMRs

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £5.119823 per share	Net shares vested
Colin Bell	60,523	28,446	32,077
Georges Elhedery	142,200	66,834	75,366
Greg Guyett	138,425	65,060	73,365
John Hinshaw	123,782	58,178	65,604
Pam Kaur	109,601	51,513	58,088
David Liao	79,368	11,906	67,462
Nuno Matos	82,062	27,351	54,711
Stephen Moss	49,595	5,687	43,908
Barry O'Byrne	67,436	21,977	45,459
Michael Roberts	124,887	63,755	61,132
Surendra Rosha	79,368	11,906	67,462
Ian Stuart	55,361	26,020	29,341

(ii)  Deferred awards

Awards vest in five equal annual tranches commencing in March 2025. Upon vesting, a one-year retention period applies.

Other PDMRs

Name	Shares awarded
Colin Bell	116,263
Georges Elhedery	273,163
Greg Guyett	265,911
John Hinshaw	237,783
Pam Kaur	210,542
David Liao 1	137,956
Nuno Matos	157,640
Stephen Moss 1	86,206
Barry O'Byrne	129,543
Michael Roberts 1	217,075
Surendra Rosha 1	137,956
Ian Stuart	106,348

¹ Awards vest in five equal annual tranches commencing in March 2023.

3.  UK Share Incentive Plan

Shares were acquired under the Company's UK Share Incentive Plan ("SIP") at £5.1140 per Share.

Other PDMRs

Name	Shares acquired
Ian Stuart	29

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	1,131,108	£6,085,361.04
					Aggregated	£5.38	1,131,108	£6,085,361.04
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	69,452	£355,581.95
					Aggregated	£5.12	69,452	£355,581.95

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Ewen Stevenson
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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	664,566	£3,575,365.08
					Aggregated	£5.38	664,566	£3,575,365.08
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	42,720	£218,718.84
					Aggregated	£5.12	42,720	£218,718.84

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	292,939	£1,576,011.82
					Aggregated	£5.38	292,939	£1,576,011.82
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	28,446	£145,638.49
					Aggregated	£5.12	28,446	£145,638.49

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Georges Elhedery
2 - Reason for the notification
Position/status						Co-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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	639,352	£3,439,713.76
					Aggregated	£5.38	639,352	£3,439,713.76
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	66,834	£342,178.25
					Aggregated	£5.12	66,834	£342,178.25

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Greg Guyett
2 - Reason for the notification
Position/status						Co-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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	624,699	£3,360,880.62
					Aggregated	£5.38	624,699	£3,360,880.62
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	65,060	£333,095.68
					Aggregated	£5.12	65,060	£333,095.68

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	553,653	£2,978,653.14
					Aggregated	£5.38	553,653	£2,978,653.14
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	58,178	£297,861.06
					Aggregated	£5.12	58,178	£297,861.06

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	488,220	£2,626,623.60
					Aggregated	£5.38	488,220	£2,626,623.60
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	51,513	£263,737.44
					Aggregated	£5.12	51,513	£263,737.44

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	348,175	£1,873,181.50
					Aggregated	£5.38	348,175	£1,873,181.50
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	11,906	£60,956.61
					Aggregated	£5.12	11,906	£60,956.61

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	381,460	£2,052,254.80
					Aggregated	£5.38	381,460	£2,052,254.80
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	27,351	£140,032.28
					Aggregated	£5.12	27,351	£140,032.28

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
	2022-02-28		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011				Price	Volume	Total
					£5.38	243,772	£1,311,493.36
				Aggregated	£5.38	243,772	£1,311,493.36
	Date of Transaction	Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28	Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.12	5,687	£29,116.43
				Aggregated	£5.12	5,687	£29,116.43

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	316,284	£1,701,607.92
					Aggregated	£5.38	316,284	£1,701,607.92
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	21,977	£112,518.35
					Aggregated	£5.12	21,977	£112,518.35

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	537,111	£2,889,657.18
					Aggregated	£5.38	537,111	£2,889,657.18
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	63,755	£326,414.32
					Aggregated	£5.12	63,755	£326,414.32

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	348,175	£1,873,181.50
					Aggregated	£5.38	348,175	£1,873,181.50
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	11,906	£60,956.61
					Aggregated	£5.12	11,906	£60,956.61

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
	2022-02-28			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisitions under the HSBC Share Plan 2011					Price	Volume	Total
						£5.38	275,761	£1,483,594.18
					Aggregated	£5.38	275,761	£1,483,594.18
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the UK Share Incentive Plan					Price	Volume	Total
						£5.11	29	£148.31
					Aggregated	£5.114	29	£148.31
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2022-02-28		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.12	26,020	£133,217.79
					Aggregated	£5.12	26,020	£133,217.79

For any queries related to this notification, please contact:  

Bayo Adeyeye

Corporate Governance & Secretariat

[phone]

 

END

 

 

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