Director/PDMR Shareholding

RNS Number : 5266R

HSBC Holdings PLC

01 March 2023

 

HSBC HOLDINGS PLC

1 March 2023

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 27 February 2023.

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 1 March 2023 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 2022. An LTI award is an award of Shares in the Company, with a three-year forward-looking performance period commencing on 1 January 2023 and ending on 31 December 2025.

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 2022. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2026. 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 24 February 2023 of £6.3570.

Executive Directors 

Name	Shares awarded
Noel Quinn	861,422
Georges Elhedery	251,474

Other PDMRs

Name	Shares awarded
Colin Bell	99,124
Greg Guyett	182,434
John Hinshaw	167,091
Pam Kaur	146,393
David Liao	120,400
Nuno Matos	146,985
Stephen Moss	100,070
Barry O'Byrne	121,138
Michael Roberts	204,252
Surendra Rosha	120,400
Ian Stuart	103,301

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 2022 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 2022, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2022. 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 24 February 2023 of £6.3570.

(i)  Immediately vested awards

Executive Directors

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £6.327711 per share	Net shares vested
Noel Quinn	170,206	79,997	90,209
Georges Elhedery	112,568	52,907	59,661

Other PDMRs

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £6.327711 per share	Net shares vested
Colin Bell	67,529	31,739	35,790
Greg Guyett	130,047	61,123	68,924
John Hinshaw	127,652	59,997	67,655
Pam Kaur	110,458	51,916	58,542
David Liao	90,743	13,612	77,131
Nuno Matos	114,436	17,166	97,270
Stephen Moss	60,534	N/A 1	60,534
Barry O'Byrne	91,710	13,757	77,953
Michael Roberts	162,788	83,104	79,684
Surendra Rosha	90,743	13,612	77,131
Ian Stuart	70,012	32,906	37,106

¹ Awards vesting in the local jurisdiction of employment are not subject Income Tax and Social Security liabilities.

(ii)  Deferred awards

Awards vest in five equal annual tranches commencing in March 2026. Upon vesting, a one-year retention period applies.

Other PDMRs

Name	Shares awarded
Colin Bell	30,628
Greg Guyett	67,443
John Hinshaw	78,182
Pam Kaur	65,843
David Liao 1	48,818
Nuno Matos	72,894
Stephen Moss 1	14,695
Barry O'Byrne	55,076
Michael Roberts 1	98,200
Surendra Rosha 1	48,818
Ian Stuart	31,223

¹ Awards vest in five equal annual tranches commencing in March 2024.

3.  UK Share Incentive Plan

Shares were acquired under the Company's UK Share Incentive Plan ("SIP") at £6.3270 per Share.

Other PDMRs

Name	Shares acquired
Ian Stuart	24

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
	2023-02-27			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
						£6.36	1,031,628	£6,558,059.20
					Aggregated	£6.357	1,031,628	£6,558,059.20
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	79,997	£506,197.90
					Aggregated	£6.328	79,997	£506,197.90

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
	2023-02-27			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
						£6.36	364,042	£2,314,214.99
					Aggregated	£6.357	364,042	£2,314,214.99
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	52,907	£334,780.21
					Aggregated	£6.328	52,907	£334,780.21

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
	2023-02-27			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
						£6.36	197,281	£1,254,115.32
					Aggregated	£6.357	197,281	£1,254,115.32
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	31,739	£200,835.22
					Aggregated	£6.328	31,739	£200,835.22

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
	2023-02-27			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
						£6.36	379,924	£2,415,176.87
					Aggregated	£6.357	379,924	£2,415,176.87
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	61,123	£386,768.68
					Aggregated	£6.328	61,123	£386,768.68

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
	2023-02-27			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
						£6.36	372,925	£2,370,684.22
					Aggregated	£6.357	372,925	£2,370,684.22
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	59,997	£379,643.68
					Aggregated	£6.328	59,997	£379,643.68

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
	2023-02-27			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
						£6.36	322,694	£2,051,365.76
					Aggregated	£6.357	322,694	£2,051,365.76
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	51,916	£328,509.44
					Aggregated	£6.328	51,916	£328,509.44

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
	2023-02-27			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
						£6.36	259,961	£1,652,572.08
					Aggregated	£6.357	259,961	£1,652,572.08
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	13,612	£86,132.80
					Aggregated	£6.328	13,612	£86,132.80

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
	2023-02-27			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
						£6.36	334,315	£2,125,240.46
					Aggregated	£6.357	334,315	£2,125,240.46
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	17,166	£108,621.49
					Aggregated	£6.328	17,166	£108,621.49

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
	2023-02-27	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
				£6.36	175,299	£1,114,375.74
			Aggregated	£6.357	175,299	£1,114,375.74

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
	2023-02-27			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
						£6.36	267,924	£1,703,192.87
					Aggregated	£6.357	267,924	£1,703,192.87
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	13,757	£87,050.32
					Aggregated	£6.328	13,757	£87,050.32

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
	2023-02-27			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
						£6.36	465,240	£2,957,530.68
					Aggregated	£6.357	465,240	£2,957,530.68
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	83,104	£525,858.09
					Aggregated	£6.328	83,104	£525,858.09

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
	2023-02-27			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
						£6.36	259,961	£1,652,572.08
					Aggregated	£6.357	259,961	£1,652,572.08
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	13,612	£86,132.80
					Aggregated	£6.328	13,612	£86,132.80

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
	2023-02-27			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
						£6.36	204,536	£1,300,235.35
					Aggregated	£6.357	204,536	£1,300,235.35
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		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
						£6.33	24	£151.85
					Aggregated	£6.327	24	£151.85
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-02-27		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£6.33	32,906	£208,219.66
					Aggregated	£6.328	32,906	£208,219.66

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

[phone]

 

END

 

 

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