Director/PDMR Shareholding

RNS Number : 2672T

HSBC Holdings PLC

16 March 2023

 

HSBC HOLDINGS PLC

16 March 2023

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 14 March 2023, 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 £5.671041 per Share1
Noel Quinn	21,504	10,107

Other PDMRs

Name	Total number of Shares vested	Number of Shares sold at £5.671041 per Share1
Colin Bell	14,943	7,024
Pam Kaur	15,631	7,347
Stephen Moss	13,664	3,781
Barry O'Byrne	7,694	2,725
Ian Stuart	13,488	6,340

¹ Includes 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 Stephen Moss and Barry O'Byrne who are subject to a six-month retention period.

2.  Annual Incentive awards (Performance Year 2020)

Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2021 as a part of variable pay for the performance year ended 31 December 2020.

On 14 March 2023, tranches of the Awards granted in 2021 vested and the following transactions took place in London:

Name	Total number of Shares vested	Number of Shares sold at £5.671041 per Share1
David Liao	18,753	-
Stephen Moss	19,168	394
Michael Roberts	46,879	23,932
Surendra Rosha	23,395	3,510

¹ Includes 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 David Liao who is subject to a six-month retention period.

3.  Annual Incentive awards (Performance Year 2021)

Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2022 as a part of variable pay for the performance year ended 31 December 2021.

On 15 March 2023, the first tranche of the Awards granted in 2022 vested and the following transactions took place in London:

Name	Total number of Shares vested	Number of Shares sold at £5.60841 per Share1
David Liao	27,591	-
Stephen Moss	17,241	-
Michael Roberts	43,415	22,164
Surendra Rosha	27,591	-

¹ Includes 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.

For the purpose of the below disclosures, the value of the Awards which vested on 14 and 15 March 2023 has been calculated using the closing Share price on the London Stock Exchange on 10 March 2023 of £5.9260.

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	21,504	£127,432.70
					Aggregated	£5.926	21,504	£127,432.70
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	10,107	£57,317.21
					Aggregated	£5.671	10,107	£57,317.21

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	14,943	£88,552.22
					Aggregated	£5.926	14,943	£88,552.22
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	7,024	£39,833.39
					Aggregated	£5.671	7,024	£39,833.39

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	15,631	£92,629.31
					Aggregated	£5.926	15,631	£92,629.31
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	7,347	£41,665.14
					Aggregated	£5.671	7,347	£41,665.14

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
	2023-03-14		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
						£5.93	18,753	£111,130.28
					Aggregated	£5.926	18,753	£111,130.28
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-15		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
						£5.93	27,591	£163,504.27
					Aggregated	£5.926	27,591	£163,504.27

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 Türkiye
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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	32,832	£194,562.43
					Aggregated	£5.926	32,832	£194,562.43
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	4,175	£23,676.60
					Aggregated	£5.671	4,175	£23,676.60
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-15		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	17,241	£102,170.17
					Aggregated	£5.926	17,241	£102,170.17

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	7,694	£45,594.64
					Aggregated	£5.926	7,694	£45,594.64
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	2,725	£15,453.59
					Aggregated	£5.671	2,725	£15,453.59

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	46,879	£277,804.95
					Aggregated	£5.926	46,879	£277,804.95
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	23,932	£135,719.35
					Aggregated	£5.671	23,932	£135,719.35
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-15		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	43,415	£257,277.29
					Aggregated	£5.926	43,415	£257,277.29
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-15		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.61	22,164	£124,304.80
					Aggregated	£5.608	22,164	£124,304.80

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	23,395	£138,638.77
					Aggregated	£5.926	23,395	£138,638.77
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	3,510	£19,905.35
					Aggregated	£5.671	3,510	£19,905.35
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-15		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	27,591	£163,504.27
					Aggregated	£5.926	27,591	£163,504.27

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
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011					Price	Volume	Total
						£5.93	13,488	£79,929.89
					Aggregated	£5.926	13,488	£79,929.89
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2023-03-14		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.67	6,340	£35,954.40
					Aggregated	£5.671	6,340	£35,954.40

For any queries related to this notification, please contact:

Bayo Adeyeye

Corporate Governance & Secretariat

[phone]

 

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