RNS Number : 6522Z
HSBC Holdings PLC
06 March 2025
 


HSBC HOLDINGS PLC

 

6 March 2025

 

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 4 March 2025.

 

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 6 March 2025 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 PDMRs named below, as part of variable pay for the performance year ended 31 December 2024. An LTI award is an award of Shares in the Company, with a three-year forward-looking performance period commencing on 1 January 2025 and ending on 31 December 2027.

 

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 2024. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2028. Upon each vesting, a one-year retention period applies.

 

The LTI awards were made in London and are based upon the average closing Share price on the London Stock Exchange on the five days starting 24 February 2025 which is £9.0700.

Other PDMRs

Name

Shares awarded

David Liao

86,496

Barry O'Byrne

98,304

Stuart Riley

159,586

Michael Roberts

166,455

Surendra Rosha

89,395

Ian Stuart

86,532

Suzanna White

48,346

 

 

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 2024 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 2024, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2024. Upon vesting, a one-year retention period applies.

 

Awards were made in London and are based upon the average closing Share price on the London Stock Exchange on the five days starting on 24 February 2025 which is £9.0700.

 

 

(i)       Immediately vested awards

Executive Directors

Name

Shares awarded

Shares sold in respect of Income Tax and Social Security liabilities at £9.255108 per share

Net shares vested

Georges Elhedery

92,447

43,451

48,996

Pam Kaur

186,052

87,445

98,607

Other PDMRs

Name

Shares awarded

Shares sold in respect of Income Tax and Social Security liabilities at £9.255108 per share

Net shares vested

Richard Blackburn1

25,909

12,178

13,731

David Liao

60,300

9,648

50,652

Barry O'Byrne

73,491

11,759

61,732

Stuart Riley

122,381

57,520

64,861

Michael Roberts

128,841

65,774

63,067

Surendra Rosha

63,524

10,164

53,360

Ian Stuart

58,653

27,567

31,086

Suzanna White

38,072

16,866

21,206

1Upon vesting, a 6-month retention period applies.

(ii)      Deferred awards

Awards vest in five equal annual tranches commencing in March 2028. Upon vesting, a one-year retention period applies.

Other PDMRs

Name

Shares awarded

Richard Blackburn1,2

47,040

David Liao1

33,533

Barry O'Byrne

53,658

Stuart Riley

93,471

Michael Roberts1

87,767

Surendra Rosha1

36,841

Ian Stuart

34,750

Suzanna White1

26,673

1Awards vest in five equal annual tranches commencing in March 2026.

2Upon vesting, a 6-month retention period applies.

 

 

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

Georges Elhedery


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

92,447

£838,494.29


 

Aggregated

£9.070

92,447

£838,494.29

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

43,451

£402,143.70


 

Aggregated

£9.255

43,451

£402,143.70

 


 

 

 

 

 

 


 

 

 

 

 

 











 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Pam Kaur


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

186,052

£1,687,491.64


 

Aggregated

£9.070

186,052

£1,687,491.64

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

87,445

£809,312.92


 

Aggregated

£9.255

87,445

£809,312.92

 


 

 

 

 

 

 


 

 

 

 

 

 











 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Richard Blackburn


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

72,949

£661,647.43


 

Aggregated

£9.070

72,949

£661,647.43

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

12,178

£112,708.71


 

Aggregated

£9.255

12,178

£112,708.71

 


 

 

 

 

 

 


 

 

 

 

 

 











 

 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

David Liao


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 

£9.07

180,329

£1,635,584.03


 

Aggregated

£9.070

180,329

£1,635,584.03

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

9,648

£89,293.28


 

Aggregated

£9.255

9,648

£89,293.28

 


 

 

 

 

 

 


 

 

 

 

 

 












 

 

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


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

225,453

£2,044,858.71


 

Aggregated

£9.070

225,453

£2,044,858.71

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

11,759

£108,830.81


 

Aggregated

£9.255

11,759

£108,830.81

 


 

 

 

 

 

 


 

 

 

 

 

 











 

 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Stuart Riley


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

375,438

£3,405,222.66


 

Aggregated

£9.070

375,438

£3,405,222.66

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

57,520

£532,353.81


 

Aggregated

£9.255

57,520

£532,353.81

 


 

 

 

 

 

 


 

 

 

 

 

 











 

 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Michael Roberts


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

383,063

£3,474,381.41


 

Aggregated

£9.070

383,063

£3,474,381.41

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

65,774

£608,745.47


 

Aggregated

£9.255

65,774

£608,745.47

 


 

 

 

 

 

 


 

 

 

 

 

 











 

 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Surendra Rosha


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

189,760

£1,721,123.20


 

Aggregated

£9.070

189,760

£1,721,123.20

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

10,164

£94,068.92


 

Aggregated

£9.255

10,164

£94,068.92

 


 

 

 

 

 

 


 

 

 

 

 

 











 

 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Ian Stuart


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

179,935

£1,632,010.45


 

Aggregated

£9.070

179,935

£1,632,010.45

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

27,567

£255,135.56


 

Aggregated

£9.255

27,567

£255,135.56

 


 

 

 

 

 

 


 

 

 

 

 

 











 

 

1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

Suzanna White


 

 

 

2 - Reason for the notification

 

Position/status


Initial notification/amendment

 

 


3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

Full name of the entity

 

Legal Entity Identifier code

 


4 - Details of the transaction(s)

 

Transaction(s) summary table


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

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

 

 

 


£9.07

113,091

£1,025,735.37


 

Aggregated

£9.070

113,091

£1,025,735.37

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-04

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£9.26

16,866

£156,096.65


 

Aggregated

£9.255

16,866

£156,096.65

 


 

 

 

 

 

 


 

 

 

 

 

 











 

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

shareholderquestions@hsbc.com

 

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