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
|
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
|
|
|
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
|
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
|
|
|
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
|
Interim 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
|
|
|
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
|
Co-Chief Executive, Asia and Middle
East
|
|
|
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
|
|
|
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
|
CEO, International Wealth and Premier
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
|
|
|
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
|
Group Chief Information
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
|
|
|
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
|
CEO, HSBC Bank plc and CEO, Corporate
and Institutional 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
|
|
|
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
|
Co-Chief Executive, Asia and Middle
East
|
|
|
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
|
|
|
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
|
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
|
|
|
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
|
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
|
|
|
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