HSBC (NYSE: HSBC) grants senior executives shares as 2026 dividend equivalents
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
HSBC Holdings plc reports that several senior executives received additional ordinary shares as dividend equivalents under the HSBC Share Plan 2011, linked to the first interim dividend for 2026. The awards were made on 22 May 2026 at a price of about £13.40 per share, based on the average closing price over five business days starting 14 May 2026.
Group Chief Executive Georges Elhedery was awarded 4,015 shares, while Group Chief Financial Officer Pam Kaur received 2,345 shares and Group Chief Risk and Compliance Officer Richard Blackburn received 337 shares. Other PDMRs, including regional and business line CEOs and group function heads, received smaller share awards, reflecting routine dividend-equivalent accruals rather than open-market trading.
Positive
- None.
Negative
- None.
Key Figures
Average award price: £13.3968 per share
Reference transaction price: £13.40 per share
Shares to Group CEO: 4,015 shares
+5 more
8 metrics
Average award price
£13.3968 per share
Average closing price over five business days starting 14 May 2026
Reference transaction price
£13.40 per share
Price used in individual PDMR transaction tables on 22 May 2026
Shares to Group CEO
4,015 shares
Dividend-equivalent award to Group Chief Executive Georges Elhedery
Value to Group CEO
£53,788.15
Dividend-equivalent award to Group Chief Executive at £13.40 per share
Shares to Group CFO
2,345 shares
Dividend-equivalent award to Group Chief Financial Officer Pam Kaur
Value to Group CFO
£31,415.50
Dividend-equivalent award to Group CFO at £13.40 per share
Shares to Richard Blackburn
337 shares
Dividend-equivalent award to Group Chief Risk and Compliance Officer
Shares to Stuart Riley
859 shares
Dividend-equivalent award to Group Chief Information Officer
Key Terms
Persons Discharging Managerial Responsibilities, dividend equivalents, HSBC Share Plan 2011, Market Abuse Regulation 596/2014, +1 more
5 terms
Persons Discharging Managerial Responsibilities regulatory
"Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")"
Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.
dividend equivalents financial
"additional Shares being added to PDMRs' share plan interests through the allotment of dividend equivalents"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Market Abuse Regulation 596/2014 regulatory
"The following disclosures are made in accordance with the version of the EU Market Abuse Regulation 596/2014."
Regulation 596/2014, known as the Market Abuse Regulation, is the European rulebook that bans insider trading and market manipulation and requires timely public disclosure of crucial company information. It matters to investors because it helps keep prices fair and trustworthy—like rules that stop players from cheating in a game—by forcing companies and insiders to be transparent and making unlawful trading easier to detect and punish.
Legal Entity Identifier regulatory
"Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39"
A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.
FAQ
What did HSBC (HSBC) disclose in this May 2026 6-K filing?
HSBC disclosed routine share awards to senior executives. They received additional ordinary shares as dividend equivalents under the HSBC Share Plan 2011, linked to the first interim dividend for 2026, at prices around £13.40 per share on 22 May 2026.