STOCK TITAN

HSBC awards 321,679.22 shares to employees; plan limit noted

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

HSBC Holdings plc announced the grant of conditional awards under its International Employee Share Purchase Plan on 9 October 2025, covering a total of 321,679.21759 ordinary shares. The awards split into 161,206.61948 LSE-listed shares and 160,472.59811 HKSE-listed shares. The grant table lists price-related figures of GBP 10.086 and HKD 104.00 and a two-year term. Because the plan is all-employee, these Awards carry no performance conditions or clawback provisions. The Plan is subject to a shareholder-approved 10% issuance limit; 976,861,180 shares remain available under that cap when aggregated with prior awards.

Positive

  • Broad employee participation via an all-employee International Employee Share Purchase Plan supports retention
  • Relatively small grant size versus the Plan cap (976,861,180 shares available), implying limited near-term dilution

Negative

  • No performance conditions or clawback on these Awards could weaken pay-for-performance linkage for awarded shares

Insights

Employee awards expand share-based pay broadly without performance hurdles.

The awards cover 321,679.21759 shares and are distributed across LSE and HKSE listings, reflecting a global all-employee issuance approach. The absence of performance conditions or clawback is consistent with broad-based purchase plans but differs from executive incentive structures that typically include performance-linked vesting.

This design supports retention and employee alignment but reduces direct pay-for-performance linkage; monitor whether future disclosures adjust governance features or disclose aggregate dilution relative to share capital within the next 12 months.

The grant is small relative to the Plan cap but increases committed shares.

The Plan limit is 10% of issued ordinary capital, with 976,861,180 shares currently available to issue under that cap. The newly committed 321,679.21759 shares represent a minute fraction of the remaining availability, implying negligible near-term dilution pressure on outstanding share capital.

Investors may check periodic disclosures for cumulative awards issued under the Plan to track longer-term dilution trends over the next 1–3 years.

FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of October
 
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F X         Form 40-F  
 

The following is the text of an announcement released to The Stock Exchange of Hong Kong Limited on 10 October 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:
 
 
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.
 
10 October 2025
(Hong Kong Stock Code: 5)
 
 
HSBC HOLDINGS PLC
 
GRANT OF CONDITIONAL AWARDS
 
 
This announcement is made 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.
 
On 9 October 2025, HSBC Holdings plc (the "Company") granted conditional awards ("Awards") to employees to subscribe for a total of 321,679.21759 ordinary shares of US$0.50 each of the Company under the HSBC International Employee Share Purchase Plan (the "Plan").
 
The following are the details of the grants:
 
Grant date
 
9 October 2025
 
Category of grantee
 
Employees
 
Number of shares under Awards
 
   161,206.61948 LSE listed shares
   160,472.59811 HKSE listed shares
Closing market price of the ordinary shares on the London Stock Exchange and the Hong Kong Stock Exchange on the date of grant
 
   GBP 10.086
   HKD 104.00
 
Purchase price of Awards granted
 
   GBP 0
 
Vesting period of the Awards
 
2 years
 
Performance Targets and Clawback
 
Grants of Awards under the Plan do not have performance conditions or clawback provisions due to the all-employee nature of the Plan
 
Arrangements for the Company or a subsidiary to provide financial assistance to the grantees
 
None
 
Number of shares available for future grant under the plan mandate
 
The Plan is subject to a limit on the number of Shares committed to be issued under all Plan Awards:
10% of the ordinary share capital of the Company in issue immediately before that day, when added to the number of Shares which have been issued, or committed to be issued, to satisfy Awards under the Plan, or options or awards under any other employee share plan operated by the Company granted in the previous 10 years. The number of Shares available to issue under this limit is 976,861,180.
 
 
For and on behalf of
HSBC Holdings plc
 
Aileen Taylor
Company Secretary
 
The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises:
Brendan Robert Nelson*, Georges Bahjat Elhedery, Geraldine Joyce Buckingham, Rachel Duan, Dame Carolyn Julie Fairbairn, James Anthony Forese, Ann Frances Godbehere, Steven Craig Guggenheimer, Manveen (Pam) Kaur, Dr José Antonio Meade Kuribreña, Kalpana Jaisingh Morparia, Eileen K Murray and Swee Lian Teo.
 
*  Independent non-executive Chair
†  Independent non-executive Director
 
HSBC Holdings plc
Registered Office and Group Head Office:
8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com
Incorporated in England and Wales with limited liability. Registration number 617987
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
HSBC Holdings plc
 
 
 
By:
 
Name: Aileen Taylor
 
Title: Group Company Secretary and Chief Governance Officer
 
 
 
Date: 10 October 2025

FAQ

What did HSBC (HBCYF) grant on 9 October 2025?

HSBC granted conditional awards to employees to subscribe for a total of 321,679.21759 ordinary shares, split between LSE and HKSE listings.

Are the awards subject to performance conditions or clawbacks?

No. The Awards under this all-employee Plan do not have performance conditions or clawback provisions.

What price figures are shown for the grants?

The grant details list GBP 10.086 and HKD 104.00 alongside the share allocations.

How long is the stated term for these Awards?

The table indicates a two-year term for the Awards.

How much capacity remains under the employee plan limit?

The Plan is subject to a 10% issuance limit; 976,861,180 shares were available to issue under that cap after accounting for prior commitments.
Hsbc Holdings

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