HSBC (NYSE: HSBC) logs PDMR awards and £1.39m CIO share sale

Rhea-AI Filing Summary

HSBC Holdings plc reported March 2026 share transactions by several senior executives. On 20 March 2026, additional ordinary shares of US$0.50 each were added to their share plan interests as dividend equivalents linked to the fourth interim dividend for 2025, at £11.9768 per share.

Awards included 19,815 shares for Group Chief Executive Georges Elhedery, 11,555 for Group Chief Financial Officer Pam Kaur, and 1,676 for Group Chief Risk and Compliance Officer Richard Blackburn. Separately, on 23 March 2026, Group Chief Information Officer Stuart Riley disposed of 117,653 shares in London at £11.840854 per share, totalling about £1.39 million.

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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 March

HSBC Holdings plc

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  

HSBC HOLDINGS PLC

24 March 2026

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

The following transactions of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company"), relates to the additional Shares being added to PDMRs' share plan interests through the allotment of dividend equivalents in relation to the fourth interim dividend for 2025. The awards took place on 20 March 2026 and the price per Share was £11.9768, being the average closing Share price of the five business days starting on 12 March 2026.

Name	Shares awarded
Richard Blackburn	1,676
Georges Elhedery	19,815
Pam Kaur	11,555
David Liao	2,420
Barry O'Byrne	2,681
Stuart Riley	4,231
Michael Roberts	4,029
Surendra Rosha	2,528
Suzanna White	1,372

On 23 March 2026, Stuart Riley sold 117,653 Shares in the Company. The Shares were sold in London at £11.840854 per Share.

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

2026-03-20

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound

Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011

Price

Volume

Total

£11.98

19,815

£237,320.29

Aggregated

£11.977

19,815

£237,320.29

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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	11,555	£138,391.92
				£11.977	11,555	£138,391.92

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person				Richard Blackburn
2 - Reason for the notification
Position/status				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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	1,676	£20,073.12
				£11.977	1,676	£20,073.12

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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,420	£28,983.86
				£11.977	2,420	£28,983.86

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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,681	£32,109.80
				£11.977	2,681	£32,109.80

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
	2026-03-20		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011				Price	Volume	Total
					£11.98	4,231	£50,673.84
					£11.977	4,231	£50,673.84
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-23		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£11.84	117,653	£1,393,112.00
				Aggregated	£11.841	117,653	£1,393,112.00

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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	4,029	£48,254.53
				£11.977	4,029	£48,254.53

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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,528	£30,277.35
				£11.977	2,528	£30,277.35

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
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	1,372	£16,432.17
				£11.977	1,372	£16,432.17

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

shareholderquestions@hsbc.com

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: Angela McEntee

Title: Group Company Secretary

Date: 24 March 2026

FAQ

What PDMR share awards did HSBC disclose in its March 2026 6-K?

HSBC disclosed dividend-equivalent share awards to several PDMRs on 20 March 2026. Awards included 19,815 shares for Group Chief Executive Georges Elhedery and 11,555 shares for Group Chief Financial Officer Pam Kaur, all priced at about £11.98 per share.

Which HSBC executives received dividend-equivalent shares and at what price?

Multiple HSBC PDMRs received additional shares as dividend equivalents on 20 March 2026. The awards were priced using an average closing price of £11.9768 per share over five business days starting 12 March 2026 on the London Stock Exchange.

Did any HSBC executive sell shares in March 2026 and in what amount?

Yes. Group Chief Information Officer Stuart Riley sold 117,653 HSBC shares on 23 March 2026. The shares were disposed of in London at £11.840854 per share, for an aggregated consideration disclosed as £1,393,112.00 under the EU Market Abuse Regulation framework.

What roles do the HSBC PDMRs involved in these transactions hold?

The transactions involve senior HSBC leaders, including Group Chief Executive Georges Elhedery, Group Chief Financial Officer Pam Kaur, Group Chief Risk and Compliance Officer Richard Blackburn, Co-Chief Executives for Asia and Middle East, and Group Chief Information and Operating Officers, reflecting broad participation in share plans.

How were the HSBC dividend-equivalent share awards for PDMRs determined?

The awards relate to additional ordinary shares added to PDMRs’ plan interests for the fourth interim dividend for 2025. The price per share was set at £11.9768, calculated as the average closing price over five business days starting 12 March 2026 in London.

Under which regulatory framework were these HSBC PDMR transactions disclosed?

The PDMR transactions were disclosed in line with Market Abuse Regulation requirements. The filing states that the detailed notifications are made in accordance with the version of EU Market Abuse Regulation 596/2014, covering both the awards and the subsequent disposal.