HSBC (NYSE: HSBC) hands executives dividend-linked share awards

Rhea-AI Filing Summary

HSBC Holdings plc reported that several persons discharging managerial responsibilities received additional US$0.50 ordinary shares through the allotment of dividend equivalents under the HSBC Share Plan 2011, relating to the second interim dividend for 2026. The awards were made on 21 August 2026 at a price of £15.1928 per share, the average closing price over the five business days starting 13 August 2026.

Named executives received share awards including Group Chief Executive Georges Elhedery (3,525 shares), Group Chief Financial Officer Pam Kaur (2,060 shares) and Group Chief Risk and Compliance Officer Richard Blackburn (298 shares), along with other senior leaders in regional and functional roles. The disclosures are made in accordance with EU Market Abuse Regulation 596/2014.

Key Figures

Award price per Share: £15.1928 per share Shares awarded to Georges Elhedery: 3,525 shares Total value for Georges Elhedery: £53,554.62 +5 more

8 metrics

Award price per Share £15.1928 per share Average closing share price over five business days starting 13 August 2026

Shares awarded to Georges Elhedery 3,525 shares Dividend equivalents under the HSBC Share Plan 2011 on 21 August 2026

Total value for Georges Elhedery £53,554.62 Dividend-equivalent share award of 3,525 shares

Shares awarded to Pam Kaur 2,060 shares Dividend equivalents under the HSBC Share Plan 2011 on 21 August 2026

Total value for Pam Kaur £31,297.17 Dividend-equivalent share award of 2,060 shares

Shares awarded to Richard Blackburn 298 shares Dividend equivalents under the HSBC Share Plan 2011 on 21 August 2026

Total value for Richard Blackburn £4,527.45 Dividend-equivalent share award of 298 shares

Transaction date 2026-08-21 Date of PDMR dividend-equivalent share awards

Key Terms

dividend equivalents, PDMRs, EU Market Abuse Regulation 596/2014, HSBC Share Plan 2011

4 terms

dividend equivalents financial

"relates to the 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.

PDMRs regulatory

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

PDMRs are senior executives, directors or other people with significant decision-making authority whose buying or selling of a company’s shares must be reported under market rules. Investors watch PDMR disclosures because these trades can reveal how confident those running the company are in its prospects and because reporting helps prevent unfair advantage; think of it as noting the captain’s moves to gauge confidence in a ship’s course.

EU Market Abuse Regulation 596/2014 regulatory

"The following disclosures are made in accordance with the version of the EU Market Abuse Regulation 596/2014"

HSBC Share Plan 2011 financial

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

FAQ

What did HSBC (HSBC) announce in this Form 6-K about share awards?

HSBC announced that senior executives received additional US$0.50 ordinary shares as dividend equivalents under the HSBC Share Plan 2011, linked to the second interim dividend for 2026. The awards were granted on 21 August 2026 based on an average price of £15.1928 per share.

Which HSBC (HSBC) executives received the largest dividend-equivalent share awards?

The largest award disclosed was to Group Chief Executive Georges Elhedery, who received 3,525 shares. Group Chief Financial Officer Pam Kaur received 2,060 shares, and several other Group and regional executives received smaller awards ranging from 244 to 755 shares.

What share price was used for the HSBC (HSBC) dividend-equivalent awards?

The awards used a price per share of £15.1928, described as the average closing HSBC Holdings plc share price over the five business days starting on 13 August 2026. Transaction tables also show prices around £15.19–£15.193 per share for each executive.

How many HSBC (HSBC) shares did Georges Elhedery receive and what was the value?

Group Chief Executive Georges Elhedery received 3,525 ordinary shares as dividend equivalents under the HSBC Share Plan 2011. The transaction table shows a total value of £53,554.62, based on prices of approximately £15.19–£15.193 per share.

Under which plan were the HSBC (HSBC) dividend-equivalent shares awarded?

The dividend-equivalent shares were awarded under the HSBC Share Plan 2011. The nature of each transaction is described as “Dividend equivalents under the HSBC Share Plan 2011,” tied to the second interim dividend for 2026 and disclosed under EU Market Abuse Regulation 596/2014.

On which market were the HSBC (HSBC) PDMR share transactions recorded?

Each transaction summary states that the financial instrument is HSBC ordinary shares of US$0.50 each, with the place of transaction given as the London Stock Exchange, Main Market (XLON) and the currency as GBP – British Pound.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/25/2026 - 11:46 AM Accepted by SEC EDGAR 08/25/2026 - 11:46 AM Learn about SEC filing dates

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 August

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

25 August 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 second interim dividend for 2026. The awards took place on 21 August 2026 and the price per Share was £15.1928, being the average closing Share price of the five business days starting on 13 August 2026.

Name	Shares awarded
Richard Blackburn	298
Georges Elhedery	3,525
Pam Kaur	2,060
David Liao	431
Barry O'Byrne	478
Stuart Riley	755
Michael Roberts	715
Surendra Rosha	449
Suzanna White	244

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
	2026-08-21	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
				£15.19	3,525	£53,554.62
							Aggregated	£15.193	3,525	£53,554.62

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
	2026-08-21	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
				£15.19	2,060	£31,297.17
				£15.193	2,060	£31,297.17

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
	2026-08-21	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
				£15.19	298	£4,527.45
				£15.193	298	£4,527.45

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
	2026-08-21	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
				£15.19	431	£6,548.10
				£15.193	431	£6,548.10

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
	2026-08-21	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
				£15.19	478	£7,262.16
				£15.193	478	£7,262.16

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
	2026-08-21		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
					£15.19	755	£11,470.56
					£15.193	755	£11,470.56

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
	2026-08-21	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
				£15.19	715	£10,862.85
				£15.193	715	£10,862.85

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
	2026-08-21	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
				£15.19	449	£6,821.57
				£15.193	449	£6,821.57

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
	2026-08-21	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
				£15.19	244	£3,707.04
				£15.193	244	£3,707.04

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: 25 August 2026