HSBC (NYSE: HSBC) details 2026 executive share vestings and sales
Filing Impact
Filing Sentiment
Form Type
6-K
HSBC Holdings plc reported that multiple deferred, long-term incentive and buyout share awards to senior executives vested on 10 March 2026, with related transactions on the London Stock Exchange. The awards relate to performance years 2018 to 2022 and long-term plans covering 2022–2024 and 2023–2025.
Shares were valued using the 9 March 2026 closing price of £12.51, and some were sold on 10–11 March at a volume-weighted average price of about £12.80 mainly to cover withholding tax. Group Chief Executive Georges Elhedery had 201,593 shares vest and disposed of 94,749 shares. Group Chief Financial Officer Pam Kaur had 174,395 shares vest and disposed of 81,967 shares.
Several other PDMRs, including the Group Chief Operating Officer and regional and business line heads, also saw awards vest, portions lapse based on performance outcomes, and some shares sold. Key executives are required to retain vested shares net of tax for 12 months from each original vesting date.
Positive
- None.
Negative
- None.
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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
12 March 2026
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
Deferred awards (the "Awards"), Long Term Incentive awards (the
"LTI Awards") and Buyout awards in
ordinary shares of US$0.50 each (the "Shares") in HSBC Holdings plc
(the "Company") vested on 10 March 2026.
Shares were sold to cover withholding tax over 10 and 11 March 2026
at a volume weighted average price of £12.796142.
1. Annual Incentive awards (Performance Year
2018)
Awards of Shares in the Company were granted in 2019 as a part of
variable pay for the performance year ended 31 December
2018.
On 10 March 2026, tranches of the Awards granted in 2019 vested and
the following transactions took place in London:
|
Name
|
Total number of Shares vested
|
Number of Shares sold
|
|
Pam Kaur
|
18,655
|
8,768
|
Pam Kaur is required to retain a number of Shares equivalent in
value to those that vested under the Awards (net of tax
liabilities) for twelve months from the original vesting
date.
2. Annual Incentive awards (Performance Year
2019)
Awards of Shares in the Company were granted in 2020 as a part of
variable pay for the performance year ended 31 December
2019.
On 10 March 2026, tranches of the Awards granted in 2020 vested and
the following transactions took place in London:
|
Name
|
Total number of Shares vested
|
Number of Shares sold
|
|
Georges Elhedery
|
29,532
|
13,881
|
|
Pam Kaur
|
19,635
|
9,229
|
|
Barry O'Byrne
|
15,152
|
1,698
|
Georges Elhedery and Pam Kaur are required to retain a number of
Shares equivalent in value to those that vested under the Awards
(net of tax liabilities) for twelve months from the original
vesting date.
3. Annual Incentive awards (Performance Year
2020)
Awards of Shares in the Company were granted in 2021 as a part of
variable pay for the performance year ended 31 December
2020.
On 10 March 2026, tranches of the Awards granted in 2021 vested and
the following transactions took place in London:
|
Name
|
Total number of Shares vested
|
Number of Shares sold
|
|
Georges Elhedery
|
61,104
|
28,718
|
|
Pam Kaur
|
42,388
|
19,922
|
|
Richard Blackburn
|
11,800
|
5,546
|
|
David Liao
|
18,753
|
-
|
|
Barry O'Byrne
|
27,714
|
1,099
|
|
Michael Roberts
|
46,879
|
23,932
|
|
Suzanna White
|
8,792
|
3,944
|
Georges Elhedery and Pam Kaur are required to retain a number
of Shares equivalent in value to those that vested under the Awards
(net of tax liabilities) for twelve months from the original
vesting date.
4. Annual Incentive awards (Performance Year
2021)
Awards of Shares in the Company were granted in 2022 as a part of
variable pay for the performance year ended 31 December
2021.
On 10 March 2026, tranches of the Awards granted in 2022 vested and
the following transactions took place in London:
|
Name
|
Total number of Shares vested
|
Number of Shares sold
|
|
Georges Elhedery
|
54,632
|
25,677
|
|
Pam Kaur
|
42,108
|
19,791
|
|
Richard Blackburn
|
11,711
|
5,505
|
|
David Liao
|
27,591
|
-
|
|
Barry O'Byrne
|
25,908
|
-
|
|
Michael Roberts
|
43,415
|
22,164
|
|
Surendra Rosha
|
27,591
|
4,415
|
|
Suzanna White
|
12,542
|
5,643
|
Georges Elhedery, Pam Kaur and Surendra Rosha are required to
retain a number of Shares equivalent in value to those that vested
under the Awards (net of tax liabilities) for twelve months from
the original vesting date.
5. Annual Incentive awards (Performance Year
2022)
Awards of Shares in the Company were granted in 2023 as a part of
variable pay for the performance year ended 31 December
2022.
On 10 March 2026, tranches of the Awards granted in 2023 vested and
the following transactions took place in London:
|
Name
|
Total number of Shares vested
|
Number of Shares sold
|
|
Pam Kaur
|
13,168
|
6,189
|
|
Richard Blackburn
|
10,245
|
4,815
|
|
David Liao
|
9,763
|
-
|
|
Barry O'Byrne
|
11,015
|
-
|
|
Michael Roberts
|
19,640
|
10,026
|
|
Surendra Rosha
|
9,763
|
1,562
|
|
Suzanna White
|
12,743
|
5,761
|
Pam Kaur and Surendra Rosha are required to retain a number of
Shares equivalent in value to those that vested under the Awards
(net of tax liabilities) for twelve months from the original
vesting date.
6. Long Term Incentive awards (2022 to 2024 performance
period)
LTI Awards were granted in 2022, with a three-year forward-looking
performance period commencing on 1 January 2022 and ending on 31
December 2024. The performance outcome of 75% was determined based
on an assessment by the Group Remuneration Committee of performance
against financial and non-financial measures, as detailed in the
Directors' Remuneration Report in the Annual Report and Accounts
2024. Shares vest in five equal annual instalments which commenced
from March 2025. Georges
Elhedery, Pam Kaur and Surendra Rosha are required to retain a
number of Shares equivalent in value to those that vested under the
LTI Awards (net of tax liabilities) for twelve months from the
original vesting date. Tranches
of the LTI Awards granted in 2022 vested and the following
transactions took place in London:
|
Name
|
LTI Award lapsed
|
Total number of Shares vested
|
Number of Shares sold
|
|
Georges Elhedery
|
44,798
|
33,597
|
15,791
|
|
Pam Kaur
|
33,616
|
25,211
|
11,850
|
|
David Liao
|
26,170
|
19,627
|
-
|
|
Barry O'Byrne
|
23,861
|
17,895
|
-
|
|
Michael Roberts
|
39,030
|
29,271
|
14,943
|
|
Surendra Rosha
|
26,170
|
19,627
|
3,141
|
7. Long Term Incentive awards (2023 to 2025 performance
period)
LTI Awards were granted in 2023, with a three-year forward-looking
performance period commencing on 1 January 2023 and ending on 31
December 2025. The performance outcome of 45.19% was determined
based on an assessment by the Group Remuneration Committee of
performance against financial and non-financial measures, as
detailed in the Directors' Remuneration Report in the Annual Report
and Accounts 2025. Shares will vest in five equal annual
instalments from March 2026. Georges
Elhedery, Pam Kaur and Surendra Rosha are required to retain a
number of Shares equivalent in value to those that vested under the
LTI Awards (net of tax liabilities) for twelve months from the
original vesting. Tranches
of the LTI Awards granted in 2023 vested and the following
transactions took place in London:
|
Name
|
LTI Award lapsed
|
Total number of Shares vested
|
Number of Shares sold
|
|
Georges Elhedery
|
137,833
|
22,728
|
10,682
|
|
Pam Kaur
|
80,239
|
13,230
|
6,218
|
|
David Liao
|
65,992
|
10,881
|
-
|
|
Barry O'Byrne
|
66,396
|
10,948
|
-
|
|
Michael Roberts
|
111,951
|
18,460
|
9,424
|
|
Surendra Rosha
|
65,992
|
10,881
|
1,741
|
8. Buyout
Awards
Buyout awards of Shares that were granted to Stuart Riley on 8 May
2024, as a result of his HSBC appointment, vested. The following
transactions took place in London:
|
Name
|
Total number of Shares vested
|
Number of Shares sold
|
|
Stuart Riley1
|
254,677
|
119,699
|
1 The
third tranche of the 8 May 2024 Buyout Award. A six-month retention
period will apply.
For the purpose of the below disclosures, the value of the awards
which vested on 10 March 2026 has been calculated using the closing
Share price of the Company on the London Stock Exchange on 9 March
2026 of £12.51.
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
201,593
|
£2,521,928.43
|
|
|||||
|
Aggregated
|
£12.51
|
201,593
|
£2,521,928.43
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Lapse of Long Term Incentive awards
|
|
Price
|
Volume
|
Total
|
|
||
|
£0
|
182,631
|
£0
|
|
|||||
|
Aggregated
|
£0
|
182,631
|
£0
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
94,749
|
£1,212,421.66
|
|
|||||
|
Aggregated
|
£12.796
|
94,749
|
£1,212,421.66
|
|
||||
|
|
|
|
|
|
|
|
||
|
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
|
|
£12.51
|
174,395
|
£2,181,681.45
|
|
|||
|
|
Aggregated
|
£12.51
|
174,395
|
£2,181,681.45
|
|
|||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Lapse of Long Term Incentive awards
|
|
Price
|
Volume
|
Total
|
|
||
|
£0
|
113,855
|
£0
|
|
|||||
|
Aggregated
|
£0
|
113,855
|
£0
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
81,967
|
£1,048,861.37
|
|
|||||
|
Aggregated
|
£12.796
|
81,967
|
£1,048,861.37
|
|
||||
|
|
|
|
|
|
|
|
||
|
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
33,756
|
£422,287.56
|
|
|||||
|
Aggregated
|
£12.51
|
33,756
|
£422,287.56
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
15,866
|
£203,023.59
|
|
|||||
|
Aggregated
|
£12.796
|
15,866
|
£203,023.59
|
|
||||
|
|
|
|
|
|
|
|
||
|
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
86,615
|
£1,083,553.65
|
|
|||||
|
Aggregated
|
£12.51
|
86,615
|
£1,083,553.65
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Lapse of Long Term Incentive awards
|
|
Price
|
Volume
|
Total
|
|
||
|
£0
|
92,162
|
£0
|
|
|||||
|
Aggregated
|
£0
|
92,162
|
£0
|
|
||||
|
|
|
|
|
|
|
|
||
|
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
|
Chief Executive, 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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
108,632
|
£1,358,986.32
|
|
|||||
|
Aggregated
|
£12.51
|
108,632
|
£1,358,986.32
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Lapse of Long Term Incentive awards
|
|
Price
|
Volume
|
Total
|
|
||
|
£0
|
90,257
|
£0
|
|
|||||
|
Aggregated
|
£0
|
90,257
|
£0
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
2,797
|
£35,790.81
|
|
|||||
|
Aggregated
|
£12.796
|
2,797
|
£35,790.81
|
|
||||
|
|
|
|
|
|
|
|
||
|
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
254,677
|
£3,186,009.27
|
|
|||||
|
Aggregated
|
£12.51
|
254,677
|
£3,186,009.27
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
119,699
|
£1,531,685.40
|
|
|||||
|
Aggregated
|
£12.796
|
119,699
|
£1,531,685.40
|
|
||||
|
|
|
|
|
|
|
|
||
|
1 - Details of the person discharging managerial responsibilities /
person closely associated
|
|||||||||
|
|
|||||||||
|
Name of natural person
|
Michael Roberts
|
|
|||||||
|
|
|
|
|||||||
|
2 - Reason for the notification
|
|||||||||
|
|
|||||||||
|
Position/status
|
Chief Executive, HSBC Bank plc and 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
|
|
|||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
|||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
|||
|
|
|
£12.51
|
157,665
|
£1,972,389.15
|
|
||||
|
|
Aggregated
|
£12.51
|
157,665
|
£1,972,389.15
|
|
||||
|
|
|
|
|
|
|
|
|||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
|||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
|||
|
|
Nature of Transaction:
Lapse of Long Term Incentive awards
|
|
Price
|
Volume
|
Total
|
|
|||
|
£0
|
150,981
|
£0
|
|
||||||
|
Aggregated
|
£0
|
150,981
|
£0
|
|
|||||
|
|
|
|
|
|
|
|
|||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
|||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
|||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
|||
|
£12.80
|
80,489
|
£1,029,948.67
|
|
||||||
|
Aggregated
|
£12.796
|
80,489
|
£1,029,948.67
|
|
|||||
|
|
|
|
|
|
|
|
|||
|
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
67,862
|
£848,953.62
|
|
|||||
|
Aggregated
|
£12.51
|
67,862
|
£848,953.62
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Lapse of Long Term Incentive awards
|
|
Price
|
Volume
|
Total
|
|
||
|
£0
|
92,162
|
£0
|
|
|||||
|
Aggregated
|
£0
|
92,162
|
£0
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
10,859
|
£138,953.31
|
|
|||||
|
Aggregated
|
£12.796
|
10,859
|
£138,953.31
|
|
||||
|
|
|
|
|
|
|
|
||
|
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
|
|
||
|
|
2026-03-10
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Vestings under the HSBC Share Plan 2011
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.51
|
34,077
|
£426,303.27
|
|
|||||
|
Aggregated
|
£12.51
|
34,077
|
£426,303.27
|
|
||||
|
|
|
|
|
|
|
|
||
|
|
Date of Transaction
|
Financial Instrument
|
Identification Code
|
Place of Transaction
|
Currency
|
|
||
|
|
2026-03-11
|
Ordinary shares of US$0.50 each
|
GB0005405286
|
London Stock Exchange, Main Market (XLON)
|
GBP - British Pound
|
|
||
|
|
Nature of Transaction:
Disposal
|
|
Price
|
Volume
|
Total
|
|
||
|
£12.80
|
15,348
|
£196,395.19
|
|
|||||
|
Aggregated
|
£12.796
|
15,348
|
£196,395.19
|
|
||||
|
|
|
|
|
|
|
|
||
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:
12 March 2026
|
FAQ
What did HSBC (HSBC) disclose in its March 2026 Form 6-K about executive share awards?
HSBC disclosed that deferred, long-term incentive and buyout share awards for senior executives vested on 10 March 2026. Related vesting, lapses and disposals on the London Stock Exchange were reported, including retention requirements for certain executives and performance-based outcomes for long-term incentive plans.
How many HSBC shares vested and were sold for Group Chief Executive Georges Elhedery?
Georges Elhedery had 201,593 HSBC shares vest on 10 March 2026 under the HSBC Share Plan 2011. He subsequently disposed of 94,749 ordinary shares on 11 March 2026 at an aggregate price of about £12.796 per share, with total proceeds reported as £1,212,421.66.
What transactions did HSBC CFO Pam Kaur report in the March 2026 filing?
Pam Kaur reported vesting of 174,395 HSBC shares on 10 March 2026 and a lapse of 113,855 long-term incentive awards at zero value. On 11 March 2026 she disposed of 81,967 shares at an aggregated price of about £12.796 per share, with total proceeds of £1,048,861.37.
How were HSBC’s long-term incentive awards for 2022–2024 and 2023–2025 performance periods settled?
HSBC stated that 2022 grants had a performance outcome of 75%, with shares vesting in five annual instalments from March 2025. 2023 grants had a 45.19% outcome, vesting in five annual instalments from March 2026, with both vestings and lapses disclosed for named senior executives.
What buyout award transaction did HSBC report for Group Chief Information Officer Stuart Riley?
HSBC reported that a buyout award of 254,677 shares granted to Stuart Riley on 8 May 2024 vested, with 119,699 shares disposed of on 11 March 2026 at an aggregated price of about £12.796 per share. A six-month retention period applies to the remaining vested shares.
At what prices were HSBC PDMR share vestings and disposals measured in March 2026?
The value of awards vesting on 10 March 2026 was calculated using HSBC’s 9 March 2026 London closing share price of £12.51. Disposals reported on 11 March 2026 generally occurred around £12.80 per share, with aggregated prices disclosed near £12.796 per share for each PDMR.