HSBC (NYSE: HSBC) grants 1,034,617 shares to UK bank chief

Rhea-AI Filing Summary

HSBC Holdings plc reports share-based awards to David Lindberg, Chief Executive of HSBC UK Bank plc, under the HSBC Share Plan 2011 as a buy-out of forfeited awards from his previous employer. The awards were valued using the £10.646 closing share price on 8 December 2025, the day he joined HSBC.

Lindberg received 128,664 immediately vested shares, with 60,473 sold at £12.162471 per share to cover income tax and social security liabilities, leaving 68,191 net shares vested and subject to a 12‑month retention period. He was also granted 905,953 deferred shares, which will vest in annual tranches from March 2027 to March 2032, each tranche also subject to a 12‑month retention period.

Key Figures

Total shares awarded: 1,034,617 shares Immediate award: 128,664 shares Net shares vested: 68,191 shares +5 more

8 metrics

Total shares awarded 1,034,617 shares Acquisitions under HSBC Share Plan 2011 on 31 March 2026

Immediate award 128,664 shares Immediately vested award to David Lindberg

Net shares vested 68,191 shares After selling 60,473 shares for tax and social security

Deferred award 905,953 shares Deferred shares vesting annually March 2027–March 2032

Award valuation price £10.646 per share Closing share price on 8 December 2025

Tax sale price £12.162471 per share Shares sold to cover income tax and social security

Acquisition value £11,014,532.58 Total consideration for 1,034,617 acquired shares

Disposal value £735,501.11 Total for 60,473 shares disposed on 31 March 2026

Key Terms

Person Discharging Managerial Responsibilities, HSBC Share Plan 2011, deferred Shares, EU Market Abuse Regulation 596/2014, +1 more

5 terms

Person Discharging Managerial Responsibilities regulatory

"Notification of Transactions by a Person Discharging Managerial Responsibilities"

A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.

HSBC Share Plan 2011 financial

"awards of (i) immediately vested and (ii) deferred Shares made under the HSBC Share Plan 2011"

deferred Shares financial

"David Lindberg was granted awards of (i) immediately vested and (ii) deferred Shares"

Deferred shares are a class of stock whose economic benefits or certain shareholder rights are delayed or paid later than ordinary shares—for example, dividends may be paid only after other shareholders receive theirs, or voting or redemption rights may be postponed. For investors, that timing difference matters because deferred shares typically offer lower near-term income and different risk, affecting expected returns, priority in payouts, and the share’s market value; think of them like a delayed paycheck compared with a regular salary.

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"

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.

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

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 April

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

2 April 2026

Notification of Transactions by a Person Discharging Managerial Responsibilities

The transactions in ordinary shares of US$0.50 each ("Shares") in HSBC Holdings plc (the "Company") detailed below took place on 31 March 2026.

David Lindberg was granted awards of (i) immediately vested and (ii) deferred Shares made under the HSBC Share Plan 2011. These awards relate to the buy-out of forfeited awards from the previous employer.

Awards were made in London and are based upon the closing Share price on the London Stock Exchange on the day David Lindberg joined HSBC on 8 December 2025, which was £10.646.

(i)       Immediately vested awards

Upon vesting, a 12-month retention period applies.

Name	Shares awarded	Shares sold in respect of Income Tax and Social Security liabilities at £12.162471 per share	Net shares vested
David Lindberg	128,664	60,473	68,191

(ii)      Deferred awards

Award will vest in annual tranches commencing in March 2027 and ending March 2032. Upon vesting, a 12-month retention period applies.

Name	Shares awarded
David Lindberg	905,953

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

David Lindberg

2 - Reason for the notification

Position/status

Chief Executive, HSBC UK Bank plc

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

2026-03-31

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound

Nature of Transaction: Acquisitions under the HSBC Share Plan 2011

Price

Volume

Total

£10.65

1,034,617

£11,014,532.58

Aggregated

£10.646

1,034,617

£11,014,532.58

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

2026-03-31

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound

Nature of Transaction: Disposal

Price

Volume

Total

£12.16

60,473

£735,501.11

Aggregated

£12.162

60,473

£735,501.11

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: 02 April 2026

FAQ

What share awards did HSBC (HSBC) grant to David Lindberg?

HSBC granted David Lindberg 1,034,617 ordinary shares of US$0.50 each under the HSBC Share Plan 2011 as a buy-out for forfeited awards, combining immediately vested shares and longer-term deferred share awards.

How many HSBC shares vested immediately for David Lindberg?

David Lindberg received 128,664 immediately vested HSBC shares. Of these, 60,473 were sold to meet income tax and social security liabilities, leaving 68,191 net vested shares subject to a 12‑month retention period after vesting.

What deferred HSBC share awards did David Lindberg receive?

David Lindberg was granted 905,953 deferred HSBC shares. These will vest in annual tranches from March 2027 to March 2032, and each vested tranche will then be subject to a further 12‑month retention period before he can freely dispose of the shares.

At what prices were David Lindberg’s HSBC share awards valued and sold?

The awards were based on the £10.646 closing HSBC share price on 8 December 2025. To cover tax and social security, 60,473 shares were sold at approximately £12.162471 per share, with an aggregated disposal amount of about £735,501.11.

What is the total value of David Lindberg’s HSBC share acquisitions and disposals?

Lindberg’s acquisitions under the HSBC Share Plan 2011 totalled £11,014,532.58 for 1,034,617 shares. The related tax-driven disposal of 60,473 shares generated £735,501.11, according to the transaction summary provided for 31 March 2026.

Why were these HSBC share transactions for David Lindberg disclosed?

The transactions were disclosed as dealings by a person discharging managerial responsibilities, in line with the EU Market Abuse Regulation 596/2014. Such disclosures provide transparency on share awards and related dealings by senior executives of HSBC Holdings plc.