HSBC PDMR Ian Stuart acquires small stake under UK SIP

Rhea-AI Filing Summary

HSBC Holdings plc filed a Form 6-K disclosing that Ian Stuart, Chief Executive of HSBC UK Bank plc, acquired 17 ordinary shares of US$0.50 each in the parent company on 27 June 2025. The shares were purchased through the bank’s UK Share Incentive Plan (SIP) at a price of £8.82188 per share, for a total consideration of approximately £149.97. The transaction was reported in accordance with the UK Market Abuse Regulation and took place on the London Stock Exchange Main Market. No other financial or strategic information was included in the filing.

Key points:

• Nature: routine SIP acquisition by a PDMR (person discharging managerial responsibilities).
• Size: immaterial (<£150) relative to HSBC’s market capitalisation.
• Signal: insider purchases can indicate management confidence, but the nominal value limits interpretive weight.

Positive

• Insider purchase—even minor—can be interpreted as a token sign of management confidence.

Negative

• Immaterial size (£150) provides virtually no informational value for assessing HSBC’s financial trajectory.

Insights

Corporate Governance Analyst

TL;DR: Small routine insider purchase; governance compliant, negligible financial impact.

The filing shows procedural transparency under UK MAR, confirming HSBC’s compliance culture. While insider buying is generally viewed positively, the acquisition of 17 shares is de minimis versus the group’s size. Therefore, governance implications are neutral: no red flags, but also no material strategic insight.

Portfolio Manager

TL;DR: Transaction is too small to influence investment stance on HSBC.

With a notional value below £150, this PDMR trade does not alter HSBC’s risk-reward profile or earnings outlook. I consider the disclosure non-impactful for portfolio decisions; position sizing or valuation models remain unchanged.

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 June

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  

HSBC HOLDINGS PLC

30 June 2025

Notification of a Transaction by a Person Discharging Managerial Responsibilities

On 27 June 2025, Ian Stuart acquired 17 ordinary shares of US$0.50 each (the "Shares") in HSBC Holdings plc (the "Company"). The Shares were acquired under the Company's UK Share Incentive Plan ("SIP") at £8.82188 per Share.

The following disclosure is 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				Ian Stuart
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
	2025-06-27	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:			Price	Volume	Total
	Acquisition under the UK Share Incentive Plan			£8.82	17	£149.97
			Aggregated	£8.822	17	£149.97

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: Aileen Taylor

Title: Group Company Secretary and Chief Governance Officer

Date: 30 June 2025

FAQ

What did HSBC (HSBC) disclose in its June 2025 Form 6-K?

The bank reported that Ian Stuart bought 17 ordinary shares at £8.82188 each under the UK SIP on 27 June 2025.

Who is Ian Stuart in relation to HSBC Holdings plc?

Ian Stuart is the Chief Executive of HSBC UK Bank plc, a key subsidiary of HSBC Holdings plc.

How much was the total value of the insider purchase?

The total consideration was approximately £149.97.

Where were the shares purchased?

The transaction occurred on the London Stock Exchange Main Market (XLON).

Does this insider trade affect HSBC’s investment outlook?

Given its small size, analysts generally view the trade as non-material to HSBC’s valuation or strategy.