Director/PDMR Shareholding

HSBC Holdings PLC

13 March 2024

 

HSBC HOLDINGS PLC

13 March 2024

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

1.   Annual Incentive awards (Performance Year 2016)

Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2017 as a part of variable pay for the performance year ended 31 December 2016.

On 11 March 2024, tranches of the Awards granted in 2017 vested and the following transactions took place in London:

Directors

Name	Additional Shares issued in lieu of the fourth interim dividend for 20231	Total number of Shares vested	Number of Shares sold at £5.753437 per Share2
Noel Quinn	812	20,698	9,729

Other PDMRs

Name	Additional Shares issued in lieu of the fourth interim dividend for 20231	Total number of Shares vested	Number of Shares sold at £5.753437 per Share2
Colin Bell	603	15,371	7,224
Pam Kaur	620	15,804	7,429
Ian Stuart	529	13,468	6,331

¹ At US$ 7.5915 per Share, being the average closing price of the Company's Shares on the London Stock Exchange for the five business days between 22 and 28 February 2024, converted into USD. The additional Shares are included in the 'Total number of Shares vested' number.

² Represents shares sold to cover withholding tax.

The PDMRs are required to retain a number of Shares equivalent in value to those that vested under the Awards (net of tax liabilities) for six months from the original vesting date.

2.   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 11 March 2024, tranches of the Awards granted in 2019 vested and the following transactions took place in London:

Directors

Name	Total number of Shares vested	Number of Shares sold at £5.753437 per Share1
Noel Quinn3	28,117	13,215
Georges Elhedery2	17,193	7,905

Other PDMRs

Name	Total number of Shares vested	Number of Shares sold at £5.753437 per Share1
Colin Bell3	18,683	8,781
Pam Kaur3	18,655	8,768
Stephen Moss2	17,083	3,210
Barry O'Byrne2	9,754	2,877
Surendra Rosha2	11,083	1,663
Ian Stuart3	16,864	7,926

¹ Represents shares sold to cover withholding tax.

² Required to retain a number of Shares equivalent in value to those that vested under the Awards (net of tax liabilities) for six months from the original vesting date.

³ 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 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 11 March 2024, tranches of the Awards granted in 2020 vested and the following transactions took place in London:

Directors

Name	Total number of Shares vested	Number of Shares sold at £5.753437 per Share1
Noel Quinn	40,340	18,959
Georges Elhedery	29,532	13,880

Other PDMRs

Name	Total number of Shares vested	Number of Shares sold at £5.753437 per Share1
Colin Bell	19,665	9,243
Greg Guyett	44,029	20,694
John Hinshaw	35,796	16,825
Pam Kaur	19,635	9,228
Stephen Moss	17,975	2,216
Barry O'Byrne	15,152	3,891
Michael Roberts	43,943	22,433
Ian Stuart	17,190	8,079

¹ Represents shares sold to cover withholding tax.

The PDMRs 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 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 11 March 2024, tranches of the Awards granted in 2023 vested and the following transactions took place in London:

Other PDMRs

Name	Total number of Shares vested	Number of Shares sold at £5.753437 per Share1
David Liao	9,763	1,465
Stephen Moss2	2,939	-
Michael Roberts	19,640	10,027
Surendra Rosha	9,763	1,464

¹ Represents shares sold to cover withholding tax.

² Awards vesting in the local jurisdiction of employment are not subject to Income Tax and Social Security liabilities.

The PDMRs 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.

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					Noel Quinn
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
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar
	Nature of Transaction: Acquisition				Price	Volume	Total
					US$7.59	812	US$6,164.30
				Aggregated	US$7.592	812	US$6,164.30
	Date of Transaction	Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11	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
					£5.80	89,155	£517,009.84
				Aggregated	£5.799	89,155	£517,009.84
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	41,903	£241,086.27
				Aggregated	£5.753	41,903	£241,086.27

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 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
	2024-03-11	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
					£5.80	46,725	£270,958.28
				Aggregated	£5.799	46,725	£270,958.28
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	21,785	£125,338.63
				Aggregated	£5.753	21,785	£125,338.63

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person						Colin Bell
2 - Reason for the notification
Position/status						Chief Executive, HSBC Bank plc and HSBC Europe
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
	2024-03-11			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar
	Nature of Transaction: Acquisition					Price	Volume	Total
						US$7.59	603	US$4,577.67
					Aggregated	US$7.592	603	US$4,577.67
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11		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
						£5.80	53,719	£311,516.48
					Aggregated	£5.799	53,719	£311,516.48
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.75	25,248	£145,262.78
					Aggregated	£5.753	25,248	£145,262.78

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person					Greg Guyett
2 - Reason for the notification
Position/status					Chief Executive, Global Banking and Markets
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
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011				Price	Volume	Total
					£5.80	44,029	£255,324.17
				Aggregated	£5.799	44,029	£255,324.17
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	20,694	£119,061.63
				Aggregated	£5.753	20,694	£119,061.63

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person					John Hinshaw
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
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011				Price	Volume	Total
					£5.80	35,796	£207,581.00
				Aggregated	£5.799	35,796	£207,581.00
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2023-03-13		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	16,825	£96,801.58
				Aggregated	£5.753	16,825	£96,801.58

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 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
	2024-03-11			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar
	Nature of Transaction: Acquisition					Price	Volume	Total
						US$7.59	620	US$4,706.73
					Aggregated	US$7.592	620	US$4,706.73
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11		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
						£5.80	54,094	£313,691.11
					Aggregated	£5.799	54,094	£313,691.11
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.75	25,425	£146,281.14
					Aggregated	£5.753	25,425	£146,281.14

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 Officer, Asia Pacific - The Hongkong and Shanghai Banking Corporation Limited
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
	2024-03-11		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
						£5.80	9,763	£56,615.64
					Aggregated	£5.799	9,763	£56,615.64
	Date of Transaction		Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each		GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.75	1,465	£8,428.79
					Aggregated	£5.753	1,465	£8,428.79

1 - Details of the person discharging managerial responsibilities / person closely associated
Name of natural person					Stephen Moss
2 - Reason for the notification
Position/status					Regional Chief Executive, Middle East, North Africa and Türkiye
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
	2024-03-11		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
					£5.80	37,997	£220,344.60
				Aggregated	£5.799	37,997	£220,344.60
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	5,426	£31,218.15
				Aggregated	£5.753	5,426	£31,218.15

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, Global Commercial 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
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Acquisition under the HSBC Share Plan 2011				Price	Volume	Total
					£5.80	24,906	£144,429.89
				Aggregated	£5.799	24,906	£144,429.89
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	6,768	£38,939.26
				Aggregated	£5.753	6,768	£38,939.26

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 USA and Americas
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
	2024-03-11		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
						£5.80	63,583	£368,717.82
					Aggregated	£5.799	63,583	£368,717.82
	Date of Transaction			Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11			Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal					Price	Volume	Total
						£5.75	32,460	£186,756.57
					Aggregated	£5.753	32,460	£186,756.57

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 Officer, Asia Pacific - The Hongkong and Shanghai Banking Corporation Limited
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
	2024-03-11		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
					£5.80	20,846	£120,885.95
				Aggregated	£5.799	20,846	£120,885.95
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	3,127	£17,991.00
				Aggregated	£5.753	3,127	£17,991.00

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
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		USD - United States Dollar
	Nature of Transaction: Acquisition				Price	Volume	Total
					US$7.59	529	US$4,015.90
				Aggregated	US$7.592	529	US$4,015.90
	Date of Transaction	Financial Instrument		Identification Code	Place of Transaction		Currency
	2024-03-11	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
					£5.80	47,522	£275,580.08
				Aggregated	£5.799	47,522	£275,580.08
	Date of Transaction		Financial Instrument	Identification Code	Place of Transaction		Currency
	2024-03-11		Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal				Price	Volume	Total
					£5.75	22,336	£128,508.77
				Aggregated	£5.753	22,336	£128,508.77

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

[e-mail]

 

END