Source - LSE Regulatory
RNS Number : 0868R
HSBC Holdings PLC
03 March 2021
 

 

 

 

HSBC HOLDINGS PLC

 

3 March 2021

 

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

 

The following transactions in ordinary shares of US$0.50 each ("Shares") in HSBC Holdings plc (the "Company") took place on 1 March 2021:

 

1.    Long Term Incentive Awards

Long term incentive awards ("LTI awards") were made to the Executive Directors named below, as part of variable pay for the performance year ended 31 December 2020. An LTI award is an award of Shares in the Company, with a three-year forward-looking performance period commencing on 1 January 2021 and ending on 31 December 2023.

 

At the end of this performance period, the number of Shares that vest will be determined based upon 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 2020. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2024. Upon each vesting, a one-year retention period applies.

 

The LTI awards were made in London and are based upon the closing Share price on the London Stock Exchange on 26 February 2021 of £4.2620.

 

Director                                      

Name

Shares awarded

Noel Quinn

1,118,554

Ewen Stevenson

637,197

 

 

2.    Annual Incentive Awards

Awards of (i) immediately vested and (ii) deferred Shares were made under the HSBC Share Plan 2011. These awards relate to the performance year ended 31 December 2020 and comprise part of the Group's annual incentive arrangements. The awards were determined by assessing performance during the year against financial and non-financial metrics. For Executive Directors who served during the year ended 31 December 2020, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2020. Upon vesting, a one-year retention period applies.

 

Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 26 February 2021 of £4.2620.

 

(i)       Immediately vested awards

Directors

Name

Shares awarded

Shares sold in respect of Income Tax and Social Security liabilities at £4.22653 per share

Net shares vested

Noel Quinn

187,470

88,111

99,359

Ewen Stevenson

105,584

49,625

55,959

 

Other PDMRs

Name

Shares awarded

Shares sold in respect of Income Tax and Social Security liabilities at £4.22653 per share

Net shares vested

Colin Bell

60,810

28,581

32,229

Georges Elhedery

158,851

74,660

84,191

Greg Guyett

158,851

74,660

84,191

John Hinshaw

128,562

60,425

68,137

Pam Kaur

110,196

51,793

58,403

Nuno Matos

58,771

26,202

32,569

Stephen Moss

55,098

25,897

29,201

Barry O'Byrne

72,048

33,863

38,185

Michael Roberts

134,747

69,490

65,257

Ian Stuart

53,155

24,983

28,172

Peter Wong

125,323

18,799

106,524

 

 

(ii)      Deferred awards

Awards vest in five equal annual tranches commencing in March 2024. Upon vesting, a one-year retention period applies.

Other PDMRs

Name

Shares awarded

Colin Bell

116,958

Georges Elhedery

305,523

Greg Guyett

305,523

John Hinshaw

247,266

Pam Kaur

211,943

Nuno Matos

113,036

Stephen Moss1

95,843

Barry O'Byrne

138,572

Michael Roberts1

234,395

Ian Stuart

102,235

Peter Wong1

218,000

1Awards vest in five equal annual tranches commencing in March 2022.

 

 

3.    UK Share Incentive Plan

Shares were acquired under the Company's UK Share Incentive Plan ("SIP") at £4.26425 per Share.

Other PDMRs

Name

Shares acquired

Nuno Matos

35

Stephen Moss

29

Barry O'Byrne

35

 

 

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

Currency



2021-03-01

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

 




£4.26

1,306,024

£5,566,274.29



Aggregated

£4.262

1,306,024

£5,566,274.29










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

88,111

£372,403.78



Aggregated

£4.227

88,111

£372,403.78
















 

1 - Details of the person discharging managerial responsibilities / person closely associated


Name of natural person

Ewen Stevenson





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



2021-03-01

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

 




£4.26

742,781

£3,165,732.62



Aggregated

£4.262

742,781

£3,165,732.62










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

49,625

£209,741.55



Aggregated

£4.227

49,625

£209,741.55
















 

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



2021-03-01

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

 




£4.26

177,768

£ 757,647.22



Aggregated

£4.262

177,768

£ 757,647.22










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

28,581

£120,798.45



Aggregated

£4.227

28,581

£120,798.45
















 

1 - Details of the person discharging managerial responsibilities / person closely associated


Name of natural person

Georges Elhedery





2 - Reason for the notification


Position/status

Co-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



2021-03-01

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

 




£4.26

464,374

£1,979,161.99



Aggregated

£4.262

464,374

£1,979,161.99










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

74,660

£315,552.73



Aggregated

£4.227

74,660

£315,552.73
















 

 

1 - Details of the person discharging managerial responsibilities / person closely associated


Name of natural person

Greg Guyett





2 - Reason for the notification


Position/status

Co-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



2021-03-01

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

 



£4.26

464,374

£1,979,161.99



Aggregated

£4.262

464,374

£1,979,161.99










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

74,660

£315,552.73



Aggregated

£4.227

74,660

£315,552.73
















 

 

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



2021-03-01

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

 




£4.26

375,828

£1,601,778.94



Aggregated

£4.262

375,828

£1,601,778.94










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

60,425

£255,388.08



Aggregated

£4.227

60,425

£255,388.08
















 

 

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 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



2021-03-01

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

 




£4.26

322,139

£ 1,372,956.42



Aggregated

£4.262

322,139

£ 1,372,956.42










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

51,793

£218,904.67



Aggregated

£4.227

51,793

£218,904.67
















 

 

1 - Details of the person discharging managerial responsibilities / person closely associated


Name of natural person

Nuno Matos





2 - Reason for the notification


Position/status

Chief Executive, Wealth and Personal 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



2021-03-01

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




£4.26

171,807

£732,241.43



Aggregated

£4.262

171,807

£732,241.43










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Acquisition under the UK Share Incentive Plan


Price

 

Volume

Total

 




£4.26

35

£149.25



Aggregated

£4.264

35

£149.25










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

26,202

£110,743.54



Aggregated

£4.227

26,202

£110,743.54
















 

 

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 for Europe; the Middle East, North Africa and Turkey; Latin America; and Canada



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



2021-03-01

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

 

 

 




£4.26

150,941

£643,310.54



Aggregated

£4.262

150,941

£643,310.54










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Acquisition under the UK Share Incentive Plan


Price

 

Volume

Total

 




£4.26

29

£123.66



Aggregated

£4.264

29

£123.66











Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

25,897

£109,454.45



Aggregated

£4.227

25,897

£109,454.45



 

 






 

 

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



2021-03-01

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

 

 




£4.26

210,620

£897,662.44



Aggregated

£4.262

210,620

£897,662.44










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Acquisition under the UK Share Incentive Plan


Price

 

 

Volume

Total

 




£4.26

35

£149.25



Aggregated

£4.264

35

£149.25










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

33,863

£143,122.99



Aggregated

£4.227

33,863

£143,122.99
















 

 

1 - Details of the person discharging managerial responsibilities / person closely associated


Name of natural person

Michael Roberts





2 - Reason for the notification


Position/status

President and Chief Executive Officer, HSBC USA



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



2021-03-01

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

 




£4.26

369,142

£1,573,283.20



Aggregated

£4.262

369,142

£1,573,283.20










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

69,490

£293,701.57



Aggregated

£4.227

69,490

£293,701.57
















 

 

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



2021-03-01

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

 




£4.26

155,390

£662,272.18



Aggregated

£4.262

155,390

£662,272.18










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

24,983

£105,591.40



Aggregated

£4.227

24,983

£105,591.40
















 

 

1 - Details of the person discharging managerial responsibilities / person closely associated


Name of natural person

Peter Wong





2 - Reason for the notification


Position/status

Deputy Chairman and Chief Executive, 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



2021-03-01

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

 




£4.26

343,323

£1,463,242.63



Aggregated

£4.262

343,323

£1,463,242.63










Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency



2021-03-01

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 




£4.23

18,799

£79,454.54



Aggregated

£4.227

18,799

£79,454.54
















 

For any queries related to this notification, please contact: 

Larissa Wilson

Shareholder Services 

020 7991 0595

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