Source - LSE Regulatory
RNS Number : 4262A
HSBC Holdings PLC
12 March 2025
 


HSBC HOLDINGS PLC

 

12 March 2025

 

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

 

 

1.   Annual Incentive awards (Performance Year 2017)

Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2018 as a part of variable pay for the performance year ended 31 December 2017.

On 10 March 2025, tranches of the Awards granted in 2018 vested and the following transactions took place in London:

Directors

Name

Total number of Shares vested

Number of Shares sold at £8.613754 per Share1

Pam Kaur

15,633

7,348

Other PDMRs

Name

Total number of Shares vested

Number of Shares sold at £8.613754 per Share1

Ian Stuart

13,490

6,341

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.

 

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 10 March 2025, 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 £8.613754 per Share1

Pam Kaur

18,655

8,768

Other PDMRs

Name

Total number of Shares vested

Ian Stuart

16,864

7,926

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.

 

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 10 March 2025, 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 £8.613754 per Share1

Georges Elhedery

29,532

13,881

Pam Kaur

19,635

9,228

Other PDMRs

Name

Total number of Shares vested

Richard Blackburn

8,928

4,197

Barry O'Byrne

15,152

3,680

Michael Roberts

43,946

22,435

Ian Stuart

17,190

8,079

Suzanna White

4,044

1,818

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 with the exception of Richard Blackburn and Suzanna White who are subject to a six-month retention period.

 

4.   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 2025, tranches of the Awards granted in 2021 vested and the following transactions took place in London:

Directors

Name

Total number of Shares vested

Number of Shares sold at £8.613754 per Share1

Georges Elhedery

61,104

28,718

Pam Kaur

42,388

19,923

 

Other PDMRs

Name

Total number of Shares vested

Richard Blackburn

11,796

5,544

David Liao

18,753

3,001

Barry O'Byrne

27,714

5,281

Michael Roberts

46,879

23,932

Ian Stuart

20,447

9,610

Suzanna White

8,789

3,894

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, with the exception of Richard Blackburn, David Liao and Suzanna White who are subject to a six-month retention period.

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 2025, 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 £8.613754 per Share1

David Liao

9,763

1,562

Michael Roberts

19,640

10,026

Surendra Rosha

9,763

1,563

Suzanna White

12,743

5,645

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 with the exception of Suzanna White who is subject to a six-month retention period.

 

6.   Buyout Awards

 

Buyout awards of Shares that were granted to a PDMR on 8 May 2024 as a result of their HSBC appointment vested on 10 March 2025 and the following transactions took place in London:

Other PDMRs

Name

Total number of Shares vested

Number of Shares sold at £8.613754 per Share1

Stuart Riley2

235,069

110,483

Stuart Riley3

42,272

19,868

 

1 Includes shares sold to cover withholding tax.

2 The first tranche of the 8 May 2024 Buyout Award. A twelve-month retention period will apply.

3 The second 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 2025 has been calculated using the closing Share price on the London Stock Exchange on 7 March 2025 of £8.7640.

 

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

 


2025-03-10

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

 

 

 


£8.76

90,636

£794,333.90


 

Aggregated

£8.764

90,636

£794,333.90

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

42,599

£366,937.31


 

Aggregated

£8.614

42,599

£366,937.31

 


 

 

 

 

 

 

 










 

 

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

 


2025-03-10

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

 

 

 


£8.76

96,311

£844,069.60


 

Aggregated

£8.764

96,311

£844,069.60

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

45,267

£389,918.80


 

Aggregated

£8.614

45,267

£389,918.80

 


 

 

 

 

 

 

 










 

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

 

Name of natural person

Richard Blackburn


 

 

 

2 - Reason for the notification

 

Position/status

Interim 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

 


2025-03-10

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

 

 

 


£8.76

20,724

£181,625.14


 

Aggregated

£8.764

20,724

£181,625.14

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

9,741

£83,906.58


 

Aggregated

£8.614

9,741

£83,906.58

 


 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

28,516

£249,914.22


 

Aggregated

£8.764

28,516

£249,914.22

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

4,563

£39,304.56


 

Aggregated

£8.614

4,563

£39,304.56

 


 

 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

42,866

£375,677.62


 

Aggregated

£8.764

42,866

£375,677.62

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

8,961

£77,187.85


 

Aggregated

£8.614

8,961

£77,187.85

 


 

 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

277,341

£2,430,616.52


 

Aggregated

£8.764

277,341

£2,430,616.52

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

130,351

£1,122,811.45


 

Aggregated

£8.614

130,351

£1,122,811.45

 


 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

110,465

£968,115.26


 

Aggregated

£8.764

110,465

£968,115.26

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

56,393

£485,755.43


 

Aggregated

£8.614

56,393

£485,755.43

 


 

 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

9,763

£85,562.93


 

Aggregated

£8.764

9,763

£85,562.93

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

1,563

£13,463.30


 

Aggregated

£8.614

1,563

£13,463.30

 


 

 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

67,991

£595,873.12


 

Aggregated

£8.764

67,991

£595,873.12

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

31,956

£275,261.12


 

Aggregated

£8.614

31,956

£275,261.12

 


 

 

 

 

 

 

 










 

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

 


2025-03-10

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

 

 

 


£8.76

25,576

£224,148.06


 

Aggregated

£8.764

25,576

£224,148.06

 


 

 

 

 

 

 


Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 


2025-03-10

Ordinary shares of US$0.50 each

GB0005405286

London Stock Exchange, Main Market (XLON)

GBP - British Pound



Nature of Transaction:

 

Disposal


Price

 

Volume

Total

 

 

 


£8.61

11,357

£97,826.40


 

Aggregated

£8.614

11,357

£97,826.40

 


 

 

 

 

 

 










 

 

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

shareholderquestions@hsbc.com

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