Last checked at 11 Mar 2020 16:50
HSBC HOLDINGS PLC
11 March 2020
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
1. Group Performance Share Plan awards (Performance Year 2014)
Deferred awards under the Group Performance Share Plan ("GPSP Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2015 as a part of variable pay for the performance year ended 31 December 2014.
The GPSP Awards vested on 10 March 2020 and the following transactions took place in London. The Shares must be retained while the individual is employed by HSBC. The GPSP Awards were determined by assessing performance against financial and non-financial metrics, as detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2014.
Other PDMRs
Name | Additional Shares issued in lieu of the 2019 4th interim dividend1 | Total number of Shares vested | Number of Shares sold at £4.818732 per Share2 |
Pam Kaur |
607 |
19,770 |
9,292 |
Peter Wong |
1,517 |
49,452 |
7,418 |
1 At US$6.6338 per Share, being the average closing price of the Company's Shares on the London Stock Exchange for the five business days between 27 February and 4 March 2020, converted into USD.
2 Includes shares sold to cover withholding tax.
2. Group Performance Share awards (Performance Year 2014)
Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted in 2015 as a part of variable pay for the performance year ended 31 December 2014.
The Awards vested on 10 March 2020 and the following transactions took place in London.
Directors
Name | Additional Shares issued in lieu of the 2019 4th interim dividend1 | Total number of Shares vested | Number of Shares sold at £4.818732 per Share2 |
Noel Quinn |
639 |
20,838 |
8,237 |
Other PDMRs
Name | Additional Shares issued in lieu of the 2019 4th interim dividend1 | Total number of Shares vested | Number of Shares sold at £4.818732 per Share2 |
Paulo Maia |
381 |
12,412 |
4,436 |
Stephen Moss |
581 |
18,925 |
8,895 |
Charlie Nunn |
372 |
12,124 |
5,699 |
1 At US$6.6338 per Share, being the average closing price of the Company's Shares on the London Stock Exchange for the five business days between 27 February and 4 March 2020, converted into USD.
2 Includes shares sold to cover withholding tax.
3. Annual Incentive awards (Performance Year 2018)
Deferred awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc were granted in 2019 as a part of variable pay for the performance year ended 31 December 2018.
On 10 March 2020, the first tranche of the Awards granted in 2019 vested and the following transactions took place in London.
Other PDMRs
Name | Total number of Shares vested
| Number of Shares sold at £4.818732 per Share1 |
Georges Elhedery | 17,193 |
7,226 |
Greg Guyett | 33,327 |
15,664 |
Paulo Maia | 12,420 |
4,348 |
Stephen Moss | 17,082 |
8,029 |
Barry O'Byrne | 9,754 |
4,585 |
Peter Wong | 33,436 |
5,016 |
1 Includes shares sold to cover withholding tax.
The vesting price for all awards is based on the closing Share price on the London Stock Exchange on 9 March 2020 of £4.7000.
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||||
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Name of natural person | Noel Quinn |
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2 - Reason for the notification | |||||||||
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Position/status | Interim Group Chief Executive | ||||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
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Full name of the entity | HSBC Holdings plc | ||||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||||
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4 - Details of the transaction(s) | |||||||||
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Transaction(s) summary table | |||||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | USD - United States Dollar |
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| Nature of Transaction:
Acquisition |
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| Volume | Total
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| US$6.63 | 639 | US$4,239.00 |
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| Aggregated | US$6.634 | 639 | US$4,239.00 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 20,838 | £97,938.60 |
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| Aggregated | £4.70 | 20,838 | £97,938.60 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 8,237 | £39,691.90 |
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| Aggregated | £4.819 | 8,237 | £39,691.90 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | ||||||||
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Name of natural person | Georges Elhedery |
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2 - Reason for the notification | ||||||||
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Position/status | Co-Head of Global Banking and Markets | |||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
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Full name of the entity | HSBC Holdings plc | |||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | |||||||
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4 - Details of the transaction(s) | ||||||||
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Transaction(s) summary table
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 17,193 | £80,807.10 |
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| Aggregated | £4.70 | 17,193 | £80,807.10 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 7,226 | £34,820.16 |
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| Aggregated | £4.819 | 7,226 | £34,820.16 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | ||||||||
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Name of natural person | Greg Guyett |
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2 - Reason for the notification | ||||||||
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Position/status | Co-Head of Global Banking and Markets | |||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
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Full name of the entity | HSBC Holdings plc | |||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | |||||||
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4 - Details of the transaction(s) | ||||||||
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Transaction(s) summary table
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 33,327 | £156,636.90 |
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| Aggregated | £4.70 | 33,327 | £156,636.90 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 15,664 | £75,480.62 |
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| Aggregated | £4.819 | 15,664 | £75,480.62 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||||
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Name of natural person | Pam Kaur |
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2 - Reason for the notification | |||||||||
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Position/status | Group Chief Risk Officer | ||||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
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Full name of the entity | HSBC Holdings plc | ||||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||||
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4 - Details of the transaction(s) | |||||||||
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Transaction(s) summary table | |||||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | USD - United States Dollar |
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| Nature of Transaction:
Acquisition |
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| Volume | Total
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| US$6.63 | 607 | US$4,026.72 |
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| Aggregated | US$6.634 | 607 | US$4,026.72 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 19,770 | £92,919.00 |
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| Aggregated | £4.70 | 19,770 | £92,919.00 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 9,292 | £44,775.66 |
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| Aggregated | £4.819 | 9,292 | £44,775.66 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||||
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Name of natural person | Paulo Maia |
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2 - Reason for the notification | |||||||||
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Position/status | Chief Executive, Latin America, HSBC and Executive Chairman, HSBC Mexico | ||||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
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Full name of the entity | HSBC Holdings plc | ||||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||||
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4 - Details of the transaction(s) | |||||||||
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Transaction(s) summary table | |||||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | USD - United States Dollar |
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| Nature of Transaction:
Acquisition |
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| Volume | Total
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| US$6.63 | 381 | US$2,527.48 |
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| Aggregated | US$6.634 | 381 | US$2,527.48 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisitions under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 24,832 | £116,710.40 |
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| Aggregated | £4.70 | 24,832 | £116,710.40 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 8,784 | £42,327.74 |
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| Aggregated | £4.819 | 8,784 | £42,327.74 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||||
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Name of natural person | Stephen Moss |
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2 - Reason for the notification | |||||||||
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Position/status | Regional Chief Executive for Europe; the Middle East, North Africa and Turkey; Latin America; and Canada | ||||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
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Full name of the entity | HSBC Holdings plc | ||||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||||
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4 - Details of the transaction(s) | |||||||||
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Transaction(s) summary table | |||||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | USD - United States Dollar |
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| Nature of Transaction:
Acquisition |
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| Volume | Total
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| US$6.63 | 581 | US$3,854.24 |
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| Aggregated | US$6.634 | 581 | US$3,854.24 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 36,007 | £169,232.90 |
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| Aggregated | £4.70 | 36,007 | £169,232.90 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 16,924 | £81,552.22 |
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| Aggregated | £4.819 | 16,924 | £81,552.22 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||||
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Name of natural person | Charlie Nunn |
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2 - Reason for the notification | |||||||||
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Position/status | Chief Executive, Wealth and Personal Banking | ||||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
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Full name of the entity | HSBC Holdings plc | ||||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||||
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4 - Details of the transaction(s) | |||||||||
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Transaction(s) summary table | |||||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | USD - United States Dollar |
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| Nature of Transaction:
Acquisition |
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| Volume | Total
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| US$6.63 | 372 | US$2,467.77 |
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| Aggregated | US$6.634 | 372 | US$2,467.77 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 12,124 | £56,982.80 |
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| Aggregated | £4.70 | 12,124 | £56,982.80 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 5,699 | £27,461.95 |
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| Aggregated | £4.819 | 5,699 | £27,461.95 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | ||||||||
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Name of natural person | Barry O'Byrne |
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2 - Reason for the notification | ||||||||
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Position/status | Chief Executive, Global Commercial Banking | |||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
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Full name of the entity | HSBC Holdings plc | |||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | |||||||
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4 - Details of the transaction(s) | ||||||||
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Transaction(s) summary table
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisition under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 9,754 | £45,843.80 |
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| Aggregated | £4.70 | 9,754 | £45,843.80 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
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| Volume | Total
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| £4.82 | 4,585 | £22,093.89 |
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| Aggregated | £4.819 | 4,585 | £22,093.89 |
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1 - Details of the person discharging managerial responsibilities / person closely associated | |||||||||
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Name of natural person | Peter Wong |
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2 - Reason for the notification | |||||||||
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Position/status | Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited | ||||||||
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Initial notification/amendment
| Initial Notification
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3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
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Full name of the entity | HSBC Holdings plc | ||||||||
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Legal Entity Identifier code | MLU0ZO3ML4LN2LL2TL39 | ||||||||
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4 - Details of the transaction(s) | |||||||||
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Transaction(s) summary table | |||||||||
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | USD - United States Dollar |
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| Nature of Transaction:
Acquisition |
| Price
| Volume | Total
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| US$6.63 | 1,517 | US$10,063.47 |
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| Aggregated | US$6.634 | 1,517 | US$10,063.47 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Acquisitions under the HSBC Share Plan 2011 |
| Price
| Volume | Total
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| £4.70 | 82,888 | £389,573.60 |
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| Aggregated | £4.70 | 82,888 | £389,573.60 |
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| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
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| 2020-03-10 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
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| Nature of Transaction:
Disposal |
| Price
| Volume | Total
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| £4.82 | 12,434 | £59,916.11 |
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| Aggregated | £4.819 | 12,434 | £59,916.11 |
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For any queries related to this notification, please contact:
Larissa Wilson
Shareholder Services
020 7991 0595