28 Feb 2018 18:25
RNS Number : 3099G
HSBC Holdings PLC
28 February 2018
HSBC HOLDINGS PLC
28 February 2018
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
1. Long Term Incentive Awards
On 26 February 2018, 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 2017. An LTI award is an award of US$0.50 ordinary shares ("Shares") in HSBC Holdings plc (the "Company"), with a three year performance period commencing on 1 January 2018 and ending on 31 December 2020.
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 2017 Annual Report and Accounts. Subject to that assessment, the shares will vest in five equal annual instalments, with the first vesting taking place in March 2021, immediately following the end of the three year performance period, whilst the balance will vest in equal annual instalments thereafter. Upon each vesting, a one year retention period applies.
Directors
Name | Shares awarded |
Iain Mackay | 395,388 |
Marc Moses | 395,388 |
2. Annual Incentive Awards
On 26 February 2018, 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 2017 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 2017, the performance assessment is detailed in the Directors' Remuneration Report in the 2017 Annual Report and Accounts. Upon vesting, a one year retention period applies.
(i) Immediately vested awards
Directors
Name | Shares awarded | Shares sold in respect of Income Tax and Social Security liabilities at £7.2146 per share | Net shares vested |
Iain Mackay | 184,406 | 86,671 | 97,735 |
Marc Moses | 187,724 | 88,231 | 99,493 |
Other PDMRs
Name | Shares awarded | Shares sold in respect of Income Tax and Social Security liabilities at £7.2146 per share | Net shares vested |
Samir Assaf | 136,997 | 64,389 | 72,608 |
Peter Boyles | 39,347 | 17,707 | 21,640 |
Patrick Burke | 60,237 | 32,059 | 28,178 |
John Flint* | 86,366 | 40,593 | 45,773 |
Andy Maguire | 70,361 | 33,070 | 37,291 |
Paulo Maia | 29,171 | 10,210 | 18,961 |
Charlie Nunn** | 28,198 | 13,254 | 14,944 |
Noel Quinn | 55,937 | 26,291 | 29,646 |
Antonio Simoes | 55,969 | 26,306 | 29,663 |
Peter Wong | 65,581 | 9,838 | 55,743 |
* | John Flint was appointed as Group Chief Executive and an Executive Director of the Company with effect from 21 February 2018. |
** | Award in respect of 2017, prior to appointment as a PDMR in 2018. The Awards have a six-month retention period. |
(ii) Deferred Awards
Awards vest in five equal annual tranches commencing in March 2021. Upon vesting, a one year retention period applies.
Other PDMRs
Name | Shares awarded |
Samir Assaf | 263,337 |
Peter Boyles | 75,634 |
Patrick Burke* | 104,753 |
John Flint** | 166,014 |
Andy Maguire | 135,248 |
Paulo Maia* | 50,728 |
Charlie Nunn*/*** | 49,036 |
Noel Quinn | 107,523 |
Antonio Simoes | 107,583 |
Peter Wong* | 114,046 |
* | Awards vest in five equal annual tranches commencing in March 2019. |
** | John Flint was appointed as Group Chief Executive and an Executive Director of the Company with effect from 21 February 2018. |
*** | Award in respect of 2017, prior to appointment as a PDMR in 2018. The Award has a six-month retention period. |
Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 23 February 2018 of £7.2340.
3. Share dealing
On 28 February 2018, Noel Quinn sold 150,000 Shares at £7.2170 per share.
The following disclosure is 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 |
Name of natural person | John Flint | | | | |
|
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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 252,380 | £1,825,716.92 | Aggregated | £7.234 | 252,380 | £1,825,716.92 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 40,593 | £292,862.26 | Aggregated | £7.215 | 40,593 | £292,862.26 | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Iain Mackay | | | | |
|
2 - Reason for the notification |
Position/status | Group Finance Director | | | 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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 579,794 | £4,194,229.80 | Aggregated | £7.234 | 579,794 | £4,194,229.80 | | | | | | | | | |
Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 86,671 | £625,296.60 | Aggregated | £7.215 | 86,671 | £625,296.60 | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Marc Moses | | | | |
|
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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 583,112 | £4,218,232.21 | Aggregated | £7.234 | 583,112 | £4, 218,232.21 | | | | | | | | | |
Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 88,231 | £636,551.37 | Aggregated | £7.215 | 88,231 | £636,551.37 | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Samir Assaf | | | | |
|
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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 400,334 | £2,896,016.16 | Aggregated | £7.234 | 400,334 | £2,896,016.16 | | | | | | | | | |
Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 64,389 | £464,540.88 | Aggregated | £7.215 | 64,389 | £464,540.88 | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Peter Boyles | | | | |
|
2 - Reason for the notification |
Position/status | Chief Executive of Global Private 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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 114,981 | £831,772.55 | Aggregated | £7.234 | 114,981 | £831,772.55 | | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 17,707 | £127,748.92 | Aggregated | £7.215 | 17,707 | £127,748.92 | | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Patrick Burke | | | | |
|
2 - Reason for the notification |
Position/status | President and Chief Executive of HSBC US | | | 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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 164,990 | £1,193,537.66 | Aggregated | £7.234 | 164,990 | £1,193,537.66 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 32,059 | £231,292.86 | Aggregated | £7.215 | 32,059 | £231, 292.86 | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Andy Maguire | | | | |
|
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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 205,609 | £1,487,375.51 | Aggregated | £7.234 | 205,609 | £1,487,375.51 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 33,070 | £238,586.82 | Aggregated | £7.215 | 33,070 | £238,586.82 | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Paulo Maia | | | | |
|
2 - Reason for the notification |
Position/status | Chief Executive, Latin America | | | 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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 79,899 | £577,989.37 | Aggregated | £7.234 | 79,899 | £577,989.37 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 10,210 | £73,661.07 | Aggregated | £7.215 | 10,210 | £73,661.07 | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Charlie Nunn | | | | |
|
2 - Reason for the notification |
Position/status | Chief Executive, Retail Banking and Wealth Management | | | 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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 77,234 | £558,710.76 | Aggregated | £7.234 | 77,234 | £558,710.76 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 13,254 | £95,662.31 | Aggregated | £7.215 | 13,254 | £95,662.31 | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Noel Quinn | | | | |
|
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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 163,460 | £1,182,469.64 | Aggregated | £7.234 | 163,460 | £1,182,469.64 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 26,291 | £189,679.05 | Aggregated | £7.215 | 26,291 | £189,679.05 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-28 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.22 | 150,000 | £1,082,550.00 | Aggregated | £7.217 | 150,000 | £1,082,550.00 | | | | | | | | | |
|
1 - Details of the person discharging managerial responsibilities / person closely associated |
Name of natural person | Antonio Simoes | | | | |
|
2 - Reason for the notification |
Position/status | Chief Executive, HSBC 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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 163,552 | £1,183,135.17 | Aggregated | £7.234 | 163,552 | £1,183,135.17 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 26,306 | £189,787.27 | Aggregated | £7.215 | 26,306 | £189,787.27 | | | | | | | | | |
|
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 | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Acquisition | | Price | Volume | Total | £7.23 | 179,627 | £1,299,421.72 | Aggregated | £7.234 | 179,627 | £1,299,421.72 | | | | | | | | | |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | | 2018-02-26 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | | Nature of Transaction: Disposal | | Price | Volume | Total | £7.21 | 9,838 | £70,977.23 | Aggregated | £7.215 | 9,838 | £70,977.23 | | | | | | | | | |
|
For any queries related to this notification please contact:
Larissa Wilson
Shareholder Services
020 7991 0595
This information is provided by RNS
The company news service from the London Stock Exchange
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