FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of March
 
 
 
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F X Form 40-F  
 
 
HSBC HOLDINGS PLC
 
6 March 2025
 
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
 
The transactions in ordinary shares of US$0.50 each ("Shares") in HSBC Holdings plc (the "Company") detailed below took place on 4 March 2025.
 
The awards made to Executive Directors disclosed in this announcement are the same awards disclosed in the separate Grant of Conditional Awards announcement released on 6 March 2025 pursuant to Rules 17.06A, 17.06B and 17.06C of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
 
 
1.    Long Term Incentive Awards
 
Long term incentive awards ("LTI awards") were made to the PDMRs named below, as part of variable pay for the performance year ended 31 December 2024. An LTI award is an award of Shares in the Company, with a three-year forward-looking performance period commencing on 1 January 2025 and ending on 31 December 2027.
 
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 in the LTI scorecard, as detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2024. Subject to that assessment, the shares will vest in five equal annual instalments commencing from March 2028. Upon each vesting, a one-year retention period applies.
 
The LTI awards were made in London and are based upon the average closing Share price on the London Stock Exchange on the five days starting 24 February 2025 which is £9.0700.
 
Other PDMRs
 
Name
 
Shares awarded
 
David Liao
 
86,496
Barry O'Byrne
 
98,304
Stuart Riley
 
159,586
Michael Roberts
 
166,455
Surendra Rosha
 
89,395
Ian Stuart
 
86,532
Suzanna White
 
48,346
 
 
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 2024 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 2024, the performance assessment is detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2024. Upon vesting, a one-year retention period applies.
 
Awards were made in London and are based upon the average closing Share price on the London Stock Exchange on the five days starting on 24 February 2025 which is £9.0700.
 
 
(i)       Immediately vested awards
 
Executive Directors
 
Name
 
Shares awarded
 
Shares sold in respect of Income Tax and Social Security liabilities at £9.255108 per share
 
Net shares vested
 
Georges Elhedery
 
92,447
43,451
48,996
Pam Kaur
 
186,052
87,445
98,607
 
Other PDMRs
 
Name
 
Shares awarded
 
Shares sold in respect of Income Tax and Social Security liabilities at £9.255108 per share
 
Net shares vested
 
Richard Blackburn1
 
25,909
 
12,178
 
13,731
 
David Liao
 
60,300
9,648
50,652
Barry O'Byrne
 
73,491
11,759
61,732
Stuart Riley
 
122,381
57,520
64,861
Michael Roberts
 
128,841
65,774
63,067
Surendra Rosha
 
63,524
10,164
53,360
Ian Stuart
 
58,653
27,567
31,086
Suzanna White
 
38,072
16,866
21,206
 
1Upon vesting, a 6-month retention period applies.
 
(ii)      Deferred awards
 
Awards vest in five equal annual tranches commencing in March 2028. Upon vesting, a one-year retention period applies.
 
Other PDMRs
 
Name
 
Shares awarded
 
Richard Blackburn1,2
 
47,040
 
David Liao1
 
33,533
Barry O'Byrne
 
53,658
Stuart Riley
 
93,471
Michael Roberts1
 
87,767
Surendra Rosha1
 
36,841
Ian Stuart
 
34,750
Suzanna White1
 
26,673
 
1Awards vest in five equal annual tranches commencing in March 2026.
2Upon vesting, a 6-month retention period applies.
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
92,447
£838,494.29
 
 
Aggregated
£9.070
92,447
£838,494.29
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
43,451
£402,143.70
 
 
Aggregated
£9.255
43,451
£402,143.70
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
186,052
£1,687,491.64
 
 
Aggregated
£9.070
186,052
£1,687,491.64
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
87,445
£809,312.92
 
 
Aggregated
£9.255
87,445
£809,312.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
72,949
£661,647.43
 
 
Aggregated
£9.070
72,949
£661,647.43
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
12,178
£112,708.71
 
 
Aggregated
£9.255
12,178
£112,708.71
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
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
 
 
 
£9.07
180,329
£1,635,584.03
 
 
Aggregated
£9.070
180,329
£1,635,584.03
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
9,648
£89,293.28
 
 
Aggregated
£9.255
9,648
£89,293.28
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
CEO, 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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
225,453
£2,044,858.71
 
 
Aggregated
£9.070
225,453
£2,044,858.71
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
11,759
£108,830.81
 
 
Aggregated
£9.255
11,759
£108,830.81
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
375,438
£3,405,222.66
 
 
Aggregated
£9.070
375,438
£3,405,222.66
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
57,520
£532,353.81
 
 
Aggregated
£9.255
57,520
£532,353.81
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
Michael Roberts
 
 
 
 
2 - Reason for the notification
 
Position/status
CEO, HSBC Bank plc and CEO, 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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
383,063
£3,474,381.41
 
 
Aggregated
£9.070
383,063
£3,474,381.41
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
65,774
£608,745.47
 
 
Aggregated
£9.255
65,774
£608,745.47
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
189,760
£1,721,123.20
 
 
Aggregated
£9.070
189,760
£1,721,123.20
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
10,164
£94,068.92
 
 
Aggregated
£9.255
10,164
£94,068.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
179,935
£1,632,010.45
 
 
Aggregated
£9.070
179,935
£1,632,010.45
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
27,567
£255,135.56
 
 
Aggregated
£9.255
27,567
£255,135.56
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
2025-03-04
 
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
 
 
 
 
£9.07
113,091
£1,025,735.37
 
 
Aggregated
£9.070
113,091
£1,025,735.37
 
 
 
 
 
 
 
 
 
Date of Transaction
 
Financial Instrument
Identification Code
Place of Transaction
Currency
 
 
2025-03-04
 
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP - British Pound
 
 
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
 
 
 
£9.26
16,866
£156,096.65
 
 
Aggregated
£9.255
16,866
£156,096.65
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For any queries related to this notification, please contact:
 
Lee Davis
Corporate Governance & Secretariat
shareholderquestions@hsbc.com
 
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
HSBC Holdings plc
 
 
 
By:
 
Name: Aileen Taylor
 
Title: Group Company Secretary and Chief Governance Officer
 
 
 
Date: 06 March 2025

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