TIDMHSBA
RNS Number : 4395G
HSBC Holdings PLC
03 March 2015
HSBC HOLDINGS PLC
3 March 2015
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs") and Connected Persons
This announcement is made in accordance with DTR 3.1.2 R and
3.1.4 R(1)(a).
Awards of US$0.50 ordinary shares (the "Shares") in HSBC
Holdings plc (the "Company") have been made to the Executive
Directors in accordance with the remuneration policy approved by
shareholders on 23 May 2014.
The awards were made in London and are based upon the closing
Share price on the London Stock Exchange on 27 February of
GBP5.773.
Group Performance Share Plan award
On 2 March, awards were made under the Group Performance Share
Plan ("GPSP Award") as part of variable pay for the performance
year ended 31 December 2014. The GPSP Awards will vest after five
years. Upon vesting, 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 2014
annual report and accounts.
Directors
Name Shares awarded
Stuart Gulliver 365,864
---------------
Iain Mackay 195,969
---------------
Marc Moses 195,969
---------------
Other PDMRs
Name Shares awarded
Ann Almeida 21,423
---------------
Samir Assaf 40,511
---------------
Peter Boyles 19,646
---------------
Simon Cooper 21,559
---------------
John Flint 25,511
---------------
Pam Kaur 14,087
---------------
Alan Keir 16,303
---------------
Stuart Levey 27,196
---------------
Antonio Losada* 14,866
---------------
Peter Wong 35,236
---------------
*It is anticipated that this award will be settled in cash.
Annual Incentive awards
On 2 March, awards of (i) deferred and (ii) non-deferred Shares
in the Company were made under the HSBC Share Plan 2011. These
awards relate to the performance year ended 31 December 2014 and
comprise part of the Group's Annual Incentive award arrangements.
The awards were determined by assessing performance against
financial and non-financial metrics, as detailed in the Directors'
remuneration report in the 2014 annual report and accounts. Under
the Annual Incentive awards, the net Shares vested are required to
be retained for six months.
(i) Deferred award
The award will vest in three tranches in March 2016, 2017 and
2018.
Directors
Name Shares awarded
Stuart Gulliver 67,016
---------------
Iain Mackay 45,037
---------------
Marc Moses 53,698
---------------
Other PDMRs
Name Shares awarded
Ann Almeida 57,842
---------------
Samir Assaf 109,382
---------------
Peter Boyles 53,045
---------------
Simon Cooper 58,210
---------------
John Flint 68,881
---------------
Pam Kaur 38,037
---------------
Alan Keir 44,019
---------------
Stuart Levey 73,430
---------------
Antonio Losada** 40,138
---------------
Peter Wong 95,137
---------------
(ii) Non-deferred award
Directors
Name Shares awarded Shares sold in respect Net Shares vested
of Income Tax and National
Insurance liabilities
at GBP5.8059 per Share
Stuart Gulliver 44,677 20,999 23,678
--------------- ---------------------------- ------------------
Iain Mackay 30,024 14,112 15,912
--------------- ---------------------------- ------------------
Marc Moses 35,798 16,826 18,972
--------------- ---------------------------- ------------------
Other PDMRs
Name Shares awarded Shares sold in respect Net Shares vested
of Income Tax and National
Insurance liabilities
at GBP5.8059 per Share
Ann Almeida 38,561 18,124 20,437
--------------- ---------------------------- ------------------
Samir Assaf 72,921 34,273 38,648
--------------- ---------------------------- ------------------
Peter Boyles 35,363 15,914 19,449
--------------- ---------------------------- ------------------
Simon Cooper 38,806 17,463 21,343
--------------- ---------------------------- ------------------
John Flint 45,921 20,665 25,256
--------------- ---------------------------- ------------------
Pam Kaur 25,358 11,919 13,439
--------------- ---------------------------- ------------------
Alan Keir 29,346 13,793 15,553
--------------- ---------------------------- ------------------
Stuart Levey 48,953 23,008 25,945
--------------- ---------------------------- ------------------
Antonio Losada** 26,759 0 0
--------------- ---------------------------- ------------------
Peter Wong 63,425 9,514 53,911
--------------- ---------------------------- ------------------
**It is anticipated that this award will be settled in cash at
the end of the six month retention period.
For any queries related to this notification please contact:
Nickesha Graham-Burrell, Senior Assistant Company Secretary on +44
(0)20 7992 3633.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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