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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