HSBC Holdings plc (HSBC) disclosed that David Lindberg, Chief Executive of HSBC UK Bank plc and a person discharging managerial responsibilities (PDMR), received share-based compensation on 31 March 2026 with a total market value of £11.01 million. The awards compensate for equity forfeited on departure from his previous employer and were granted under the HSBC Share Plan 2011 at the closing price of £10.65 per share on 8 December 2025, when Lindberg joined the Group.
Key components of the transaction are as follows:
1. Immediately vested tranche • Shares awarded: 128,664 • Shares sold to cover income-tax and social-security liabilities: 60,473 at £12.16 per share, realising £0.74 million • Net shares retained after settlement: 68,191 • A 12-month post-vesting retention period applies.
2. Deferred tranche • Shares awarded: 905,953 • Vesting schedule: annual tranches from March 2027 through March 2032, each subject to a 12-month retention period on vesting.
Transaction summary reported under UK MAR: • Acquisition: 1,034,617 ordinary shares at an aggregated price of £10.65, totalling £11.01 million. • Disposal: 60,473 ordinary shares at an aggregated price of £12.16, totalling £0.74 million.
The disclosure, filed on 2 April 2026, was made in accordance with the UK version of the EU Market Abuse Regulation.
For further information, queries can be directed to HSBC’s Corporate Governance & Secretariat team at shareholderquestions@hsbc.com.
Comments