hsba201503036k.htm
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 ......
 
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934).
 
Yes.......          No    X
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ..............).
 


 
 

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 £5.773.
 
 
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 of Income Tax and National Insurance liabilities at £5.8059 per Share
Net Shares vested
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 of Income Tax and National Insurance liabilities at £5.8059 per Share
Net Shares vested
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.
 

 




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: Ben J S Mathews
 
                                                                                                 Title: Group Company Secretary
                     
                                                                                    Date: 03 March 2015