HSBC HOLDINGS PLC
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.
DirectorsName | Shares awarded |
Stuart Gulliver | 365,864 |
Iain Mackay | 195,969 |
Marc Moses | 195,969 |
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 |
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.
DirectorsName | Shares awarded |
Stuart Gulliver | 67,016 |
Iain Mackay | 45,037 |
Marc Moses | 53,698 |
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
DirectorsName | 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 |
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.
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