SEC Form 6-K filed by HSBC Holdings plc.

3/24/26 1:34:09 PM ET

$HSBC

Savings Institutions

Finance

Get the next $HSBC alert in real time by email

6-K 1 a9560x.htm DIRECTOR/PDMR SHAREHOLDING a9560x

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

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

HSBC HOLDINGS PLC

24 March 2026

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

The following transactions of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company"), relates to the additional Shares being added to PDMRs' share plan interests through the allotment of dividend equivalents in relation to the fourth interim dividend for 2025. The awards took place on 20 March 2026 and the price per Share was £11.9768, being the average closing Share price of the five business days starting on 12 March 2026.

Name	Shares awarded
Richard Blackburn	1,676
Georges Elhedery	19,815
Pam Kaur	11,555
David Liao	2,420
Barry O'Byrne	2,681
Stuart Riley	4,231
Michael Roberts	4,029
Surendra Rosha	2,528
Suzanna White	1,372

On 23 March 2026, Stuart Riley sold 117,653 Shares in the Company. The Shares were sold in London at £11.840854 per Share.

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Georges Elhedery

2 - Reason for the notification

Position/status				Group Chief Executive

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	19,815	£237,320.29

			Aggregated	£11.977	19,815	£237,320.29

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Pam Kaur

2 - Reason for the notification

Position/status				Group Chief Financial Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	11,555	£138,391.92
				£11.977	11,555	£138,391.92

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Richard Blackburn

2 - Reason for the notification

Position/status				Group Chief Risk and Compliance Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	1,676	£20,073.12
				£11.977	1,676	£20,073.12

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				David Liao

2 - Reason for the notification

Position/status				Co-Chief Executive, Asia and Middle East

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,420	£28,983.86
				£11.977	2,420	£28,983.86

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Barry O'Byrne

2 - Reason for the notification

Position/status				CEO, International Wealth and Premier Banking

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,681	£32,109.80
				£11.977	2,681	£32,109.80

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Stuart Riley

2 - Reason for the notification

Position/status				Group Chief Information Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	4,231	£50,673.84
				£11.977	4,231	£50,673.84

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-23	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal			Price	Volume	Total
				£11.84	117,653	£1,393,112.00
			Aggregated	£11.841	117,653	£1,393,112.00

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Michael Roberts

2 - Reason for the notification

Position/status				CEO, HSBC Bank plc and CEO, Corporate and Institutional Banking

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	4,029	£48,254.53
				£11.977	4,029	£48,254.53

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Surendra Rosha

2 - Reason for the notification

Position/status				Co-Chief Executive, Asia and Middle East

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,528	£30,277.35
				£11.977	2,528	£30,277.35

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Suzanna White

2 - Reason for the notification

Position/status				Group Chief Operating Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	1,372	£16,432.17
				£11.977	1,372	£16,432.17

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

[email protected]

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: Angela McEntee
	Title: Group Company Secretary

	Date: 24 March 2026

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SEC Form 6-K filed by HSBC Holdings plc.

3/24/26 1:34:09 PM ET

$HSBC

Savings Institutions

Finance

Get the next $HSBC alert in real time by email

6-K 1 a9560x.htm DIRECTOR/PDMR SHAREHOLDING a9560x

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

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

HSBC HOLDINGS PLC

24 March 2026

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Name	Shares awarded
Richard Blackburn	1,676
Georges Elhedery	19,815
Pam Kaur	11,555
David Liao	2,420
Barry O'Byrne	2,681
Stuart Riley	4,231
Michael Roberts	4,029
Surendra Rosha	2,528
Suzanna White	1,372

On 23 March 2026, Stuart Riley sold 117,653 Shares in the Company. The Shares were sold in London at £11.840854 per Share.

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Georges Elhedery

2 - Reason for the notification

Position/status				Group Chief Executive

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	19,815	£237,320.29

			Aggregated	£11.977	19,815	£237,320.29

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Pam Kaur

2 - Reason for the notification

Position/status				Group Chief Financial Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	11,555	£138,391.92
				£11.977	11,555	£138,391.92

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Richard Blackburn

2 - Reason for the notification

Position/status				Group Chief Risk and Compliance Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	1,676	£20,073.12
				£11.977	1,676	£20,073.12

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				David Liao

2 - Reason for the notification

Position/status				Co-Chief Executive, Asia and Middle East

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,420	£28,983.86
				£11.977	2,420	£28,983.86

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Barry O'Byrne

2 - Reason for the notification

Position/status				CEO, International Wealth and Premier Banking

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,681	£32,109.80
				£11.977	2,681	£32,109.80

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Stuart Riley

2 - Reason for the notification

Position/status				Group Chief Information Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	4,231	£50,673.84
				£11.977	4,231	£50,673.84

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-23	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Disposal			Price	Volume	Total
				£11.84	117,653	£1,393,112.00
			Aggregated	£11.841	117,653	£1,393,112.00

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Michael Roberts

2 - Reason for the notification

Position/status				CEO, HSBC Bank plc and CEO, Corporate and Institutional Banking

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	4,029	£48,254.53
				£11.977	4,029	£48,254.53

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Surendra Rosha

2 - Reason for the notification

Position/status				Co-Chief Executive, Asia and Middle East

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	2,528	£30,277.35
				£11.977	2,528	£30,277.35

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Suzanna White

2 - Reason for the notification

Position/status				Group Chief Operating Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-03-20	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£11.98	1,372	£16,432.17
				£11.977	1,372	£16,432.17

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

[email protected]

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: Angela McEntee
	Title: Group Company Secretary

	Date: 24 March 2026

Get the next $HSBC alert in real time by email

Recent Analyst Ratings for

$HSBC

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1/14/2026		Equal-Weight	Morgan Stanley
12/10/2025		Neutral → Buy	BofA Securities
11/20/2025		Hold → Buy	Erste Group
10/10/2025		Buy → Hold	Jefferies
9/5/2025		Underperform → Outperform	BNP Paribas Exane
6/3/2025	$63.00	Buy → Neutral	BofA Securities
3/4/2025		Equal Weight → Overweight	Barclays
2/3/2025		Buy → Hold	Deutsche Bank

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