Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 458

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 458
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 will vest for Georges Elhedery and

191,224 shares will vest for Ewen Stevenson. The awards will vest in

five equal annual instalments commencing in March 2025.

The Committee determined that there were no windfall gains to

consider for this award given the share price at grant ( £ 5.38 ) was

above the share price at the previous LTI grant ( £ 4.26 ).

The 2022–2024 LTI award is subject to a risk and compliance

modifier. The Committee received input from the GRC who assessed

that the performance targets were delivered with appropriate risk

management. On this basis, the Committee considered that no

adjustment for risk should be made.

| Assessment of the 2022–2024 LTI awards                             |                                 |                            |                                                 |                                    |                     |            |         |
| Measures (weighting)1                                              |                                 | Minimum(25% payout)        | Target(50% payout)                              | Maximum(100% payout)               | Actual              | Assessment | Outcome |
| RoTE with CET1 capital ratio underpin2(25%)                        |                                 | 8.0%                       | 9.5%                                            | 11.0%                              | 14.6%               | 100.0%     | 25.00%  |
| Capital reallocation to Asia with CET1 capital ratiounderpin3(25%) |                                 | 46.0%                      | 48.0%                                           | 50.0%                              | 43.7%               | 0.0%       | 0.00%   |
| Transition to netzero4(25%)                                        | Carbon reduction (ownemissions) | 52.0%                      | 56.0%                                           | 60.0%                              | 66.1%               | 100.0%     | 12.50%  |
| Sustainable finance andinvestment                                  | $285bn                          | $340bn                     | $370bn                                          | $394bn                             | 100.0%              | 12.50%     |         |
| Relative TSR5(25%)                                                 |                                 | At median of thepeer group | Straight-line vestingbetween minimumand maximum | At upper quartile ofthe peer group | Above upperquartile | 100.0%     | 25.00%  |
| Total                                                              |                                 |                            |                                                 |