Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 557

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 557
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421 | 3,016 |
| Add: current year charges for deferred bonuses from previous years          |   439 |   375 |   239 |
| Other                                                                       |   -97 |   -56 |   -22 |
| Income statement charge for incentive awards                                | 3,761 | 3,740 | 3,233 |

Share-based payments

‘Wages and salaries’ includes the effect of share-based payments arrangements, of which $ 529m (2023: $ 482m ; 2022: $ 400m ) was equity

settled, as follows:

|                                                    | 2024 | 2023 | 2022 |
|                                                    |   $m |   $m |   $m |
| Conditional share awards                           |  551 |  499 |  402 |
| Savings-related and other share award option plans |   27 |   23 |   22 |
| Year ended 31 Dec                                  |  578 |  522 |  424 |

| HSBC Holdings plcAnnual Report on Form 20-F | 397 |

| HSBC share awards                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Award                                                                                                         | Policy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Deferred share awards(including annual incentiveawards, long-term incentive(‘LTI’) awards delivered inshares) | An assessment of performance over the relevant period ending on 31 December is used to determine the amount of the awardto be granted.–Deferred awards generally require employees to remain in employment over the vesting period and are generally not subjectto performance conditions after the grant date. An exception to these are LTI awards, which are subject to performanceconditions.–Deferred share awards generally vest over a period ofthree,four,fiveorseven years.–Vested shares may be subject to a retention requirement post-vesting.–Awards are generally subject to malus and clawback provisions. |
| International Employee SharePurchase Plan (‘ShareMatch’)                                                      | The plan was first introduced in Hong Kong in 2013 and now includes employees based in30jurisdictions.–Shares are purchased in the market each quarter up to a maximum value of £750, or the equivalent in local currency.–Matching awards are added at a ratio of one free share for every three purchased. In mainland China, matching awards aresettled in cash.–Matching awards vest subject to continued employment and the retention of the purchased shares for a maximum period oftwo years and nine months