Company: HBCYF
Filing Date: 2025-03-13
Form Type: 6-K
Source: 0001654954-25-002714
Chunk: 2

Company: HSBC HOLDINGS PLC
Filing Date: 2025-03-13
Form: 6-K
Chunk 2
---
,041 |

**1 Represents shares sold to cover withholding tax .

3. Annual Incentive awards (Performance Year 2023)

Awards of Shares in the Company were granted in 2024 as a part of variable pay for the performance year ended 31 December 2023.

On 12 March 2025, tranches of the Awards granted in 2024 vested and the following transactions took place in London:**

#### Other PDMRs
| Name     | Total number of Shares vested | Number of Shares sold at £8.477055per 
                                Share1 |
| David    
 Liao     |                        10,785 |                                 1,726 |
| Stuart   
 Riley    |                        49,805 |                                23,409 |
| Michael  
 Roberts  |                        21,084 |                                10,764 |
| Surendra 
 Rosha    |                        11,177 |                                 1,789 |
| Suzanna  
 White    |                        15,231 |                                 6,748 |

1 Represents shares sold to cover withholding tax .

The PDMRs are required to retain a number of Shares equivalent in value to those that vested under the Awards (net of tax liabilities) for twelve months from the original vesting date with the exception of Suzanna White who is subject to a six-month retention period.

For the purpose of the below disclosures, the value of the awards which vested on 11 and 12 March 2025 has been calculated using the closing Share price on the London Stock Exchange on 7 March 2024 of £8.7640.

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                     |                                             |                                 |                     |                                           |             |