Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 477

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 477
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539.0bn                        | $641.0bn                   | $693.0bn                                         |                                |
| Relative TSR4(37.5%)                                                                                                                                                                                                                  |                                 | At median of thepeer group | Straight-line vesting betweenminimum and maximum | At upper quartile ofpeer group |
| Subject to risk and compliance modifierThe Group Remuneration Committee retains the discretion to revise down the formulaic outcome taking into account performance against risk and compliancefactors during the performance period. |                                 |                            |                                                  |                                |

1 Awards will vest on a straight-line basis for performance between the minimum, target and maximum levels of performance set in this table.

2 To be assessed based on RoTE at the end of the performance period, subject to the CET1 capital ratio underpin.

3 Carbon reduction will be measured based on percentage reduction in total energy and travel emissions achieved by 31 December 2026 using 2019 as the

baseline. The sustainable finance and investment measure will assess the cumulative amount provided and facilitated over the period ending 31 December 2026.

4 The peer group for the 2024–2026 award is: Bank of China (Hong Kong), Barclays, BNP Paribas, China Merchants Bank, Citigroup, DBS Group Holdings,

J.P. Morgan Chase & Co., Lloyds Banking Group, OCBC Bank, Standard Chartered and UBS Group.

| 340 | HSBC Holdings plcAnnual Report on Form 20-F |

Report of the Directors | Corporate governance report | Directors’ remuneration report

Other scheme interests held during 2024 The table below details scheme interests held by executive Directors during 2024, in respect of prior performance years. Vesting of deferred share awards is normally subject to the Director remaining an employee on the vesting date. The awards may vest at an earlier date in some circumstances. Under the Securities and Futures Ordinance of Hong Kong, interests in conditional share awards are categorised as the interests of the beneficial owner.

| Other scheme interests in 2024 |                    |                 |                 |             |              |                               |                 |                    |               |         |
|                                |                    |                 |                 |             |              | HSBC Holdings ordinary shares |                 |                    |               |         |
| Type ofinterest held           |      Dates ofaward | Awardprice (£)1 | Usually vesting |             | At 1 Jan2024 |               Vested inperiod | Lapsed inperiod | Cancelled inperiod | At