Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 479

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 479
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as defined in the Securities and Futures Ordinance of Hong Kong) in the shares or debentures of HSBC Holdings and its associated corporations. Save as stated in the tables above, none of the Directors had an interest in any shares or debentures of HSBC Holdings or any associates at the beginning or at the end of the period, and none of the Directors or members of their immediate families were awarded or exercised any right to subscribe for any shares or debentures in any HSBC corporation during the period. There have been no changes in the shares or debentures of the Directors from 31 December 2024 to the date of this report.

| HSBC Holdings plcAnnual Report on Form 20-F | 341 |

Executive Directors’ interests in shares

(Audited)

The shareholdings of executive Directors in 2024, including the

shareholdings of their connected persons, at 31 December 2024 (or

the date they stepped down from the Board, if earlier) are set out

below. The following table shows the comparison of shareholdings

with the company shareholding guidelines. There have been no

changes in the shareholdings of the executive Directors from

31 December 2024 to the date of this report.

Individuals have five years from their appointment date to build up the

recommended levels of shareholding. In line with investor guidance,

for executive Directors, unvested shares that are not subject to

forward-looking performance conditions (on a net of tax basis) can

count towards their shareholding requirement under the shareholder-

approved policy.

The Committee reviews compliance with the shareholding

requirement, taking into account shareholder expectations and

guidelines. The Committee also has full discretion in determining any

penalties for non-compliance.

With regard to post-employment shareholding arrangements, we

believe that our remuneration structure achieves the objective of

ensuring there is ongoing alignment of executive Directors’ interests

with shareholder experience post-cessation of their employment due

to the following features of the policy:

– Shares delivered to executive Directors as part of the fixed pay

allowance have a five -year retention period, which continues to

apply following a departure of an executive Director.

– Shares delivered as part of an annual incentive award are subject

to a one -year retention period, which continues to apply following

a departure of an executive Director.

– LTI awards have a seven -year vesting period with a one -year post-

vesting