Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 480

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 480
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 retention period, which is not accelerated on departure.

The weighted average holding period of an LTI award within HSBC is

therefore six years , in excess of the five-year holding period typically

implemented by FTSE-listed companies.

HSBC operates a policy under which individuals are not permitted to

enter into any personal hedging strategies in relation to HSBC shares

subject to a vesting and/or retention period.

| Shares                                                         |                                     |                                                            |                                                                |   |         |           |
| (Audited)                                                      |                                     |                                                            |                                                                |   |         |           |
|                                                                | Shareholdingguidelines(% of salary) | Shareholding at31 Dec 20242ordate steppeddown(% of salary) | At 31 Dec 2024, or date stepped down from the Board if earlier |   |         |           |
|                                                                |                                     | Scheme interests                                           |                                                                |   |         |           |
|                                                                | Shareinterests(numberof shares)     | Shareoptions3                                              |                            Shares awarded subject to deferral1 |   |         |           |
|                                                                | withoutperformanceconditions        | withperformanceconditions4                                 |                                                                |   |         |           |
| Executive Directors                                            |                                     |                                                            |                                                                |   |         |           |
| Sir Noel Quinn5(stepped down from 2September 2024)             | 400%                                | 1,068%                                                     |                                                      2,046,949 | — | 869,896 | 2,819,614 |
| Georges Elhedery5(appointed as GroupCEO from 2 September 2024) | 400%                                | 504%                                                       |                                                        966,017 | — | 606,179 | 1,044,640 |

1 The gross number of shares is disclosed. A portion will be sold at vesting to cover any income tax and social security that falls due at the time of vesting.

2 The value of the shareholding is calculated using an average of the daily closing share prices in the three months to 31 December 2024 (£ 7.184 ), and does not

include any unvested interests .

3 At 31 December 2024, Sir Noel Quinn and Georges Elhedery did not hold any options under the HSBC Holdings Savings-Related Share Option Plan (UK).

4 L TI awards granted in February 2022, 2023 and 2024 are subject to the performance conditions as set out in the preceding sections