Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 476

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 476
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clawback for a maximum period of 10years from the date of the award and are not eligible for dividend equivalents.

2 Immediate share awards are granted based on the previous years’ performance as part of the annual incentive and are not subject to forward-looking

performance conditions. On vesting, awards will be subject to a one -year retention period. The face values of the immediate share awards have been computed

using HSBC’s closing share price of £ 5.972 taken on 23 February 2024. The fair value of the awards was £ 5.957 based on IFRS 2 accounting standards . Awards

are subject to clawback for a maximum period of 10years from the date of the award.

3 Fixed pay allowance awards are granted in instalments in accordance with the remuneration policy approved by shareholders at the 2022 AGM, and are not

subject to forward-looking performance conditions. Individual tax liabilities were satisfied in cash, therefore the face value awarded represents the net of tax

value of the shares and the number of shares awarded reflects the net of tax number of shares. The fixed pay allowance awards have been computed using

HSBC’s closing share price of £ 7.126 taken on 7 May 2024, £ 6.498 taken on 14 August 2024 and £ 7.177 taken on 4 November 2024. The fair values of these

awards are based on IFRS 2 accounting standards and are £ 7.208 , £ 6.558 and £ 7.224 respectively. These awards vest immediately and are subject to a retention

period and released annually on pro-rata basis over five years , starting in March 2025.

| Performance conditions for the 2024–2026 LTI awards(Audited)                                                                                                                                                                          |                                 |                            |                                                  |                                |
| Measures (weighting)1                                                                                                                                                                                                                 |                                 | Minimum(25% payout)        | Target(50% payout)                               | Maximum(100% payout)           |
| RoTE with CET1 capital ratio underpin2(37.5%)                                                                                                                                                                                         |                                 | 14.0%                      | 16.0%                                            | 17.0%                          |
| Environment and sustainability3(25%)                                                                                                                                                                                                  | Carbon reduction(own emissions) | 66.0%                      | 70.0%                                            | 74.0%                          |
| Sustainable finance andinvestment                                                                                                                                                                                                     | $