HSBC Holdings plc granted conditional awards for 286,184 ordinary shares to employees and former employees on Tuesday, according to regulatory filings.
The awards, issued under the HSBC Share Plan 2011, carry a purchase price of £0 and were priced against the London Stock Exchange closing value of £14.972 per share. Each share has a nominal value of $0.50.
Vesting follows HSBC’s group-wide deferral policy, with 33% of awards vesting on the first and second anniversaries of the grant date and 34% vesting on the third anniversary. Material Risk Takers may face extended vesting periods of up to five years, and awards may be subject to a 12-month retention period after vesting.
Certain awards require completion of a strategically important project, while others represent deferred bonuses aligned with UK regulatory requirements. Performance targets apply only to the initial variable pay awards, not to the deferred share component. Clawback provisions are included based on regulatory obligations and internal policy.
The plan operates within a 10% limit of ordinary share capital issued over the past decade across all employee share plans, leaving 1,112,042,656 shares available. For this specific plan, a 5% limit applies, with 357,236,315 shares remaining. HSBC confirmed no financial assistance will be provided to grantees.
