Daniel Scott Palomaki, Global Financial Controller of HSBC Holdings PLC, filed a statement of changes in beneficial ownership with the SEC on August 25, 2026, reflecting a transaction dated August 21, 2026.

Key Highlights

  • Reporting Person: Daniel Scott Palomaki, identified as Global Financial Controller of HSBC Holdings PLC (NYSE:HSBC).
  • Transaction Date: The earliest transaction date is listed as 08/21/2026.
  • Derivative Securities Acquired: 76 Dividend Equivalent Rights (DERs) were acquired (transaction code A) at a price of $0.
  • Underlying Security: Each DER corresponds to one ordinary share of HSBC Holdings PLC with a par value of US$0.50.
  • Resulting Beneficial Ownership: Following the reported transaction, Palomaki beneficially owns 592 DERs directly.
  • Settlement Terms: According to the filing, DERs "will be settled as soon as practicable following the vesting of the underlying conditional award," and may be settled in cash at the board's election.

Dividend Equivalent Rights Accrual on Palomaki Conditional Award at HSBC Holdings

According to the filing, the 76 DERs acquired on August 21, 2026, represent dividend equivalent rights that accrued on a conditional award previously granted to Palomaki on March 9, 2026. The filing states that these rights "accrue when and as dividends are paid on HSBC Holdings plc ordinary shares." HSBC Holdings PLC is a global banking and financial services organization, and its ordinary shares carry a par value of US$0.50 each.

The filing explains that each DER "represents the right to receive the economic equivalent of one ordinary share, and can be settled in cash at the election of the HSBC Holdings plc board of directors." The 76 newly accrued DERs were acquired at a stated price of $0, bringing Palomaki's total directly held DER position to 592 following the reported transaction. No non-derivative securities transactions were reported in Table I of the filing. The statement was signed by Lee Thomas Davis as attorney-in-fact for Daniel Scott Palomaki on August 25, 2026.

What Was Disclosed

The filing reports that HSBC Holdings PLC's Global Financial Controller, Daniel Scott Palomaki, acquired 76 Dividend Equivalent Rights on August 21, 2026, accrued on a conditional award originally granted March 9, 2026, bringing his total DER holdings to 592.