HSBC Holdings plc filed a Form 6-K on 5 November 2026, announcing the grant of conditional share awards to employees and former employees under the HSBC Share Plan 2011, with the grant dated 4 November 2026.

Key Highlights

  • Total shares awarded: 336,726 ordinary shares of US$0.50 each were granted to employees and former employees.
  • Purchase price: The awards were granted at a purchase price of GBP 0.
  • Market price on grant date: The closing market price on the London Stock Exchange on 4 November 2026 was GBP 13.182 per share.
  • Standard vesting schedule: Awards vest over three years, with 33% on the first and second anniversaries of grant and 34% on the third anniversary.
  • Extended vesting possible: Group and local Material Risk Takers may be subject to vesting periods of up to five years under relevant remuneration regulations.
  • Shares available under plan limits: Up to 1,111,855,862 shares are available under the 10% limit, and up to 355,401,930 under the 5% limit.

HSBC Share Plan 2011: Details of the 4 November 2026 Conditional Award Grant

According to the filing, HSBC Holdings plc granted conditional awards on 4 November 2026 to employees and former employees, covering a total of 336,726 ordinary shares of US$0.50 each under the HSBC Share Plan 2011. The awards were granted at a purchase price of GBP 0, with the closing market price of the ordinary shares on the London Stock Exchange on the date of grant recorded as GBP 13.182.

The filing states that under the HSBC Group-wide deferral policy, awards typically vest over a three-year period, with 33% vesting on each of the first and second anniversaries of the grant date and 34% on the third anniversary. The company disclosed that Group and local Material Risk Takers may be subject to longer vesting periods of up to five years, as required under relevant remuneration regulations, and that awards may also be subject to a 12-month retention period following vesting.

The filing further explains that certain immediately vested share awards are structured to comply with UK regulation requiring a portion of Material Risk Taker remuneration to be delivered in shares, and that such immediately vested awards are subject to a 12-month retention period during which the shares cannot be sold. The company also disclosed that clawback provisions apply to plan awards in line with regulatory obligations as set out in the company's internal clawback policy, and that no performance targets apply to plan awards other than certain awards tied to completion of a strategically important project, as the awards represent a form of deferred bonus to meet UK regulatory requirements.

What Was Disclosed

HSBC Holdings plc disclosed a grant of 336,726 conditional share awards to employees and former employees on 4 November 2026 under the HSBC Share Plan 2011, including vesting schedules, retention periods, clawback terms, and remaining share capacity under the plan.