HSBC Grants Long-Term Incentive Awards to Executive Directors
Why we think this is neutral
The RNS announcement details the granting of long-term incentive awards to HSBC's Executive Directors, which is a routine corporate governance matter. It does not contain any of the mandatory news types that would require a more detailed analysis.
Key Points
- Long-term incentive awards granted to HSBC's Executive Directors
- Awards have a three-year performance period from 1 January 2025 to 31 December 2027
- Vesting of shares subject to assessment against financial and non-financial measures
- Shares will vest in five equal annual instalments from March 2028 with a one-year retention period
Summary
HSBC Holdings plc has announced the granting of long-term incentive awards to its Executive Directors, Georges Elhedery and Pam Kaur, as part of their variable pay for the performance year ended 31 December 2024. The awards will have a three-year forward-looking performance period and are subject to assessment by the Group Remuneration Committee against financial and non-financial measures. The shares will vest in five equal annual instalments starting from March 2028, with a one-year retention period applying upon each vesting.