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HSBC Holdings plc filed a Form 6-K reporting that David Lindberg, Chief Executive of HSBC UK Bank plc, was granted share awards totaling 1,034,617 shares on March 31, 2026, related to a buy-out of forfeited awards from his previous employer.
Key Takeaways
1David Lindberg received 1,034,617 ordinary shares valued at approximately £11.01 million, granted to buy out forfeited awards from his previous employer.
2Of the total award, 128,664 shares vested immediately, with 60,473 shares sold to cover tax and social security liabilities, resulting in 68,191 net shares.
3The remaining 905,953 shares are deferred awards vesting in annual tranches from March 2027 through March 2032, subject to 12-month retention periods.
4The awards were priced at £10.646 per share based on the closing price on the London Stock Exchange on Lindberg's start date of December 8, 2025.