Summary by Moomoo AI
HSBC HOLDINGS LIMITED AWARDED CONDITIONAL REWARDS TO EMPLOYEES AND FORMER EMPLOYEES ON 18 MARCH 2024 INVOLVING THE SUBSCRIPTION OF A TOTAL OF 3,192,738 SHARES OF ORDINARY SHARES. The award is made under the HSBC Share Plan 2011, with a share price of £6.025 per share on the day of issue and a purchase price of £0. The actual award period of the award is three years and may be extended to a maximum of 7 years depending on the situation of the Group and the location of the person at significant risk, accompanied by a 6-month or 12-month grace period. In addition, HSBC Holdings' Executive Committee members will participate in the long-term incentive program from 2024 to 2026, which includes tangible return on equity, net zero carbon transformation and total return to relative shareholders. The Company also announced that under the Plan there are two limits on the number of shares available for future issuance, namely 1,031,892,238 shares and 292,371,147 shares.