HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has announced the conditional awarding of over 3 million shares to employees and former employees under the HSBC Share Plan 2011. The shares are set to vest over a period of up to three years, with specific vesting terms for Material Risk Takers, and are subject to performance targets and clawback provisions as per UK regulatory requirements. This move aligns with the company’s strategy of incentivizing key personnel, with further shares available for future awards.
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