FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a - 16 or 15d - 16 of

the Securities Exchange Act of 1934

For the month of May

HSBC Holdings plc

8 Canada Square, London E14 5HQ, England

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).

Form 20-F X Form 40-F

HSBC HOLDINGS PLC

27 May 2026

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

The following transactions of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company"), relates to the additional Shares being added to PDMRs' share plan interests through the allotment of dividend equivalents in relation to the first interim dividend for 2026. The awards took place on 22 May 2026 and the price per Share was £13.3968, being the average closing Share price of the five business days starting on 14 May 2026.

Name	Shares awarded
Richard Blackburn	337
Georges Elhedery	4,015
Pam Kaur	2,345
David Liao	490
Barry O'Byrne	542
Stuart Riley	859
Michael Roberts	813
Surendra Rosha	512
Suzanna White	278

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Georges Elhedery

2 - Reason for the notification

Position/status				Group Chief Executive

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	4,015	£53,788.15

			Aggregated	£13.397	4,015	£53,788.15

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Pam Kaur

2 - Reason for the notification

Position/status				Group Chief Financial Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	2,345	£31,415.50
				£13.397	2,345	£31,415.50

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Richard Blackburn

2 - Reason for the notification

Position/status				Group Chief Risk and Compliance Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	337	£4,514.72
				£13.397	337	£4,514.72

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				David Liao

2 - Reason for the notification

Position/status				Co-Chief Executive, Asia and Middle East

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	490	£6,564.43
				£13.397	490	£6,564.43

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Barry O'Byrne

2 - Reason for the notification

Position/status				CEO, International Wealth and Premier Banking

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	542	£7,261.07
				£13.397	542	£7,261.07

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Stuart Riley

2 - Reason for the notification

Position/status				Group Chief Information Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	859	£11,507.85
				£13.397	859	£11,507.85

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Michael Roberts

2 - Reason for the notification

Position/status				CEO, HSBC Bank plc and CEO, Corporate and Institutional Banking

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	813	£10,891.60
				£13.397	813	£10,891.60

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Surendra Rosha

2 - Reason for the notification

Position/status				Co-Chief Executive, Asia and Middle East

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	512	£6,859.16
				£13.397	512	£6,859.16

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person				Suzanna White

2 - Reason for the notification

Position/status				Group Chief Operating Officer

Initial notification/amendment				Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity				HSBC Holdings plc

Legal Entity Identifier code				MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code	Place of Transaction		Currency
	2026-05-22	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: Dividend equivalents under the HSBC Share Plan 2011			Price	Volume	Total
				£13.40	278	£3,724.31
				£13.397	278	£3,724.31

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

[email protected]

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HSBC Holdings plc

	By:
	Name: Angela McEntee
	Title: Group Company Secretary

	Date: 27 May 2026

HSBC HOLDINGS PLC 6-K