Bingham Jonathan 4

What Happened Jonathan Bingham, Global Financial Controller at HSBC Holdings plc, was granted 792 derivative awards (dividend-equivalent rights, or DERs) reported on March 20, 2026. The filing lists this as an award/acquisition (code A) of 792 DERs; no per-share price or aggregate dollar value is reported because these are derivative rights rather than outright share purchases.

Key Details

• Transaction date: 2026-03-20 (reported on Form 4 filed 2026-03-24) — filing appears timely (within two business days).
• Transaction type/code: Award/Grant (A) — 792 dividend-equivalent rights (DERs) acquired.
• Price/value: N/A — economic value not reported in the Form 4.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 — DERs accrued on a conditional award granted March 9, 2026; each DER represents the economic equivalent of one ordinary share and accrues when dividends are paid. The board may settle DERs in cash or shares; DERs will be settled as soon as practicable following vesting.

Context DERs are a form of compensation that track the economic value (including dividends) of ordinary shares but do not necessarily confer immediate share ownership or voting rights. These awards typically vest later and may be settled in cash or stock, so they are compensation-related rather than an open-market purchase or sale. Because this is an award grant, it should be read as routine executive compensation disclosure rather than a direct market-timing signal.