HSBC 2015 Annual Report Download - page 321

HSBC HOLDINGS PLC
319
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Emoluments of five highest paid employees
Set out below are details of remuneration paid to the five individuals whose emoluments were the highest in HSBC (including
two executive Directors and three Group Managing Directors of HSBC Holdings), for the year ended 31 December 2015.
Emoluments of the five highest paid employees
5 highest paid
employees
£000
Basic salaries, allowances and benefits in kind 16,108
Pension contributions 117
Performance-related pay paid or receivable 12,700
Inducements to join paid or receivable
–
Compensation for loss of office
–
Total 28,925
Total ($000) 44,207
The emoluments of the five highest paid employees were within the following bands:
Number of
5 highest paid
employees
£4,200,001
–
£4,300,000 1
£5,200,001
–
£5,300,000 2
£6,800,001
–
£6,900,000 1
£7,300,001
–
£7,400,000 1
Remuneration of eight highest paid senior executives
Set out below are details of the remuneration of the eight highest paid senior executives (including members of the GMB, but
not Directors of HSBC Holdings):
Employee
1 23456 7 8
£000 £000 £000 £000 £000 £000 £000 £000
Fixed
Cash based 655 656 655 667 276 654 354 655
Shares-based 3,016 1,678 904 786 449 327 444 224
Total fixed 3,671 2,333 1,559 1,453 725 981 797 879
Annual incentive1
Cash 549 375 424 394 271 216 227 194
Non-deferred shares2 549 375 424 394 271 216 227 194
Deferred cash3 824 563 635 590 407 323 341 290
Deferred shares3 824 563 635 590 407 323 341 290
Total annual incentive 2,746 1,876 2,118 1,968 1,356 1,078 1,136 968
GPSP
Deferred shares 305 209 235 219 151 120 126 108
Total variable pay 3,051 2,085 2,353 2,187 1,507 1,198 1,262 1,076
Total remuneration 6,722 4,418 3,912 3,640 2,232 2,179 2,059 1,955
Total remuneration ($000) 10,272 6,754 5,979 5,563 3,410 3,330 3,148 2,986
1 Annual incentive in respect of performance year 2015.
2 Awards vested, subject to a six-month retention period.
3 Awards vest over a three-year period, 33% vests on or around the first and second anniversary of grant and 34% on or around third anniversary
of grant.
Pillar 3 remuneration disclosures
The following tables show the remuneration awards made by HSBC to its Identified Staff and MRTs for 2015. Individuals
have been identified as MRTs based on the qualitative and quantitative criteria set out in the Regulatory Technical Standard
EU 604/2014 and additional criteria determined by the Committee. Given this, the total number of MRTs for 2015 has
increased from 2014.
These disclosures reflect the requirements of the FCA’s Prudential Sourcebook for Banks.