Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 322

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 322
---
                                                                                                  |     | CashShares |     |      |     |                                                      |     |      |     |      |     |      |     |                 |     |                   |

Remuneration scheme applicable to Executive Chair and CEO.
1. Example with Executive Chair 2024 percentages over total remuneration.
2. Long-term metrics shown for 2024 award at fair value of 70%, as have been determined by an independent expert.
3. Executive directors also have the obligation to hold them for three years from their award date, unless the director already holds shares for an amount equivalent to 200% of their net annual salary (calculated on the basis of their gross annual salary). In such case, the regulatory obligation to hold shares is for one year from their grant date.

A. Gross annual salary

On the remuneration committee’s recommendation, and due to the excellent business results and total shareholder return in 2023, in order to ensure a competitive remuneration compared to other peer groups, the board resolved to increase 5% the annual salary for Ana Botín and Héctor Grisi in 2024 versus 2023.

Fixed pension contribution continues to be 22% of gross annual salary for 2024.

Executive directors’ gross annual salary and fixed annual contribution to pensions for 2024 and 2023 were as follows:

Annual report 2024 313

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

| EUR thousand |     |                     | 2024 |       |                                   |        |       |     |       |     |                     | 2023 |       |                                   |        |       |     |       |       |
|              |     | Gross annual salary |      |       | Fixed annual pension contribution | TotalA |       |     |       |     | Gross annual salary |      |       | Fixed annual pension contribution | TotalA |       |     |       |       |
| Ana Botín    |     |                     |      | 3,435 |                                   |        |   756 |     | 4,191 |     |                     |      | 3,271 |                                   |        |   720 |     | 3,991 |       |
| Héctor Grisi |     |                     |      | 3,150 |                                   |        |   693 |     | 3,843 |