Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 302

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 302
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. Our ability to offer market-based compensation for our top talent is vital to our capacity to compete and succeed.                                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

| COMPOSITION |

| Position           |     |                       |     | Category    |     | Appointed on |
| Chair              |     | Glenn Hutchins        |     | Independent |     | 20/12/2022   |
| Members            |     | Sol Daurella          |     | Independent |     | 23/02/2015   |
| Henrique de Castro |     | Independent           |     | 29/10/2019  |     |              |
| Antonio Weiss      |     | Independent           |     | 01/01/2025  |     |              |
| Luis Isasi         |     | Other external        |     | 19/05/2020  |     |              |
| Secretary          |     | Jaime Pérez Renovales |     |             |     |              |

A. Committee Chair since 1 October 2023. The board of directors appointed the committee's members based on their expertise, skills and experience in the matters within the committee's scope. For more details, see section 4.1 'Our directors' and 'Board and committees skills and diversity matrix' in section 4.2.

| TIME ALLOCATION |

In 2024, the committee held 14 meetings, including one joint session with the risk supervision, regulation and compliance committee. See 'Board and committee preparation and attendance' in section 4.3 for members’ attendance and the estimated average time each one spent on meeting preparation and attendance. The chart below shows the committee's approximate time allocation in 2024:

Annual report 2024 289

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

Duties and activities in 2024

This section summarizes the remuneration committee's activities in 2024.

| Duties                                                                                  |     | Actions taken                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Remuneration schemes and policies                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Remuneration policy for executive directors, senior management and other key executives |     | •Remained focused on simplifying executive directors and senior management remuneration, shaping remuneration schemes consistent with our Simple, Personal and Fair values,