Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 338

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 338
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 to a low carbon economy (for more details, please see section 6.3.B iv)). • Our top 36 Groups' executives have their long-term incentive linked to these metrics, including the Executive Chair and CEO. J. Comparative analysis of directors' remuneration, company performance and average remuneration of employees This chart summarizes directors’ compensation (short-term remuneration, deferred variable remuneration and/or deferred variable remuneration linked to multi-year targets included, excluding pension contributions) for executive duties in relation to underlying attributable profit as evidenced below. The weight of executive directors’ remuneration relative to underlying attributable profit continues to decline since 2013.

| Ratio of executive directors’ total remuneration to underlying attributable profit |

Annual report 2024 321

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

The following chart shows the comparative analysis between the directors' remuneration, the company performance (underlying profit attributable to the Group, audited profit before taxes and ordinary ROTE) and the average remuneration of Santander employees (other than directors and in a full time equivalent basis) in the last 5 years:

| Directors' remuneration1(EUR thousand)                  |     |   2024 |     | % var. 24/23 |     |   2023 |     | % var. 23/22 |     |   2022 |     | % var. 22/21 |     |   2021 |     | % var. 21/20 |     |   2020 |
| • Executive Directors                                   |     |        |     |              |     |        |     |              |     |        |     |              |     |        |     |              |     |        |
| Ana Botín                                               |     | 12,127 |     | 5%           |     | 11,544 |     | 5%           |     | 11,001 |     | (4)%         |     | 11,435 |     | 68%          |     |  6,818 |
| Héctor Grisi                                            |     |  9,137 |     | 11%          |     |  8,257 |     | —            |     |      — |     | —            |     |      — |     |