Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 228

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 228
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 identified staff are as follows: ◦ For the Group's executive directors and Promontorio executives:

|                                                                                                                                                             |     | Immediate Payment Percentage |     | Deferred        
 Percentage (**) |     | Deferral    
 Period (**) |     | Deferred Portion Subject to Objectives (**) |
| Executive Directors, members of senior management(*) and those beneficiaries of the Award whose target(**) total variable remuneration is ≥ €2.7 mill.      |     | 40%                          |     | 60%             |     | 5 years     |     | Last 3 years (3/5 of Deferred Percentage)   |
| Remaining members of senior management(*) and those beneficiaries of the Award whose target(**) total variable remuneration is ≥ €1.7 mill. (< €2.7 mill.). |     | 50%                          |     | 50%             |     | 5 years     |     | Last 3 years (3/5 of Deferred Percentage)   |
| Rest of Beneficiaries of the Award A.                                                                                                                       |     | 60%                          |     | 40%             |     | 4 years     |     | Last 2 years (2/4 of Deferred Percentage)   |

(*)For the purposes of these Regulations, senior management comprises all the members included in Banco de España’s Register of senior officers.

(**) In certain countries, the deferral percentage and the deferral period may also be different to comply with applicable local regulations or with the requirements of the competent authority in each case. Similarly, the deferred part subject to objectives can be applied to years that are not the last ones, but not before the third year.

• For the other members of the identified staff:

|                                                                                                     |     | Immediate Payment Percentage |     | Deferred Percentage (*) |     | Deferral Period (*) |
| Beneficiaries of the Award whose target total variable remuneration is ≥ €2.7 mill.                 |     | 40%                          |     | 60%                     |     | 5 years             |
| Beneficiaries of the Award whose target total variable remuneration is ≥ €1.7 mill. (< €2.7 mill.). |     | 50%                          |     | 50%                     |     | 5 years             |
| Other Beneficiaries of the Award.                                                                   |     | 60%                          |     | 40%                     |     | 4 years             |

(*)In certain countries, the