Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 340

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 340
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 entity, because the percentage of variable remuneration over fixed remuneration in an average employee is lower than that of the executive directors. Variable remuneration data accrued in the current year, both for employees and executive directors. Evolutive data also impacted by exchange rate performance in the group's geographies. Full time equivalent data considered.

5.Total employees in Spain geography. Fixed remuneration + effective bonus received in the year. Not all concepts are included. Not impacted by exchange rates.

A. Stepped down as director on 22 March 2024.

B. All amounts received were reimbursed to Fundación Botín.

C. Includes EUR 1,000 thousand for his role as non-executive Chair of the Santander España business unit and for attending its board and committee meetings.

D. Stepped down as director on 27 June 2024.

E. Member of board of directors since 27 June 2024.

F. Member of board of directors since 27 June 2024.

Annual report 2024 322

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

K. Performance of the long-term metrics under the 2021 plan (2021-2023)

In 2024, the board of directors, at the remuneration committee’s recommendation, approved the level of performance of the long-term metrics for the sixth cycle of the deferred multi-year objectives variable remuneration plan (2021). The table below details each metric and its result at the close of period.

| Metric                                    |     | Target             |     | Result        |     | Coefficient |     | Weight |     | Weighted coefficient |
| CET1fully loadedin 2023                   |     | 12%                |     | 12.3%         |     | 100%        |     | 1/3    |     | 33.3%                |
| Earnings per share growth in 2023 vs 2020 |     | 100%               |     | 149.6%        |     | 150%        |     | 1/3    |     | 50%                  |
| TSR in 2021-2023                          |     | 33 - 66 percentile 
 (0% and 100%)      |     | Percentile 33 |     | 25%         |     |