Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 329

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 329
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B. The amounts in the foregoing table correspond to a total of 1,168 thousand shares in Banco Santander and 6 thousand RSUs in 2023.

The following chart states deferred variable remuneration at fair value, which will only be received in 2028, 2029 and 2030 if the long-term multi-year targets are met (see section 6.3 B iv)) and beneficiaries continue to be employed at Grupo Santander, in accordance with the terms approved in the general shareholders' meeting, and no circumstances triggering malus clauses occur 3 :

| Deferred variable remuneration linked to long-term objectives (fair value) |     |         |            |       |     |          |       |     |     |       |     |       |     |         |            |       |     |          |       |     |     |       |     |       |
| EUR thousand                                                               |     |         |       2024 |       |     |          |       |     |     |       |     |       |     |         |       2023 |       |     |          |       |     |     |       |     |       |
|                                                                            |     | In cash | In sharesA |       |     | In RSUsA |       |     |     | Total |     |       |     | In cash | In sharesB |       |     | In RSUsB |       |     |     | Total |     |       |
| Ana Botín                                                                  |     |         |            | 1,166 |     |          |   956 |     | 210 |       |     | 2,332 |     |         |            | 1,121 |     |          |   911 |     | 210 |       |     | 2,243 |
| Héctor Grisi                                                               |     |         |            |   806 |     |          |   629 |     | 176 |       |     | 1,611 |     |         |            |   769 |     |          |   592 |     | 176 |       |     | 1,537 |
| Total                                                                      |     |         |            | 1,972 |     |          | 1,585 |     | 386 |       |     | 3,943 |     |         |            | 1,890 |     |          | 1,504 |     | 386 |