Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 785

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 785
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 and Branch Managers.

The labour relations between employees and the various Group companies are governed by the related collective agreements or similar regulations.

The number of employees in the Group with disabilities, distributed by professional categories, at 31 December 2024, is as follows:

| Number of employeesA |     |       |      |
|                      |     |       | 2024 |
| Senior executives    |     |    16 |      |
| Other executives     |     |   267 |      |
| Other employees      |     | 4,545 |      |
|                      |     | 4,828 |      |

A. An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33%.

The number of Group employees with disabilities at 2023 and 2022, was 4,701and 4,114, respectively. Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than 33%, during 2024 was 435( 428and 331employees during 2023 and 2022). At the end of fiscal year 2024, there were 432employees ( 436and 444employees at 31 December, 2023 and 2022, respectively).

c) Share-based payments The main share-based payments granted by the Group in force at 31 December, 2024, 2023 and 2022 are described below. i. Bank The variable remuneration policy for the Bank’s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank’s Bylaws, specific resolutions to be adopted by the general meeting. Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value.

Annual report 2024 735

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