Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 318

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 318
---
, regulation and compliance committee       |     |  70,000 |      |     |  70,000 |      |
| Chair of the responsible banking, sustainability and culture committee   |     |  50,000 |      |     |  50,000 |      |
| Chair of the innovation and technology committee                         |     |  70,000 |      |     |  70,000 |      |
| Lead independent directorA                                               |     | 110,000 |      |     | 110,000 |      |
| Non-executive Vice Chair                                                 |     |  30,000 |      |     |  30,000 |      |

A. Glenn Hutchins has been allocated EUR 700,000 (including annual allowances and attendance fees) in minimum total annual pay set for the required time and dedication to perform his roles.

C. Attendance fees

Pursuant to board-approved resolutions on the remuneration committee’s recommendations, attendance fees for board and committees meetings (with the exception of the executive committee, for which no fees are set) added up to the amounts included in the chart below for the last two years.

Since we had not reviewed the attendance fees since 2016, shareholders at the 2024 AGM approved an increase of 4% in respect of 2023. This increase compensates for board members' greater time commitment in relation to those of other comparable banking groups, based on an independent expert analysis carried out in 2023.

| Attendance fees per director per meeting in euros                         |     |       | 2024 |     |       | 2023 |
| Board of directors                                                        |     | 2,704 |      |     | 2,600 |      |
| Audit committee and risk supervision, regulation and compliance committee |     | 1,768 |      |     | 1,700 |      |
| Other committees (excluding executive committee)                          |     | 1,560 |      |     | 1,500 |      |

Annual report 2024 309

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

D. Breakdown of Bylaw-stipulated emoluments

Total director Bylaw-stipulated emoluments and attendance fees received in 2024 amounted to EUR 5.4 million (EUR 5.3 million in 2023