Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 677

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 677
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        |  50,000 |
| Chair of the remuneration committee                                      |     |        |  50,000 |     |        |  50,000 |
| Chair of the risk supervision, 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.

Attendance fees The directors receive fees for attending board and committee meetings, excluding executive committee meetings, where no attendance fees are received. 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. So the amounts for 2024 and 2023 are as follows:

| 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 |      |

ii. Salaries The executive directors receive salaries. In accordance with the policy approved by the annual general meeting, salaries are composed of a fixed annual remuneration and a variable one, which consists in a unique incentive, which is a deferred variable remuneration plan linked to multi-year objectives, which establishes the following payment scheme:

Annual report