Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 224

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 224
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     | Deferred Percentage (*) |     | Deferral Period (*) |
| Beneficiaries of the Award whose target total variable remuneration is ≥ €2.7 mill.                 |     | 40%                          |     | 60%                     |     | 5 years             |
| Beneficiaries of the Award whose target total variable remuneration is ≥ €1.7 mill. (< €2.7 mill.). |     | 50%                          |     | 50%                     |     | 5 years             |
| Other Beneficiaries of the Award.                                                                   |     | 60%                          |     | 40%                     |     | 4 years             |

(*)In certain countries, the deferral percentage and the deferral period may also be different to comply with applicable local regulations or with the requirements of the competent authority in each case.

Note: Reference variable remuneration for an standard compliance (100% of the objectives).

2024 Pillar 3 Disclosures Report 309

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

• Pegging a part of the deferred amounts to fulfilment of multi-year objectives for executive directors, senior management and other executives based on their category. These metrics are described in section 6.3.B (iv) of the corporate governance chapter of the 2024 Annual report. • The suitability of financial instruments used for the portion of deferred remuneration in financial instruments: use of shares in Banco Santander S.A. or in any of its listed subsidiaries (such as Brazil and Poland) or equivalent instruments (Chile); and the ratio between these instruments. • Defining the events that might trigger the application of a malus and clawback provisions on the variable remuneration accruing in 2024. These events are described in the previous section and apply to all the identified staff. • No discount is applied to deferred variable remuneration when calculating the ratio of variable to fixed components.

In addition to the general scheme of variable remuneration metrics, the corporate and investment banking business (Santander Corporate & Investment Banking, SCIB) follows a model that is widely applied across all geographies where the business carries out its activities. The model provides remuneration for achieving results using a pay-out system, pegging variable remuneration to the business’s ordinary net profit, the cost of capital of RWAs consumed in that profit generation,