Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 692

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 692
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                                                   |     | In cash | In instruments2 |     |       |     |   |                                |     | In cash | In instruments3 |     |       |     | Pensions | Otherremuneration1 |     |       |     |  Total |
| 2024         |     |        14 |                                               |     | 16,466 |                                                   |     |   7,376 |                 |     | 7,377 |     |   |                                |     |   3,319 |                 |     | 3,320 |     |    4,520 |                    |     | 7,153 |     | 49,531 |
| 2023         |     |        14 |                                               |     | 17,109 |                                                   |     |   7,355 |                 |     | 7,356 |     | — |                                |     |   3,219 |                 |     | 3,220 |     |    4,775 |                    |     | 7,135 |     | 50,169 |

1. Includes other remuneration items such as life and medical insurance premiums and localization aids and lastly RSUs from PagoNxt S.L., for his work as a director in said entity.

2. The amount of immediate payment for 2024 is 1,611,965shares ( 1,567,930Santander shares and 1,386,491share options in 2023).

3. The deferred amount in instruments not linked to long-term objectives for 2024 is 725,399shares ( 700,305Santander shares and 554,597share options in 2023).

In 2024, the ratio of variable to fixed pay components was 116% of the total for senior managers, well within the maximum limit of 200% set by 2024 AGM.

Annual report 2024 636

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

Also, the detail of the breakdown of the remuneration linked to long-term objectives of the members of senior management at 31 December 2024 and 31 December 2023 is provided below. These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see note