Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 226

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 226
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     | 149,857 |                |     | 366,032 |                  |     | 26,588 |                     |     | 52,119 |                                        |     |  60,916 |           |     | — |       |     |      |
| 7 |     | Of which: fixed remuneration                                                                                                                                |     |                              |     | 8,663 |                        |     | 10,253 |          |     | 18,916 |                    |     |  94,166 |                |     | 319,912 |                  |     | 22,644 |                     |     | 46,021 |                                        |     |  77,856 |           |     | — |       |     |      |

| The total amount of severance payments and other benefits associated with contract termination, including pre-retirement payments, awarded during the year to members of the identified staff amounted to €32 million for a total of 30 people with average seniority of 15.3 years. Out of that total, 12 people received an amount corresponding to more than two annual fixed remuneration payments, with a total vested value of severance payments of €23.6 million. The maximum amount of a single award was €3.7 million. 
 The members of the collective of "Other senior management" who held the position at some point in 2024, not being part of this group at the close of 31 December, are included for the purposes of this reporting in "Other identified Staff". Two of these members have received severance payments and other contract termination payments.                                                                                                                                                                                    
 The area of independent control functions includes risk management, internal audit and compliance functions.                                                                                                                                                                                                                                                                                                                                                                                                                     |     | Corporate functions cover people belonging to the identified staff of corporate support areas (such as Human Resources, Technology and Operations, Intervention and management control, as well as other functions related to the control of regulatory capital, Communication, Executive Secretary, Strategy, Financial Planning, etc.).                                                                                            
 The sum of variable components in 2024 for each member of the identified staff did not exceed the limit established in each case for 2024, which was either 100% or 200%, as authorised by the General Shareholders’ Meeting. Specifically, the ratio of variable components of remuneration to fixed components for all the identified staff was 123% and the limits prescribed for each component were duly observed in all cases. 
 The amounts of deferred and retained remun