Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 223

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 223
---
 10/2014 of 26 June on the ordering, supervision and solvency of credit institutions. The risk supervision, regulation and compliance committee

supervises the remuneration policy and remuneration schemes with the greatest impact to ensure that they are suitably aligned with risk management.

The essential elements with regard to variable remuneration include:

• The metrics used to determine the variable remuneration of senior management and other top executives, which have also been used to determine the variable remuneration of other members of the identified staff. These metrics are described in section 6.3.B ii) of the corporate governance chapter of the 2024 Annual report.

• Deferral percentages and periods for the identified staff based on their category:

◦ For the Group's executive directors and Promontorio executives:

|                                                                                                                                                            |     | Immediate Payment Percentage |     | Deferred        
 Percentage (**) |     | Deferral    
 Period (**) |     | Deferred Portion Subject to Objectives (**) |
| Executive Directors, members of senior management(*) and those beneficiaries of the Award whose target(**) total variable remuneration is ≥ €2.7 mill.     |     | 40%                          |     | 60%             |     | 5 years     |     | Last 3 years (3/5 of Deferred Percentage)   |
| Remaining members of senior management(*) or those beneficiaries of the Award whose target(**) total variable remuneration is ≥ €1.7 mill. (< €2.7 mill.). |     | 50%                          |     | 50%             |     | 5 years     |     | Last 3 years (3/5 of Deferred Percentage)   |
| Rest of Beneficiaries of the Award A.                                                                                                                      |     | 60%                          |     | 40%             |     | 4 years     |     | Last 2 years (2/4 of Deferred Percentage)   |

(*)For the purposes of these Regulations, senior management comprises all the members included in Banco de España’s Register of senior officers.

(**) 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. Similarly, the deferred part subject to objectives can be applied to years that are not the last ones, but not before the third year.

◦ For the other members of the identified staff:

|                                                                                                     |     | Immediate Payment Percentage |