Remuneration and other benefits paid to Banco Santander’s directors and senior managers |
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| Remuneration And Other Benefits [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Remuneration and other benefits paid to Banco Santander’s directors and senior managers | Remuneration and other benefits paid to Banco Santander’s directors and senior managers Note 5 to Grupo Santander’s consolidated annual accounts for the year ended 31 December 2024 details the remuneration and other benefits to members of Banco Santander’s Board of Directors and senior management in 2024. Following is a summary of the most significant data on the remunerations and benefits for the six-month periods ended 30 June 2025 and 2024: Remuneration of members of the board of directors (1)
1.The Notes to the consolidated annual accounts for 2025 will contain detailed and complete information on the remuneration paid to all the directors, including executive directors. 2.From 27 June 2024, Mr. Carlos Barrabés and Mr. Antonio Francesco Weiss joined the board, in replacement of Mr. Bruce Carnegie-Brown and Mr. Ramiro Mato. Mr. Bruce Carnegie-Brown stepped down as member of the board on 23 March 2024 and Mr. Ramiro Mato on 27 June 2024. Other benefits of members of the board of directors
1. These correspond to the endowments and/or contributions made during the first six months of 2025 and 2024 in respect of retirement pensions, widowhood, orphanhood and permanent disability. 2. Corresponds to the rights accrued by the directors in matters of pensions. Additionally, former members of the board had at 30 June 2025 and 30 June 2024 rights accrued for this concept for EUR 42,662 thousand and EUR 44,456 thousand, respectively. Remuneration of senior management (1)(2) The table below includes the corresponding amounts related to remunerations of senior management at 30 June 2025 and 2024, excluding the executive directors:
1.During the first six months of 2025 none of the senior managers have ceased in their functions (During the first six months of 2024, remunerations received by the members of the senior managers who ceased in their functions amounted to EUR 2,594 thousand). 2.The number of members of Banco Santander's senior management, excluding executive directors, is 15 as at 30 June 2025 (13 persons at 30 June 2024) The variable annual remuneration (or bonuses) received for fiscal year 2024, both for directors and the rest of senior management, were included in the information on remuneration included in the annual report for that year. Similarly, the variable remuneration attributable to the 2025 results, which will be submitted for approval by the Board of Directors at the appropriate time, will be included in the financial statements for the current year. Funds and pension plans of senior management
1.During the first six months of 2025 none of the senior managers have ceased in their functions (During the first six months of 2024, contributions made by the members of the senior managers who ceased in their functions amounted to EUR 168 thousand). 2.Corresponds to the allocations and/or contributions made during the first six months of 2025 and 2024 as retirement pensions. 3.Corresponds to the rights accrued by members of senior management in the area of pensions. In addition, former members of senior management had at 30 June 2025 and 30 June 2024 rights accumulated for this same concept for EUR 73,141 thousand and EUR 83,485 thousand, respectively.
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