Banco Santander Awards Deferred Share-Based Pay to Senior Executive
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The latest update is out from Banco Santander ( (ES:SAN) ).
Banco Santander has reported a share-based remuneration transaction involving group Senior Executive Vice-President Pedro Aires Coruche Castro e Almeida, who received ordinary shares in the bank free of charge. The shares were granted under deferred variable remuneration plans linked to performance in 2023, 2024 and 2025, with delivery taking place on 18 March 2026 at an opening share price reference of €9.7.
The award comprises a total of 27,260 Banco Santander ordinary shares, allocated through both deferred and immediate delivery mechanisms. This transaction highlights the bank’s continued use of equity-based compensation to align senior management incentives with shareholder interests and long-term performance, a practice that is standard among large European banking groups.
More about Banco Santander
Banco Santander, S.A. is a global banking group headquartered in Spain, offering retail and commercial banking, corporate and investment banking, and wealth management services. The group serves a broad base of individual and institutional clients across multiple geographies, with a focus on universal banking and mass-market financial services.
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