| Schedule of personnel expenses |
| Schedule of personnel expenses |
|
|
|
| Thousand of Reais |
2025 |
2024 |
2023 |
| |
|
|
|
| Wages and salaries |
7,241,613 |
7,087,141 |
6,640,403 |
| Social security costs |
1,712,591 |
1,692,382 |
1,654,056 |
| Benefits |
1,771,477 |
1,753,478 |
1,659,195 |
| Defined benefit pension plans (note 21) |
5,841 |
6,280 |
3,867 |
| Contributions to defined contribution pension plans |
240,368 |
215,685 |
180,926 |
| Share-based compensation |
211,800 |
294,088 |
163,695 |
| Training |
66,584 |
68,043 |
61,686 |
| Other personnel expenses |
449,072 |
480,899 |
450,098 |
| Total |
11,699,346 |
11,597,996 |
10,813,926 |
|
| Schedule of share-based compensation |
| Schedule of share-based compensation |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
01/01 to |
|
01/01 to |
|
01/01 to |
| Program |
Liquidity Type |
Vesting Period |
Period of Exercise |
|
12/31/2025 |
|
12/31/2024 |
|
12/31/2023 |
| |
|
07/2019 to 06/2022 |
2024 |
R$ |
- |
(1) |
R$ |
— |
(1) |
R$ |
292,537 |
SANB 11 (2) |
| |
|
09/2020 to 09/2022 |
2024 |
|
- |
(1) |
|
— |
(1) |
|
217,291 |
(2) |
| |
|
01/2021 to 10/2024 |
2024 |
- |
- |
(1) |
R$ |
— |
(1) |
R$ |
18,270,000 |
(1) |
| |
|
01/2023 to 12/2026 |
2025 and 2026 |
|
1,375,000 |
(1) |
|
750,000 |
(1) |
|
750,000 |
(1) |
| |
|
01/2024 to 12/2027 |
2026, 2027 and 2028 |
R$ |
350,000 |
(2) |
R$ |
1,100,000 |
(2) |
R$ |
— |
(2) |
| |
|
01/2021 to 10/2024 |
2024 |
- |
- |
(1) |
|
— |
(1) |
R$ |
— |
(1) |
| |
Santander Brasil Bank Shares |
01/2025 to 12/2028 |
2026 and 2029 |
|
2,500,000 |
(2) |
|
— |
(2) |
|
— |
(2) |
| Local |
01/2022 to 12/2025 |
2025 |
|
- |
SANB11 (3) |
|
118,363 |
SANB11 (3) |
|
118,363 |
SANB11 (3) |
| |
|
01/2023 to 12/2026 |
2026 |
- |
11,820 |
SANB11 (4) |
R$ |
20,263 |
SANB11 (4) |
R$ |
15,637 |
SANB11 (4) |
| |
|
01/2025 to 12/2028 |
2027 and 2028 |
|
143,024 |
SANB 11 |
|
|
SANB 11 |
|
|
SANB 11 |
| |
|
2023 |
EUR 367 |
|
— |
Global Actions (5) |
|
— |
Global Actions (5) |
|
80,412 |
Global Actions (5) |
| |
|
2023, with limit for options' exercise until 2030 |
— |
|
385,956 |
Options on Global Stocks (5) |
|
420,394 |
Options on Global Stocks (5) |
|
420,394 |
Options on Global Stocks (5) |
| 02/2024 |
EUR 2,685 |
|
— |
Global Actions (6) |
|
117,601 |
Global Actions (6) |
|
117,601 |
Global Actions (6) |
| |
|
02/2024, with a limit for exercising the options until 02/2029 |
— |
|
105,534 |
Global Stock Options (6) |
|
183,840 |
Global Stock Options (6) |
|
350,839 |
Global Stock Options (6) |
| Global |
Santander Spain Shares and Options |
2025 |
EUR 3,104 |
|
95,786 |
Global Actions (6) |
|
95,786 |
Global Actions (6) |
|
95,786 |
Global Actions (6) |
| 2025, with a limit for exercising the options until 2030 |
— |
|
22,989 |
Global Stock Options (6) |
|
367,827 |
Global Stock Options (6) |
|
367,827 |
Global Stock Options (6) |
| |
|
2026 |
EUR 3,088 |
|
175,476 |
Global Actions (6) |
|
175,476 |
Global Actions (6) |
|
199,680 |
Global Actions (6) |
| |
|
2026, with a limit for exercising the options until 2033 |
— |
|
472,469 |
Global Stock Options (6) |
|
472,469 |
Global Stock Options (6) |
|
537,637 |
Global Stock Options (6) |
| |
|
2027 |
EUR 6,395 |
|
8,528 |
Global Actions (6) |
|
8,528 |
Global Actions (6) |
|
9,095,000 |
Global Actions (6) |
| |
|
2027, with a limit for exercising the options until 2032 |
— |
|
80,476 |
Global Stock Options (6) |
|
80,476 |
Global Stock Options (6) |
|
— |
Global Stock Options (6) |
| |
|
2028 |
EUR 7,142 |
|
2,411 |
Global Actions (6) |
|
2,411 |
Global Actions (6) |
|
— |
Global Actions (6) |
| |
|
2028, with a limit for exercising the options until 2033 |
— |
|
9,888 |
Global Stock Options (6) |
|
9,888 |
Global Stock Options (6) |
|
— |
Global Stock Options (6) |
| |
|
2029 |
EUR 5,414 |
|
5,340 |
Global Actions (6) |
|
|
Global Actions (6) |
|
|
Global Actions (6) |
| |
|
12/2024, with payment in 2025 |
— |
|
— |
SANB11 (7) |
|
50,419 |
SANB11 (7) |
|
— |
SANB11 (7) |
| |
|
12/2025, with payment in 2026 |
— |
|
52,037 |
SANB11 (8) |
|
70,346 |
SANB11 (8) |
|
— |
SANB11 (8) |
| |
|
|
|
R$ |
4,225,000 |
(1) (2) |
R$ |
1,850,000 |
(1) |
R$ |
19,020,000 |
(1) (2) |
| Balance of Plans on December 31, 2025 |
|
|
|
|
|
— |
SAN Actions Op. (4) |
|
|
|
| |
|
206,881 |
SANB11 |
|
259,391 |
SANB11 |
|
643,828 |
SANB11 |
| |
|
|
|
|
— |
SAN Actions Op. (4) |
|
|
|
| |
|
287,541 |
Global Actions (5) (6) |
|
399,802 |
Global Actions (5) (6) |
|
1,139,060 |
Global Actions (5) (6) |
| |
|
|
|
|
1,077,312 |
Global stock options (5) (6) |
|
1,114,530 |
Global stock options (5) (6) |
|
106,147 |
Global stock options (5) (6) |
| (1) |
Target of the plan in Reais, payment in SANB11 shares according to the achievement of the plan's performance indicators at the end of the vesting
period, based on the price of the last 15 shares of the month immediately preceding the payment.. |
| (2) |
Target of the plan in Reais, to be converted into SANB11 shares according to the achievement of the plan's performance indicators at
the end of the vesting period, based on the price of the last 50 trading days of the month immediately preceding the payment month. |
| (3) |
Long-Term Incentive Plans completed, with 142,335 shares increased by dividends paid throughout 2025. |
| (4) |
Plan with a write-off of 8,443 shares due to loss of rights. |
| (5) |
Plan completed with 100% achievement. Part equivalent to 80,412 global shares was paid in cash in Mar/2024 (after the lockup) and 78,841
shares were cancelled. The options may be exercised until the end of the exercise period in 2030, and at the moment we have cancelled
412,175 options. |
| (6) |
Target of the plan in Global stock and stock options, to be paid in cash at the end of the vesting period, as the plan's performance
indicators are met. |
| (7) |
Plan completed with final achievement of 75%. Delivery of 31,844 gross shares in May/2025, according to criteria established in the plan
contract. And write-off of 18,575 shares due to loss of rights. |
| (8) |
Dismissal of 18,309 shares due to loss of rights. |
|