Banco Santander (SAN) details €1.82B share buyback progress
Rhea-AI Filing Summary
Banco Santander provides an update on its share buyback programme. As of 4 March 2026, the bank has spent 1,816,349,835 Euros repurchasing its own shares, which is about 36.1% of the programme’s approved maximum investment.
These repurchases correspond to approximately 16.3% of Banco Santander’s outstanding shares as of 2021, indicating a sizable reduction in its share count over time. Between 27 February and 4 March 2026, the bank bought a total of 24,084,830 shares in multiple transactions on Spanish and European trading venues at weighted average prices around 9.6–10.9 Euros per share.
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of March, 2026
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X | Form 40-F |
Banco Santander, S.A.
TABLE OF CONTENTS
Item |
|
| 1 | Report of Other Relevant Information dated March 5, 2026 |
Item 1
Banco Santander, S.A. (the “Bank” or “Banco Santander”), in compliance with the Securities Market legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
Reference is made to our notice of inside information of 4 February 2026 (official registry number 3077) (the “Buyback Commencement Communication”), relating to the buyback programme of own shares (the “Buyback Programme”) approved by the Board of Directors of Banco Santander.
Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 27 February and 4 March (both inclusive).
The cash amount of the shares purchased to 4 March 2026 as a result of the execution of the Buyback Programme amounts to 1,816,349,835 Euros, which represents approximately 36.1% of the maximum investment amount of the Buyback Programme. The programme was announced together with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately 16.3% of its outstanding shares as of 2021.
| Date | Security | Transaction | Trading venue | Number of shares | Weighted average price (€) |
| 27/02/2026 | SAN | Purchase | XMAD | 5,000,000 | 10.8788 |
| 02/03/2026 | SAN | Purchase | XMAD | 5,000,000 | 10.3017 |
| 02/03/2026 | SAN | Purchase | CEUX | 2,000,000 | 10.3022 |
| 03/03/2026 | SAN | Purchase | XMAD | 5,000,000 | 9.5657 |
| 03/03/2026 | SAN | Purchase | CEUX | 3,000,000 | 9.5663 |
| 04/03/2026 | SAN | Purchase | XMAD | 4,084,830 | 9.8929 |
| TOTAL | 24,084,830 |
Issuer name: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13
Reference of the financial instrument: ordinary shares - Code ISIN ES0113900J37
Detailed information of the transactions carried out within the referred period is attached as Annex I.
Boadilla del Monte (Madrid), 5 March 2026
ANNEX I
Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 27/02/2026 and 04/03/2026 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-27-feb-a-04-marzo-2026-es.pdf)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Santander, S.A. | ||||
| Date: | March 5, 2026 | By: | /s/ Pedro de Mingo Kaminouchi | |
| Name: | Pedro de Mingo Kaminouchi | |||
| Title: | Head of Corporate Compliance | |||