UNI-EN: Information on transactions made by the obliged persons

· 2 marca 2020

Banco Santander's CEO, José Antonio Alvarez Alvarez, disclosed an ESPI insider transaction purchasing 175,000 ordinary shares at €3.28 per share on February 28, 2020, for a total consideration of €574,000. The purchase occurred on the Madrid Stock Exchange (XMAD) and represents an initial notification under MAR/CAD regulations. This transaction signals direct confidence from the company's top executive during a critical period—late February 2020 marked the onset of COVID-19 market turbulence in Europe. CEO equity purchases are typically viewed as positive sentiment signals, indicating management's conviction in long-term value despite short-term uncertainty. However, the transaction size (€574,000) suggests this was part of planned compensation/equity acquisition rather than speculative conviction buying. The lack of historical holding information and context on total CEO shareholding limits assessment of this transaction's significance relative to total compensation. No follow-up transactions disclosed in this notification. The transaction appears properly executed via public exchange with full ESPI disclosure compliance.

Kluczowe dane finansowe

Insider Name & Role

Chief executive officer and obliged person under MAR Regulation (EU) 596/2014

José Antonio Alvarez Alvarez, CEO
Transaction Type

Initial notification, single transaction batch

Purchase (Buy)
Share Price

EUR-denominated purchase on Madrid exchange. Current price 39.795 PLN (approx. €8.50) suggests significant appreciation since 2020

€3.28
Share Volume

Ordinary shares of €0.50 nominal value (ISIN: ES0113900037)

175,000 shares
Total Transaction Value

175,000 × €3.28 = €574,000. Single batch execution at uniform price

€574,000
Transaction Date

Late February 2020, coinciding with global COVID-19 pandemic market turmoil in Europe. VIX-equivalent elevated, banking sector under pressure

2020-02-28
Exchange & Venue

Banco Santander primary listing. Home-market transaction, highest liquidity

XMAD (Madrid Stock Exchange)
Notification Type

Not an amendment; first disclosure of this transaction under ESPI reporting requirements

Initial Notification
LEI (Banco Santander)

Legal Entity Identifier for regulatory identification and transparency

5493006QMFDDMYWIAM13
Price vs 52W Range

Transaction at mid-range of 2020 annual range. ~51% appreciation from 52W low suggests recovery post-COVID

€3.28 at 52W low: €2.17, 52W high: €4.87

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