Buyback continues at a steady pace, reducing share count modestly. No change to the known program parameters — this is a routine periodic update. Monitor future 6-K filings for pace shifts or completion of the buyback.
Price Chart
Executive Summary
Banco Santander reported weekly buyback transactions from May 28 to June 3, 2026, repurchasing 12,765,369 shares. Cumulative cash spent since the program began is €2.966 billion, representing ~59% of the maximum investment amount and ~17% of outstanding shares as of 2021. The buyback continues to reduce share count but at a pace consistent with the previously disclosed program.
Key Facts
- 12,765,369 shares repurchased between May 28 and June 3, 2026 at weighted average prices of €10.65–€10.78
- Cumulative cash deployed in buyback program: €2,965,628,002 as of June 3, 2026
- Buyback program ~59% complete by investment amount, ~17% of outstanding shares repurchased since 2021 baseline
- Transactions executed on XMAD (Madrid) and CEUX (Cboe Europe) venues
Financial Impact
€2.966 billion cumulative buyback spend, ~59% of maximum program size; 12.8M shares repurchased in the week at ~€10.68 average price
Risk Factors
- Buyback may slow or stop once maximum investment amount is reached, removing a source of demand
- Large cumulative buyback reduces capital base, potentially constraining future M&A or dividend flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-008496 |
| Document: 0000950103-26-008496-index-headers.html | 0000950103-26-008496 |
| Document: 0000950103-26-008496-index.html | 0000950103-26-008496 |
| Document: 0000950103-26-008496.txt | 0000950103-26-008496 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 16w ago | 6-K | $12.46 $14.68 | ▲ +17.82% | ▲ +10.96% | $12.59 (+1.04%) |
Jun 4, 2026 17w ago | 6-K | $12.08 $14.32 | ▲ +18.54% | ▲ +16.66% | $12.59 (+4.22%) |
Jun 3, 2026 17w ago | 6-K | $11.99 $14.43 | ▲ +20.35% | ▲ +17.85% | $12.59 (+5.00%) |
May 28, 2026 18w ago | 424B5 | $11.95 $13.96 | ▲ +16.82% | ▲ +15.09% | $12.59 (+5.36%) |
May 27, 2026 18w ago | 424B5 / 6-K | $12.64 $14.14 | ▲ +11.87% | ▲ +9.99% | $12.59 (−0.40%) |
May 27, 2026 18w ago | 6-K | $12.64 $14.14 | ▲ +11.87% | ▲ +9.99% | $12.59 (−0.40%) |
Apr 23, 2026 23w ago | 425 | $11.90 $13.05 | ▲ +9.63% | ▲ +4.61% | $12.59 (+5.77%) |
Apr 23, 2026 23w ago | EFFECT / 6-K | $11.90 $13.05 | ▲ +9.63% | ▲ +4.61% | $12.59 (+5.77%) |
Apr 8, 2026 25w ago | 424B5 | $11.85 $14.63 | ▲ +23.42% | ▲ +12.96% | $12.59 (+6.21%) |
Apr 8, 2026 25w ago | 6-K | $11.85 $14.63 | ▲ +23.42% | ▲ +12.96% | $12.59 (+6.21%) |
US Market Status
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