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GOLDMAN SACHS GROUP INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and GOLDMAN SACHS GROUP INC.’s Form 8-K, filed April 24, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 20Reported items
  • 1,330Asset managers
  • 24,360Fund votes
  • April 23, 2025Meeting date

Results at a glance

Meeting of April 23, 2025: 20 items on GOLDMAN SACHS GROUP INC.’s Form 8-K, filed April 24, 2025: 14 elected · 3 approved · 3 not approved.

Material dissent

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore GOLDMAN SACHS GROUP INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by GOLDMAN SACHS GROUP INC.

These tallies are GOLDMAN SACHS GROUP INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed April 24, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

GOLDMAN SACHS GROUP INC. — official shareholder meeting results, meeting held April 23, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Michele Burns 221,930,4598,802,048643,063 --35,467,368 96%Elected—
Elect Director: Mark Flaherty 227,119,3773,746,887509,306 --35,467,368 98%Elected—
Elect Director: Kimberley Harris 220,123,20310,600,292652,075 --35,467,368 95%Elected—
Elect Director: John Hess 217,696,70313,126,936551,931 --35,467,368 94%Elected—
Elect Director: Kevin Johnson 225,951,0544,902,596521,920 --35,467,368 98%Elected—
Elect Director: Ellen Kullman 224,634,4386,104,989636,143 --35,467,368 97%Elected—
Elect Director: KC McClure 229,519,8671,301,175554,528 --35,467,368 99.4%Elected—
Elect Director: Lakshmi Mittal 213,558,15317,187,333630,084 --35,467,368 93%Elected—
Elect Director: Thomas Montag 228,489,4492,636,441249,680 --35,467,368 99%Elected—
Elect Director: Peter Oppenheimer 222,401,4218,492,682481,467 --35,467,368 96%Elected—
Elect Director: David Solomon 216,264,44913,693,5291,417,592 --35,467,368 94%Elected—
Elect Director: Jan Tighe 228,703,0552,017,135655,380 --35,467,368 99.1%Elected—
Elect Director: David Viniar 218,964,46812,163,881247,221 --35,467,368 95%Elected—
Elect Director: John Waldron 227,535,3823,339,475500,713 --35,467,368 99%Elected—
Proposal 2: Advisory Vote to Approve Executive Compensation ("Say on Pay"): Our shareholders approved the advisory Say on Pay proposal. 152,718,64277,964,224692,704 --35,467,368 66%Approved—
Proposal 3: Approval of the 2025 SIP: Our shareholders approved the 2025 SIP. 157,573,35073,179,846622,374 --35,467,368 68%Approved—
Proposal 4: Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm: Our shareholders ratified the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 250,580,89115,774,110487,937 ---- 94%Approved—
5. Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives 3,800,556226,632,545942,469 --35,467,368 2%Not approved—
6. Shareholder Proposal Regarding Racial Discrimination Audit 4,102,901225,168,6222,104,047 --35,467,368 2%Not approved—
7. Shareholder Proposal Regarding Disclosure of Energy Supply Financing Ratio 34,955,259194,171,9612,248,350 --35,467,368 15%Not approved—

Source: GOLDMAN SACHS GROUP INC., Form 8-K, filed with the SEC on April 24, 2025 — read the filing on EDGAR.

How asset managers voted at the GOLDMAN SACHS GROUP INC. 2024-2025 meeting

Each item below shows how the 1,330 asset managers that disclosed a GOLDMAN SACHS GROUP INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of GOLDMAN SACHS GROUP INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Michele Burns

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 221,930,459AGAINST: 8,802,048
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Michele Burns

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Michele Burns”): 221,930,459 for, 8,802,048 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,486,233 for, 144,929 against, 1,038 withheld, 7,475 abstained, 76 unknown.

FOR
FOR: 83,486,233AGAINST: 144,929ABSTAIN: 7,475WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Michele Burns” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,93631 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust576,1087,774 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

2. Elect Director: Mark Flaherty

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 227,119,377AGAINST: 3,746,887
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Mark Flaherty

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Mark Flaherty”): 227,119,377 for, 3,746,887 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,568,500 for, 62,691 against, 1,038 withheld, 7,446 abstained, 76 unknown.

FOR
FOR: 83,568,500AGAINST: 62,691ABSTAIN: 7,446WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Mark Flaherty” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

3. Elect Director: Kimberley Harris

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 220,123,203AGAINST: 10,600,292
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Kimberley Harris

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Kimberley Harris”): 220,123,203 for, 10,600,292 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,540,414 for, 90,748 against, 1,038 withheld, 7,474 abstained, 76 unknown.

FOR
FOR: 83,540,414AGAINST: 90,748ABSTAIN: 7,474WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Kimberley Harris” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

4. Elect Director: Kevin Johnson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 225,951,054AGAINST: 4,902,596
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Kevin Johnson

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Kevin Johnson”): 225,951,054 for, 4,902,596 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,541,517 for, 89,673 against, 1,038 withheld, 7,448 abstained, 76 unknown.

FOR
FOR: 83,541,517AGAINST: 89,673ABSTAIN: 7,448WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Kevin Johnson” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

5. Elect Director: Ellen Kullman

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 224,634,438AGAINST: 6,104,989
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Ellen Kullman

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Ellen Kullman”): 224,634,438 for, 6,104,989 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,541,257 for, 89,907 against, 1,038 withheld, 7,473 abstained, 76 unknown.

FOR
FOR: 83,541,257AGAINST: 89,907ABSTAIN: 7,473WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Ellen Kullman” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

6. Elect Director: KC McClure

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 229,519,867AGAINST: 1,301,175
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: KC McClure

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: KC McClure”): 229,519,867 for, 1,301,175 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,598,568 for, 1,137 against, 1,038 withheld, 39,007 abstained, 1 unknown.

FOR
FOR: 83,598,568AGAINST: 1,137ABSTAIN: 39,007WITHHOLD: 1,038UNKNOWN: 1
Largest asset managers voting on “Election of Directors: KC McClure” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,276,6290 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III435,2730 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

7. Elect Director: Lakshmi Mittal

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 213,558,153AGAINST: 17,187,333
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Lakshmi Mittal

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Lakshmi Mittal”): 213,558,153 for, 17,187,333 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 82,577,327 for, 1,053,839 against, 1,038 withheld, 7,471 abstained, 76 unknown.

FOR
FOR: 82,577,327AGAINST: 1,053,839ABSTAIN: 7,471WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Lakshmi Mittal” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,269,305203,544 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,93631 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM553,88296,818 00Mixed
Victory Capital592,6640 00For
Bridge Builder Trust272,533311,349 00Mixed
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

8. Elect Director: Thomas Montag

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 228,489,449AGAINST: 2,636,441
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Thomas Montag

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Thomas Montag”): 228,489,449 for, 2,636,441 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,614,919 for, 8,845 against, 1,038 withheld, 14,948 abstained, 1 unknown.

FOR
FOR: 83,614,919AGAINST: 8,845ABSTAIN: 14,948WITHHOLD: 1,038UNKNOWN: 1
Largest asset managers voting on “Election of Directors: Thomas Montag” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,276,6290 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III435,2730 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

9. Elect Director: Peter Oppenheimer

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 222,401,421AGAINST: 8,492,682
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Peter Oppenheimer

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Peter Oppenheimer”): 222,401,421 for, 8,492,682 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,521,375 for, 109,820 against, 1,038 withheld, 7,442 abstained, 76 unknown.

FOR
FOR: 83,521,375AGAINST: 109,820ABSTAIN: 7,442WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: Peter Oppenheimer” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,93631 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust576,1087,774 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

10. Elect Director: David Solomon

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 216,264,449AGAINST: 13,693,529
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: David Solomon

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: David Solomon”): 216,264,449 for, 13,693,529 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,604,958 for, 26,043 against, 1,038 withheld, 7,636 abstained, 76 unknown.

FOR
FOR: 83,604,958AGAINST: 26,043ABSTAIN: 7,636WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: David Solomon” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,276,6290 00For
State Street3,262,95710 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

11. Elect Director: Jan Tighe

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 228,703,055AGAINST: 2,017,135
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: Jan Tighe

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: Jan Tighe”): 228,703,055 for, 2,017,135 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,630,842 for, 395 against, 1,038 withheld, 7,475 abstained, 1 unknown.

FOR
FOR: 83,630,842AGAINST: 395ABSTAIN: 7,475WITHHOLD: 1,038UNKNOWN: 1
Largest asset managers voting on “Election of Directors: Jan Tighe” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,276,6290 00For
State Street3,262,9670 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III435,2730 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

12. Elect Director: David Viniar

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 218,964,468AGAINST: 12,163,881
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: David Viniar

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: David Viniar”): 218,964,468 for, 12,163,881 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,428,497 for, 198,547 against, 1,038 withheld, 7,393 abstained, 76 unknown.

FOR
FOR: 83,428,497AGAINST: 198,547ABSTAIN: 7,393WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Election of Directors: David Viniar” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,93631 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust576,1087,774 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

13. Elect Director: John Waldron

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 227,535,382AGAINST: 3,339,475
Details: description as filed, official tally, votes by 224 asset managers

Description as filed by funds: Election of Directors: John Waldron

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: John Waldron”): 227,535,382 for, 3,339,475 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 224 asset managers below reported 83,626,378 for, 689 against, 1,038 withheld, 7,446 abstained, 1 unknown.

FOR
FOR: 83,626,378AGAINST: 689ABSTAIN: 7,446WITHHOLD: 1,038UNKNOWN: 1
Largest asset managers voting on “Election of Directors: John Waldron” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,276,6290 00For
State Street3,262,95710 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III435,2730 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 224 asset managers. See all 224 in the interactive database.

14. Elect Director: John Hess

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 217,696,703AGAINST: 13,126,936
Details: description as filed, official tally, votes by 223 asset managers

Description as filed by funds: Election of Directors: John Hess

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Elect Director: John Hess”): 217,696,703 for, 13,126,936 against, per its Form 8-K filed April 24, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors: Our shareholders elected the following 14 directors to each serve a one-year term expiring on the date of our 2026 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 223 asset managers below reported 82,364,594 for, 1,239,589 against, 1,038 withheld, 7,453 abstained, 3,000 not voted, 76 unknown.

FOR
FOR: 82,364,594AGAINST: 1,239,589ABSTAIN: 7,453WITHHOLD: 1,038NOT VOTED: 3,000UNKNOWN: 76
Largest asset managers voting on “Election of Directors: John Hess” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,269,305203,544 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,93631 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM553,88296,818 00Mixed
Victory Capital592,6640 00For
Bridge Builder Trust272,533311,349 00Mixed
Jackson National583,1440 00For
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 223 asset managers. See all 223 in the interactive database.

15. Approval of The Goldman Sachs Amended and Restated Stock Incentive Plan (2025)

No official matchCAPITAL STRUCTURE

Combines 4 wordings of this item as funds reported it.

81% of fund votes cast · no official result

FORAGAINST
Details: votes by 231 asset managers

The 231 asset managers below reported 67,372,929 for, 16,146,717 against, 1,038 withheld, 7,469 abstained, 76 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 67,372,929AGAINST: 16,146,717ABSTAIN: 7,469WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Approval of The Goldman Sachs Amended and Restated Stock Incentive Plan (2025)” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity2,695,9965,944,406 00Mixed
BlackRock8,529,5779,731 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street1883,262,779 00Against
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional01,730,305 00Against
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS0778,456 00Against
John Hancock71,097679,232 00Mixed
Prudential/PGIM636,79813,902 00For
Victory Capital0592,664 00Against
Bridge Builder Trust576,1087,774 00For
Jackson National577,3565,788 00For
Columbia Threadneedle0481,773 00Against
Advisors' Inner Circle Fund III408,01927,254 00Mixed
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND379,84418,026 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable101,642155,740 00Mixed

Showing the 25 largest of 231 asset managers. See all 231 in the interactive database.

16. Proposal 2: Advisory Vote to Approve Executive…: Our shareholders approved the advisory Say on Pay proposal.

Official resultFund totals may overlapCOMPENSATIONReported outcome: Approved

Combines 35 wordings of this item as funds reported it.

66% Approved · of votes cast

FOR 66%AGAINST
FOR: 152,718,642AGAINST: 77,964,224
Details: description as filed, official tally, votes by 1,270 asset managers

Description as filed by funds: Advisory Vote to Approve Executive Compensation (Say on Pay)

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Proposal 2: Advisory Vote to Approve Executive Compensation ("Say on Pay"): Our shareholders approved the advisory Say on Pay proposal.”): 152,718,642 for, 77,964,224 against — passed, per its Form 8-K filed April 24, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Advisory Vote to Approve Executive Compensation ("Say on Pay"): Our shareholders approved the advisory Say on Pay proposal.”
Support: 66% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of GOLDMAN SACHS GROUP INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (59 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “COMPENSATION” (2 managers, 788 for).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 206 asset managers voting on “Advisory Vote to Approve Executive Compensation (Say on Pay)” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,415,91056,939 00For
Fidelity8,507,862132,540 00For
BlackRock8,528,58710,721 00For
Capital Group5,763,74051,921 00For
JPMorgan3,280,046996,583 00Mixed
State Street1883,262,779 00Against
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco340,6141,440,824 00Mixed
Dimensional01,730,305 00Against
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock591,633158,696 00Mixed
Prudential/PGIM527,699123,001 00Mixed
Victory Capital262,312330,352 00Mixed
Bridge Builder Trust544,50839,374 00Mixed
Jackson National552,17530,969 00Mixed
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III423,19512,078 00For
BNY Mellon430,1170 00For
JANUS INVESTMENT FUND379,84418,026 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable250,8346,548 00For

Fund voting reports, all 206 managers: 72,284,489 for, 11,160,788 against, 1,038 withheld, 7,471 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 1,083 asset managers voting on “Advisory Vote to Approve Executive Compensation (Say on Pay)” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Live Oak Private Wealth LLC10,022,4030 00For
State Street36,5088,075,400 00Against
GEODE CAPITAL MANAGEMENT, LLC6,696,9260 00For
Capital Group5,918,883773 00For
Fisher Asset Management, LLC5,450,49653,630 00For
T. Rowe Price3,955,969331 00For
Fidelity3,482,6440 00For
Invesco342,2482,979,282 00Mixed
Dodge & Cox3,262,8300 00For
Northern Trust2,563,072137,497 00Mixed
MASSACHUSETTS FINANCIAL SERVICES CO /MA/2,578,7629,044 00For
Charles Schwab2,024,5610 00For
Vanguard2,003,43922,543 00For
GQG Partners LLC1,938,2550 00For
Nuveen1,604,8941,048 00For
Putnam1,568,805809 00For
MELLON INVESTMENTS Corp1,539,3800 00For
UBS1,346,945174,794 00Mixed
AllianceBernstein1,431,74718,236 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC991,352,079 00Against
Legal & General Investment Management Ltd5751,345,409 00Against
John Hancock723,825296,948 00Mixed
JENNISON ASSOCIATES LLC1,011,4100 00For
Sumitomo Mitsui Trust Asset Management Co., Ltd.0929,539 00Against
Amundi0821,305 00Against

Institutional-manager reports, all 1,083 managers: 70,854,232 for, 43,061,555 against, 14,331 abstained, 16,884 not voted, 3,482 unknown. Showing the 25 largest; see all in the interactive database.

17. Proposal 4: Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm: Our…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 7 wordings of this item as funds reported it.

94% Approved · of votes cast

FOR 94%
FOR: 250,580,891AGAINST: 15,774,110
Details: description as filed, official tally, votes by 225 asset managers

Description as filed by funds: Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for 2025

GOLDMAN SACHS GROUP INC.’s own tally for this item (“Proposal 4: Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm: Our shareholders ratified the selection of PricewaterhouseCoopers LLP as our independent registered public acco”): 250,580,891 for, 15,774,110 against — passed, per its Form 8-K filed April 24, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm: Our shareholders ratified the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2025.”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of GOLDMAN SACHS GROUP INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Ratify Appointment of Independent Auditors” (7 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

The 225 asset managers below reported 82,948,362 for, 679,704 against, 1,038 withheld, 7,812 abstained, 75 unknown.

FOR
FOR: 82,948,362AGAINST: 679,704ABSTAIN: 7,812WITHHOLD: 1,038UNKNOWN: 75
Largest asset managers voting on “Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for 2025” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,472,8490 00For
Fidelity8,640,4020 00For
BlackRock8,539,3080 00For
Capital Group5,815,6610 00For
JPMorgan4,250,37026,259 00For
State Street3,262,93631 00For
Dodge & Cox2,579,1000 00For
Charles Schwab1,919,2440 00For
T. Rowe Price1,847,0780 00For
Invesco1,781,4380 00For
Dimensional1,730,3050 00For
TIAA1,490,7780 00For
Putnam1,000,5500 00For
MFS778,4560 00For
John Hancock750,3290 00For
Prudential/PGIM650,7000 00For
Victory Capital592,6640 00For
Bridge Builder Trust583,8820 00For
Jackson National517,23165,913 00Mixed
Columbia Threadneedle481,7730 00For
Advisors' Inner Circle Fund III420,09715,176 00For
BNY Mellon66,497363,620 00Mixed
JANUS INVESTMENT FUND397,8700 00For
MASTER INVESTMENT PORTFOLIO347,2440 00For
Equitable257,3820 00For

Showing the 25 largest of 225 asset managers. See all 225 in the interactive database.

18. 5. Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives

Official resultFund totals may overlapDIVERSITY, EQUITY, AND INCLUSIONReported outcome: Not approved

Combines 9 wordings of this item as funds reported it.

2% Not approved · of votes cast

AGAINST
FOR: 3,800,556AGAINST: 226,632,545
Details: description as filed, official tally, votes by 240 asset managers

Description as filed by funds: Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives

GOLDMAN SACHS GROUP INC.’s own tally for this item (“5. Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives”): 3,800,556 for, 226,632,545 against — failed, per its Form 8-K filed April 24, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “Our shareholders did not approve this proposal.”
Support: 2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 206 asset managers voting on “Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard028,472,849 00Against
Fidelity08,640,402 00Against
BlackRock08,539,308 00Against
Capital Group05,815,661 00Against
JPMorgan04,276,629 00Against
State Street03,262,967 00Against
Dodge & Cox02,579,100 00Against
Charles Schwab01,919,244 00Against
T. Rowe Price01,847,078 00Against
Invesco01,781,438 00Against
Dimensional01,730,305 00Against
TIAA01,490,778 00Against
Putnam01,000,550 00Against
MFS0778,456 00Against
John Hancock0750,329 00Against
Prudential/PGIM0650,700 00Against
Victory Capital0592,664 00Against
Bridge Builder Trust0583,882 00Against
Jackson National0583,144 00Against
Columbia Threadneedle0481,773 00Against
Advisors' Inner Circle Fund III0435,273 00Against
BNY Mellon0430,117 00Against
JANUS INVESTMENT FUND0397,870 00Against
MASTER INVESTMENT PORTFOLIO0347,244 00Against
Equitable0257,382 00Against

Fund voting reports, all 206 managers: 23,187 for, 83,183,153 against, 1,038 withheld, 244,373 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 26 asset managers voting on “Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Live Oak Private Wealth LLC10,022,4030 00For
Union Investment Management GmbH0358,045 00Against
MARCO INVESTMENT MANAGEMENT LLC041,202 00Against
EDGAR LOMAX CO/VA018,266 00Against
Shorepath Capital Management LLC018,241 00Against
Union Investment Institutional GmbH015,223 00Against
Penobscot Investment Management Company, Inc.013,900 00Against
BEA Union Investment Management Ltd.9,1000 00For
DELTA FINANCIAL ADVISORS LLC06,796 00Against
MITCHELL & PAHL PRIVATE WEALTH, LLC04,418 00Against
OSSIAM02,639 00Against
GREENHAVEN ASSOCIATES INC2,5000 00For
Ulysses Management LLC02,500 00Against
Fortitude Family Office, LLC0995 00Against
Newman Dignan & Sheerar, Inc.0905 00Against
apricus wealth, LLC0450 00Against
Ballew Advisors, Inc0200 00Against
Keystone Wealth Services, LLC0191 00Against
Renaissance Investment Group LLC00 00--
MITCHELL CAPITAL MANAGEMENT CO069 00Against
KKM Financial LLC066 00Against
First Long Island Investors, LLC033 00Against
Leisure Capital Management019 00Against
Stack Financial Management, Inc013 00Against
Decatur Capital Management, Inc.02 00Against

Institutional-manager reports, all 26 managers: 10,034,003 for, 484,173 against, 76 unknown. Showing the 25 largest; see all in the interactive database.

19. 7. Shareholder Proposal Regarding Disclosure of Energy Supply Financing Ratio

Official resultENVIRONMENT OR CLIMATEReported outcome: Not approved

Combines 6 wordings of this item as funds reported it.

15% Not approved · of votes cast

FOR 15%AGAINST
FOR: 34,955,259AGAINST: 194,171,961
Details: description as filed, official tally, votes by 225 asset managers

Description as filed by funds: Shareholder Proposal Regarding Disclosure of Energy Supply Financing Ratio

GOLDMAN SACHS GROUP INC.’s own tally for this item (“7. Shareholder Proposal Regarding Disclosure of Energy Supply Financing Ratio”): 34,955,259 for, 194,171,961 against — failed, per its Form 8-K filed April 24, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “Our shareholders did not approve this proposal.”
Support: 15% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 225 asset managers below reported 3,054,344 for, 80,376,850 against, 1,038 withheld, 245,786 abstained.

AGAINST
FOR: 3,054,344AGAINST: 80,376,850ABSTAIN: 245,786WITHHOLD: 1,038
Largest asset managers voting on “Shareholder Proposal Regarding Disclosure of Energy Supply Financing Ratio” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard028,472,849 00Against
Fidelity63,3178,577,085 00Against
BlackRock32,0118,507,297 00Against
Capital Group05,815,661 00Against
JPMorgan26,2594,250,370 00Against
State Street2403,262,727 00Against
Dodge & Cox02,579,100 00Against
Charles Schwab01,919,244 00Against
T. Rowe Price01,847,078 00Against
Invesco01,781,438 00Against
Dimensional56,6351,673,670 00Against
TIAA1,490,7780 00For
Putnam01,000,550 00Against
MFS0778,456 00Against
John Hancock5,749744,580 00Against
Prudential/PGIM0650,700 00Against
Victory Capital0592,664 00Against
Bridge Builder Trust0583,882 00Against
Jackson National65,913517,231 00Mixed
Columbia Threadneedle0481,773 00Against
Advisors' Inner Circle Fund III15,176420,097 00Against
BNY Mellon363,62066,497 00Mixed
JANUS INVESTMENT FUND0397,870 00Against
MASTER INVESTMENT PORTFOLIO0347,244 00Against
Equitable155,335102,047 00Mixed

Showing the 25 largest of 225 asset managers. See all 225 in the interactive database.

20. 6. Shareholder Proposal Regarding Racial Discrimination Audit

Official resultDIVERSITY, EQUITY, AND INCLUSIONReported outcome: Not approved

Combines 4 wordings of this item as funds reported it.

2% Not approved · of votes cast

AGAINST
FOR: 4,102,901AGAINST: 225,168,622
Details: description as filed, official tally, votes by 222 asset managers

Description as filed by funds: Shareholder Proposal Regarding Racial Discrimination Audit

GOLDMAN SACHS GROUP INC.’s own tally for this item (“6. Shareholder Proposal Regarding Racial Discrimination Audit”): 4,102,901 for, 225,168,622 against — failed, per its Form 8-K filed April 24, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “Our shareholders did not approve this proposal.”
Support: 2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 222 asset managers below reported 23,331 for, 83,263,699 against, 1,038 withheld, 244,610 abstained, 76 unknown.

AGAINST
FOR: 23,331AGAINST: 83,263,699ABSTAIN: 244,610WITHHOLD: 1,038UNKNOWN: 76
Largest asset managers voting on “Shareholder Proposal Regarding Racial Discrimination Audit” at GOLDMAN SACHS GROUP INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard028,472,849 00Against
Fidelity08,640,402 00Against
BlackRock08,539,308 00Against
Capital Group05,815,661 00Against
JPMorgan04,276,629 00Against
State Street03,262,967 00Against
Dodge & Cox02,579,100 00Against
Charles Schwab01,919,244 00Against
T. Rowe Price01,847,078 00Against
Invesco01,781,438 00Against
Dimensional01,730,305 00Against
TIAA01,490,778 00Against
Putnam01,000,550 00Against
MFS0778,456 00Against
John Hancock0750,329 00Against
Prudential/PGIM0650,700 00Against
Victory Capital0592,664 00Against
Bridge Builder Trust0583,882 00Against
Jackson National0583,144 00Against
Columbia Threadneedle0481,773 00Against
Advisors' Inner Circle Fund III0435,273 00Against
BNY Mellon0430,117 00Against
JANUS INVESTMENT FUND0397,870 00Against
MASTER INVESTMENT PORTFOLIO0347,244 00Against
Equitable0257,382 00Against

Showing the 25 largest of 222 asset managers. See all 222 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of April 24, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest GOLDMAN SACHS GROUP INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 307,628,584 shares outstanding at the time of that meeting.

Fund voting reports: top GOLDMAN SACHS GROUP INC. shareholders by shares voted on “Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 9.26%
2Fidelity 2.81%
3BlackRock 2.78%
4Capital Group 1.89%
5JPMorgan 1.39%
6State Street 1.06%
7Dodge & Cox 0.84%
8Charles Schwab 0.62%
9T. Rowe Price 0.60%
10Invesco 0.58%
Institutional-manager reports: top GOLDMAN SACHS GROUP INC. shareholders by shares voted on “Advisory Vote to Approve Executive Compensation (Say on Pay)”, 2024-2025
#Asset manager % of shares outstanding
1Live Oak Private Wealth LLC 3.26%
2State Street 2.64%
3GEODE CAPITAL MANAGEMENT, LLC 2.18%
4Capital Group 1.92%
5Fisher Asset Management, LLC 1.79%
6T. Rowe Price 1.29%
7Fidelity 1.13%
8Invesco 1.08%
9Dodge & Cox 1.06%
10Northern Trust 0.88%

Reported GOLDMAN SACHS GROUP INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

GOLDMAN SACHS GROUP INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
Vanguard Group 9.48% 13F
BlackRock 7.76% 13F
State Street 6.40% 13F
Morgan Stanley 2.82% 13F
JPMorgan Chase 2.55% 13F
Citadel Advisors 1.21% 13F
T. Rowe Price 1.16% 13F
Northern Trust 1.08% 13F
FMR (Fidelity) 1.05% 13F
THE GOLDMAN SACHS GROUP, INC. 0.82% 13G

Percentages above are of 307,628,584 shares outstanding, as reported by GOLDMAN SACHS GROUP INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from GOLDMAN SACHS GROUP INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At GOLDMAN SACHS GROUP INC.'s shareholder meeting held April 23, 2025, in the 2024-2025 proxy season, 1,330 asset managers reported how they voted in their SEC Form N-PX filings, covering 24,360 separate fund positions. Their filings are grouped here into 20 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory Vote to Approve Executive Compensation (Say on Pay) — GOLDMAN SACHS GROUP INC.'s filing reports the proposal as approved, with 66% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: GOLDMAN SACHS GROUP INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on April 24, 2025.

GOLDMAN SACHS GROUP INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.