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PRINCIPAL FINANCIAL GROUP INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and PRINCIPAL FINANCIAL GROUP INC.’s Form 8-K, filed May 22, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

6Ballot items
760Asset managers
4,608Fund votes
May 20, 2025Meeting date

Results at a glance

Meeting of May 20, 2025: 6 items on PRINCIPAL FINANCIAL GROUP INC.’s Form 8-K, filed May 22, 2025: 6 without a stated outcome.

Material dissent

None.

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 PRINCIPAL FINANCIAL GROUP INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by PRINCIPAL FINANCIAL GROUP INC.

These tallies are PRINCIPAL FINANCIAL GROUP INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 22, 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.

PRINCIPAL FINANCIAL GROUP INC. — official shareholder meeting results, meeting held May 20, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: H. Elizabeth Mitchell	136,860,148	13,687,750	407,449	--	19,322,185	91%	Not verified	—
Elect Director: Blair C. Pickerell	148,362,943	2,405,474	186,930	--	19,322,185	98%	Not verified	—
Elect Director: Clare S. Richer	149,301,589	1,474,394	179,364	--	19,322,185	99.0%	Not verified	—
Elect Director: Deanna D. Strable-Soethout	150,469,142	296,375	189,830	--	19,322,185	99.8%	Not verified	—
2. Advisory Vote to Approve Executive Compensation	142,675,128	7,735,191	545,028	--	19,322,185	95%	Not verified	—
3. Ratification of Appointment of Independent Registered Public Accountants	160,644,877	9,439,069	193,586	--	0	94%	Not verified	—

Source: PRINCIPAL FINANCIAL GROUP INC., Form 8-K, filed with the SEC on May 22, 2025 — read the filing on EDGAR.

How asset managers voted at the PRINCIPAL FINANCIAL GROUP INC. 2024-2025 meeting

Each item below shows how the 760 asset managers that disclosed a PRINCIPAL FINANCIAL 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.

1. Elect Director: Blair C. Pickerell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 148,362,943AGAINST: 2,405,474

Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: Election of Directors: Blair C. Pickerell

PRINCIPAL FINANCIAL GROUP INC.’s own tally for this item (“Elect Director: Blair C. Pickerell”): 148,362,943 for, 2,405,474 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 61,353,098 for, 288,563 against, 6,086 abstained, 33 not voted.

FOR

FOR: 61,353,098AGAINST: 288,563ABSTAIN: 6,086NOT VOTED: 33

Largest asset managers voting on “Election of Directors: Blair C. Pickerell” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	21,391,377	5	0	For
BlackRock	9,043,452	0	0	For
Fidelity	5,127,043	0	0	For
Capital Group	4,896,183	0	0	For
State Street	3,474,305	0	0	For
Victory Capital	2,783,757	0	0	For
Dimensional	2,727,918	0	0	For
Invesco	2,157,802	0	0	For
Hartford	1,851,910	0	0	For
Charles Schwab	1,440,160	0	0	For
CITY NATIONAL ROCHDALE FUNDS	640,152	0	0	For
TIAA	545,123	0	0	For
MFS	513,971	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	401,851	0	0	For
MASTER INVESTMENT PORTFOLIO	331,858	0	0	For
First Trust	220,155	0	0	For
WisdomTree	204,118	0	0	For
Jackson National	196,614	0	0	For
John Hancock	186,470	0	0	For
Equitable	72,270	108,369	0	Mixed
Northern Trust	180,219	0	0	For
Brighthouse	170,662	2,654	6,086	For
T. Rowe Price	0	154,333	0	Against
Six Circles Trust	150,311	0	0	For
TOUCHSTONE FUNDS GROUP TRUST	143,592	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

2. Elect Director: Clare S. Richer

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 149,301,589AGAINST: 1,474,394

Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: Election of Directors: Clare S. Richer

PRINCIPAL FINANCIAL GROUP INC.’s own tally for this item (“Elect Director: Clare S. Richer”): 149,301,589 for, 1,474,394 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 61,353,099 for, 288,561 against, 6,086 abstained, 33 not voted.

FOR

FOR: 61,353,099AGAINST: 288,561ABSTAIN: 6,086NOT VOTED: 33

Largest asset managers voting on “Election of Directors: Clare S. Richer” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	21,391,379	3	0	For
BlackRock	9,043,452	0	0	For
Fidelity	5,127,043	0	0	For
Capital Group	4,896,183	0	0	For
State Street	3,474,305	0	0	For
Victory Capital	2,783,757	0	0	For
Dimensional	2,727,918	0	0	For
Invesco	2,157,802	0	0	For
Hartford	1,851,910	0	0	For
Charles Schwab	1,440,160	0	0	For
CITY NATIONAL ROCHDALE FUNDS	640,152	0	0	For
TIAA	545,123	0	0	For
MFS	513,971	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	401,851	0	0	For
MASTER INVESTMENT PORTFOLIO	331,858	0	0	For
First Trust	220,155	0	0	For
WisdomTree	204,118	0	0	For
Jackson National	196,614	0	0	For
John Hancock	186,470	0	0	For
Equitable	72,270	108,369	0	Mixed
Northern Trust	180,219	0	0	For
Brighthouse	170,662	2,654	6,086	For
T. Rowe Price	0	154,333	0	Against
Six Circles Trust	150,311	0	0	For
TOUCHSTONE FUNDS GROUP TRUST	143,592	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

3. Elect Director: Deanna D. Strable-Soethout

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 150,469,142AGAINST: 296,375

Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: Election of Directors: Deanna D. Strable-Soethout

PRINCIPAL FINANCIAL GROUP INC.’s own tally for this item (“Elect Director: Deanna D. Strable-Soethout”): 150,469,142 for, 296,375 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 61,635,250 for, 6,410 against, 6,086 abstained, 33 not voted.

FOR

FOR: 61,635,250AGAINST: 6,410ABSTAIN: 6,086NOT VOTED: 33

Largest asset managers voting on “Election of Directors: Deanna D. Strable-Soethout” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	21,391,381	0	For
BlackRock	9,043,452	0	For
Fidelity	5,127,043	0	For
Capital Group	4,896,183	0	For
State Street	3,474,305	0	For
Victory Capital	2,783,757	0	For
Dimensional	2,727,918	0	For
Invesco	2,157,802	0	For
Hartford	1,851,910	0	For
Charles Schwab	1,440,160	0	For
CITY NATIONAL ROCHDALE FUNDS	640,152	0	For
TIAA	545,123	0	For
MFS	513,971	0	For
TRUST FOR PROFESSIONAL MANAGERS	401,851	0	For
MASTER INVESTMENT PORTFOLIO	331,858	0	For
First Trust	220,155	0	For
WisdomTree	204,118	0	For
Jackson National	196,614	0	For
John Hancock	186,470	0	For
Equitable	180,639	0	For
Northern Trust	180,219	0	For
Brighthouse	173,316	6,086	For
T. Rowe Price	154,333	0	For
Six Circles Trust	150,311	0	For
TOUCHSTONE FUNDS GROUP TRUST	143,592	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

4. Elect Director: H. Elizabeth Mitchell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%

FOR: 136,860,148AGAINST: 13,687,750

Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: Election of Directors: H. Elizabeth Mitchell

PRINCIPAL FINANCIAL GROUP INC.’s own tally for this item (“Elect Director: H. Elizabeth Mitchell”): 136,860,148 for, 13,687,750 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 55,442,580 for, 6,199,080 against, 6,087 abstained, 33 not voted.

FOR

FOR: 55,442,580AGAINST: 6,199,080ABSTAIN: 6,087NOT VOTED: 33

Largest asset managers voting on “Election of Directors: H. Elizabeth Mitchell” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	21,391,376	5	1	For
BlackRock	9,043,452	0	0	For
Fidelity	5,127,043	0	0	For
Capital Group	4,896,183	0	0	For
State Street	6,779	3,467,526	0	Against
Victory Capital	2,783,757	0	0	For
Dimensional	2,727,918	0	0	For
Invesco	0	2,157,802	0	Against
Hartford	1,851,910	0	0	For
Charles Schwab	1,440,160	0	0	For
CITY NATIONAL ROCHDALE FUNDS	640,152	0	0	For
TIAA	545,123	0	0	For
MFS	513,971	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	401,851	0	0	For
MASTER INVESTMENT PORTFOLIO	331,858	0	0	For
First Trust	220,155	0	0	For
WisdomTree	204,118	0	0	For
Jackson National	196,614	0	0	For
John Hancock	186,470	0	0	For
Equitable	70,188	110,451	0	Mixed
Northern Trust	180,219	0	0	For
Brighthouse	170,662	2,654	6,086	For
T. Rowe Price	0	154,333	0	Against
Six Circles Trust	150,311	0	0	For
TOUCHSTONE FUNDS GROUP TRUST	143,592	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

5. 2. Advisory Vote to Approve Executive Compensation

Outcome not verified Fund totals may overlapCOMPENSATIONReported outcome: Not verified

Combines 16 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 142,675,128AGAINST: 7,735,191

Details: description as filed, official tally, votes by 760 asset managers

Description as filed by funds: Advisory approval of the compensation of our named executive officers

PRINCIPAL FINANCIAL GROUP INC.’s own tally for this item (“2. Advisory Vote to Approve Executive Compensation”): 142,675,128 for, 7,735,191 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% 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: 127 asset managers voting on “Advisory approval of the compensation of our named executive officers” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	21,391,365	16	1	For
BlackRock	9,043,452	0	0	For
Fidelity	5,127,043	0	0	For
Capital Group	4,896,183	0	0	For
State Street	3,474,305	0	0	For
Victory Capital	2,783,757	0	0	For
Dimensional	2,727,918	0	0	For
Invesco	2,157,802	0	0	For
Hartford	1,851,910	0	0	For
Charles Schwab	1,440,160	0	0	For
CITY NATIONAL ROCHDALE FUNDS	640,152	0	0	For
TIAA	0	545,123	0	Against
MFS	513,971	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	401,851	0	0	For
MASTER INVESTMENT PORTFOLIO	331,858	0	0	For
First Trust	220,155	0	0	For
WisdomTree	204,118	0	0	For
Jackson National	196,614	0	0	For
John Hancock	186,470	0	0	For
Equitable	180,639	0	0	For
Northern Trust	180,219	0	0	For
Brighthouse	173,316	0	6,086	For
T. Rowe Price	154,333	0	0	For
Six Circles Trust	150,311	0	0	For
TOUCHSTONE FUNDS GROUP TRUST	143,592	0	0	For

Fund voting reports, all 127 managers: 60,943,031 for, 666,185 against, 6,087 abstained, 33 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 664 asset managers voting on “Advisory approval of the compensation of our named executive officers” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Against	Vote
CAPITAL MANAGEMENT CORP /VA	11,979,382	0	For
State Street	7,233,519	0	For
BlackRock	6,197,626	948	For
GEODE CAPITAL MANAGEMENT, LLC	5,459,476	0	For
Capital Research Global Investors	4,981,844	0	For
Victory Capital	3,231,235	0	For
Invesco	2,378,782	0	For
Northern Trust	2,127,445	0	For
Wellington	1,944,187	0	For
Charles Schwab	1,463,971	0	For
Vanguard	1,457,361	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,419,498	0	For
Amundi	0	1,020,478	Against
Legal & General Investment Management Ltd	21,236	988,069	Against
AustralianSuper Pty Ltd	0	967,025	Against
MELLON INVESTMENTS Corp	944,291	0	For
UBS	878,690	26,967	For
JPMorgan	697,453	0	For
Dimensional	675,743	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	631,746	0	For
T. Rowe Price	587,851	0	For
Nuveen	0	563,038	Against
APG Asset Management US Inc.	510,322	0	For
Legal & General Investment Management America Inc	0	445,996	Against
Goldman Sachs	423,471	0	For

Institutional-manager reports, all 664 managers: 67,127,643 for, 5,963,507 against, 227,751 abstained, 83,246 not voted, 2,692 unknown. Showing the 25 largest; see all in the interactive database.

6. 3. Ratification of Appointment of Independent Registered Public Accountants

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 160,644,877AGAINST: 9,439,069

Details: description as filed, official tally, votes by 120 asset managers

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR 2025

PRINCIPAL FINANCIAL GROUP INC.’s own tally for this item (“3. Ratification of Appointment of Independent Registered Public Accountants”): 160,644,877 for, 9,439,069 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
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 PRINCIPAL FINANCIAL 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” (4 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

The 120 asset managers below reported 61,288,409 for, 95,621 against, 6,086 abstained, 33 not voted.

FOR

FOR: 61,288,409AGAINST: 95,621ABSTAIN: 6,086NOT VOTED: 33

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR 2025” at PRINCIPAL FINANCIAL GROUP INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	21,382,883	8,499	0	For
BlackRock	9,043,452	0	0	For
Fidelity	5,127,043	0	0	For
Capital Group	4,896,183	0	0	For
State Street	3,474,123	182	0	For
Victory Capital	2,783,757	0	0	For
Dimensional	2,727,918	0	0	For
Invesco	2,157,802	0	0	For
Hartford	1,851,910	0	0	For
Charles Schwab	1,440,160	0	0	For
CITY NATIONAL ROCHDALE FUNDS	640,152	0	0	For
TIAA	545,123	0	0	For
MFS	513,971	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	401,851	0	0	For
MASTER INVESTMENT PORTFOLIO	331,858	0	0	For
First Trust	220,155	0	0	For
WisdomTree	204,118	0	0	For
Jackson National	196,614	0	0	For
John Hancock	186,470	0	0	For
Equitable	180,639	0	0	For
Northern Trust	180,219	0	0	For
Brighthouse	173,316	0	6,086	For
T. Rowe Price	154,333	0	0	For
Six Circles Trust	150,311	0	0	For
TOUCHSTONE FUNDS GROUP TRUST	143,592	0	0	For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 21, 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 PRINCIPAL FINANCIAL 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.

Fund voting reports: top PRINCIPAL FINANCIAL GROUP INC. shareholders by shares voted on “Advisory approval of the compensation of our named executive officers”, 2024-2025
#	Asset manager	Shares voted
1	Vanguard	21,391,382
2	BlackRock	9,043,452
3	Fidelity	5,127,043
4	Capital Group	4,896,183
5	State Street	3,474,305
6	Victory Capital	2,783,757
7	Dimensional	2,727,918
8	Invesco	2,157,802
9	Hartford	1,851,910
10	Charles Schwab	1,440,193

Institutional-manager reports: top PRINCIPAL FINANCIAL GROUP INC. shareholders by shares voted on “Advisory approval of the compensation of our named executive officers”, 2024-2025
#	Asset manager	Shares voted
1	CAPITAL MANAGEMENT CORP /VA	11,979,382
2	State Street	7,233,519
3	BlackRock	6,198,574
4	GEODE CAPITAL MANAGEMENT, LLC	5,459,476
5	Capital Research Global Investors	4,981,844
6	Victory Capital	3,231,235
7	Invesco	2,378,782
8	Northern Trust	2,127,445
9	Wellington	1,944,187
10	Charles Schwab	1,468,758

Shown as share counts, not percentages: no shares-outstanding figure has been matched to PRINCIPAL FINANCIAL GROUP INC. for the 2024-2025 season, so there is no denominator to divide by.

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. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At PRINCIPAL FINANCIAL GROUP INC.'s shareholder meeting held May 20, 2025, in the 2024-2025 proxy season, 760 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 4,608 separate fund positions. On the most widely held item on that ballot — Advisory approval of the compensation of our named executive officers — FOR was 95% 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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: PRINCIPAL FINANCIAL GROUP INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 22, 2025.

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

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