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TELEFONICA SA 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated October 14, 2026.

  • 54Reported items
  • 176Asset managers
  • 3,814Fund votes
  • April 9, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from TELEFONICA SA has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge 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 TELEFONICA SA in the interactive database Compare manager voting policies

How asset managers voted at the TELEFONICA SA 2024-2025 meeting

Each item below shows how the 176 asset managers that disclosed a TELEFONICA SA 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 TELEFONICA SA’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. Ratify Appointment of and Elect Ana Maria Sala Andres as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Ratify Appointment of and Elect Ana Maria Sala Andres as Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

2. Ratify Appointment of and Elect Carlos Ocana Orbis as Director

No official resultsDIRECTOR ELECTIONS

96% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 168,757,177 for, 6,799,603 against. 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: 168,757,177AGAINST: 6,799,603
Largest asset managers voting on “Ratify Appointment of and Elect Carlos Ocana Orbis as Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity8,412,199731,849 00Mixed
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century02,089,959 00Against
State Street01,862,388 00Against
Northern Trust6,5801,107,320 00Against
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial200,705562,925 00Mixed
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert0218,290 00Against
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

3. Ratify Appointment of and Elect Emilio Gayo Rodriguez as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Ratify Appointment of and Elect Emilio Gayo Rodriguez as Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

4. Ratify Appointment of and Elect Marc Thomas Murtra Millar as Director

No official resultsDIRECTOR ELECTIONS

74% of fund votes cast · no official result

FORAGAINST
Details: votes by 48 asset managers

The 48 asset managers below reported 129,145,735 for, 46,411,045 against. 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: 129,145,735AGAINST: 46,411,045
Largest asset managers voting on “Ratify Appointment of and Elect Marc Thomas Murtra Millar as Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional019,570,005 00Against
Fidelity731,8498,412,199 00Mixed
TIAA02,789,998 00Against
First Trust02,687,015 00Against
OLD WESTBURY FUNDS INC02,511,304 00Against
AIG/SunAmerica02,235,426 00Against
DWS02,130,251 00Against
American Century02,089,959 00Against
State Street1,862,3880 00For
Northern Trust1,107,3206,580 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial562,925200,705 00Mixed
Franklin Templeton0603,098 00Against
Victory Capital0410,031 00Against
PIMCO0354,180 00Against
Nationwide119,270177,001 00Mixed
Legg Mason0243,079 00Against
Principal0241,096 00Against
Calvert0218,290 00Against
Empower0194,207 00Against
Pacific Life0192,014 00Against
STEWARD FUNDS, INC.0169,980 00Against

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

5. Ratify Appointment of and Elect Olayan M. Alwetaid as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Ratify Appointment of and Elect Olayan M. Alwetaid as Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

6. Ratification and appointment of Mr. Marc Thomas Murtra Millar as an Executive Director

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.2% of fund votes cast · no official result

FOR
Details: votes by 25 asset managers

The 25 asset managers below reported 131,345,535 for, 960,823 against, 28,402 abstained, 53,575 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: 131,345,535AGAINST: 960,823ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “Ratification and appointment of Mr. Marc Thomas Murtra Millar as an Executive Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock139,075773,783 00Mixed
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz293,66182,763 00Mixed
Ultimus Managers Trust353,5300 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust223,06149,898 00Mixed
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National4,98154,379 00Mixed
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Decatur Capital Management, Inc.16,4200 00For
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

7. Ratification and appointment of Mr. Olayan M. Alwetaid as a Proprietary Director

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 25 asset managers

The 25 asset managers below reported 132,306,358 for, 28,402 abstained, 53,575 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: 132,306,358ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “Ratification and appointment of Mr. Olayan M. Alwetaid as a Proprietary Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
Ultimus Managers Trust353,5300 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Decatur Capital Management, Inc.16,4200 00For
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

8. Ratification and appointment of Mr. Carlos Ocana Orbis as a Proprietary Director

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.8% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 131,747,435 for, 188,973 against, 28,402 abstained, 53,575 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: 131,747,435AGAINST: 188,973ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “Ratification and appointment of Mr. Carlos Ocana Orbis as a Proprietary Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock773,783139,075 00Mixed
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust223,06149,898 00Mixed
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

9. RATIFICATION AND APPOINTMENT OF MR. EMILIO GAYO RODRIGUEZ AS AN EXECUTIVE DIRECTOR

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 131,936,408 for, 28,402 abstained, 53,575 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: 131,936,408ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “RATIFICATION AND APPOINTMENT OF MR. EMILIO GAYO RODRIGUEZ AS AN EXECUTIVE DIRECTOR” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

10. Ratification and appointment of Ms. Ana Maria Sala Andres as an Independent Director

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 131,936,408 for, 28,402 abstained, 53,575 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: 131,936,408ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “Ratification and appointment of Ms. Ana Maria Sala Andres as an Independent Director” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

11. Ratify Co-Option and Elect Ana Maria Sala Andres

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Ratify Co-Option and Elect Ana Maria Sala Andres” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

12. Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive…

No official resultsCAPITAL STRUCTURE

78% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 48 asset managers

Description as filed by funds: Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent

The 48 asset managers below reported 137,187,298 for, 38,369,482 against. 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: 137,187,298AGAINST: 38,369,482
Largest asset managers voting on “Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding P” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional019,570,005 00Against
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust02,687,015 00Against
OLD WESTBURY FUNDS INC02,511,304 00Against
AIG/SunAmerica02,235,426 00Against
DWS02,130,251 00Against
American Century02,089,959 00Against
State Street1,862,3880 00For
Northern Trust01,113,900 00Against
Goldman Sachs01,052,195 00Against
Capital Group01,009,720 00Against
Equitable831,0740 00For
Lincoln Financial562,925200,705 00Mixed
Franklin Templeton0603,098 00Against
Victory Capital0410,031 00Against
PIMCO0354,180 00Against
Nationwide119,270177,001 00Mixed
Legg Mason0243,079 00Against
Principal0241,096 00Against
Calvert0218,290 00Against
Empower0194,207 00Against
Pacific Life192,0140 00For
STEWARD FUNDS, INC.0169,980 00Against

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

13. Authorize Issuance of Non-Convertible and/or Convertible Bonds, Debentures, Warrants, and Other Debt Securities up to…

No official resultsCAPITAL STRUCTURE

78% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 48 asset managers

Description as filed by funds: Authorize Issuance of Non-Convertible and/or Convertible Bonds, Debentures, Warrants, and Other Debt Securities up to EUR 25 Billion with Exclusion of Preemptive Rights up to 20 Percent of Capital

The 48 asset managers below reported 136,783,198 for, 38,773,582 against. 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: 136,783,198AGAINST: 38,773,582
Largest asset managers voting on “Authorize Issuance of Non-Convertible and/or Convertible Bonds, Debentures, Warrants, and Other Debt Securitie” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional019,570,005 00Against
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust02,687,015 00Against
OLD WESTBURY FUNDS INC02,511,304 00Against
AIG/SunAmerica02,235,426 00Against
DWS02,130,251 00Against
American Century02,089,959 00Against
State Street1,862,3880 00For
Northern Trust01,113,900 00Against
Goldman Sachs01,052,195 00Against
Capital Group01,009,720 00Against
Equitable615,402215,672 00Mixed
Lincoln Financial562,925200,705 00Mixed
Franklin Templeton0603,098 00Against
Victory Capital0410,031 00Against
PIMCO0354,180 00Against
Nationwide119,270177,001 00Mixed
Legg Mason0243,079 00Against
Principal0241,096 00Against
Calvert0218,290 00Against
Empower0194,207 00Against
Pacific Life192,0140 00For
STEWARD FUNDS, INC.0169,980 00Against

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

14. DELEGATION TO THE BOARD OF DIRECTORS, WITH EXPRESS POWERS OF SUBSTITUTION, FOR A FIVE-YEAR TERM, OF THE POWER TO…

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

97% of fund votes cast · no official result

FOR
Details: description as filed, votes by 25 asset managers

Description as filed by funds: DELEGATION TO THE BOARD OF DIRECTORS, WITH EXPRESS POWERS OF SUBSTITUTION, FOR A FIVE-YEAR TERM, OF THE POWER TO INCREASE SHARE CAPITAL IN ACCORDANCE WITH SECTION 297.1.B) OF THE COMPANIES ACT (LEY DE SOCIEDADES DE CAPITAL), WITH THE POWER TO EXCLUDE THE PRE-EMPTIVE RIGHTS OF SHAREHOLDERS

The 25 asset managers below reported 127,312,492 for, 3,558,268 against, 1,464,000 abstained, 53,575 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: 127,312,492AGAINST: 3,558,268ABSTAIN: 1,464,000UNKNOWN: 53,575
Largest asset managers voting on “DELEGATION TO THE BOARD OF DIRECTORS, WITH EXPRESS POWERS OF SUBSTITUTION, FOR A FIVE-YEAR TERM, OF THE POWER ” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan02,477,323 00Against
Gabelli00 1,464,0000Abstain
Six Circles Trust1,056,7040 00For
John Hancock139,075773,783 00Mixed
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz293,66182,763 00Mixed
Ultimus Managers Trust353,5300 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust223,06149,898 00Mixed
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I086,739 00Against
Jackson National059,360 00Against
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse028,402 00Against
Decatur Capital Management, Inc.16,4200 00For
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

15. DELEGATION TO THE BOARD OF DIRECTORS, WITH EXPRESS POWERS OF SUBSTITUTION, FOR A FIVE-YEAR TERM, OF THE POWER TO ISSUE…

No official resultsCAPITAL STRUCTURE

97% of fund votes cast · no official result

FOR
Details: description as filed, votes by 15 asset managers

Description as filed by funds: DELEGATION TO THE BOARD OF DIRECTORS, WITH EXPRESS POWERS OF SUBSTITUTION, FOR A FIVE-YEAR TERM, OF THE POWER TO ISSUE DEBENTURES, BONDS, NOTES AND OTHER FIXED-INCOME SECURITIES AND HYBRID INSTRUMENTS, INCLUDING PREFERRED SHARES, WHICH MAY IN ALL CASES BE SIMPLE, EXCHANGEABLE AND/OR CONVERTIBLE (PLEASE SEE THE ATTACHED LINK FOR MORE DETAILS)

The 15 asset managers below reported 106,046,512 for, 3,529,866 against. 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: 106,046,512AGAINST: 3,529,866
Largest asset managers voting on “DELEGATION TO THE BOARD OF DIRECTORS, WITH EXPRESS POWERS OF SUBSTITUTION, FOR A FIVE-YEAR TERM, OF THE POWER ” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan02,477,323 00Against
Six Circles Trust1,056,7040 00For
John Hancock139,075773,783 00Mixed
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz293,66182,763 00Mixed
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust223,06149,898 00Mixed
Tidal Trust I206,0760 00For
GPS Funds I086,739 00Against
Jackson National059,360 00Against
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For

16. Delegation to the Board of Directors, with express powers of substitution, for a five-year term, of the power to issue…

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: Delegation to the Board of Directors, with express powers of substitution, for a five-year term, of the power to issue debentures, bonds, notes and other fixed-income securities and hybrid instruments, including preferred shares, which may in all cases be simple, exchangeable and/or convertible and/or grant the holders thereof a share in the earnings of the Company, as well as warrants, with the power to exclude the pre-emptive rights of shareholders. Authorization to guarantee issuances by companies of the Group.

The 10 asset managers below reported 22,758,382 for, 53,575 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: 22,758,382UNKNOWN: 53,575
Largest asset managers voting on “Delegation to the Board of Directors, with express powers of substitution, for a five-year term, of the power ” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab20,015,4130 00For
Gabelli1,464,0000 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Ultimus Managers Trust353,5300 00For
Russell Investments159,8140 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse28,4020 00For
Decatur Capital Management, Inc.16,4200 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

17. Authority to Issue Convertible Securities w/ or w/o Preemptive Rights

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Authority to Issue Convertible Securities w/ or w/o Preemptive Rights” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

18. Authority to Issue Shares w/ or w/o Preemptive Rights

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Authority to Issue Shares w/ or w/o Preemptive Rights” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

19. Approve Allocation of Income

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Approve Allocation of Income” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

20. Approve Consolidated and Standalone Financial Statements

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Approve Consolidated and Standalone Financial Statements” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

21. Approve Discharge of Board

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Approve Discharge of Board” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

22. Approve Dividends Charged Against Unrestricted Reserves

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Approve Dividends Charged Against Unrestricted Reserves” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

23. SHAREHOLDER COMPENSATION. DISTRIBUTION OF DIVIDENDS FROM UNRESTRICTED RESERVES

No official resultsCAPITAL STRUCTURE

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 29 asset managers

The 29 asset managers below reported 132,306,687 for, 28,402 abstained, 53,575 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: 132,306,687ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “SHAREHOLDER COMPENSATION. DISTRIBUTION OF DIVIDENDS FROM UNRESTRICTED RESERVES” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
Ultimus Managers Trust353,5300 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Decatur Capital Management, Inc.16,4200 00For
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
Ironwood Investment Counsel, LLC1200 00For

Showing the 25 largest of 29 asset managers. See all 29 in the interactive database.

24. APPROVAL OF THE MANAGEMENT OF THE BOARD OF DIRECTORS OF TELEFONICA, S.A. DURING FISCAL YEAR 2024

No official resultsCORPORATE GOVERNANCE

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 24 asset managers

The 24 asset managers below reported 131,936,488 for, 28,402 abstained, 53,575 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: 131,936,488ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “APPROVAL OF THE MANAGEMENT OF THE BOARD OF DIRECTORS OF TELEFONICA, S.A. DURING FISCAL YEAR 2024” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For
BIRCHBROOK, INC.800 00For

25. Approval of the Annual Accounts and of the Management Report of both Telefonica, S.A. and its Consolidated Group of…

No official resultsCORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 23 asset managers

Description as filed by funds: Approval of the Annual Accounts and of the Management Report of both Telefonica, S.A. and its Consolidated Group of Companies for fiscal year 2024

The 23 asset managers below reported 131,936,408 for, 28,402 abstained, 53,575 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: 131,936,408ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “Approval of the Annual Accounts and of the Management Report of both Telefonica, S.A. and its Consolidated Gro” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

26. APPROVAL OF THE PROPOSED ALLOCATION OF THE PROFITS/LOSSES OF TELEFONICA, S.A. FOR FISCAL YEAR 2024

No official resultsCAPITAL STRUCTURE

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 131,936,408 for, 28,402 abstained, 53,575 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: 131,936,408ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “APPROVAL OF THE PROPOSED ALLOCATION OF THE PROFITS/LOSSES OF TELEFONICA, S.A. FOR FISCAL YEAR 2024” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

27. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Accounts and Reports” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

28. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Allocation of Profits/Dividends” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

29. Ratification of Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Ratification of Board Acts” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

30. Approve Non-Financial Information Statement

No official resultsCORPORATE GOVERNANCEENVIRONMENT OR CLIMATEHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEDIVERSITY, EQUITY, AND INCLUSION

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 173,302,532 for, 2,254,248 abstained. 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: 173,302,532ABSTAIN: 2,254,248
Largest asset managers voting on “Approve Non-Financial Information Statement” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica00 2,235,4260Abstain
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

31. Approval of the Statement of Non-Financial Information and Sustainability Information of the Consolidated Group of…

No official resultsCORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 23 asset managers

Description as filed by funds: Approval of the Statement of Non-Financial Information and Sustainability Information of the Consolidated Group of Companies led by Telefonica, S.A. for fiscal year 2024 included in the Consolidated Management Report of Telefonica, S.A. and of its Group of Companies for such fiscal year

The 23 asset managers below reported 130,472,408 for, 1,492,402 abstained, 53,575 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: 130,472,408ABSTAIN: 1,492,402UNKNOWN: 53,575
Largest asset managers voting on “Approval of the Statement of Non-Financial Information and Sustainability Information of the Consolidated Grou” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli00 1,464,0000Abstain
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

32. Authorize Board to Ratify and Execute Approved Resolutions

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 48 asset managers

The 48 asset managers below reported 175,556,780 for. 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: 175,556,780
Largest asset managers voting on “Authorize Board to Ratify and Execute Approved Resolutions” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Victory Capital410,0310 00For
PIMCO354,1800 00For
Nationwide296,2710 00For
Legg Mason243,0790 00For
Principal241,0960 00For
Calvert218,2900 00For
Empower194,2070 00For
Pacific Life192,0140 00For
STEWARD FUNDS, INC.169,9800 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

33. DELEGATION OF POWERS TO FORMALIZE, INTERPRET, RECTIFY AND CARRY OUT THE RESOLUTIONS ADOPTED BY THE SHAREHOLDERS AT THE…

No official resultsCORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 25 asset managers

Description as filed by funds: DELEGATION OF POWERS TO FORMALIZE, INTERPRET, RECTIFY AND CARRY OUT THE RESOLUTIONS ADOPTED BY THE SHAREHOLDERS AT THE GENERAL SHAREHOLDERS' MEETING

The 25 asset managers below reported 132,359,933 for, 28,402 abstained. 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: 132,359,933ABSTAIN: 28,402
Largest asset managers voting on “DELEGATION OF POWERS TO FORMALIZE, INTERPRET, RECTIFY AND CARRY OUT THE RESOLUTIONS ADOPTED BY THE SHAREHOLDER” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock98,195,3170 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan2,477,3230 00For
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock912,8580 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz376,4240 00For
Ultimus Managers Trust353,5300 00For
MASTER INVESTMENT PORTFOLIO320,7010 00For
Bridge Builder Trust272,9590 00For
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National59,3600 00For
ZEVIN ASSET MANAGEMENT LLC53,5750 00For
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Decatur Capital Management, Inc.16,4200 00For
Forethought Variable Insurance Trust13,4520 00For
RBB FUND, INC.9,7250 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

34. Authorisation of Legal Formalities

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Authorisation of Legal Formalities” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

35. CONSULTATIVE VOTE ON THE 2024 ANNUAL REPORT ON DIRECTORS' REMUNERATION.

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 7 wordings of this item as funds reported it.

94% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 114 asset managers

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). 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.

Fund voting reports: 23 asset managers voting on “CONSULTATIVE VOTE ON THE 2024 ANNUAL REPORT ON DIRECTORS' REMUNERATION.” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock97,148,1951,047,122 00For
Charles Schwab20,015,4130 00For
Pacer Funds Trust4,587,9720 00For
JPMorgan02,477,323 00Against
Gabelli1,464,0000 00For
Six Circles Trust1,056,7040 00For
John Hancock139,075773,783 00Mixed
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Allianz293,66182,763 00Mixed
Ultimus Managers Trust353,5300 00For
MASTER INVESTMENT PORTFOLIO291,95628,745 00Mixed
Bridge Builder Trust223,06149,898 00Mixed
Tidal Trust I206,0760 00For
Russell Investments159,8140 00For
GPS Funds I86,7390 00For
Jackson National059,360 00Against
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Forethought Variable Insurance Trust013,452 00Against
RBB FUND, INC.09,725 00Against
CITY NATIONAL ROCHDALE FUNDS990 00For

Fund voting reports, all 23 managers: 127,747,767 for, 4,542,171 against, 28,402 abstained.

Institutional-manager reports: 94 asset managers voting on “CONSULTATIVE VOTE ON THE 2024 ANNUAL REPORT ON DIRECTORS' REMUNERATION.” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock71,531,6629,167,642 00Mixed
LETKO, BROSSEAU & ASSOCIATES INC4,402,1620 00For
Northern Trust4,320,6780 00For
Siemens Fonds Invest GmbH1,410,7220 00For
Natixis348,8470 00For
NIA IMPACT ADVISORS, LLC288,8360 00For
1832 Asset Management L.P.0260,073 00Against
Korea Investment CORP0237,840 00Against
First Trust171,3180 00For
NATIONAL BANK TRUST INC.0152,453 00Against
South Dakota Investment Council151,7260 00For
MITCHELL & PAHL PRIVATE WEALTH, LLC146,6140 00For
ADVISOR PARTNERS II, LLC137,8700 00For
AUXIER ASSET MANAGEMENT123,2270 00For
MERCER GLOBAL ADVISORS INC /ADV97,4920 00For
Corient Private Wealth LLC71782,048 00Against
ENVESTNET ASSET MANAGEMENT INC81,3270 00For
Gabelli76,0000 00For
WELCH & FORBES LLC67,7200 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
KEYBANK NATIONAL ASSOCIATION/OH049,065 00Against
Corient IA LLC35,0000 00For
PNC BANK, NATIONAL ASSOCIATION34,6630 00For
Callan Family Office, LLC33,5060 00For
Savant Capital, LLC20,5780 00For

Institutional-manager reports, all 94 managers: 83,651,720 for, 9,983,003 against, 2,240 abstained, 1,683 not voted, 53,575 unknown. Showing the 25 largest; see all in the interactive database.

36. Advisory Vote on Remuneration Report

69% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: votes by 51 asset managers

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). 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.

Fund voting reports: 47 asset managers voting on “Advisory Vote on Remuneration Report” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
Dimensional019,570,005 00Against
Fidelity09,144,048 00Against
TIAA2,789,9980 00For
First Trust02,687,015 00Against
OLD WESTBURY FUNDS INC02,511,304 00Against
AIG/SunAmerica02,235,426 00Against
DWS02,130,251 00Against
American Century02,089,959 00Against
State Street1,862,3880 00For
Northern Trust1,107,3206,580 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
Equitable615,402215,672 00Mixed
Lincoln Financial562,925200,705 00Mixed
Franklin Templeton0603,098 00Against
Victory Capital0410,031 00Against
PIMCO0354,180 00Against
Nationwide119,270177,001 00Mixed
Legg Mason0243,079 00Against
Principal0241,096 00Against
Calvert0218,290 00Against
Empower0194,207 00Against
Pacific Life0192,014 00Against
STEWARD FUNDS, INC.0169,980 00Against

Fund voting reports, all 47 managers: 130,834,257 for, 44,722,523 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Advisory Vote on Remuneration Report” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
APG Asset Management US Inc.08,688,870 00Against
JPMorgan05,245,729 00Against
Desjardins Global Asset Management Inc.0903,446 00Against

Institutional-manager reports, all 3 managers: 14,838,045 against.

37. Remuneration Report

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 9 asset managers

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). 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.

Fund voting reports: 7 asset managers voting on “Remuneration Report” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

Fund voting reports, all 7 managers: 5,205,095 for.

Institutional-manager reports: 2 asset managers voting on “Remuneration Report” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Union Investment Institutional GmbH354,7590 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma1,3000 00For

Institutional-manager reports, all 2 managers: 356,059 for.

38. Renew Appointment of PricewaterhouseCoopers as Auditor

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 63 asset managers

The 63 asset managers below reported 285,133,158 for. 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: 285,133,158
Largest asset managers voting on “Renew Appointment of PricewaterhouseCoopers as Auditor” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard121,343,5100 00For
BlackRock98,195,3170 00For
Dimensional19,570,0050 00For
Fidelity9,144,0480 00For
Pacer Funds Trust4,587,9720 00For
TIAA2,789,9980 00For
First Trust2,687,0150 00For
OLD WESTBURY FUNDS INC2,511,3040 00For
JPMorgan2,477,3230 00For
AIG/SunAmerica2,235,4260 00For
DWS2,130,2510 00For
American Century2,089,9590 00For
State Street1,862,3880 00For
Northern Trust1,113,9000 00For
Six Circles Trust1,056,7040 00For
Goldman Sachs1,052,1950 00For
Capital Group1,009,7200 00For
John Hancock912,8580 00For
Equitable831,0740 00For
Lincoln Financial763,6300 00For
Franklin Templeton603,0980 00For
Investment Managers Series Trust578,0640 00For
Two Roads Shared Trust422,7040 00For
Victory Capital410,0310 00For
Allianz376,4240 00For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

39. Re-election of the Statutory Auditor for fiscal year 2025.

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 22,729,980 for, 28,402 abstained, 53,575 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: 22,729,980ABSTAIN: 28,402UNKNOWN: 53,575
Largest asset managers voting on “Re-election of the Statutory Auditor for fiscal year 2025.” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab20,015,4130 00For
Gabelli1,464,0000 00For
TRUST FOR PROFESSIONAL MANAGERS686,5850 00For
Ultimus Managers Trust353,5300 00For
Russell Investments159,8140 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
FORUM FUNDS34,1190 00For
Brighthouse00 28,4020Abstain
Decatur Capital Management, Inc.16,4200 00For
CITY NATIONAL ROCHDALE FUNDS990 00For

40. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 5,205,095 for. 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: 5,205,095
Largest asset managers voting on “Appointment of Auditor” at TELEFONICA SA, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,904,7050 00For
SEI223,4760 00For
Global X41,1010 00For
Russell Investments12,9450 00For
ETFis Series Trust I8,7600 00For
Prudential/PGIM8,6090 00For
Adviser Managed Trust5,4990 00For

Showing the 40 reported items with the widest manager coverage, of 54 in total. View every item.

Largest TELEFONICA SA 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 5,670,161,554 shares outstanding at the time of that meeting.

Fund voting reports: top TELEFONICA SA shareholders by shares voted on “Renew Appointment of PricewaterhouseCoopers as Auditor”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 2.14%
2BlackRock 1.73%
3Dimensional 0.35%
4Fidelity 0.16%
5Pacer Funds Trust 0.08%
6TIAA 0.05%
7First Trust 0.05%
8OLD WESTBURY FUNDS INC 0.04%
9JPMorgan 0.04%
10AIG/SunAmerica 0.04%
Institutional-manager reports: top TELEFONICA SA shareholders by shares voted on “CONSULTATIVE VOTE ON THE 2024 ANNUAL REPORT ON DIRECTORS' REMUNERATION.”, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 1.42%
2LETKO, BROSSEAU & ASSOCIATES INC 0.08%
3Northern Trust 0.08%
4Siemens Fonds Invest GmbH 0.02%
5Natixis <0.01%
6NIA IMPACT ADVISORS, LLC <0.01%
71832 Asset Management L.P. <0.01%
8Korea Investment CORP <0.01%
9First Trust <0.01%
10NATIONAL BANK TRUST INC. <0.01%

Reported TELEFONICA SA 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.

TELEFONICA SA holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
Green Bridge Investment Company SCS 9.97% 13D

Percentages above are of 5,670,161,554 shares outstanding, as reported by TELEFONICA SA on its Form 20-F dated December 31, 2024 (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 TELEFONICA SA’s 20-F dated December 31, 2024. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At TELEFONICA SA's shareholder meeting held April 9, 2025, in the 2024-2025 proxy season, 176 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,814 separate fund positions. Their filings are grouped here into 54 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — CONSULTATIVE VOTE ON THE 2024 ANNUAL REPORT ON DIRECTORS' REMUNERATION. — the reporting funds and managers cast 94% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

TELEFONICA SA proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

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