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TOAST INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and TOAST INC.’s Form 8-K, filed June 17, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 4Ballot items
  • 611Asset managers
  • 2,651Fund votes
  • June 13, 2025Meeting date

Results at a glance

Meeting of June 13, 2025: 4 items on TOAST INC.’s Form 8-K, filed June 17, 2025: 2 elected · 2 approved.

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 TOAST INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by TOAST INC.

These tallies are TOAST INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 17, 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.

TOAST INC. — official shareholder meeting results, meeting held June 13, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Paul Bell 1,000,428,349---- 65,264,16595,589,597 94%Elected—
Elect Director: Hilarie Koplow-McAdams 1,007,467,233---- 58,225,28195,589,597 95%Elected—
2. Ratification of Appointment of Independent Registered Public Accounting Firm 1,159,597,1111,031,913653,087 --0 99.9%Approved—
3. Advisory Vote on Compensation of Named Executive Officers 1,051,190,25414,164,118338,142 --95,589,597 99%Approved—

Source: TOAST INC., Form 8-K, filed with the SEC on June 17, 2025 — read the filing on EDGAR.

How asset managers voted at the TOAST INC. 2024-2025 meeting

Each item below shows how the 611 asset managers that disclosed a TOAST 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: Hilarie Koplow-McAdams

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 1,007,467,233WITHHELD: 58,225,281
Details: description as filed, official tally, votes by 124 asset managers

Description as filed by funds: Election of Directors: Hilarie Koplow-McAdams

TOAST INC.’s own tally for this item (“Elect Director: Hilarie Koplow-McAdams”): 1,007,467,233 for, 58,225,281 withheld, per its Form 8-K filed June 17, 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: “The stockholders of the Company voted on the following three proposals at the Annual Meeting, each of which is more fully described in the Company's definitive proxy statement filed with the SEC on April 24, 2025: Proposal One: Election of Directors The Company's stockholders elected each of Paul B…”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 124 asset managers below reported 183,920,779 for, 13,093,615 withheld, 1,970 abstained, 1,246 not voted.

FOR
FOR: 183,920,779ABSTAIN: 1,970WITHHOLD: 13,093,615NOT VOTED: 1,246
Largest asset managers voting on “Election of Directors: Hilarie Koplow-McAdams” at TOAST INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard43,444,4740 51,042,650For
Capital Group32,801,6200 00For
Fidelity29,684,7610 086,400For
T. Rowe Price25,046,4340 00For
BlackRock8,241,8610 00For
AMCAP FUND6,706,8790 00For
Principal00 04,208,840Withhold
INVESTMENT CO OF AMERICA4,072,7690 00For
Lord Abbett3,124,9950 00For
Charles Schwab3,092,3820 00For
MUTUAL FUND SERIES TRUST2,451,4720 00For
JPMorgan2,012,7490 00For
Federated Hermes1,975,3160 00For
Prudential/PGIM1,973,2220 00For
First Trust00 01,881,832Withhold
Jackson National1,458,1970 0411,895Mixed
ARK ETF Trust1,838,6520 00For
Bridge Builder Trust762,1550 0967,007Mixed
Invesco1,582,8800 00For
Virtus1,420,6370 00For
Advisors' Inner Circle Fund II1,365,0000 00For
Allspring00 01,363,684Withhold
TIAA1,346,4930 00For
Franklin Custodian Funds1,200,0000 00For
MassMutual815,3860 00For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

2. Elect Director: Paul Bell

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 1,000,428,349WITHHELD: 65,264,165
Details: description as filed, official tally, votes by 124 asset managers

Description as filed by funds: Election of Directors: Paul Bell

TOAST INC.’s own tally for this item (“Elect Director: Paul Bell”): 1,000,428,349 for, 65,264,165 withheld, per its Form 8-K filed June 17, 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: “The stockholders of the Company voted on the following three proposals at the Annual Meeting, each of which is more fully described in the Company's definitive proxy statement filed with the SEC on April 24, 2025: Proposal One: Election of Directors The Company's stockholders elected each of Paul B…”
Support: 94% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 124 asset managers below reported 183,789,643 for, 13,224,751 withheld, 1,970 abstained, 1,246 not voted.

FOR
FOR: 183,789,643ABSTAIN: 1,970WITHHOLD: 13,224,751NOT VOTED: 1,246
Largest asset managers voting on “Election of Directors: Paul Bell” at TOAST INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard43,444,4740 51,042,650For
Capital Group32,801,6200 00For
Fidelity29,684,7610 086,400For
T. Rowe Price25,046,4340 00For
BlackRock8,241,8610 00For
AMCAP FUND6,706,8790 00For
Principal00 04,208,840Withhold
INVESTMENT CO OF AMERICA4,072,7690 00For
Lord Abbett3,124,9950 00For
Charles Schwab3,092,3820 00For
MUTUAL FUND SERIES TRUST2,451,4720 00For
JPMorgan2,012,7490 00For
Federated Hermes1,975,3160 00For
Prudential/PGIM1,973,2220 00For
First Trust00 01,881,832Withhold
Jackson National1,458,1970 0411,895Mixed
ARK ETF Trust1,838,6520 00For
Bridge Builder Trust762,1550 0967,007Mixed
Invesco1,582,8800 00For
Virtus1,420,6370 00For
Advisors' Inner Circle Fund II1,365,0000 00For
Allspring00 01,363,684Withhold
TIAA1,346,4930 00For
Franklin Custodian Funds1,200,0000 00For
MassMutual815,3860 00For

Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.

3. 3. Advisory Vote on Compensation of Named Executive Officers

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 16 wordings of this item as funds reported it.

99% Approved · of votes cast

FOR 99%
FOR: 1,051,190,254AGAINST: 14,164,118
Details: description as filed, official tally, votes by 601 asset managers

Description as filed by funds: To approve, on an advisory (non- binding) basis, the compensation of our named executive officers.

TOAST INC.’s own tally for this item (“3. Advisory Vote on Compensation of Named Executive Officers”): 1,051,190,254 for, 14,164,118 against — passed, per its Form 8-K filed June 17, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal Three: Advisory Vote on Compensation of Named Executive Officers The Company's stockholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024, as disclosed in the Company's proxy statement for…”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of TOAST INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Section 14a Executive Compensation” (6 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “SECTION 14A SAY-ON-PAY VOTES” (2 managers, 63 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: 122 asset managers voting on “To approve, on an advisory (non- binding) basis, the compensation of our named executive officers.” at TOAST INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard44,482,1005,029 00For
Capital Group32,801,6200 00For
Fidelity29,771,1610 00For
T. Rowe Price25,046,4340 00For
BlackRock8,241,8610 00For
AMCAP FUND6,706,8790 00For
Principal4,208,8400 00For
INVESTMENT CO OF AMERICA4,072,7690 00For
Lord Abbett3,124,9950 00For
Charles Schwab3,092,3820 00For
MUTUAL FUND SERIES TRUST2,451,4720 00For
JPMorgan2,012,7490 00For
Federated Hermes1,975,3160 00For
Prudential/PGIM1,973,2220 00For
First Trust1,881,8320 00For
Jackson National1,566,835303,257 00Mixed
ARK ETF Trust1,838,6520 00For
Bridge Builder Trust1,729,1620 00For
Invesco01,582,880 00Against
Virtus1,420,6370 00For
Advisors' Inner Circle Fund II1,365,0000 00For
Allspring1,363,6840 00For
TIAA1,346,4930 00For
Franklin Custodian Funds1,200,0000 00For
MassMutual815,3860 00For

Fund voting reports, all 122 managers: 194,465,513 for, 2,387,410 against, 25,989 abstained, 1,246 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 506 asset managers voting on “To approve, on an advisory (non- binding) basis, the compensation of our named executive officers.” at TOAST INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group45,960,7540 00For
T. Rowe Price38,220,3740 00For
Fidelity25,869,5450 00For
Durable Capital Partners LP11,211,4170 00For
BlackRock10,495,7790 00For
GEODE CAPITAL MANAGEMENT, LLC7,722,8550 00For
State Street7,208,1260 00For
JPMorgan5,282,7030 00For
PRINCIPAL GLOBAL INVESTORS5,121,3910 00For
Nikko Asset Management Co., Ltd.5,015,3280 00For
XN LP4,666,6320 00For
Abdiel Capital Advisors, LP3,385,1150 00For
LORD, ABBETT & CO. LLC3,210,6940 00For
Charles Schwab3,137,1280 00For
BNP Paribas Asset Management Holding S.A.02,867,421 00Against
1832 Asset Management L.P.2,650,8770 00For
MARSHALL WACE, LLP2,648,6330 00For
ValueAct2,597,2000 00For
Federated Hermes2,493,84621,555 00For
Northern Trust2,434,0480 00For
GREENOAKS CAPITAL PARTNERS LLC2,218,3650 00For
JENNISON ASSOCIATES LLC2,080,7390 00For
Allspring2,070,8960 00For
Invesco01,948,727 00Against
Stephens Investment Management Group LLC1,822,1540 00For

Institutional-manager reports, all 506 managers: 244,832,156 for, 11,035,600 against, 68,850 abstained, 15,502 not voted, 3,197 unknown. Showing the 25 largest; see all in the interactive database.

4. 2. Ratification of Appointment of Independent Registered Public Accounting Firm

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

99.9% Approved · of votes cast

FOR 99.9%
FOR: 1,159,597,111AGAINST: 1,031,913
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: Ratification of Appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025.

TOAST INC.’s own tally for this item (“2. Ratification of Appointment of Independent Registered Public Accounting Firm”): 1,159,597,111 for, 1,031,913 against — passed, per its Form 8-K filed June 17, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal Two: Ratification of Appointment of Independent Registered Public Accounting Firm The Company's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 196,543,156 for, 455,142 against, 25,989 abstained, 1,246 not voted.

FOR
FOR: 196,543,156AGAINST: 455,142ABSTAIN: 25,989NOT VOTED: 1,246
Largest asset managers voting on “Ratification of Appointment of Ernst & Young LLP as our independent registered public accounting firm for the ” at TOAST INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard44,487,1290 00For
Capital Group32,801,6200 00For
Fidelity29,771,1610 00For
T. Rowe Price25,046,4340 00For
BlackRock8,241,8610 00For
AMCAP FUND6,706,8790 00For
Principal4,208,8400 00For
INVESTMENT CO OF AMERICA4,072,7690 00For
Lord Abbett3,124,9950 00For
Charles Schwab3,092,3820 00For
MUTUAL FUND SERIES TRUST2,451,4720 00For
JPMorgan2,012,7490 00For
Federated Hermes1,975,3160 00For
Prudential/PGIM1,973,2220 00For
First Trust1,881,8320 00For
Jackson National1,870,0920 00For
ARK ETF Trust1,838,6520 00For
Bridge Builder Trust1,729,1620 00For
Invesco1,582,8800 00For
Virtus1,420,6370 00For
Advisors' Inner Circle Fund II1,365,0000 00For
Allspring1,363,6840 00For
TIAA1,346,4930 00For
Franklin Custodian Funds1,200,0000 00For
MassMutual815,3860 00For

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

Largest TOAST 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 575,000,000 shares outstanding at the time of that meeting.

Fund voting reports: top TOAST INC. shareholders by shares voted on “Ratification of Appointment of Ernst & Young LLP as our independent registered public…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 7.74%
2Capital Group 5.70%
3Fidelity 5.18%
4T. Rowe Price 4.36%
5BlackRock 1.43%
6AMCAP FUND 1.17%
7Principal 0.73%
8INVESTMENT CO OF AMERICA 0.71%
9Lord Abbett 0.54%
10Charles Schwab 0.54%
Institutional-manager reports: top TOAST INC. shareholders by shares voted on “To approve, on an advisory (non- binding) basis, the compensation of our named executive…”, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 7.99%
2T. Rowe Price 6.65%
3Fidelity 4.50%
4Durable Capital Partners LP 1.95%
5BlackRock 1.83%
6GEODE CAPITAL MANAGEMENT, LLC 1.34%
7State Street 1.25%
8JPMorgan 0.92%
9PRINCIPAL GLOBAL INVESTORS 0.89%
10Nikko Asset Management Co., Ltd. 0.87%

Reported TOAST 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.

TOAST INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
Vanguard Group 7.64% 13F
Stephen Fredette 5.32% 13G
FMR (Fidelity) 4.69% 13F
BlackRock 4.45% 13F
T. Rowe Price 4.08% 13F
Technology Investment Dining Group, LLC 3.89% 13G
JPMorgan Chase 1.64% 13F
State Street 1.56% 13F
Geode Capital 1.34% 13F
Norges Bank 0.99% 13F

Percentages above are of 575,000,000 shares outstanding, as reported by TOAST 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 TOAST 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 TOAST INC.'s shareholder meeting held June 13, 2025, in the 2024-2025 proxy season, 611 asset managers reported how they voted on 4 ballot items in their SEC Form N-PX filings, covering 2,651 separate fund positions. On the most widely held item on that ballot — To approve, on an advisory (non- binding) basis, the compensation of our named executive… — TOAST INC.'s filing reports the proposal as approved, with 99% 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: TOAST INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 17, 2025.

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

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