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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.
Meeting of June 13, 2025: 4 items on TOAST INC.’s Form 8-K, filed June 17, 2025: 2 elected · 2 approved.
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
Explore TOAST INC. in the interactive database Compare manager voting policies
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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Paul Bell | 1,000,428,349 | -- | -- | 65,264,165 | 95,589,597 | 94% | Elected | — |
| Elect Director: Hilarie Koplow-McAdams | 1,007,467,233 | -- | -- | 58,225,281 | 95,589,597 | 95% | Elected | — |
| 2. Ratification of Appointment of Independent Registered Public Accounting Firm | 1,159,597,111 | 1,031,913 | 653,087 | -- | 0 | 99.9% | Approved | — |
| 3. Advisory Vote on Compensation of Named Executive Officers | 1,051,190,254 | 14,164,118 | 338,142 | -- | 95,589,597 | 99% | Approved | — |
Source: TOAST INC., Form 8-K, filed with the SEC on June 17, 2025 — read the filing on EDGAR.
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.
Combines 6 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 43,444,474 | 0 | 5 | 1,042,650 | For |
| Capital Group | 32,801,620 | 0 | 0 | 0 | For |
| Fidelity | 29,684,761 | 0 | 0 | 86,400 | For |
| T. Rowe Price | 25,046,434 | 0 | 0 | 0 | For |
| BlackRock | 8,241,861 | 0 | 0 | 0 | For |
| AMCAP FUND | 6,706,879 | 0 | 0 | 0 | For |
| Principal | 0 | 0 | 0 | 4,208,840 | Withhold |
| INVESTMENT CO OF AMERICA | 4,072,769 | 0 | 0 | 0 | For |
| Lord Abbett | 3,124,995 | 0 | 0 | 0 | For |
| Charles Schwab | 3,092,382 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 2,451,472 | 0 | 0 | 0 | For |
| JPMorgan | 2,012,749 | 0 | 0 | 0 | For |
| Federated Hermes | 1,975,316 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,973,222 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 1,881,832 | Withhold |
| Jackson National | 1,458,197 | 0 | 0 | 411,895 | Mixed |
| ARK ETF Trust | 1,838,652 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 762,155 | 0 | 0 | 967,007 | Mixed |
| Invesco | 1,582,880 | 0 | 0 | 0 | For |
| Virtus | 1,420,637 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 1,365,000 | 0 | 0 | 0 | For |
| Allspring | 0 | 0 | 0 | 1,363,684 | Withhold |
| TIAA | 1,346,493 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,200,000 | 0 | 0 | 0 | For |
| MassMutual | 815,386 | 0 | 0 | 0 | For |
Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.
Combines 5 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 43,444,474 | 0 | 5 | 1,042,650 | For |
| Capital Group | 32,801,620 | 0 | 0 | 0 | For |
| Fidelity | 29,684,761 | 0 | 0 | 86,400 | For |
| T. Rowe Price | 25,046,434 | 0 | 0 | 0 | For |
| BlackRock | 8,241,861 | 0 | 0 | 0 | For |
| AMCAP FUND | 6,706,879 | 0 | 0 | 0 | For |
| Principal | 0 | 0 | 0 | 4,208,840 | Withhold |
| INVESTMENT CO OF AMERICA | 4,072,769 | 0 | 0 | 0 | For |
| Lord Abbett | 3,124,995 | 0 | 0 | 0 | For |
| Charles Schwab | 3,092,382 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 2,451,472 | 0 | 0 | 0 | For |
| JPMorgan | 2,012,749 | 0 | 0 | 0 | For |
| Federated Hermes | 1,975,316 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,973,222 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 1,881,832 | Withhold |
| Jackson National | 1,458,197 | 0 | 0 | 411,895 | Mixed |
| ARK ETF Trust | 1,838,652 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 762,155 | 0 | 0 | 967,007 | Mixed |
| Invesco | 1,582,880 | 0 | 0 | 0 | For |
| Virtus | 1,420,637 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 1,365,000 | 0 | 0 | 0 | For |
| Allspring | 0 | 0 | 0 | 1,363,684 | Withhold |
| TIAA | 1,346,493 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,200,000 | 0 | 0 | 0 | For |
| MassMutual | 815,386 | 0 | 0 | 0 | For |
Showing the 25 largest of 124 asset managers. See all 124 in the interactive database.
Combines 16 wordings of this item as funds reported it.
99% Approved · of votes cast
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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 44,482,100 | 5,029 | 0 | 0 | For |
| Capital Group | 32,801,620 | 0 | 0 | 0 | For |
| Fidelity | 29,771,161 | 0 | 0 | 0 | For |
| T. Rowe Price | 25,046,434 | 0 | 0 | 0 | For |
| BlackRock | 8,241,861 | 0 | 0 | 0 | For |
| AMCAP FUND | 6,706,879 | 0 | 0 | 0 | For |
| Principal | 4,208,840 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 4,072,769 | 0 | 0 | 0 | For |
| Lord Abbett | 3,124,995 | 0 | 0 | 0 | For |
| Charles Schwab | 3,092,382 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 2,451,472 | 0 | 0 | 0 | For |
| JPMorgan | 2,012,749 | 0 | 0 | 0 | For |
| Federated Hermes | 1,975,316 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,973,222 | 0 | 0 | 0 | For |
| First Trust | 1,881,832 | 0 | 0 | 0 | For |
| Jackson National | 1,566,835 | 303,257 | 0 | 0 | Mixed |
| ARK ETF Trust | 1,838,652 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,729,162 | 0 | 0 | 0 | For |
| Invesco | 0 | 1,582,880 | 0 | 0 | Against |
| Virtus | 1,420,637 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 1,365,000 | 0 | 0 | 0 | For |
| Allspring | 1,363,684 | 0 | 0 | 0 | For |
| TIAA | 1,346,493 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,200,000 | 0 | 0 | 0 | For |
| MassMutual | 815,386 | 0 | 0 | 0 | For |
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Capital Group | 45,960,754 | 0 | 0 | 0 | For |
| T. Rowe Price | 38,220,374 | 0 | 0 | 0 | For |
| Fidelity | 25,869,545 | 0 | 0 | 0 | For |
| Durable Capital Partners LP | 11,211,417 | 0 | 0 | 0 | For |
| BlackRock | 10,495,779 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 7,722,855 | 0 | 0 | 0 | For |
| State Street | 7,208,126 | 0 | 0 | 0 | For |
| JPMorgan | 5,282,703 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 5,121,391 | 0 | 0 | 0 | For |
| Nikko Asset Management Co., Ltd. | 5,015,328 | 0 | 0 | 0 | For |
| XN LP | 4,666,632 | 0 | 0 | 0 | For |
| Abdiel Capital Advisors, LP | 3,385,115 | 0 | 0 | 0 | For |
| LORD, ABBETT & CO. LLC | 3,210,694 | 0 | 0 | 0 | For |
| Charles Schwab | 3,137,128 | 0 | 0 | 0 | For |
| BNP Paribas Asset Management Holding S.A. | 0 | 2,867,421 | 0 | 0 | Against |
| 1832 Asset Management L.P. | 2,650,877 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 2,648,633 | 0 | 0 | 0 | For |
| ValueAct | 2,597,200 | 0 | 0 | 0 | For |
| Federated Hermes | 2,493,846 | 21,555 | 0 | 0 | For |
| Northern Trust | 2,434,048 | 0 | 0 | 0 | For |
| GREENOAKS CAPITAL PARTNERS LLC | 2,218,365 | 0 | 0 | 0 | For |
| JENNISON ASSOCIATES LLC | 2,080,739 | 0 | 0 | 0 | For |
| Allspring | 2,070,896 | 0 | 0 | 0 | For |
| Invesco | 0 | 1,948,727 | 0 | 0 | Against |
| Stephens Investment Management Group LLC | 1,822,154 | 0 | 0 | 0 | For |
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.
Combines 5 wordings of this item as funds reported it.
99.9% Approved · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 44,487,129 | 0 | 0 | 0 | For |
| Capital Group | 32,801,620 | 0 | 0 | 0 | For |
| Fidelity | 29,771,161 | 0 | 0 | 0 | For |
| T. Rowe Price | 25,046,434 | 0 | 0 | 0 | For |
| BlackRock | 8,241,861 | 0 | 0 | 0 | For |
| AMCAP FUND | 6,706,879 | 0 | 0 | 0 | For |
| Principal | 4,208,840 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 4,072,769 | 0 | 0 | 0 | For |
| Lord Abbett | 3,124,995 | 0 | 0 | 0 | For |
| Charles Schwab | 3,092,382 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 2,451,472 | 0 | 0 | 0 | For |
| JPMorgan | 2,012,749 | 0 | 0 | 0 | For |
| Federated Hermes | 1,975,316 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,973,222 | 0 | 0 | 0 | For |
| First Trust | 1,881,832 | 0 | 0 | 0 | For |
| Jackson National | 1,870,092 | 0 | 0 | 0 | For |
| ARK ETF Trust | 1,838,652 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,729,162 | 0 | 0 | 0 | For |
| Invesco | 1,582,880 | 0 | 0 | 0 | For |
| Virtus | 1,420,637 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 1,365,000 | 0 | 0 | 0 | For |
| Allspring | 1,363,684 | 0 | 0 | 0 | For |
| TIAA | 1,346,493 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,200,000 | 0 | 0 | 0 | For |
| MassMutual | 815,386 | 0 | 0 | 0 | For |
Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.
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.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 7.74% |
| 2 | Capital Group | 5.70% |
| 3 | Fidelity | 5.18% |
| 4 | T. Rowe Price | 4.36% |
| 5 | BlackRock | 1.43% |
| 6 | AMCAP FUND | 1.17% |
| 7 | Principal | 0.73% |
| 8 | INVESTMENT CO OF AMERICA | 0.71% |
| 9 | Lord Abbett | 0.54% |
| 10 | Charles Schwab | 0.54% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Capital Group | 7.99% |
| 2 | T. Rowe Price | 6.65% |
| 3 | Fidelity | 4.50% |
| 4 | Durable Capital Partners LP | 1.95% |
| 5 | BlackRock | 1.83% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.34% |
| 7 | State Street | 1.25% |
| 8 | JPMorgan | 0.92% |
| 9 | PRINCIPAL GLOBAL INVESTORS | 0.89% |
| 10 | Nikko Asset Management Co., Ltd. | 0.87% |
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.
| 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.
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.