WALMART INC. 2024-2025 Proxy Voting Records

Description as filed by funds: Election of Directors: Cesar Conde

WALMART INC.’s own tally for this item (“Elect Director: Cesar Conde”): 6,616,260,684 for, 47,235,785 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,005,768,645 for, 163,529 against, 460,427 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Timothy P. Flynn

WALMART INC.’s own tally for this item (“Elect Director: Timothy P. Flynn”): 6,530,652,866 for, 132,852,975 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,004,464,718 for, 1,559,208 against, 372,998 abstained, 1,759 not voted, 12,547 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Sarah J. Friar

WALMART INC.’s own tally for this item (“Elect Director: Sarah J. Friar”): 6,629,720,362 for, 34,151,216 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,005,857,707 for, 161,932 against, 372,963 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Carla A. Harris

WALMART INC.’s own tally for this item (“Elect Director: Carla A. Harris”): 6,458,066,614 for, 205,674,794 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,001,898,649 for, 4,042,900 against, 460,401 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Thomas W. Horton

WALMART INC.’s own tally for this item (“Elect Director: Thomas W. Horton”): 6,525,122,031 for, 138,415,467 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,003,492,716 for, 2,531,214 against, 372,995 abstained, 1,759 not voted, 12,547 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Marissa A. Mayer

WALMART INC.’s own tally for this item (“Elect Director: Marissa A. Mayer”): 6,567,268,874 for, 96,574,462 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,004,490,909 for, 1,538,074 against, 372,966 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: C. Douglas McMillon

WALMART INC.’s own tally for this item (“Elect Director: C. Douglas McMillon”): 6,615,017,923 for, 48,642,977 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,005,845,907 for, 183,057 against, 372,985 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Robert E. Moritz, Jr.

WALMART INC.’s own tally for this item (“Elect Director: Robert E. Moritz, Jr.”): 6,633,444,851 for, 29,659,606 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,005,780,017 for, 161,467 against, 460,466 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Brian Niccol

WALMART INC.’s own tally for this item (“Elect Director: Brian Niccol”): 6,627,878,208 for, 35,345,441 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,005,698,438 for, 233,708 against, 460,456 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Gregory B. Penner

WALMART INC.’s own tally for this item (“Elect Director: Gregory B. Penner”): 6,453,576,366 for, 209,787,660 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,001,029,410 for, 4,995,502 against, 373,005 abstained, 1,759 not voted, 11,554 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Randall L. Stephenson

WALMART INC.’s own tally for this item (“Elect Director: Randall L. Stephenson”): 6,374,043,469 for, 289,023,743 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,000,564,851 for, 5,464,061 against, 373,037 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Election of Directors: Steuart L. Walton

WALMART INC.’s own tally for this item (“Elect Director: Steuart L. Walton”): 6,614,706,765 for, 49,107,097 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Election of Directors The Company's shareholders elected for one-year terms all twelve persons nominated for election as directors as set forth in the Company's proxy statement dated April 24, 2025.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 230 asset managers below reported 1,005,818,805 for, 210,176 against, 372,969 abstained, 1,759 not voted, 7,522 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Approval of Walmart Inc. Stock Incentive Plan of 2025

WALMART INC.’s own tally for this item (“Approval of the Walmart Inc. Stock Incentive Plan of 2025.”): 6,543,064,125 for, 112,795,593 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of WALMART INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Amend Omnibus Stock Plan” (16 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

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, all 215 managers: 999,944,553 for, 3,929,683 against, 621,797 abstained, 1,759 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 39 managers: 13,369,883 for, 12,933 against, 948 withheld, 36 abstained, 170,596 unknown. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: PROPOSAL NO. 3 ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

WALMART INC.’s own tally for this item (“Advisory Vote to Approve Named Executive Officer Compensation. The Company's shareholders voted upon and approved, by nonbinding, advisory vote, the compensation of the Company's named executive officers, as described in”): 6,338,327,929 for, 319,798,762 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of WALMART 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” (30 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “COMPENSATION” (3 managers, 27,586 for); “SECTION 14A SAY-ON-PAY VOTES” (3 managers, 223,846 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, all 219 managers: 1,000,490,856 for, 5,110,940 against, 506,596 abstained, 1,759 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 1,395 managers: 1,331,779,028 for, 149,103,000 against, 948 withheld, 604,742 abstained, 412,069 not voted, 7,522 unknown. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: Ratification of Ernst & Young LLP as Independent Accountants

WALMART INC.’s own tally for this item (“Ratification of Independent Accountants. The Company's shareholders voted upon and approved the ratification of the appointment of Ernst & Young LLP to serve as the Company's independent registered accountants for the fi”): 7,139,775,692 for, 164,333,250 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,004,360,480 for, 1,779,768 against, 372,865 abstained, 1,759 not voted, 5,025 unknown.

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

Description as filed by funds: Report on Delays in Revising Diversity, Equity, and Inclusion (DEI) Initiatives

WALMART INC.’s own tally for this item (“Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on delays in revising diversity, equity, and inclusion (DEI) Initiatives.”): 25,437,064 for, 6,619,160,622 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 0.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 235 asset managers below reported 353,746 for, 1,003,738,305 against, 2,315,022 abstained, 9,059 not voted, 11,554 unknown.

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

Description as filed by funds: Health and Safety Governance

WALMART INC.’s own tally for this item (“The Company's shareholders also voted upon and rejected a shareholder proposal requesting a review of health and safety governance.”): 463,683,629 for, 6,181,026,584 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 234 asset managers below reported 20,783,336 for, 983,397,542 against, 2,227,408 abstained, 9,059 not voted.

Showing the 25 largest of 234 asset managers. See all 234 in the interactive database.

Description as filed by funds: Report on Reduction of Plastic Packaging and Recyclability Claims

WALMART INC.’s own tally for this item (“Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on reduction of plastic packaging and recyclability claims.”): 388,291,800 for, 6,257,356,783 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 234 asset managers below reported 35,999,164 for, 968,180,818 against, 2,227,311 abstained, 9,059 not voted, 993 unknown.

Showing the 25 largest of 234 asset managers. See all 234 in the interactive database.

Description as filed by funds: Request for Third-Party Assessment of Company Policies Regarding Law Enforcement Information Requests Related to Medication Use by Customers and Employees

WALMART INC.’s own tally for this item (“The Company's shareholders voted upon and rejected a shareholder proposal requesting a third-party assessment of company policies regarding law enforcement information requests related to medication use by customers and ”): 272,112,750 for, 6,359,897,136 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 234 asset managers below reported 4,363,564 for, 999,739,422 against, 2,300,275 abstained, 9,059 not voted, 5,025 unknown.

Showing the 25 largest of 234 asset managers. See all 234 in the interactive database.

Description as filed by funds: Revisit Plastics Packaging Policies

WALMART INC.’s own tally for this item (“The Company's shareholders then voted upon and rejected a shareholder proposal to revisit plastics packaging policies.”): 34,759,138 for, 6,610,408,844 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 0.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 233 asset managers below reported 689,209 for, 1,003,437,278 against, 2,227,525 abstained, 9,059 not voted, 8,515 unknown.

Showing the 25 largest of 233 asset managers. See all 233 in the interactive database.

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

WALMART INC.’s own tally for this item (“Then, the Company's shareholders voted upon and rejected a shareholder proposal requesting a racial equity audit.”): 452,542,890 for, 6,153,109,452 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of WALMART INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Conduct and Report a Third-Party Racial Equity Audit” (10 managers, 247,161 for, 1,333,382 against).

The 230 asset managers below reported 29,951,398 for, 953,237,562 against, 21,637,547 abstained, 9,059 not voted, 5,025 unknown.

Showing the 25 largest of 230 asset managers. See all 230 in the interactive database.

Description as filed by funds: Respect Civil Liberties in Advertising Services

WALMART INC.’s own tally for this item (“Finally, the Company's shareholders then voted upon and rejected a shareholder proposal requesting an evaluation of respect for civil liberties in advertising.”): 24,577,134 for, 6,618,721,114 against, per its Form 8-K filed June 6, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 0.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 228 asset managers below reported 348,487 for, 1,001,572,073 against, 13,108 withheld, 2,836,763 abstained, 9,059 not voted, 11,554 unknown.

Showing the 25 largest of 228 asset managers. See all 228 in the interactive database.