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Walmart Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Walmart Inc.’s Form 8-K, filed June 5, 2026 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 18Ballot items
  • 1,689Asset managers
  • 28,299Fund votes
  • June 4, 2026Meeting date

Results at a glance

Meeting of June 4, 2026: 18 items on Walmart Inc.’s Form 8-K, filed June 5, 2026: 11 elected · 7 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Walmart Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Walmart Inc.

These tallies are Walmart Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 5, 2026 (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.

Walmart Inc. — official shareholder meeting results, meeting held June 4, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Cesar Conde 6,475,579,14350,164,4794,831,814 --633,971,647 99.2%Elected—
Elect Director: Sarah J. Friar 6,514,321,59811,700,2704,553,568 --633,971,647 99.8%Elected—
Elect Director: John R. Furner 6,485,530,05340,316,4654,728,918 --633,971,647 99.3%Elected—
Elect Director: Carla A. Harris 6,352,545,569173,494,2534,535,614 --633,971,647 97%Elected—
Elect Director: Thomas W. Horton 6,413,736,523111,888,6774,950,236 --633,971,647 98%Elected—
Elect Director: Marissa A. Mayer 6,466,604,04759,398,9384,572,451 --633,971,647 99.0%Elected—
Elect Director: Shishir Mehrotra 6,492,644,97732,899,1885,031,271 --633,971,647 99.4%Elected—
Elect Director: Robert E. Moritz, Jr. 6,465,496,80260,064,3435,014,291 --633,971,647 99.0%Elected—
Elect Director: Gregory B. Penner 6,348,541,000177,035,0494,999,387 --633,971,647 97%Elected—
Elect Director: Randall L. Stephenson 6,274,541,334247,546,7578,487,345 --633,971,647 96%Elected—
Elect Director: Steuart L. Walton 6,484,158,26141,690,9464,726,229 --633,971,647 99.3%Elected—
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 public accounting firm for the fiscal year 6,985,709,983172,769,5756,067,525 ---- 98%Not verified—
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 the Proxy Statement 6,263,129,484256,160,71211,285,240 --633,971,647 96%Not verified—
Approval of an Amendment to the Certificate of Incorporation. The Company's shareholders voted upon and approved the Charter Amendment . 6,153,086,052370,166,1057,323,279 --633,971,647 94%Not verified—
The Company's shareholders voted upon and rejected a shareholder proposal requesting cumulative voting for board elections. 122,306,2856,390,550,15917,718,992 --633,971,647 2%Not verified—
Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on workplace health and safety governance. 433,230,6556,013,774,45283,570,329 --633,971,647 7%Not verified—
The Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on immigration policy and enforcement. 278,449,3536,174,725,69677,400,387 --633,971,647 4%Not verified—
Finally, the Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on the workforce impact of AI and automation. 323,453,7096,138,362,36168,759,366 --633,971,647 5%Not verified—

Source: Walmart Inc., Form 8-K, filed with the SEC on June 5, 2026 — read the filing on EDGAR.

How asset managers voted at the Walmart Inc. 2025-2026 meeting

Each item below shows how the 1,689 asset managers that disclosed a Walmart 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: Cesar Conde

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 6,475,579,143AGAINST: 50,164,479
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Cesar Conde”): 6,475,579,143 for, 50,164,479 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,073,858,450 for, 109,083 against, 276,134 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,073,858,450AGAINST: 109,083ABSTAIN: 276,134UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Cesar Conde” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,438,826964 840For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,3720 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

2. Elect Director: Sarah J. Friar

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 6,514,321,598AGAINST: 11,700,270
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Sarah J. Friar”): 6,514,321,598 for, 11,700,270 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,073,859,197 for, 108,341 against, 276,130 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,073,859,197AGAINST: 108,341ABSTAIN: 276,130UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Sarah J. Friar” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,439,573222 800For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,3720 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

3. Elect Director: John R. Furner

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 6,485,530,053AGAINST: 40,316,465
Details: description as filed, official tally, votes by 241 asset managers

Description as filed by funds: Election of Directors: John R. Furner

Walmart Inc.’s own tally for this item (“Elect Director: John R. Furner”): 6,485,530,053 for, 40,316,465 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,073,769,116 for, 198,416 against, 276,133 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,073,769,116AGAINST: 198,416ABSTAIN: 276,133UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: John R. Furner” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,439,014775 830For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,049323 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,593,2860 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

4. Elect Director: Carla A. Harris

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 6,352,545,569AGAINST: 173,494,253
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Carla A. Harris”): 6,352,545,569 for, 173,494,253 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,072,089,044 for, 1,878,496 against, 276,130 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,072,089,044AGAINST: 1,878,496ABSTAIN: 276,130UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Carla A. Harris” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,436,6063,191 800For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,3720 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

5. Elect Director: Thomas W. Horton

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 6,413,736,523AGAINST: 111,888,677
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Thomas W. Horton”): 6,413,736,523 for, 111,888,677 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,071,413,929 for, 2,553,602 against, 276,137 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,071,413,929AGAINST: 2,553,602ABSTAIN: 276,137UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Thomas W. Horton” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,437,7812,007 870For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,763,761611 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

6. Elect Director: Marissa A. Mayer

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 6,466,604,047AGAINST: 59,398,938
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Marissa A. Mayer”): 6,466,604,047 for, 59,398,938 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,071,517,640 for, 2,449,897 against, 276,130 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,071,517,640AGAINST: 2,449,897ABSTAIN: 276,130UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Marissa A. Mayer” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,438,6931,101 800For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,763,761611 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

7. Elect Director: Shishir Mehrotra

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 6,492,644,977AGAINST: 32,899,188
Details: description as filed, official tally, votes by 241 asset managers

Description as filed by funds: Election of Directors: Shishir Mehrotra

Walmart Inc.’s own tally for this item (“Elect Director: Shishir Mehrotra”): 6,492,644,977 for, 32,899,188 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,073,845,851 for, 121,681 against, 276,137 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,073,845,851AGAINST: 121,681ABSTAIN: 276,137UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Shishir Mehrotra” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,439,173616 870For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,3720 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,593,2860 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

8. Elect Director: Robert E. Moritz, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 11 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 6,465,496,802AGAINST: 60,064,343
Details: description as filed, official tally, votes by 241 asset managers

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.”): 6,465,496,802 for, 60,064,343 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,073,849,180 for, 118,349 against, 276,138 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,073,849,180AGAINST: 118,349ABSTAIN: 276,138UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Robert E. Moritz, Jr.” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,438,6571,129 880For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,3720 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

9. Elect Director: Gregory B. Penner

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 6,348,541,000AGAINST: 177,035,049
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Gregory B. Penner”): 6,348,541,000 for, 177,035,049 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,072,600,255 for, 1,367,276 against, 276,138 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,072,600,255AGAINST: 1,367,276ABSTAIN: 276,138UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Gregory B. Penner” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,436,3873,401 880For
Invesco136,672,6640 00For
BlackRock119,168,62178,190 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,751,51212,860 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,747,973114,690 00For

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

10. Elect Director: Randall L. Stephenson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 6,274,541,334AGAINST: 247,546,757
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Randall L. Stephenson”): 6,274,541,334 for, 247,546,757 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,070,807,553 for, 3,166,401 against, 276,136 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,070,807,553AGAINST: 3,166,401ABSTAIN: 276,136UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Randall L. Stephenson” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard380,976,784469,428 860For
Invesco136,672,6640 00For
BlackRock119,143,731103,080 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,751,83512,537 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,742,957119,706 00For

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

11. Elect Director: Steuart L. Walton

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 6,484,158,261AGAINST: 41,690,946
Details: description as filed, official tally, votes by 241 asset managers

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

Walmart Inc.’s own tally for this item (“Elect Director: Steuart L. Walton”): 6,484,158,261 for, 41,690,946 against, per its Form 8-K filed June 5, 2026 (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 eleven persons nominated for election as directors as set forth in the Proxy Statement.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 241 asset managers below reported 1,073,734,552 for, 232,982 against, 276,133 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,073,734,552AGAINST: 232,982ABSTAIN: 276,133UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Election of Directors: Steuart L. Walton” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,438,998793 830For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,764,049323 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

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

12. Approval of an Amendment to the Certificate of Incorporation. The Company's shareholders voted upon and approved the…

Outcome not verifiedCORPORATE GOVERNANCEReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 6,153,086,052AGAINST: 370,166,105
Details: description as filed, official tally, votes by 236 asset managers

Description as filed by funds: Approval of an Amendment to our Restated Certificate of Incorporation to limit the liability of certain officers as permitted by Delaware law

Walmart Inc.’s own tally for this item (“Approval of an Amendment to the Certificate of Incorporation. The Company's shareholders voted upon and approved the Charter Amendment .”): 6,153,086,052 for, 370,166,105 against, per its Form 8-K filed June 5, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of 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 Certificate of Incorporation to Limit the Liability of Certain Officers” (7 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “Amendment to Certificate of Incorporation to Limit the Liability of Certain Officers” (3 managers, 67,529 against).

The 236 asset managers below reported 985,431,872 for, 87,094,172 against, 276,181 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 985,431,872AGAINST: 87,094,172ABSTAIN: 276,181UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Approval of an Amendment to our Restated Certificate of Incorporation to limit the liability of certain office” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard378,838,1012,608,065 1310For
Invesco134,429,4792,243,185 00For
BlackRock119,125,668121,143 00For
Fidelity112,760,4300 00For
JPMorgan048,008,650 00Against
State Street32,758,4255,947 00For
Charles Schwab27,759,95110,433 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST07,355,000 00Against
Prudential/PGIM1,876,0935,003,107 00Mixed
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,026,419203,609 00For
Dimensional4,014,6550 00For
HARBOR FUNDS03,988,046 00Against
Victory Capital3,615,1290 00For
Equitable3,000,710592,576 00Mixed
NEOS ETF Trust03,372,293 00Against
American Century2,904,0880 00For
Global X02,862,663 00Against

Showing the 25 largest of 236 asset managers. See all 236 in the interactive database.

13. Advisory Vote to Approve Named Executive Officer Compensation. The Company's shareholders voted upon and approved, by…

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 45 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 6,263,129,484AGAINST: 256,160,712
Details: description as filed, official tally, votes by 1,654 asset managers

Description as filed by funds: 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”): 6,263,129,484 for, 256,160,712 against, per its Form 8-K filed June 5, 2026 (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: 96% 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” (35 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “COMPENSATION” (2 managers, 29,728 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: 224 asset managers voting on “ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard381,434,7144,988 1730For
Invesco136,672,6640 00For
BlackRock119,246,8110 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,763,761611 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,361,02343,500 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,862,6630 00For

Fund voting reports, all 224 managers: 1,071,777,258 for, 2,391,446 against, 283,025 abstained, 4,449 not voted, 21,459 unknown. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 1,464 asset managers voting on “ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock186,464,38017,799 00For
Invesco147,526,59855 20For
GEODE CAPITAL MANAGEMENT, LLC105,800,7540 00For
State Street73,541,8741,300,687 00For
Vanguard43,593,9210 00For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO38,994,9470 00For
Fisher Asset Management, LLC37,408,7920 00For
Northern Trust36,898,807341,034 00For
Charles Schwab30,458,4870 00For
T. Rowe Price27,259,441670,925 00For
Fidelity22,899,4650 00For
MELLON INVESTMENTS Corp22,627,0950 00For
Nuveen22,347,511384 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC20,348,5520 00For
UBS19,399,98784,693 00For
Goldman Sachs19,230,5490 00For
JENNISON ASSOCIATES LLC18,703,2990 00For
Legal & General Investment Management Ltd533,58916,809,142 00Against
WELLS FARGO CLEARING SERVICES, LLC17,112,7330 00For
Amundi015,576,158 00Against
Putnam14,622,8730 00For
National Pension Service14,366,6340 00For
Union Investment Management GmbH013,598,201 00Against
Capital Group11,897,5960 6000For
APG Asset Management US Inc.011,270,481 00Against

Institutional-manager reports, all 1,464 managers: 1,428,076,354 for, 138,578,046 against, 3,501 withheld, 278,441 abstained, 466,063 not voted, 225,208 mixed, 22,720 unknown. Showing the 25 largest; see all in the interactive database.

14. Ratification of Independent Accountants. The Company's shareholders voted upon and approved the ratification of the…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 6,985,709,983AGAINST: 172,769,575
Details: description as filed, official tally, votes by 249 asset managers

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 public accounting firm”): 6,985,709,983 for, 172,769,575 against, per its Form 8-K filed June 5, 2026 (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 249 asset managers below reported 1,069,819,267 for, 4,218,089 against, 276,117 abstained, 4,340 not voted, 21,459 unknown.

FOR
FOR: 1,069,819,267AGAINST: 4,218,089ABSTAIN: 276,117UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Ratification of Ernst & Young LLP as Independent Accountants” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard380,978,230468,001 670For
Invesco136,672,6640 00For
BlackRock119,221,92124,890 00For
Fidelity112,760,4300 00For
JPMorgan48,008,6500 00For
State Street32,763,761611 00For
Charles Schwab27,770,3840 00For
TIAA20,527,5970 00For
Six Circles Trust15,253,4460 00For
Columbia Threadneedle13,615,6570 00For
Capital Group12,357,8960 00For
Putnam9,701,8660 00For
T. Rowe Price9,404,5230 00For
ProShares8,280,4610 00For
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM6,879,2000 00For
MASTER INVESTMENT PORTFOLIO6,708,7180 00For
Jackson National6,230,0280 00For
Dimensional4,014,6550 00For
HARBOR FUNDS3,988,0460 00For
Victory Capital3,615,1290 00For
Equitable3,582,48510,801 00For
NEOS ETF Trust3,372,2930 00For
American Century2,904,0880 00For
Global X2,857,6475,016 00For

Showing the 25 largest of 249 asset managers. See all 249 in the interactive database.

15. The Company's shareholders voted upon and rejected a shareholder proposal requesting cumulative voting for board…

Outcome not verifiedSHAREHOLDER RIGHTS AND DEFENSESReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

2% Majority: no · of votes cast

AGAINST
FOR: 122,306,285AGAINST: 6,390,550,159
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Request for Cumulative Voting for Board Elections

Walmart Inc.’s own tally for this item (“The Company's shareholders voted upon and rejected a shareholder proposal requesting cumulative voting for board elections.”): 122,306,285 for, 6,390,550,159 against, per its Form 8-K filed June 5, 2026 (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: 2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 13,875,986 for, 1,059,948,384 against, 428,887 abstained, 4,340 not voted, 21,459 unknown.

AGAINST
FOR: 13,875,986AGAINST: 1,059,948,384ABSTAIN: 428,887UNKNOWN: 21,459NOT VOTED: 4,340
Largest asset managers voting on “Request for Cumulative Voting for Board Elections” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,194381,437,400 2870Against
Invesco0136,672,664 00Against
BlackRock0119,246,811 00Against
Fidelity0112,760,430 00Against
JPMorgan048,008,650 00Against
State Street032,764,372 00Against
Charles Schwab027,770,384 00Against
TIAA020,527,597 00Against
Six Circles Trust015,253,446 00Against
Columbia Threadneedle013,615,657 00Against
Capital Group012,357,896 00Against
Putnam09,701,866 00Against
T. Rowe Price09,404,523 00Against
ProShares08,280,461 00Against
FRANKLIN MANAGED TRUST7,355,0000 00For
Prudential/PGIM06,879,200 00Against
MASTER INVESTMENT PORTFOLIO06,708,718 00Against
Jackson National06,230,028 00Against
Dimensional04,014,655 00Against
HARBOR FUNDS03,988,046 00Against
Victory Capital03,615,129 00Against
Equitable96,6973,496,589 00Against
NEOS ETF Trust03,372,293 00Against
American Century2,904,0880 00For
Global X02,862,663 00Against

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

16. Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on workplace health…

Outcome not verifiedHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

7% Majority: no · of votes cast

AGAINST
FOR: 433,230,655AGAINST: 6,013,774,452
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Report on Workplace Health and Safety Governance

Walmart Inc.’s own tally for this item (“Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on workplace health and safety governance.”): 433,230,655 for, 6,013,774,452 against, per its Form 8-K filed June 5, 2026 (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: “S/H Proposal - Corporate Governance” (9 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

The 245 asset managers below reported 19,185,551 for, 1,036,291,604 against, 18,776,211 abstained, 4,340 not voted, 27,768 unknown.

AGAINST
FOR: 19,185,551AGAINST: 1,036,291,604ABSTAIN: 18,776,211UNKNOWN: 27,768NOT VOTED: 4,340
Largest asset managers voting on “Report on Workplace Health and Safety Governance” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard472,692378,835,683 2,137,9250Against
Invesco0136,672,664 00Against
BlackRock8,365,111110,881,700 00Mixed
Fidelity0112,760,430 00Against
JPMorgan048,008,650 00Against
State Street13,14832,751,224 00Against
Charles Schwab027,770,384 00Against
TIAA020,527,597 00Against
Six Circles Trust015,253,446 00Against
Columbia Threadneedle013,615,657 00Against
Capital Group012,357,896 00Against
Putnam09,701,866 00Against
T. Rowe Price09,404,523 00Against
ProShares08,280,461 00Against
FRANKLIN MANAGED TRUST07,355,000 00Against
Prudential/PGIM01,876,093 5,003,1070Mixed
MASTER INVESTMENT PORTFOLIO87,1356,621,583 00Against
Jackson National489,9335,740,095 00Mixed
Dimensional04,014,655 00Against
HARBOR FUNDS00 3,988,0460Abstain
Victory Capital03,615,129 00Against
Equitable10,8013,582,485 00Against
NEOS ETF Trust03,372,293 00Against
American Century02,904,088 00Against
Global X119,7062,742,957 00Against

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

17. The Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on immigration…

Outcome not verifiedDIVERSITY, EQUITY, AND INCLUSIONReported outcome: Not verified

Combines 10 wordings of this item as funds reported it.

4% Majority: no · of votes cast

AGAINST
FOR: 278,449,353AGAINST: 6,174,725,696
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Report on Immigration Policy & Enforcement

Walmart Inc.’s own tally for this item (“The Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on immigration policy and enforcement.”): 278,449,353 for, 6,174,725,696 against, per its Form 8-K filed June 5, 2026 (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 245 asset managers below reported 30,405,242 for, 1,037,482,390 against, 6,365,734 abstained, 4,340 not voted, 27,768 unknown.

AGAINST
FOR: 30,405,242AGAINST: 1,037,482,390ABSTAIN: 6,365,734UNKNOWN: 27,768NOT VOTED: 4,340
Largest asset managers voting on “Report on Immigration Policy & Enforcement” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,606,185378,838,705 1,4090Against
Invesco0136,672,664 00Against
BlackRock47,637119,199,174 00Against
Fidelity0112,760,430 00Against
JPMorgan048,008,650 00Against
State Street61132,763,761 00Against
Charles Schwab10,43327,759,951 00Against
TIAA020,527,597 00Against
Six Circles Trust015,253,446 00Against
Columbia Threadneedle013,615,657 00Against
Capital Group012,357,896 00Against
Putnam09,701,866 00Against
T. Rowe Price09,404,523 00Against
ProShares08,280,461 00Against
FRANKLIN MANAGED TRUST07,355,000 00Against
Prudential/PGIM6,660,286218,914 00For
MASTER INVESTMENT PORTFOLIO06,708,718 00Against
Jackson National06,230,028 00Against
Dimensional04,014,655 00Against
HARBOR FUNDS3,988,0460 00For
Victory Capital03,615,129 00Against
Equitable10,8013,582,485 00Against
NEOS ETF Trust3,372,2930 00For
American Century02,904,088 00Against
Global X2,862,6630 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

18. Finally, the Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on the…

Outcome not verifiedOTHER SOCIAL ISSUESReported outcome: Not verified

Combines 10 wordings of this item as funds reported it.

5% Majority: no · of votes cast

AGAINST
FOR: 323,453,709AGAINST: 6,138,362,361
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Report on Workforce Impact of Al and Automation

Walmart Inc.’s own tally for this item (“Finally, the Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on the workforce impact of AI and automation.”): 323,453,709 for, 6,138,362,361 against, per its Form 8-K filed June 5, 2026 (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: 5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 18,001,842 for, 1,049,930,627 against, 6,320,897 abstained, 4,340 not voted, 27,768 unknown.

AGAINST
FOR: 18,001,842AGAINST: 1,049,930,627ABSTAIN: 6,320,897UNKNOWN: 27,768NOT VOTED: 4,340
Largest asset managers voting on “Report on Workforce Impact of Al and Automation” at Walmart Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard2,606,734378,838,265 1,3010Against
Invesco0136,672,664 00Against
BlackRock103,080119,143,731 00Against
Fidelity0112,760,430 00Against
JPMorgan048,008,650 00Against
State Street13,14832,751,224 00Against
Charles Schwab027,770,384 00Against
TIAA020,527,597 00Against
Six Circles Trust015,253,446 00Against
Columbia Threadneedle013,615,657 00Against
Capital Group012,357,896 00Against
Putnam09,701,866 00Against
T. Rowe Price09,404,523 00Against
ProShares08,280,461 00Against
FRANKLIN MANAGED TRUST07,355,000 00Against
Prudential/PGIM5,003,1071,876,093 00Mixed
MASTER INVESTMENT PORTFOLIO06,708,718 00Against
Jackson National06,230,028 00Against
Dimensional04,014,655 00Against
HARBOR FUNDS3,988,0460 00For
Victory Capital03,615,129 00Against
Equitable10,8013,582,485 00Against
NEOS ETF Trust03,372,293 00Against
American Century02,904,088 00Against
Global X119,7062,742,957 00Against

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

Not shown here: this season’s fund filings also report 2 items from the meeting of June 5, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest Walmart Inc. shareholders voting in 2025-2026

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 7,958,079,155 shares outstanding at the time of that meeting.

Fund voting reports: top Walmart Inc. shareholders by shares voted on “ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 4.79%
2Invesco 1.72%
3BlackRock 1.50%
4Fidelity 1.42%
5JPMorgan 0.60%
6State Street 0.41%
7Charles Schwab 0.35%
8TIAA 0.26%
9Six Circles Trust 0.19%
10Columbia Threadneedle 0.17%
Institutional-manager reports: top Walmart Inc. shareholders by shares voted on “ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION”, 2025-2026
#Asset manager % of shares outstanding
1BlackRock 2.34%
2Invesco 1.85%
3GEODE CAPITAL MANAGEMENT, LLC 1.33%
4State Street 0.94%
5Vanguard 0.55%
6STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.49%
7Fisher Asset Management, LLC 0.47%
8Northern Trust 0.47%
9Charles Schwab 0.38%
10T. Rowe Price 0.35%

Reported Walmart 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.

Walmart Inc. holdings and ownership disclosed for the 2025-2026 proxy season
Holder % outstanding Disclosure
Walton Enterprises, LLC 44.27% 13D
Vanguard Group 5.53% 13F
BlackRock 4.45% 13F
State Street 2.34% 13F
JPMorgan Chase 1.54% 13F
Geode Capital 1.33% 13F
Morgan Stanley 1.06% 13F
Walmart Inc. 0.96% 13D
Invesco 0.55% 13F
Goldman Sachs 0.53% 13F

Percentages above are of 7,958,079,155 shares outstanding, as reported by Walmart Inc. on its Form 10-Q dated May 27, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 Walmart Inc.’s 10-Q dated May 27, 2026. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At Walmart Inc.'s shareholder meeting held June 4, 2026, in the 2025-2026 proxy season, 1,689 asset managers reported how they voted on 18 ballot items in their SEC Form N-PX filings, covering 28,299 separate fund positions. On the most widely held item on that ballot — ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION — FOR was 96% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Walmart Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 5, 2026.

Walmart Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

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