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JPMorgan 2025-2026: where it broke with the board

5,568 proposals in the 2025-2026 proxy season: JPMorgan voted against, or withheld its votes from, 5,536 proposals put forward by company boards, and voted for 32 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal JPMorgan voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

5,568 proposals.

JPMorgan, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedJPMorgan votedFunds
NTT, Inc. June 18, 2026 Elect Director Hoshino, Riaki Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Onishi, Sachiko Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Patrizio Mapelli Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Sakamura, Ken Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Sasaki, Yutaka Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Sawada, Jun Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Shimada, Akira Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Takei, Natsuko Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director Watanabe, Koichiro Director Elections Board AGAINST 6
NTT, Inc. June 18, 2026 Elect Director and Audit Committee Member Nakamura, Takashi Director Elections Board AGAINST 6
NVR, INC. May 7, 2026 Election of Director: Alfred E. Festa Director Elections Board AGAINST 6
Naturgy Energy Group SA March 24, 2026 Ratify Appointment of and Elect Lars C. Bespolka as Director Director Elections Board AGAINST 6
Naturgy Energy Group SA March 24, 2026 Reelect Francisco Reynes Massanet as Director Director Elections Board AGAINST 6
Naturgy Energy Group SA March 24, 2026 Reelect Jaime Siles Fernandez Palacios as Director Director Elections Board AGAINST 6
Naturgy Energy Group SA March 24, 2026 Reelect Ramon Adell Ramon as Director Director Elections Board AGAINST 6
Newmark Group, Inc. December 30, 2025 Advisory Vote to Ratify Named Executive Officers' Compensation Say-on-Pay Board (inferred) AGAINST 6
Nippon Yusen KK June 17, 2026 Elect Director Soga, Takaya Director Elections Board AGAINST 6
Nippon Yusen KK June 17, 2026 Elect Director Tanabe, Eiichi Director Elections Board AGAINST 6
Northern Star Resources Limited November 18, 2025 Approve Issuance of FY26 LTI Performance Rights to Stuart Tonkin Compensation Board AGAINST 6
Northern Star Resources Limited November 18, 2025 Approve Issuance of FY26 STI Performance Rights to Stuart Tonkin Compensation Board AGAINST 6
Northern Star Resources Limited November 18, 2025 Elect Nicholas (Nick) Cernotta as Director Director Elections Board AGAINST 6
PARK HOTELS & RESORTS INC April 24, 2026 To approve, on an advisory (non-binding) basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 6
PAYCOM SOFTWARE, INC. May 4, 2026 Advisory approval of the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 6
PDD Holdings Inc. December 19, 2025 Elect Director Haifeng Lin Director Elections Board AGAINST 6
PDD Holdings Inc. December 19, 2025 Elect Director Jiazhen Zhao Director Elections Board AGAINST 6
PDD Holdings Inc. December 19, 2025 Elect Director Lei Chen Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Approval of the Pfizer Inc. 2019 Stock Plan, as amended April 2026 Compensation Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Dan R. Littman Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: James C. Smith Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: James Quincey Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Joseph J. Echevarria Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Ronald E. Blaylock Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Scott Gottlieb Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Shantanu Narayen Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Susan Desmond-Hellmann Director Elections Board AGAINST 6
PFIZER INC. April 23, 2026 Election of Director: Suzanne Nora Johnson Director Elections Board AGAINST 6
Petronet Lng Limited April 4, 2026 Elect Avantika Singh Aulakh as Director Director Elections Board AGAINST 6
PotlatchDeltic Corporation January 27, 2026 Advisory Vote on Golden Parachutes Say-on-Pay Board AGAINST 6
Power Assets Holdings Limited May 20, 2026 Elect Li Tzar Kuoi, Victor as Director Director Elections Board AGAINST 6
Power Assets Holdings Limited May 20, 2026 Elect Stephen Edward Bradley as Director Director Elections Board AGAINST 6
Power Grid Corporation of India Limited August 26, 2025 Elect Abhay Bakre as Director Director Elections Board AGAINST 6
Qorvo, Inc. August 13, 2025 Advisory Vote to Ratify Named Executive Officers' Compensation Say-on-Pay Board AGAINST 6
RLJ LODGING TRUST April 24, 2026 To approve the RLJ Lodging Trust 2026 Equity Incentive Plan Compensation Board AGAINST 6
ROCKET COMPANIES, INC. June 10, 2026 DIRECTOR: Matthew Rizik Director Elections Board WITHHOLD 6
Rayonier Inc. January 27, 2026 Issue Shares in Connection with Merger Extraordinary Transactions Board AGAINST 6
Recruit Holdings Co., Ltd. June 24, 2026 Elect Director Idekoba, Hisayuki Director Elections Board AGAINST 6
Recruit Holdings Co., Ltd. June 24, 2026 Elect Director Minegishi, Masumi Director Elections Board AGAINST 6
SSAB AB April 28, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 6
SSAB AB April 28, 2026 Reelect Petra Einarsson as Director Director Elections Board AGAINST 6
SUPERNUS PHARMACEUTICALS, INC. June 18, 2026 To approve, on a non-binding basis, the compensation paid to our named executive officers. Say-on-Pay Board AGAINST 6
SoftBank Group Corp. June 24, 2026 Elect Director Kenneth A. Siegel Director Elections Board AGAINST 6
SoftBank Group Corp. June 24, 2026 Elect Director Son, Masayoshi Director Elections Board AGAINST 6
Sompo Holdings, Inc. June 22, 2026 Elect Director Higashi, Kazuhiro Director Elections Board AGAINST 6
South32 Ltd. October 23, 2025 Approve Remuneration Report Say-on-Pay Board (inferred) AGAINST 6
SouthState Bank Corporation April 15, 2026 Advisory Vote to Ratify Named Executive Officers' Compensation Say-on-Pay Board AGAINST 6
Starbucks Corporation March 25, 2026 Advisory Vote to Ratify Named Executive Officers' Compensation Say-on-Pay Board (inferred) AGAINST 6
Sun Hung Kai Properties Limited November 6, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 6
Sun Hung Kai Properties Limited November 6, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 6
Sun Hung Kai Properties Limited November 6, 2025 Elect Fung Kwok-lun, William as Director Director Elections Board AGAINST 6
Sun Hung Kai Properties Limited November 6, 2025 Elect Kwok Ping-luen, Raymond as Director Director Elections Board AGAINST 6
Sun Hung Kai Properties Limited November 6, 2025 Elect Leung Nai-pang, Norman as Director Director Elections Board AGAINST 6
Swire Properties Limited May 12, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 6
Swire Properties Limited May 12, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 6
Swire Properties Limited May 12, 2026 Elect Choi, Tak Kwan Thomas as Director Director Elections Board AGAINST 6
T&D Holdings, Inc. June 25, 2026 Elect Director Moriyama, Masahiko Director Elections Board AGAINST 6
TALEN ENERGY CORPORATION May 5, 2026 To approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 6
THE MOSAIC COMPANY May 28, 2026 An advisory vote to approve the compensation of our named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board AGAINST 6
Talanx AG May 7, 2026 Approve Remuneration Report Say-on-Pay Board AGAINST 6
Tata Consultancy Services Limited June 9, 2026 Reelect N Chandrasekaran as Director Director Elections Board AGAINST 6
Telefonica SA March 25, 2026 Advisory Vote on Remuneration Report Say-on-Pay Board (inferred) AGAINST 6
Temenos AG May 13, 2026 Ratify PricewaterhouseCoopers S.A. as Auditors Audit-related Board AGAINST 6
Tenaris SA May 12, 2026 Approve Remuneration Report Say-on-Pay Board AGAINST 6
Tenaris SA May 12, 2026 Approve Share Repurchase Capital Structure Board AGAINST 6
The Estee Lauder Companies Inc. November 13, 2025 Elect Director Jennifer Tejada Director Elections Board WITHHOLD 6
The Estee Lauder Companies Inc. November 13, 2025 Elect Director Richard F. Zannino Director Elections Board WITHHOLD 6
The Hong Kong and China Gas Company Limited June 1, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 6
The Hong Kong and China Gas Company Limited June 1, 2026 Elect David Li Kwok-po as Director Director Elections Board AGAINST 6
Tri Pointe Homes, Inc. April 16, 2026 Advisory Vote on Golden Parachutes Say-on-Pay Board AGAINST 6
UniFirst Corporation December 15, 2025 Elect Management Nominee Director Joseph M. Nowicki Director Elections Board WITHHOLD 6
UniFirst Corporation December 15, 2025 Elect Management Nominee Director Steven S. Sintros Director Elections Board WITHHOLD 6
VARONIS SYSTEMS, INC. June 1, 2026 To approve, on a non-binding, advisory basis, the executive compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 6
VERIS RESIDENTIAL, INC. May 21, 2026 To approve, by a non-binding advisory vote, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the transactions contemplated by the Merger Agreement. Say-on-Pay Board AGAINST 6
VIPER ENERGY, INC. May 19, 2026 The approval, on an advisory basis, of the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 6
Var Energi ASA May 29, 2026 Approve Remuneration Statement Say-on-Pay Board (inferred) AGAINST 6
Wesbanco, Inc. April 15, 2026 Elect Director F. Eric Nelson, Jr. Director Elections Board WITHHOLD 6
Xero Limited August 21, 2025 Approve Remuneration Report Say-on-Pay Board (inferred) AGAINST 6
Zhongji Innolight Co., Ltd. June 12, 2026 Elect Qu Wenzhou as Director Director Elections Board AGAINST 6
Zhongji Innolight Co., Ltd. June 12, 2026 Elect Zhan Shuping as Director Director Elections Board AGAINST 6
AKAMAI TECHNOLOGIES, INC. May 13, 2026 To approve an amendment to our Second Amended and Restated 2013 Stock Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 8,000,000 shares. Compensation Board AGAINST 5
ALIGN TECHNOLOGY, INC. May 20, 2026 Election of Director: Kevin T. Conroy Director Elections Board AGAINST 5
AMERICAN FINANCIAL GROUP, INC. May 20, 2026 DIRECTOR: William W. Verity Director Elections Board WITHHOLD 5
ANDERSEN GROUP INC. June 22, 2026 DIRECTOR: Susan Decker Director Elections Board WITHHOLD 5
ANZ Group Holdings Limited December 18, 2025 Approve the Spill Resolution Compensation Board AGAINST 5
ANZ Group Holdings Limited December 18, 2025 Elect Jeffrey Paul Smith as Director Director Elections Board AGAINST 5
ASSA ABLOY AB April 28, 2026 Approve Performance Share Matching Plan LTI 2026 for Senior Executives and Key Employees Compensation Board AGAINST 5
Aker BP ASA April 21, 2026 Approve Creation of Up to NOK 31.6 Million Pool of Capital without Preemptive Rights Capital Structure Board AGAINST 5
Aker BP ASA April 21, 2026 Authorize Share Repurchase Program and Reissuance of Repurchased Shares Capital Structure Board AGAINST 5
Albertsons Companies, Inc. August 7, 2025 Report on Food Waste Management Environment or Climate Shareholder Against FOR 5
Alfa Laval AB April 22, 2026 Approve Remuneration Report Say-on-Pay Board (inferred) AGAINST 5
Alimentation Couche-Tard Inc. September 3, 2025 Elect Director Melanie Kau Director Elections Board WITHHOLD 5

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Built November 7, 2026 from SEC Form N-PX filings.