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Legg Mason 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Legg Mason 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

972 proposals.

Legg Mason, 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 recommendedLegg Mason votedFunds
Microsoft Corporation December 5, 2025 Report on Data Operations in Human Rights Hotspots Human Rights or Human Capital/workforce Shareholder Against FOR 15
Oracle Corporation November 18, 2025 Advisory Vote to Approve the Compensation of our Named Executive Officers Say-on-Pay Board AGAINST 10
Tesla, Inc. November 6, 2025 A Tesla proposal for a non-binding advisory vote approving 2024 executive compensation. Say-on-Pay Board AGAINST 8
Tesla, Inc. November 6, 2025 A Tesla proposal for approval of the 2025 CEO Performance Award. Compensation Board AGAINST 8
Thermo Fisher Scientific Inc. May 20, 2026 An advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 8
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Susan L. Decker Director Elections Board WITHHOLD 7
Broadcom Inc. April 20, 2026 Advisory vote to approve the named executive officer compensation. Say-on-Pay Board AGAINST 7
Comcast Corporation June 10, 2026 Advisory vote on executive compensation Say-on-Pay Board AGAINST 7
Datadog, Inc. April 21, 2026 To approve the redomiciliation of the Company from the State of Delaware to the State of Nevada by conversion. Extraordinary Transactions Board AGAINST 7
Palo Alto Networks, Inc. December 9, 2025 To approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 7
Alphabet Inc. June 5, 2026 Advisory vote to approve compensation awarded to named executive officers Say-on-Pay Board AGAINST 6
Expedia Group, Inc. June 17, 2026 Election of Directors: Alexandr Wang Director Elections Board WITHHOLD 6
Microchip Technology Incorporated August 19, 2025 Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives. Say-on-Pay Board AGAINST 6
Microsoft Corporation December 5, 2025 Report on Human Rights Due Diligence Human Rights or Human Capital/workforce Shareholder Against FOR 6
Roblox Corporation May 28, 2026 Advisory Vote on the Compensation of our Named Executive Officers. Say-on-Pay Board AGAINST 6
Alphabet Inc. June 5, 2026 Approval of the amendment and restatement of Alphabet's Amended and Restated 2021 Stock Plan to increase the share reserve by 200,000,000 shares of Class C capital stock Compensation Board AGAINST 5
Alphabet Inc. June 5, 2026 Shareholder proposal regarding a report on AI data usage oversight Other Social Issues Shareholder Against FOR 5
BJ's Wholesale Club Holdings, Inc. June 18, 2026 Vote on a shareholder proposal regarding a report on deforestation in the company's own-brand supply chain, if properly presented at the meeting. Environment or Climate Shareholder Against FOR 5
BJ's Wholesale Club Holdings, Inc. June 18, 2026 Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts, if properly presented at the meeting. Environment or Climate Shareholder Against FOR 5
Booking Holdings Inc. June 2, 2026 Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending. Other Social Issues Shareholder Against FOR 5
GXO Logistics, Inc. May 20, 2026 Advisory Vote to Approve Executive Compensation To conduct an advisory vote to approve the executive compensation of the company's named executive officers ("NEOs") as disclosed in this Proxy Statement. Say-on-Pay Board AGAINST 5
Palantir Technologies Inc. June 3, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 5
Palantir Technologies Inc. June 3, 2026 Stockholder proposal entitled "Political Spending Disclosure," if properly presented at the Annual Meeting. Other Social Issues Shareholder Against FOR 5
Tesla, Inc. November 6, 2025 A Tesla proposal for approval of the A&R 2019 Equity Incentive Plan. Compensation Board AGAINST 5
Bio-Techne Corporation October 30, 2025 Approve, on an advisory basis, the compensation of our executive officers. Say-on-Pay Board AGAINST 4
Carvana Co. May 5, 2026 To approve the Carvana Co. 2026 Omnibus Incentive Plan. Compensation Board AGAINST 4
Citigroup Inc. May 20, 2026 Advisory vote to approve our 2025 Executive Compensation. Say-on-Pay Board AGAINST 4
Citigroup Inc. May 20, 2026 Approval of additional shares for the Citigroup 2019 Stock Incentive Plan. Compensation Board AGAINST 4
Comcast Corporation June 10, 2026 Election of Directors: Jeffrey A. Honickman Director Elections Board WITHHOLD 4
Comcast Corporation June 10, 2026 Election of Directors: Kenneth J. Bacon Director Elections Board WITHHOLD 4
Comcast Corporation June 10, 2026 Election of Directors: Madeline S. Bell Director Elections Board WITHHOLD 4
Comcast Corporation June 10, 2026 Election of Directors: Thomas J. Baltimore, Jr. Director Elections Board WITHHOLD 4
Expedia Group, Inc. June 17, 2026 Election of Directors: Barry Diller Director Elections Board WITHHOLD 4
Ford Motor Company May 14, 2026 Election of Directors: William Clay Ford, Jr. Director Elections Board AGAINST 4
Ford Motor Company May 14, 2026 Election of Directors: William E. Kennard Director Elections Board AGAINST 4
General Motors Company June 2, 2026 Proposal to Approve Amendment No. 2 to the Company's 2020 Long-Term Incentive Plan to Increase the Number of Shares Available for Issuance Thereunder Compensation Board AGAINST 4
MercadoLibre, Inc. June 9, 2026 Election of Directors: Class I Nominees: Alejandro Nicolas Aguzin Director Elections Board WITHHOLD 4
MercadoLibre, Inc. June 9, 2026 Election of Directors: Class I Nominees: Stelleo Passos Tolda Director Elections Board WITHHOLD 4
MercadoLibre, Inc. June 9, 2026 Election of Directors: Class I Nominees: Susan Segal Director Elections Board WITHHOLD 4
Meta Platforms, Inc. May 27, 2026 Election of Directors: Andrew W. Houston Director Elections Board WITHHOLD 4
Meta Platforms, Inc. May 27, 2026 Election of Directors: John Elkann Director Elections Board WITHHOLD 4
Meta Platforms, Inc. May 27, 2026 Election of Directors: Mark Zuckerberg Director Elections Board WITHHOLD 4
Meta Platforms, Inc. May 27, 2026 Election of Directors: Peggy Alford Director Elections Board WITHHOLD 4
Meta Platforms, Inc. May 27, 2026 Election of Directors: Tony Xu Director Elections Board WITHHOLD 4
Otis Worldwide Corporation May 27, 2026 Shareholder proposal regarding reporting on political contributions and expenditures Other Social Issues Shareholder Against FOR 4
Regeneron Pharmaceuticals, Inc. June 12, 2026 Election of Directors: Christine A. Poon Director Elections Board AGAINST 4
Regeneron Pharmaceuticals, Inc. June 12, 2026 Election of Directors: Craig B. Thompson, M.D. Director Elections Board AGAINST 4
Regeneron Pharmaceuticals, Inc. June 12, 2026 Election of Directors: Joseph L. Goldstein, M.D. Director Elections Board AGAINST 4
TG Therapeutics, Inc. June 11, 2026 An advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 4
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Daniel Hume Director Elections Board WITHHOLD 4
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Sagar Lonial, MD Director Elections Board WITHHOLD 4
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Yann Echelard Director Elections Board WITHHOLD 4
The Bank of New York Mellon Corporation April 14, 2026 Advisory resolution to approve the 2025 compensation of our named executive officers. Say-on-Pay Board AGAINST 4
The Goldman Sachs Group, Inc. April 29, 2026 Advisory Vote to Approve Executive Compensation (Say on Pay) Say-on-Pay Board AGAINST 4
The Goldman Sachs Group, Inc. April 29, 2026 Shareholder Proposal Regarding Lobbying Disclosure Other Social Issues Shareholder Against FOR 4
Wingstop Inc. May 21, 2026 Approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 4
Adobe Inc. April 15, 2026 Approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 3
Aena S.M.E. SA April 16, 2026 Reelect Maurici Lucena Betriu as Director Director Elections Board AGAINST 3
Alphabet Inc. June 5, 2026 Election of ten directors: Frances H. Arnold Director Elections Board AGAINST 3
Alphabet Inc. June 5, 2026 Election of ten directors: John L. Hennessy Director Elections Board AGAINST 3
AppLovin Corporation June 3, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 3
AppLovin Corporation June 3, 2026 Election of Directors: ADAM FOROUGHI Director Elections Board WITHHOLD 3
AppLovin Corporation June 3, 2026 Election of Directors: BARBARA MESSING Director Elections Board WITHHOLD 3
AppLovin Corporation June 3, 2026 Election of Directors: CRAIG BILLINGS Director Elections Board WITHHOLD 3
AppLovin Corporation June 3, 2026 Election of Directors: EDUARDO VIVAS Director Elections Board WITHHOLD 3
AppLovin Corporation June 3, 2026 Election of Directors: HERALD CHEN Director Elections Board WITHHOLD 3
AppLovin Corporation June 3, 2026 Election of Directors: MARGARET GEORGIADIS Director Elections Board WITHHOLD 3
AppLovin Corporation June 3, 2026 Election of Directors: MAYNARD WEBB Director Elections Board WITHHOLD 3
Becton, Dickinson and Company January 27, 2026 Advisory vote to approve named executive officer compensation Say-on-Pay Board AGAINST 3
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Charlotte Guyman Director Elections Board WITHHOLD 3
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Kenneth I. Chenault Director Elections Board WITHHOLD 3
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Stephen B. Burke Director Elections Board WITHHOLD 3
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Thomas S. Murphy, Jr. Director Elections Board WITHHOLD 3
Berkshire Hathaway Inc. May 2, 2026 Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2026 Proxy Statement. Say-on-Pay Board AGAINST 3
Broadcom Inc. April 20, 2026 Election of Directors: Harry L. You Director Elections Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of amendments to implement a stock split in which (i) each share of Class A common stock would become one share of Class A common stock and one share of Class C common stock; and (ii) each share of Class B common stock would become one share of Class B common stock and one share of Class C common stock. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of amendments to increase the number of authorized shares of Class A common stock from 2,250,000,000 to 4,500,000,000. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of amendments to provide for the equal treatment of shares of Class A common stock, Class B common stock, and Class C common stock in connection with dividends and distributions, certain transactions, and upon our liquidation, dissolution, or winding up. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of an amendment and restatement of our amended and restated certificate of incorporation: Approval and adoption of amendments to establish the Class C common stock. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval of the amendment and restatement of our 2019 Equity Incentive Plan. Compensation Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval of the amendment and restatement of our Amended and Restated 2019 Employee Stock Purchase Plan. Compensation Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 3
Contemporary Amperex Technology Co., Ltd. December 25, 2025 Approve Additional Cap for Provision of Guarantee Capital Structure Board AGAINST 3
Contemporary Amperex Technology Co., Ltd. December 25, 2025 Approve Grant of a General Mandate to the Board to Issue Shares Capital Structure Board AGAINST 3
Contemporary Amperex Technology Co., Ltd. April 3, 2026 Approve Entrusted Wealth Management Plan Extraordinary Transactions Board AGAINST 3
Contemporary Amperex Technology Co., Ltd. April 3, 2026 Approve Estimated Cap for Provision of Guarantee Capital Structure Board AGAINST 3
Contemporary Amperex Technology Co., Ltd. April 3, 2026 Approve Grant of a General Mandate to the Board to Issue Shares Capital Structure Board AGAINST 3
Eli Lilly and Company May 4, 2026 Shareholder proposal to prepare an annual lobbying report. Other Social Issues Shareholder Against FOR 3
Equinor ASA May 12, 2026 Approve Remuneration Statement Compensation Board AGAINST 3
Equinor ASA May 12, 2026 Authorize Share Repurchase Program in Connection With Employee Remuneration Programs Compensation Board AGAINST 3
Expedia Group, Inc. June 17, 2026 Election of Directors: Dara Khosrowshahi Director Elections Board WITHHOLD 3
Exxon Mobil Corporation May 27, 2026 Texas Redomiciliation Extraordinary Transactions Board AGAINST 3
Fortescue Ltd. October 31, 2025 Approve Grant of Performance Rights to Dino Otranto Compensation Board AGAINST 3
Fortescue Ltd. October 31, 2025 Approve Issuance of Performance Rights to Agustin Pichot Compensation Board AGAINST 3
Global-e Online Ltd. May 11, 2026 Approve Amended Compensation Terms of Company Co-Founders Compensation Board AGAINST 3
Global-e Online Ltd. May 11, 2026 Approve Amended and Restated Compensation Policy for the Directors and Officers of the Company Compensation Board AGAINST 3
Hormel Foods Corporation January 27, 2026 Approve the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Compensation Board AGAINST 3
Iberdrola SA May 29, 2026 Approve Long-Term Incentive Plan Compensation Board AGAINST 3
Mastercard Incorporated June 16, 2026 ELECTION OF DIRECTORS TO SERVE ON THE BOARD OF DIRECTORS: Choon Phong Goh Director Elections Board AGAINST 3
Match Group, Inc. June 16, 2026 To approve a non-binding advisory resolution on executive compensation. Say-on-Pay Board AGAINST 3

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Built October 18, 2026 from SEC Form N-PX filings.