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Putnam 2025-2026: where it broke with the board

1,401 proposals in the 2025-2026 proxy season: Putnam voted against, or withheld its votes from, 1,398 proposals put forward by company boards, and voted for 3 shareholder proposals, by its own Form N-PX filings.

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

1,401 proposals.

Putnam, 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 recommendedPutnam votedFunds
AERCAP HOLDINGS N.V. April 15, 2026 Report of the Nomination & Compensation Committee for the 2025 financial year Say-on-Pay Board AGAINST 1
AEYE, INC. May 12, 2026 To approve, on an advisory and non-binding basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
AMERICAN INTERNATIONAL GROUP, INC. May 13, 2026 Advisory Vote to Approve Named Executive Officer Compensation. Say-on-Pay Board AGAINST 1
ANHEUSER-BUSCH INBEV SA April 29, 2026 Remuneration report: Proposed resolution: approving the remuneration report for the financial year 2025. Say-on-Pay Board AGAINST 1
APOLLO GLOBAL MANAGEMENT, INC. June 8, 2026 An advisory vote to approve the compensation of AGM's named executive officers (Say on Pay); Say-on-Pay Board AGAINST 1
ARGENX SE May 6, 2026 The 2025 remuneration report (advisory non-binding voting item) Say-on-Pay Board AGAINST 1
AVANOS MEDICAL,INC. April 21, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 1
AXON ENTERPRISE, INC. May 28, 2026 Proposal No. 2 requests that shareholders vote to approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
America Movil SAB de CV April 23, 2026 Approve Consolidated Financial Statements, Allocation of Income and Dividends Capital Structure Board AGAINST 1
America Movil SAB de CV April 23, 2026 Elect and/or Ratify Antonio Cosio Pando as Director Director Elections Board AGAINST 1
America Movil SAB de CV April 23, 2026 Elect and/or Ratify Claudia Janez Sanchez as Director Director Elections Board AGAINST 1
America Movil SAB de CV April 23, 2026 Elect and/or Ratify Claudia Janez Sanchez as Member of Audit and Corporate Practices Committee Director Elections Board AGAINST 1
America Movil SAB de CV April 23, 2026 Elect and/or Ratify David Ibarra Munoz as Director Director Elections Board AGAINST 1
America Movil SAB de CV April 23, 2026 Elect and/or Ratify Ernesto Vega Velasco as Chair of Audit and Corporate Practices Committee Director Elections Board AGAINST 1
America Movil SAB de CV April 23, 2026 Elect and/or Ratify Ernesto Vega Velasco as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Elect Dominique Potiron as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Ratify Appointment of Clotilde L Angevin as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Ratify Appointment of Nicolas Maure as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Ratify Appointment of Pierre Cambefort as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Reelect Laurence Danon-Arnaud as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Reelect Nicolas Maure as Director Director Elections Board AGAINST 1
Amundi SA June 2, 2026 Reelect Pierre Cambefort as Director Director Elections Board AGAINST 1
Applied Digital Corporation November 5, 2025 Approve, on an advisory basis, the executive compensation of the Company's named executive officers as described in the proxy statement. Say-on-Pay Board AGAINST 1
BARRICK MINING CORPORATION May 8, 2026 ADVISORY RESOLUTION ON APPROACH TO EXECUTIVE COMPENSATION. Say-on-Pay Board AGAINST 1
BAXTER INTERNATIONAL INC. May 5, 2026 Advisory Vote to Approve Named Executive Officer Compensation for 2025 Say-on-Pay Board AGAINST 1
BLACKROCK, INC. May 20, 2026 Approval, in a non-binding advisory vote, of the compensation for named executive officers. Say-on-Pay Board AGAINST 1
BRAEMAR HOTELS & RESORTS INC. December 15, 2025 To obtain advisory approval of the Company's executive compensation. Say-on-Pay Board AGAINST 1
Bajaj Auto Limited June 16, 2026 Approve Reappointment and Remuneration of Pradeep Shrivastava as Whole Time Director Designated as Executive Director Compensation Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Alberto Oliveti as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Cecilia Rossignoli as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Elisa Corghi as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Giorgio Mion as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Manuela Soffientini as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Marco Bragadin as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Maurizio Comoli as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Milena Teresa Motta as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Pietro Grassano as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Savino Casamassima as Director Director Elections Board AGAINST 1
Banco BPM SpA April 16, 2026 Elect Teresa Naddeo as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Chen Li as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Gao Xiangming as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Guan Xinping as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Li Zhiqing as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Liu Baojun as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Su Min as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Tian Yong as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Yao Linlong as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Zhou Xuedong as Director Director Elections Board AGAINST 1
Baoshan Iron & Steel Co., Ltd. August 8, 2025 Elect Zou Jixin as Director Director Elections Board AGAINST 1
BeOne Medicines AG June 11, 2026 THAT Dr. Alessandro Riva be and is hereby re-elected to serve as a director of the Company for a term extending until completion of the 2027 annual general meeting. Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Bharatsinh Prabhatsinh Parmar as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Harikumar Raghavan Nair as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Kamesh Kasana as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Meera Mohanty as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Pradeep Tripathi as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Rajnish Sharma as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Vishwambhar Singh as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Reelect K V Suresh Kumar as Director Director Elections Board AGAINST 1
Brambles Limited October 23, 2025 Elect Maxine Nicole Brenner as Director Director Elections Board AGAINST 1
Brodrene A&O Johansen A/S March 20, 2026 Approve Remuneration of Directors in the Aggregate Amount of DKK 4.1 Million Compensation Board AGAINST 1
Brodrene A&O Johansen A/S March 20, 2026 Reelect Ann M. Fogelgren as Director Director Elections Board ABSTAIN 1
Brodrene A&O Johansen A/S March 20, 2026 Reelect Erik P. Holm (Vice Chair) as Director Director Elections Board ABSTAIN 1
Brodrene A&O Johansen A/S March 20, 2026 Reelect Henning B. Dyremose (Chair) as Director Director Elections Board ABSTAIN 1
Brodrene A&O Johansen A/S March 20, 2026 Reelect Niels A. Johansen as Director Director Elections Board ABSTAIN 1
Brodrene A&O Johansen A/S March 20, 2026 Reelect Peter Gath as Director Director Elections Board ABSTAIN 1
CADENCE BANK January 6, 2026 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Cadence's named executive officers that is based on or otherwise relates to the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 1
CANADIAN PACIFIC KANSAS CITY LIMITED April 29, 2026 Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circular. Say-on-Pay Board AGAINST 1
CANNAE HOLDINGS, INC. December 12, 2025 Approval, on an advisory (non-binding) basis, of the 2024 compensation paid to the Company's named executive officers. Say-on-Pay Board AGAINST 1
CANOPY GROWTH CORPORATION October 10, 2025 To adopt, on an advisory (non-binding) basis, a resolution approving the compensation of the Company's named executive officers, as described in the proxy statement. Say-on-Pay Board AGAINST 1
CAPITAL ONE FINANCIAL CORPORATION May 8, 2026 Advisory vote on our Named Executive Officer compensation (''Say on Pay''). Say-on-Pay Board AGAINST 1
CHEWY, INC. July 10, 2025 To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
CITIGROUP INC. May 20, 2026 Advisory vote to approve our 2025 Executive Compensation. Say-on-Pay Board AGAINST 1
CLOUDFLARE, INC. June 30, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
CMOC Group Limited April 28, 2026 Approve Purchase of Structured Deposit with Internal Idle Fund Extraordinary Transactions Board AGAINST 1
CMOC Group Limited April 28, 2026 Authorize Board to Decide on Issuance of Debt Financing Instruments Capital Structure Board AGAINST 1
COGENT COMMUNICATIONS HOLDINGS, INC. May 1, 2026 PROPOSAL - To hold an advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 1
COGNEX CORPORATION April 29, 2026 To approve, on an advisory basis, the compensation of Cognex's named executive officers, as described in the proxy statement including the Compensation Discussion and Analysis, compensation tables and narrative discussion ("say-on-pay"). Say-on-Pay Board AGAINST 1
COLLIERS INTERNATIONAL GROUP INC. March 31, 2026 An advisory resolution on Colliers' approach to executive compensation as set out in the accompanying Circular. Say-on-Pay Board AGAINST 1
COMCAST CORPORATION June 10, 2026 Advisory vote on executive compensation Say-on-Pay Board AGAINST 1
COMTECH TELECOMMUNICATIONS CORP. March 9, 2026 Approval, on an advisory basis, of the compensation of our Named Executive Officers. Say-on-Pay Board AGAINST 1
COSTAR GROUP, INC. June 23, 2026 Proposal to approve, on an advisory basis, the Company's executive compensation. Say-on-Pay Board AGAINST 1
CRISPR THERAPEUTICS AG June 4, 2026 Non-binding advisory vote on the compensation paid to the Company's named executive officers under U.S. securities law requirements. Say-on-Pay Board AGAINST 1
CROWN CASTLE INC. May 20, 2026 The non-binding, advisory vote to approve the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
Canon, Inc. March 27, 2026 Appoint Statutory Auditor Asakura, Kaori Compensation Board AGAINST 1
Canon, Inc. March 27, 2026 Appoint Statutory Auditor Naruse, Ikuko Compensation Board AGAINST 1
Capital Southwest Corporation July 24, 2025 To approve, on an advisory basis, the compensation of Capital Southwest Corporation's named executive officers. Say-on-Pay Board (inferred) AGAINST 1
Carvana Co. May 5, 2026 Election of Directors: Neha Parikh Director Elections Board WITHHOLD 1
Carvana Co. May 5, 2026 To approve the Carvana Co. 2026 Omnibus Incentive Plan. Compensation Board AGAINST 1
Celcuity Inc. May 14, 2026 Elect Leo T. Furcht Director Elections Board WITHHOLD 1
China Medical System Holdings Limited April 23, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China National Building Material Company Limited April 29, 2026 Approve Registration and Issuance of Debt Financing Instruments and Related Transactions Capital Structure Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Elect Law, Cheuk Kin Stephen as Director Director Elections Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Elect Yang Ping as Director Director Elections Board AGAINST 1
Compass, Inc. May 14, 2026 Election of Class II Directors: Charles Phillips Director Elections Board AGAINST 1
Continental AG April 30, 2026 Reelect Georg Schaeffler to the Supervisory Board Director Elections Board AGAINST 1
Continental AG April 30, 2026 Reelect Sabine Neuss to the Supervisory Board Director Elections Board AGAINST 1
Continental AG April 30, 2026 Reelect Sabrina Soussan to the Supervisory Board Director Elections Board AGAINST 1

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