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Putnam 2025-2026: where it broke with the board

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

1,421 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
TPG Inc. June 3, 2026 Election of Executive Committee Members: Jeffrey Rhodes Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: Jon Winkelried Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: Kelvin Davis Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: Nehal Raj Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: Todd Sisitsky Director Elections Board WITHHOLD 11
Adobe Inc. April 15, 2026 Approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 10
Arista Networks, Inc. May 29, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 10
Axos Financial, Inc. November 13, 2025 To approve in a non-binding and advisory vote, the compensation of the Company's Named Executive Officers as disclosed in the proxy statement. Say-on-Pay Board (inferred) AGAINST 10
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 10
MaxLinear, Inc. May 20, 2026 To approve, on an advisory basis, the compensation of our named executive officers for the year ended December 31, 2025, as set forth in the proxy statement. Say-on-Pay Board (inferred) AGAINST 10
Precigen, Inc. June 18, 2026 Company Proposal - Approval of an amendment to the 2023 Omnibus Incentive Plan. Compensation Board AGAINST 10
Precigen, Inc. June 18, 2026 Company Proposal - Election of Directors: Vinita Gupta Director Elections Board AGAINST 10
Rhythm Pharmaceuticals, Inc. June 24, 2026 Election of the Class III directors, each to serve for a three year term until the 2029 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified: David W.J. McGirr Director Elections Board WITHHOLD 10
Roblox Corporation May 28, 2026 Advisory Vote on the Compensation of our Named Executive Officers. Say-on-Pay Board (inferred) AGAINST 10
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 (inferred) AGAINST 10
Universal Music Group NV May 13, 2026 Approve Remuneration Report Compensation Board AGAINST 10
Eastman Chemical Company May 7, 2026 Approval of the 2026 Omnibus Stock Compensation Plan Compensation Board AGAINST 9
MakeMyTrip Limited September 11, 2025 Reelect Director Hashim Joomye Director Elections Board AGAINST 9
MakeMyTrip Limited September 11, 2025 Reelect Director Mohit Kabra Director Elections Board AGAINST 9
MakeMyTrip Limited September 11, 2025 Reelect Director Savinilorna Payandi Pillay Ramen Director Elections Board AGAINST 9
MakeMyTrip Limited September 11, 2025 Reelect Director Vivek N. Gour Director Elections Board AGAINST 9
Muenchener Rueckversicherungs-Gesellschaft AG April 29, 2026 Elect Frederic de Courtois to the Supervisory Board Director Elections Board AGAINST 9
PT Unilever Indonesia Tbk February 13, 2026 Approve Delegation of Authority to the Board of Commissioners to Approve Changes to Pension Fund Regulation Compensation Board AGAINST 9
Prosus NV August 20, 2025 Approve Remuneration Policy Compensation Board AGAINST 9
Prosus NV August 20, 2025 Approve Remuneration Report Compensation Board AGAINST 9
Prosus NV August 20, 2025 Authorize Repurchase of Shares Capital Structure Board AGAINST 9
RingCentral, Inc. December 31, 2025 To approve, on an advisory, non-binding basis, the named executive officers' compensation, as disclosed in the proxy statement (Proposal Three). Say-on-Pay Board (inferred) AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Andrew K. Silvernail Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Emmanuel P. Maceda Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Giovanni Caforio, M.D. Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Kevin A. Lobo Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Lisa M. Skeete Tatum Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Mary K. Brainerd Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Rachel M. Ruggeri Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Rajeev Suri Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Ronda E. Stryker Director Elections Board AGAINST 9
Stryker Corporation May 6, 2026 Election Directors: Sherilyn S. McCoy Director Elections Board AGAINST 9
Alexander's, Inc. May 21, 2026 Non-Binding Advisory Resolution on Executive Compensation. Say-on-Pay Board (inferred) AGAINST 8
Arrowhead Pharmaceuticals, Inc. March 19, 2026 Advisory Vote to Approve Executive Compensation. Say-on-Pay Board (inferred) AGAINST 8
BK Technologies Corporation June 18, 2026 To approve, on an advisory, non-binding basis, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Bandwidth Inc. May 28, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the proxy statement; Say-on-Pay Board (inferred) AGAINST 8
BioCryst Pharmaceuticals, Inc. June 11, 2026 To hold a non-binding, advisory vote regarding executive compensation. Say-on-Pay Board (inferred) AGAINST 8
CEVA, Inc. June 2, 2026 Advisory vote to approve named executive officer compensation Say-on-Pay Board (inferred) AGAINST 8
Calavo Growers, Inc. April 28, 2026 The Merger-Related Compensation Proposal - A non-binding, advisory proposal to approve compensation that will or may become payable by Calavo to its named executive officers in connection with the transactions contemplated by the Merger Agreement. Say-on-Pay Board (inferred) AGAINST 8
Customers Bancorp, Inc. May 26, 2026 To approve a non-binding advisory resolution on named executive officer compensation. Say-on-Pay Board (inferred) AGAINST 8
FormFactor, Inc. May 15, 2026 Amendment to the FormFactor, Inc. 2012 Equity Incentive Plan to increase the number of shares reserved for issuance under the 2012 Equity Incentive Plan by 5,000,000 shares. Compensation Board AGAINST 8
Galderma Group AG April 22, 2026 Approve Remuneration Report (Non-Binding) Compensation Board AGAINST 8
Galderma Group AG April 22, 2026 Approve Remuneration of Executive Committee in the Amount of CHF 31.2 Million Compensation Board AGAINST 8
Grindr Inc. June 2, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board (inferred) AGAINST 8
Guardant Health, Inc. June 17, 2026 Election of Class II Directors: Ian Clark Director Elections Board WITHHOLD 8
Hong Kong Exchanges and Clearing Limited April 29, 2026 Elect Gordon Robert Halyburton Orr as Director Director Elections Board AGAINST 8
IonQ, Inc. June 16, 2026 To approve, on an advisory basis, the compensation of our named executive officers in 2025. Say-on-Pay Board (inferred) AGAINST 8
Janus Henderson Group Plc May 29, 2026 Advisory Say-on-Pay Vote on Executive Compensation. Say-on-Pay Board (inferred) AGAINST 8
Jardine Matheson Holdings Ltd. May 7, 2026 Elect Lincoln Pan as Director Director Elections Board AGAINST 8
Jardine Matheson Holdings Ltd. May 7, 2026 Elect Tim Wise as Director Director Elections Board AGAINST 8
Jardine Matheson Holdings Ltd. May 7, 2026 Re-elect Adam Keswick as Director Director Elections Board AGAINST 8
Jardine Matheson Holdings Ltd. May 7, 2026 Re-elect Graham Baker as Director Director Elections Board AGAINST 8
Ladder Capital Corp. June 4, 2026 Election of the below Nominees to the Board of Directors: Mark Alexander Director Elections Board WITHHOLD 8
MaxLinear, Inc. May 20, 2026 To approve an amendment and restatement of the MaxLinear, Inc. Amended and Restated 2010 Equity Incentive Plan, including approval of a new ten-year term and an increase in the number of shares reserved thereunder by 3,204,107. Compensation Board AGAINST 8
Navitas Semiconductor Corporation June 25, 2026 The approval of an advisory resolution on the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Ouster, Inc. June 17, 2026 Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Protagonist Therapeutics, Inc. June 17, 2026 To approve the adoption of the Company's 2026 Equity Incentive Plan. Compensation Board AGAINST 8
Red Rock Resorts, Inc. June 4, 2026 Advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Rithm Capital Corp. May 21, 2026 To approve the First Amendment to the Rithm Capital Corp. 2023 Omnibus Incentive Plan. Compensation Board AGAINST 8
Select Medical Holdings Corporation June 26, 2026 To consider and vote on the proposal to approve, on a non-binding, advisory basis, the compensation that will or may become payable by the Company to its named executive officers in connection with the Merger (the "Compensation Proposal"). Say-on-Pay Board (inferred) AGAINST 8
Semtech Corporation June 4, 2026 Approve the amendment and restatement of the Semtech Corporation 2017 Long-Term Equity Incentive Plan. Compensation Board AGAINST 8
Simon Property Group, Inc. May 13, 2026 Advisory Vote to Approve the Compensation of our Named Executive Officers. Say-on-Pay Board (inferred) AGAINST 8
Snowflake Inc. July 2, 2025 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Steelcase Inc. December 5, 2025 Proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Steelcase's named executive officers that is based on or otherwise relates to the mergers contemplated by the Merger Agreement (the "Steelcase compensation proposal"). Say-on-Pay Board (inferred) AGAINST 8
Stoke Therapeutics, Inc. June 3, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Teekay Tankers Ltd. June 16, 2026 Elect Director Peter Antturi Director Elections Board WITHHOLD 8
Tesco Plc June 18, 2026 Re-elect Thierry Garnier as Director (WITHDRAWN) Director Elections Board ABSTAIN 8
The Trade Desk, Inc. September 16, 2025 The approval of the amendment and restatement of the articles of incorporation of The Trade Desk, Inc. to change the date all of the shares of Class B common stock will automatically convert into Class A common stock and to waive jury trials for internal actions in conformity with recent Nevada law updates. Capital Structure Board AGAINST 8
Tri Pointe Homes, Inc. April 16, 2026 To approve, on a non-binding, advisory basis, 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 Merger Agreement and the transactions contemplated therein. Say-on-Pay Board (inferred) AGAINST 8
Upwork Inc. June 4, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board (inferred) AGAINST 8
Wells Fargo & Company April 28, 2026 Advisory resolution to approve executive compensation (Say on Pay). Say-on-Pay Board (inferred) AGAINST 8
nLIGHT, Inc. June 5, 2026 To approve, on an advisory, non-binding basis, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 8
Alibaba Group Holding Limited September 25, 2025 Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as U.S. and Hong Kong Auditors, Respectively, and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 7
Danske Bank A/S March 26, 2026 Approve Remuneration Policy Compensation Board AGAINST 7
Graco Inc. April 24, 2026 Approval, on an advisory basis, of the compensation paid to our named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board (inferred) AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Alicia Alejandra Lebrija Hirschfeld as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Carlos de la Isla Corry as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Clemente Ismael Reyes Retana Valdes as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect David Juan Villarreal Montemayor as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect David Penaloza Alanis as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Diana Munozcano Felix as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Federico Carlos Fernandez Senderos as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Jose Antonio Chedraui Eguia as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Jose Marcos Ramirez Miguel as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Juan Antonio Gonzalez Moreno as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Mariana Banos Reynaud as Director Director Elections Board AGAINST 7
Grupo Financiero Banorte SAB de CV April 23, 2026 Elect Thomas Stanley Heather Rodriguez as Director Director Elections Board AGAINST 7
Industria de Diseno Textil SA July 15, 2025 Elect Roberto Cibeira Moreiras as Director Director Elections Board AGAINST 7
Korea Electric Power Corp. May 21, 2026 Elect Kim Tae-ock as Inside Director to Serve as an Audit Committee Member Director Elections Board AGAINST 7
Korea Electric Power Corp. June 17, 2026 Elect Baek Woo-gi as Inside Director Director Elections Board AGAINST 7
Korea Electric Power Corp. June 17, 2026 Elect Hwang Jeong-hwa as a Member of Audit Committee Director Elections Board AGAINST 7
Korea Electric Power Corp. June 17, 2026 Elect Jeon Chan-hyeok as Inside Director Director Elections Board AGAINST 7
Korea Electric Power Corp. June 17, 2026 Elect Jeong Doh-jin as a Member of Audit Committee Director Elections Board AGAINST 7
LVMH Moet Hennessy Louis Vuitton SE April 23, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 7
LVMH Moet Hennessy Louis Vuitton SE April 23, 2026 Approve Compensation of Bernard Arnault, Chairman and CEO Compensation Board AGAINST 7

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Built October 13, 2026 from SEC Form N-PX filings.