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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

1,401 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
Mr. Cooper Group Inc. September 3, 2025 To approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to Mr. Cooper's named executive officers that is based on or otherwise related to the mergers (the "merger-related compensation proposal"). Say-on-Pay Board (inferred) AGAINST 4
NAURA Technology Group Co., Ltd. December 8, 2025 Approve Draft and Summary of Employee Share Purchase Plan Compensation Board AGAINST 4
NAURA Technology Group Co., Ltd. December 8, 2025 Approve Management Method of Employee Share Purchase Plan Compensation Board AGAINST 4
NetScout Systems, Inc. September 10, 2025 To approve the NetScout Systems, Inc. 2019 Equity Incentive Plan, as amended. Compensation Board AGAINST 4
New Jersey Resources Corporation January 21, 2026 To approve the 2026 Stock Award and Incentive Plan. Compensation Board AGAINST 4
OTP Bank Nyrt April 17, 2026 Approve Remuneration Policy Compensation Board AGAINST 4
OTP Bank Nyrt April 17, 2026 Approve Remuneration of Management Board, Supervisory Board, and Audit Committee Members Compensation Board AGAINST 4
OTP Bank Nyrt April 17, 2026 Receive Report on Share Repurchase Program; Authorize Share Repurchase Program Capital Structure Board AGAINST 4
PROG Holdings, Inc. May 6, 2026 Approval of the amendment to the PROG Holdings, Inc. Amended and Restated 2015 Equity and Incentive Plan. Compensation Board AGAINST 4
PagSeguro Digital Ltd. December 19, 2025 Elect Director Alexandre Magnani Director Elections Board AGAINST 4
PagSeguro Digital Ltd. December 19, 2025 Elect Director Artur Schunck Director Elections Board AGAINST 4
Penumbra, Inc. May 6, 2026 To approve, on a non-binding, advisory basis, the compensation that Penumbra's named executive officers will or may be eligible to receive in connection with the Merger; and Say-on-Pay Board ABSTAIN 4
PetroChina Company Limited December 18, 2025 Elect Song Dayong as Director Director Elections Board AGAINST 4
PetroChina Company Limited December 18, 2025 Elect Zhou Xinhuai as Director Director Elections Board AGAINST 4
Polaris Inc. April 30, 2026 Adoption of the Amended and Restated Polaris Inc. 2024 Omnibus Incentive Plan Compensation Board AGAINST 4
Safe Bulkers, Inc. September 16, 2025 Elect Director Christos Megalou Director Elections Board WITHHOLD 4
Safe Bulkers, Inc. September 16, 2025 Elect Director Loukas Barmparis Director Elections Board WITHHOLD 4
Safe Bulkers, Inc. September 16, 2025 Elect Director Marina Hajioannou Director Elections Board WITHHOLD 4
Sanmina Corporation March 9, 2026 To approve the reservation of an additional 1,200,000 shares of common stock for issuance under the 2019 Equity Incentive Plan of Sanmina Corporation. Compensation Board AGAINST 4
Sanmina Corporation March 9, 2026 To elect eight directors of Sanmina Corporation: Mythili Sankaran Director Elections Board AGAINST 4
SiTime Corporation May 29, 2026 To approve, on an advisory basis, the compensation of SiTime's named executive officers as disclosed in SiTime's proxy statement. Say-on-Pay Board (inferred) AGAINST 4
Skyworks Solutions, Inc. May 13, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the Company's Proxy Statement. Say-on-Pay Board (inferred) AGAINST 4
Stellantis NV April 14, 2026 Reelect John Elkann as Executive Director Director Elections Board AGAINST 4
TeraWulf Inc. June 9, 2026 The approval, on a non-binding, advisory basis, of the compensation of our named executive officers ("Say-on-Pay"); and Say-on-Pay Board (inferred) AGAINST 4
United Natural Foods, Inc. December 16, 2025 The approval of the Fifth Amended and Restated 2020 Equity Incentive Plan. Compensation Board AGAINST 4
Viavi Solutions Inc. November 12, 2025 Amendment and Restatement of 2003 Equity Incentive Plan Compensation Board AGAINST 4
Vistance Networks, Inc. May 7, 2026 Approval of additional shares under the Company's 2019 Long-Term Incentive Plan. Compensation Board AGAINST 4
Wave Life Sciences Ltd. August 5, 2025 The election of the nominees for director: Gregory L. Verdine, Ph.D. Director Elections Board AGAINST 4
Wave Life Sciences Ltd. August 5, 2025 To approve a proposed amendment to our 2021 Equity Incentive Plan, as amended, in the manner and on the basis as set forth under "Proposal 4: Approval of an Amendment to the 2021 Equity Incentive Plan, as amended" in the proxy statement. Compensation Board AGAINST 4
Wave Life Sciences Ltd. August 5, 2025 To authorize the Board of Directors to allot and issue Ordinary Shares of Wave Life Sciences Ltd. Capital Structure Board AGAINST 4
Worthington Enterprises, Inc. September 23, 2025 Approve the Worthington Enterprises, Inc. 2025 Equity Plan for Non-Employee Directors. Compensation Board AGAINST 4
Xenon Pharmaceuticals Inc. June 2, 2026 To approve the Corporation's 2026 Equity Incentive Plan; Compensation Board AGAINST 4
ANZ Group Holdings Limited December 18, 2025 Approve Remuneration Report Compensation Board AGAINST 3
ANZ Group Holdings Limited December 18, 2025 Approve the Spill Resolution Compensation Board AGAINST 3
Abacus Global Management, Inc. June 3, 2026 Approval, by an advisory vote, of the compensation of the Company's Named Executive Officers. Say-on-Pay 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 (inferred) AGAINST 3
Bio-Techne Corporation October 30, 2025 Approve, on an advisory basis, the compensation of our executive officers. Say-on-Pay Board (inferred) AGAINST 3
Birkenstock Holding Plc April 29, 2026 Elect Director Alexandre Arnault Director Elections Board AGAINST 3
Birkenstock Holding Plc April 29, 2026 Elect Director Oliver Reichert Director Elections Board AGAINST 3
Birkenstock Holding Plc April 29, 2026 Elect Director Ruth Kennedy Director Elections Board AGAINST 3
Black Rock Coffee Bar, Inc. May 27, 2026 The election of Class I directors: Jeff Hernandez Director Elections Board WITHHOLD 3
Black Rock Coffee Bar, Inc. May 27, 2026 The election of Class I directors: Kristina Cashman Director Elections Board WITHHOLD 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Approve Independence Classification of Independent Directors Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Authorize Board to Elect Rest of Members and Chairs of Committees Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Alberto Torrado Martinez as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Alvaro Vaqueiro Ussel as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Blanca Avelina Trevino de Vega as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Claudia Janez Sanchez as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Clemente Ismael Reyes-Retana Valdes as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Eduardo Cepeda Fernandez as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Eduardo Osuna Osuna as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Eduardo Valdes Acra as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Ernesto Ortega Arellano as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Felipe Garcia Ascencio as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Gina Diez Barroso Azcarraga as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Jose Kaun Nader as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Marcos Alejandro Martinez Gavica as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Marcos Ramirez Miguel as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Elect or Ratify Tania Ortiz Mena Lopez Negrete as Director Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Alberto Torrado Martinez as Member of Corporate Practices Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Claudia Janez Sanchez as Member of Audit Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Clemente Ismael Reyes-Retana Valdes as Chair of Audit Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Eduardo Valdes Acra as Member of Audit Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Gina Diez Barroso Azcarraga as Member of Corporate Practices Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Marcos Alejandro Martinez Gavica as Member of Audit Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Marcos Alejandro Martinez Gavica as Member of Corporate Practices Committee Director Elections Board AGAINST 3
Bolsa Mexicana de Valores SAB de CV April 27, 2026 Ratify Tania Ortiz Mena Lopez Negrete as Chair of Corporate Practices Committee Director Elections Board AGAINST 3
CAVA Group, Inc. June 22, 2026 Election of Class I Directors: James D. White Director Elections Board WITHHOLD 3
CTS Eventim AG & Co. KGaA May 27, 2026 Approve Remuneration Report Compensation Board AGAINST 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Frederick Ernest Ehrsam III Director Elections Board WITHHOLD 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Gokul Rajaram Director Elections Board WITHHOLD 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Marc L. Andreessen Director Elections Board WITHHOLD 3
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 3
Edenred SA May 7, 2026 Approve Compensation of Bertrand Dumazy, Chairman and CEO Compensation Board AGAINST 3
FDJ United April 23, 2026 Elect Francois Marion as Director Director Elections Board AGAINST 3
FDJ United April 23, 2026 Reelect Ghislaine Doukhan as Director Director Elections Board AGAINST 3
FDJ United April 23, 2026 Reelect Xavier Girre as Director Director Elections Board AGAINST 3
Flagstar Bank, N.A. June 9, 2026 An advisory vote to approve, on a non-binding basis, compensation of our named executive officers disclosed in the accompanying proxy statement. Say-on-Pay Board AGAINST 3
International Petroleum Corporation May 6, 2026 Elect Director Chris Bruijnzeels Director Elections Board WITHHOLD 3
Lincoln National Corporation May 28, 2026 The approval of an advisory resolution on the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 3
Newmark Group, Inc. December 30, 2025 Approval, on an advisory basis, of executive compensation. Say-on-Pay Board AGAINST 3
Nicolet Bankshares, Inc. May 18, 2026 Approval, on a non-binding advisory basis, of the compensation paid to Nicolet's named executive officers. Say-on-Pay Board AGAINST 3
Penumbra, Inc. May 6, 2026 To approve and adopt the Merger Agreement; Extraordinary Transactions Board ABSTAIN 3
SharkNinja, Inc. June 18, 2026 Election of Directors: Chi Kin Max Hui Director Elections Board AGAINST 3
SharkNinja, Inc. June 18, 2026 Election of Directors: Timothy R. Warner Director Elections Board AGAINST 3
Starwood Property Trust, Inc. April 23, 2026 Election of Directors: Barry S. Sternlicht Director Elections Board WITHHOLD 3
Stellantis NV July 18, 2025 Elect Antonio Filosa as Executive Director (Chief Executive Officer) Director Elections Board AGAINST 3
Synovus Financial Corp. November 6, 2025 To approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to Synovus' named executive officers in connection with the merger. Say-on-Pay Board (inferred) AGAINST 3
Trimble Inc. May 26, 2026 Election of Directors: Kaigham (Ken) Gabriel Director Elections Board WITHHOLD 3
Trimble Inc. May 26, 2026 Election of Directors: Kara Sprague Director Elections Board WITHHOLD 3
Trimble Inc. May 26, 2026 Election of Directors: Mark S. Peek Director Elections Board WITHHOLD 3
Trimble Inc. May 26, 2026 Election of Directors: Meaghan Lloyd Director Elections Board WITHHOLD 3
Trimble Inc. May 26, 2026 Election of Directors: Thomas Sweet Director Elections Board WITHHOLD 3
Walker & Dunlop, Inc. May 19, 2026 Advisory resolution to approve executive compensation Say-on-Pay Board AGAINST 3
Abacus Global Management, Inc. June 3, 2026 To approve the Abacus Global Management, Inc. 2026 Long-Term Equity Incentive Plan. Compensation Board AGAINST 2
Allegiant Travel Company June 25, 2026 Election of Directors: Jude Bricker Director Elections Board AGAINST 2
Amcor Plc November 6, 2025 Re-election of Directors: Lucrece Foufopoulos-De Ridder Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: Paul Meister Director Elections Board AGAINST 2
Anglo American Plc December 9, 2025 Amend Long-Term Incentive Plan Compensation Board AGAINST 2
Applied Optoelectronics, Inc. June 4, 2026 To approve the 2026 equity incentive plan. Compensation Board AGAINST 2

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