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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
Asahi Group Holdings Ltd. March 24, 2026 Approve Allocation of Income, with a Final Dividend of JPY 26 Capital Structure Board AGAINST 2
Aviat Networks, Inc. November 5, 2025 Approval of Third Amended and Restated 2018 Incentive Plan of the Company. Compensation Board AGAINST 2
Avidbank Holdings, Inc. May 19, 2026 ELECTION OF DIRECTORS OF THE COMPANY: Kristofer W. Biorn Director Elections Board WITHHOLD 2
BioMarin Pharmaceutical Inc. June 2, 2026 Election of Directors: Ian T. Clark Director Elections Board AGAINST 2
BioMarin Pharmaceutical Inc. June 2, 2026 To approve an amendment to the Company's 2017 Equity Incentive Plan, as amended. Compensation Board AGAINST 2
Blackboxstocks Inc. January 30, 2026 The Incentive Plan Proposal - to approve the 2025 Long-Term Incentive Plan. Compensation Board AGAINST 2
Blackboxstocks Inc. February 2, 2026 Election of Directors: Dalya Sulaiman Director Elections Board WITHHOLD 2
Blackboxstocks Inc. February 2, 2026 Election of Directors: Grant Evans Director Elections Board WITHHOLD 2
Blackboxstocks Inc. February 2, 2026 Election of Directors: Gust Kepler Director Elections Board WITHHOLD 2
Blackboxstocks Inc. February 2, 2026 Election of Directors: Keller Reid Director Elections Board WITHHOLD 2
BridgeBio Pharma, Inc. June 22, 2026 To approve an amendment and restatement of the 2021 Amended and Restated BridgeBio Pharma, Inc. Stock Option and Incentive Plan to increase the number of shares of common stock reserved for issuance thereunder by 2,000,000 shares. Compensation Board AGAINST 2
Business First Bancshares, Inc. May 21, 2026 To elect 16 directors to serve on the board of directors of the Company until the Company's 2027 annual meeting of shareholders or until their successors are duly elected and qualified: George W. Cummings III Director Elections Board AGAINST 2
CES Energy Solutions Corp. June 15, 2026 Re-approve Restricted Share Unit Plan Compensation Board AGAINST 2
Camping World Holdings, Inc. May 21, 2026 Election of Class I Directors: K. Dillon Schickli Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Advisory Vote on Executive Compensation Approach Compensation Board AGAINST 2
Colliers International Group Inc. March 31, 2026 Amend Stock Option Plan Compensation Board AGAINST 2
Colliers International Group Inc. March 31, 2026 Elect Director Benjamin F. Stein Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director Edward Waitzer Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director Jay S. Hennick Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director John (Jack) P. Curtin, Jr. Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director John M. Sullivan Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director Katherine M. Lee Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director L. Frederick Sutherland Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director P. Jane Gavan Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director Poonam Puri Director Elections Board WITHHOLD 2
Colliers International Group Inc. March 31, 2026 Elect Director Stephen J. Harper Director Elections Board WITHHOLD 2
Concentrix Corporation March 25, 2026 Approval of an amendment to the Company's 2020 Stock Incentive Plan to increase the number of shares available for issuance. Compensation Board AGAINST 2
Construction Partners, Inc. March 24, 2026 Proposal to elect two Class II directors to serve for a three-year term expiring at the 2029 annual meeting of stockholders: Craig Jennings Director Elections Board WITHHOLD 2
Covenant Logistics Group, Inc. May 13, 2026 Election of Directors: Bradley A. Moline Director Elections Board WITHHOLD 2
Critical Metals Corp. December 29, 2025 Elect Director Mykhailo Zhernov Director Elections Board AGAINST 2
DELL TECHNOLOGIES INC. June 25, 2026 Approval, on a non-binding, advisory basis, of the compensation of Dell Technologies Inc.'s named executive officers as disclosed in the proxy statement Say-on-Pay Board AGAINST 2
Diebold Nixdorf, Incorporated May 22, 2026 Election of Directors: Mark Gross Director Elections Board AGAINST 2
Encore Capital Group, Inc. June 12, 2026 Approval of the Amended and Restated Encore Capital Group, Inc. 2017 Incentive Award Plan. Compensation Board AGAINST 2
Establishment Labs Holdings Inc. May 22, 2026 To elect six directors to serve for a one-year term: Leslie Gillin Director Elections Board AGAINST 2
Establishment Labs Holdings Inc. May 22, 2026 To elect six directors to serve for a one-year term: Nicholas Lewin Director Elections Board AGAINST 2
FTAI Aviation Ltd. May 28, 2026 Election of Class I Directors: Judith A. Hannaway Director Elections Board WITHHOLD 2
Fifth Third Bancorp April 21, 2026 Election of 16 members of the Board of Directors to serve until the Annual Meeting of Shareholders in 2027: Nicholas K. Akins Director Elections Board AGAINST 2
Flagstar Bank, N.A. June 9, 2026 Approval of an Amendment to the Flagstar Bank, N.A. 2020 Omnibus Incentive Plan. Compensation Board AGAINST 2
Flagstar Bank, N.A. June 9, 2026 Election of Directors: Steven T. Mnuchin Director Elections Board AGAINST 2
Floor & Decor Holdings, Inc. May 6, 2026 Election of Directors: George Vincent West Director Elections Board AGAINST 2
Graham Holdings Company May 5, 2026 Election of Directors: Christopher C. Davis Director Elections Board AGAINST 2
Graham Holdings Company May 5, 2026 Election of Directors: Danielle Conley Director Elections Board AGAINST 2
Graham Holdings Company May 5, 2026 Election of Directors: Tony Allen Director Elections Board AGAINST 2
Guardian Pharmacy Services, Inc. May 5, 2026 To elect Class II directors, to hold office until the annual meeting of stockholders to be held in 2029 and until their successors are duly elected and qualified: John Ackerman Director Elections Board WITHHOLD 2
Healthcare Realty Trust Incorporated May 19, 2026 Election of Directors: Constance B. Moore Director Elections Board AGAINST 2
Holley Inc. May 1, 2026 Approval of the 2021 Omnibus Incentive Plan, as amended by the First Amendment (as amended, the "Amended Plan") to increase the number of authorized shares of common stock reserved for delivery under the Amended Plan as described in the accompanying proxy statement. Compensation Board AGAINST 2
Hut 8 Corp. June 11, 2026 To approve an amendment to the Amended and Restated Hut 8 Corp. 2023 Omnibus Incentive Plan. Compensation Board AGAINST 2
Hut 8 Corp. June 11, 2026 To elect eight directors to serve until our 2027 Annual Meeting of Stockholders: Amy Wilkinson Director Elections Board AGAINST 2
Indra Sistemas SA June 29, 2026 Elect Magdalena Jacoba Bertram Lopez as Director Director Elections Board AGAINST 2
Indra Sistemas SA June 29, 2026 Ratify Appointment of and Elect Angel Simon Grimaldos as Director Director Elections Board AGAINST 2
Indra Sistemas SA June 29, 2026 Ratify Appointment of and Elect Josep Maria Recasens Laguarda as Director Director Elections Board AGAINST 2
Intel Corporation May 13, 2026 Approval of amendment and restatement of the 2006 Equity Incentive Plan. Compensation Board AGAINST 2
JD Sports Fashion Plc July 2, 2025 Approve Remuneration Policy Compensation Board AGAINST 2
Jefferson Capital, Inc. June 5, 2026 The election of David Burton, Thomas Harding and Thomas Lydon, Jr. as Class I Directors: David Burton Director Elections Board WITHHOLD 2
Kinsale Capital Group, Inc. May 21, 2026 Election of nine directors: Brian D. Haney Director Elections Board AGAINST 2
LANXESS AG May 21, 2026 Elect Rainier van Roessel to the Supervisory Board Director Elections Board AGAINST 2
Lear Corporation May 14, 2026 Approve the amendment and restatement of Lear Corporation's 2019 Long-Term Stock Incentive Plan. Compensation Board AGAINST 2
LifeStance Health Group, Inc. June 2, 2026 Election of two director nominees named in the Proxy Statement to serve until the 2029 Annual Meeting of Stockholders: David Bourdon Director Elections Board WITHHOLD 2
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 2
MODERNA, INC. May 6, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
Madrigal Pharmaceuticals, Inc. June 17, 2026 Approval of Madrigal Pharmaceuticals, Inc. 2026 Stock Plan Compensation Board AGAINST 2
Medline Inc. June 11, 2026 Elect Directors: Robert R. Schmidt Director Elections Board WITHHOLD 2
Mohawk Industries, Inc. May 21, 2026 Election of Directors: Bernard P. Thiers Director Elections Board AGAINST 2
Mohawk Industries, Inc. May 21, 2026 Election of Directors: Karen A. Smith Bogart Director Elections Board AGAINST 2
Molson Coors Beverage Company May 6, 2026 Election of Directors: Charles M. Herington Director Elections Board WITHHOLD 2
Molson Coors Beverage Company May 6, 2026 Election of Directors: Christian P. Cocks Director Elections Board WITHHOLD 2
Molson Coors Beverage Company May 6, 2026 Election of Directors: Roger G. Eaton Director Elections Board WITHHOLD 2
Newmark Group, Inc. December 30, 2025 Election of Directors: Jay Itzkowitz Director Elections Board WITHHOLD 2
Newmark Group, Inc. December 30, 2025 Election of Directors: Kenneth A. McIntyre Director Elections Board WITHHOLD 2
Newmark Group, Inc. December 30, 2025 Election of Directors: Kyle S. Lutnick Director Elections Board WITHHOLD 2
Newmark Group, Inc. December 30, 2025 Election of Directors: Stephen M. Merkel Director Elections Board WITHHOLD 2
Newmark Group, Inc. December 30, 2025 Election of Directors: Virginia S. Bauer Director Elections Board WITHHOLD 2
NewtekOne, Inc. June 12, 2026 Election of Directors: Richard Salute Director Elections Board WITHHOLD 2
Nicolet Bankshares, Inc. May 18, 2026 NOMINEES: Donald J. Long, Jr. Director Elections Board WITHHOLD 2
Nicolet Bankshares, Inc. May 18, 2026 NOMINEES: Robert B. Atwell Director Elections Board WITHHOLD 2
OMNICOM GROUP INC. May 5, 2026 Advisory resolution to approve executive compensation. Say-on-Pay Board AGAINST 2
Perella Weinberg Partners May 27, 2026 To elect three Class directors to our Board of Directors: Houda Dabboussi Director Elections Board WITHHOLD 2
Perella Weinberg Partners May 27, 2026 To elect three Class directors to our Board of Directors: R. Edwin Bennett Director Elections Board WITHHOLD 2
Perella Weinberg Partners May 27, 2026 To elect three Class directors to our Board of Directors: Robert K. Steel Director Elections Board WITHHOLD 2
Proficient Auto Logistics, Inc. May 6, 2026 Election of Directors: Charles A. Alutto Director Elections Board WITHHOLD 2
Proficient Auto Logistics, Inc. May 6, 2026 Election of Directors: Richard O'Dell Director Elections Board WITHHOLD 2
Proficient Auto Logistics, Inc. May 6, 2026 Election of Directors: Rohit Lal Director Elections Board WITHHOLD 2
RadNet, Inc. June 2, 2026 The approval of an amendment and restatement to the Company's Equity Incentive Plan. Compensation Board AGAINST 2
Riot Platforms, Inc. June 9, 2026 Approve the Seventh Amendment to the 2019 Equity Incentive Plan to increase the number of shares reserved for issuance thereunder. Compensation Board AGAINST 2
StepStone Group Inc. September 9, 2025 To elect the nine director nominees named in the proxy statement, each to serve for a one-year term and until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, removal, retirement or disqualification: Monte M. Brem Director Elections Board WITHHOLD 2
Stride, Inc. December 4, 2025 Approval of the amendment and restatement of the Company's 2016 Equity Incentive Award Plan; Compensation Board AGAINST 2
THE TRADE DESK, INC. May 4, 2026 The approval, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
TPG RE Finance Trust, Inc. May 19, 2026 Election of Directors: Edward "Ted" Goldthorpe Director Elections Board WITHHOLD 2
Tronox Holdings Plc April 28, 2026 Election of Directors: Ilan Kaufthal Director Elections Board AGAINST 2
UNITEDHEALTH GROUP INCORPORATED June 1, 2026 Advisory approval of the Company's executive compensation. Say-on-Pay Board AGAINST 2
Unifi, Inc. October 28, 2025 Approval of the Second Amendment to the Unifi, Inc. Second Amended and Restated 2013 Incentive Compensation Plan to increase the number of shares of UNIFI's common stock reserved for issuance by 1,240,000 shares. Compensation Board AGAINST 2
United Therapeutics Corporation June 26, 2026 Approval of the United Therapeutics Corporation 2026 Stock Incentive Plan. Compensation Board AGAINST 2
Veracyte, Inc. June 10, 2026 The approval of an amendment to our Veracyte, Inc. 2023 Equity Incentive Plan. Compensation Board AGAINST 2
WARNER BROS. DISCOVERY, INC. June 9, 2026 To vote on an advisory resolution to approve the 2025 compensation of Warner Bros. Discovery, Inc.'s named executive officers, commonly referred to as a "Say-on-Pay" vote. Say-on-Pay Board AGAINST 2
Yamazaki Baking Co., Ltd. March 27, 2026 Approve Director Retirement Bonus Compensation Board AGAINST 2
iRhythm Holdings, Inc. May 27, 2026 To approve the adoption of our 2026 Equity Incentive Plan. Compensation Board AGAINST 2
37 Interactive Entertainment Network Technology Group Co. Ltd. July 17, 2025 Elect Hu Yuhang as Director Director Elections Board AGAINST 1
37 Interactive Entertainment Network Technology Group Co. Ltd. July 17, 2025 Elect Zeng Kaitian as Director Director Elections Board AGAINST 1
37 Interactive Entertainment Network Technology Group Co. Ltd. May 13, 2026 Amend Dividends Management System Capital Structure Board AGAINST 1
ABIVAX May 11, 2026 Authority to Issue Restricted Shares Capital Structure Board ABSTAIN 1

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