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Vanguard 2025-2026: where it broke with the board

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

6,029 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

Vanguard, 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 recommendedVanguard votedFunds
WORKDAY, INC. June 16, 2026 To approve the amendment and restatement of our 2022 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance. Compensation Board AGAINST 12
AMERIPRISE FINANCIAL, INC. April 29, 2026 To approve the compensation of the named executive officers by a nonbinding advisory vote. Compensation Board AGAINST 11
Ardent Health, Inc. May 20, 2026 Election of Directors: Rahul Sen Director Elections Board WITHHOLD 11
Beyond Meat, Inc. May 20, 2026 To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers. Say-on-Pay Board (inferred) AGAINST 11
Bumble Inc. June 4, 2026 Approval, on a non-binding advisory basis, of the compensation of the named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board AGAINST 11
CARVANA CO. May 5, 2026 To approve the Carvana Co. 2026 Omnibus Incentive Plan. Compensation Board AGAINST 11
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Andrew H. Tisch Director Elections Board WITHHOLD 11
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Benjamin J. Tisch Director Elections Board WITHHOLD 11
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Douglas M. Worman Director Elections Board WITHHOLD 11
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: James S. Tisch Director Elections Board WITHHOLD 11
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Jane J. Wang Director Elections Board WITHHOLD 11
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Kenneth I. Siegel Director Elections Board WITHHOLD 11
COMCAST CORPORATION June 10, 2026 Elect Asuka Nakahara Director Elections Board WITHHOLD 11
Central Garden & Pet Company February 11, 2026 Election of Directors: Christopher T. Metz Director Elections Board WITHHOLD 11
City Office REIT, Inc. October 16, 2025 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to our named executive officers that is based on or otherwise relates to the merger (the "Advisory Compensation Proposal"); Say-on-Pay Board (inferred) AGAINST 11
FORTINET, INC. June 12, 2026 Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement. Compensation Board AGAINST 11
GENUINE PARTS COMPANY April 27, 2026 Ratification of the Selection of Ernst & Young LLP as the Company's Independent Auditor for the Fiscal Year Ending December 31, 2026 Audit-related Board AGAINST 11
Ginkgo Bioworks Holdings, Inc. June 11, 2026 Election of Directors: Christian Henry Director Elections Board AGAINST 11
Guaranty Bancshares, Inc. September 17, 2025 To vote on an advisory (non-binding) proposal to approve the compensation that may be paid or become payable to the named executive officers of Guaranty Bancshares, Inc. that is based on or otherwise relates to the merger. Say-on-Pay Board (inferred) AGAINST 11
Hologic, Inc. February 5, 2026 A proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the transactions contemplated by the merger agreement, including consummation of the merger. Say-on-Pay Board AGAINST 11
INTERNATIONAL BUSINESS MACHINES CORP. April 28, 2026 Ratification of Appointment of Independent Registered Public Accounting Firm Audit-related Board AGAINST 11
Investors Title Company May 20, 2026 Election of Directors: Richard M. Hutson II Director Elections Board WITHHOLD 11
Investors Title Company May 20, 2026 Election of Directors: Tammy F. Coley Director Elections Board WITHHOLD 11
Lakeland Financial Corporation April 14, 2026 APPROVAL, by non-binding vote, of the Company's compensation of certain executive officers. Say-on-Pay Board AGAINST 11
MORGAN STANLEY May 14, 2026 To ratify the appointment of Deloitte & Touche LLP as independent auditor Audit-related Board AGAINST 11
Olympic Steel, Inc. February 12, 2026 Advisory Compensation Proposal - To approve, on an advisory basis, certain compensation that may be paid or become payable to Olympic Steel Inc.'s named executive officers that is based on or otherwise relates to the merger Say-on-Pay Board (inferred) AGAINST 11
OptimizeRx Corporation June 9, 2026 Approval of an amendment to the 2021 Equity Plan to adopt an evergreen provision providing for an automatic annual increase in the shares of Common Stock available for issuance under the 2021 Equity Plan. Compensation Board AGAINST 11
Performant Healthcare, Inc. October 17, 2025 Non-Binding, Advisory Vote on Named Executive Officers Merger-Related Compensation Say-on-Pay Board (inferred) AGAINST 11
RCI Hospitality Holdings, Inc. August 18, 2025 ELECTION OF DIRECTORS OF THE COMPANY: Arthur Allan Priaulx Director Elections Board WITHHOLD 11
RCI Hospitality Holdings, Inc. August 18, 2025 ELECTION OF DIRECTORS OF THE COMPANY: Elaine J. Martin Director Elections Board WITHHOLD 11
RCI Hospitality Holdings, Inc. August 18, 2025 ELECTION OF DIRECTORS OF THE COMPANY: Yura Barabash Director Elections Board WITHHOLD 11
VERIZON COMMUNICATIONS INC. May 21, 2026 Election of Director: Roxanne Austin Director Elections Board AGAINST 11
VERIZON COMMUNICATIONS INC. May 21, 2026 Election of Director: Shellye Archambeau Director Elections Board AGAINST 11
VERIZON COMMUNICATIONS INC. May 21, 2026 Risks of non-fiduciary executive compensation metrics Compensation Board AGAINST 11
Venture Global, Inc. May 27, 2026 Election of the 7 director nominees named in this proxy statement: Michael Sabel Director Elections Board WITHHOLD 11
Venture Global, Inc. May 27, 2026 Election of the 7 director nominees named in this proxy statement: Robert Pender Director Elections Board WITHHOLD 11
Venture Global, Inc. May 27, 2026 Election of the 7 director nominees named in this proxy statement: Sari Granat Director Elections Board WITHHOLD 11
WEST PHARMACEUTICAL SERVICES, INC. May 4, 2026 Advisory vote to approve named executive officer compensation. Compensation Board AGAINST 11
WEST PHARMACEUTICAL SERVICES, INC. May 4, 2026 Election of Director: Stephen H. Lockhart Director Elections Board AGAINST 11
WORKDAY, INC. June 16, 2026 To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement. Compensation Board AGAINST 11
ZOETIS INC. May 20, 2026 Advisory vote to approve our executive compensation. Compensation Board AGAINST 11
ADOBE INC. April 15, 2026 Approve, on an advisory basis, the compensation of our named executive officers. Compensation Board AGAINST 10
AMERICAN WATER WORKS COMPANY, INC. May 13, 2026 Election of Director: Laurie P. Havanec Director Elections Board AGAINST 10
AMERICAN WATER WORKS COMPANY, INC. May 13, 2026 Election of Director: Michael L. Marberry Director Elections Board AGAINST 10
ARES MANAGEMENT CORPORATION June 8, 2026 The ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm for our 2026 fiscal year. Audit-related Board AGAINST 10
ASSURED GUARANTY LTD. May 1, 2026 Appointment of PricewaterhouseCoopers LLP as the Company's independent auditor for the fiscal year ending December 31, 2026 and authorization of the Board of Directors, acting through its Audit Committee, to set the fees for the independent auditor Audit-related Board AGAINST 10
ASSURED GUARANTY LTD. May 1, 2026 Election of Director of Assured Guaranty Ltd. for a term expiring at the 2027 AGM: Dominic J. Frederico Director Elections Board AGAINST 10
Ardagh Metal Packaging SA June 4, 2026 Elect Mark Porto as Class III Director Director Elections Board AGAINST 10
Ardagh Metal Packaging SA June 4, 2026 Elect Mark Porto as Class III Director to Fill Vacancy on the Board of Directors until the Annual General Meeting Director Elections Board AGAINST 10
AstraZeneca plc April 9, 2026 Elect Marcus Wallenberg Director Elections Board AGAINST 10
BANK OF AMERICA CORPORATION May 4, 2026 Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution) Compensation Board AGAINST 10
BANK OF AMERICA CORPORATION May 4, 2026 Election of Director: Arnold W. Donald Director Elections Board AGAINST 10
BANK OF AMERICA CORPORATION May 4, 2026 Election of Director: Lionel L. Nowell III Director Elections Board AGAINST 10
BLOCK, INC. June 16, 2026 Elect Shawn Carter Director Elections Board WITHHOLD 10
BellRing Brands, Inc. January 28, 2026 Election of Directors: Robert V. Vitale Director Elections Board WITHHOLD 10
Benitec Biopharma Inc. December 1, 2025 Approval of the non-binding advisory vote on the compensation of the Company's named executive officers as disclosed in the attached proxy statement. Say-on-Pay Board (inferred) AGAINST 10
CARVANA CO. May 5, 2026 To amend the Company's Amended and Restated Certificate of Incorporation to effect a five-for-one forward stock split of our Class A common stock and Class B common stock and to proportionately increase the number of authorized shares of Class A common stock and Class B common stock. Capital Structure Board AGAINST 10
CHURCH & DWIGHT CO., INC. May 1, 2026 An advisory vote to approve compensation of our named executive officers. Compensation Board AGAINST 10
CMS ENERGY CORPORATION May 8, 2026 Approve an Amendment to the Restated Articles of Incorporation Increasing the Number of Authorized Shares of Common Stock from 350 Million Shares to 700 Million Shares. Capital Structure Board AGAINST 10
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Andre Rice Director Elections Board WITHHOLD 10
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Don M. Randel Director Elections Board WITHHOLD 10
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Jose O. Montemayor Director Elections Board WITHHOLD 10
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Michael A. Bless Director Elections Board WITHHOLD 10
COLGATE-PALMOLIVE COMPANY May 8, 2026 Advisory vote on executive compensation. Compensation Board AGAINST 10
DEXCOM, INC. May 27, 2026 To provide a non-binding advisory vote on the compensation of our named executive officers for the fiscal year ended December 31, 2025. Compensation Board AGAINST 10
DICK'S SPORTING GOODS, INC. June 10, 2026 Non-binding advisory vote to approve compensation of named executive officers, as disclosed in the Company's 2026 proxy statement. Compensation Board AGAINST 10
DOMINION ENERGY, INC. May 5, 2026 Election of Director: Robert M. Blue Director Elections Board AGAINST 10
EVERCORE INC. June 10, 2026 Approval of the Fourth Amended and Restated 2016 Evercore Inc. Stock Incentive Plan. Compensation Board AGAINST 10
FISERV, INC. May 21, 2026 Elect Directors: Henrique de Castro Director Elections Board ABSTAIN 10
FISERV, INC. May 21, 2026 Elect Directors: Wafaa Mamilli Director Elections Board ABSTAIN 10
First Savings Financial Group, Inc. December 19, 2025 The approval, on an advisory (non-binding) basis, of the compensation to be paid to the named executive officers of First Savings Financial Group, Inc. that is based on or otherwise relates to the proposed merger. Say-on-Pay Board (inferred) AGAINST 10
Flushing Financial Corporation April 2, 2026 A proposal to approve, on a non-binding, advisory basis, the compensation that Flushing's named executive officers may receive in connection with the mergers pursuant to agreements or arrangements with Flushing (the "Flushing compensation proposal") Say-on-Pay Board (inferred) AGAINST 10
GCI Liberty, Inc. May 11, 2026 The say-on-pay proposal, to approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 10
HONEYWELL INTERNATIONAL INC. May 22, 2026 Advisory Vote to Approve Executive Compensation. Compensation Board AGAINST 10
HP INC. April 16, 2026 To approve, on an advisory basis, HP Inc.'s named executive officer compensation. Compensation Board AGAINST 10
HP INC. April 16, 2026 To ratify the appointment of Ernst & Young LLP as HP Inc.'s independent registered public accounting firm for the fiscal year ending October 31, 2026. Audit-related Board AGAINST 10
INTERNATIONAL FLAVORS & FRAGRANCES INC. April 29, 2026 Approve, on an advisory basis, the compensation of our named executive officers in 2025. Compensation Board AGAINST 10
INTERNATIONAL FLAVORS & FRAGRANCES INC. April 29, 2026 Ratify the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the 2026 fiscal year. Audit-related Board AGAINST 10
IPG Photonics Corporation May 12, 2026 Advisory Approval of our Executive Compensation Say-on-Pay Board (inferred) AGAINST 10
Inhibikase Therapeutics, Inc. June 26, 2026 to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board (inferred) AGAINST 10
KINDER MORGAN, INC. May 13, 2026 Election of Director for a one-year term expiring in 2027: Anthony W. Hall, Jr. Director Elections Board AGAINST 10
KINDER MORGAN, INC. May 13, 2026 Election of Director for a one-year term expiring in 2027: C. Park Shaper Director Elections Board AGAINST 10
KINDER MORGAN, INC. May 13, 2026 Election of Director for a one-year term expiring in 2027: Michael C. Morgan Director Elections Board AGAINST 10
KINDER MORGAN, INC. May 13, 2026 Election of Director for a one-year term expiring in 2027: Richard D. Kinder Director Elections Board AGAINST 10
KINDER MORGAN, INC. May 13, 2026 Election of Director for a one-year term expiring in 2027: Robert F. Vagt Director Elections Board AGAINST 10
KINDER MORGAN, INC. May 13, 2026 Election of Director for a one-year term expiring in 2027: Steven J. Kean Director Elections Board AGAINST 10
LAS VEGAS SANDS CORP. May 14, 2026 Elect Directors: Micheline Chau Director Elections Board ABSTAIN 10
LENNAR CORPORATION April 8, 2026 Approve, on an advisory basis, the compensation of our named executive officers. Compensation Board AGAINST 10
LULULEMON ATHLETICA INC. June 25, 2026 Advisory vote to approve the compensation of our named executive officers. Audit-related Board AGAINST 10
LULULEMON ATHLETICA INC. June 25, 2026 Dennis J. "Chip" Wilson Nominee OPPOSED by the Board of Directors: Eric Hirshberg Director Elections Board WITHHOLD 10
LULULEMON ATHLETICA INC. June 25, 2026 Dennis J. "Chip" Wilson Nominee OPPOSED by the Board of Directors: Laura Gentile Director Elections Board WITHHOLD 10
LULULEMON ATHLETICA INC. June 25, 2026 Dennis J. "Chip" Wilson Nominee OPPOSED by the Board of Directors: Marc Maurer Director Elections Board WITHHOLD 10
META PLATFORMS, INC. May 27, 2026 Elect Directors: Dana White Director Elections Board ABSTAIN 10
META PLATFORMS, INC. May 27, 2026 Elect Directors: John Elkann Director Elections Board ABSTAIN 10
METLIFE, INC. June 16, 2026 Ratification of appointment of Deloitte & Touche LLP as MetLife, Inc.'s Independent Auditor for 2026 Audit-related Board AGAINST 10
MONDELEZ INTERNATIONAL, INC. May 20, 2026 To approve, on an advisory basis, the Company's executive compensation Compensation Board AGAINST 10
MOTOROLA SOLUTIONS, INC. May 18, 2026 Advisory Approval of the Company's Executive Compensation. Compensation Board AGAINST 10
Natural Grocers by Vitamin Cottage, Inc. March 4, 2026 Election of Directors: David Rooney Director Elections Board WITHHOLD 10
Natural Grocers by Vitamin Cottage, Inc. March 4, 2026 Election of Directors: Sandra Buffa Director Elections Board WITHHOLD 10
Natural Grocers by Vitamin Cottage, Inc. March 4, 2026 Election of Directors: Zephyr Isely Director Elections Board WITHHOLD 10

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