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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
DOW INC. April 9, 2026 Election of Director: Debra L. Dial Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Gaurdie E. Banister Jr. Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Jacqueline C. Hinman Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Jeff M. Fettig Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Jerri DeVard Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Jill S. Wyant Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Jim Fitterling Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Luis Alberto Moreno Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Richard K. Davis Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Samuel R. Allen Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Election of Director: Wesley G. Bush Director Elections Board AGAINST 9
DOW INC. April 9, 2026 Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2026 Audit-related Board AGAINST 9
Dream Finders Homes, Inc. June 8, 2026 Approval of the reincorporation of the Company to the State of Texas by conversion. Extraordinary Transactions Board AGAINST 9
EDISON INTERNATIONAL April 23, 2026 Advisory Vote to Approve Executive Compensation Compensation Board AGAINST 9
EOG RESOURCES, INC. May 20, 2026 To approve, by non-binding vote, the compensation of the Company's named executive officers. Compensation Board AGAINST 9
EQUIFAX INC. May 7, 2026 Advisory vote to approve named executive officer compensation ("say-on-pay"). Compensation Board AGAINST 9
Elia Group SA/NV May 19, 2026 Acknowledge End of Mandate of Intercommunal Association Interfin, Permanently Represented by Thibaud Wyngaard, as Director and Elect Nadege Lacroix as Director Director Elections Board AGAINST 9
Elia Group SA/NV May 19, 2026 Acknowledge Passing of Geert Versnick as Chairman and Director and Approve Co-optation of Christophe Peeters as Director Director Elections Board AGAINST 9
Elia Group SA/NV May 19, 2026 Acknowledge Resignation of Pascale Van Damme as Independent Director and Approve Co-optation of Aurora Nova BV, Permanently Represented by Pascale Van Damme, as Independent Director Director Elections Board AGAINST 9
Elia Group SA/NV May 19, 2026 Acknowledge Resignation of Pieter De Crem as Director and Approve Co-optation of Joachim Coens as Director Director Elections Board AGAINST 9
Elia Group SA/NV May 19, 2026 Approve Amended Remuneration Policy Compensation Board AGAINST 9
Elia Group SA/NV May 19, 2026 Approve Remuneration Report Compensation Board AGAINST 9
Enanta Pharmaceuticals, Inc. March 11, 2026 To approve an amendment to our 2019 Equity Incentive Plan. Compensation Board AGAINST 9
FACTSET RESEARCH SYSTEMS INC. December 18, 2025 To approve the FactSet Research Systems Inc. 2025 Omnibus Incentive Plan. Compensation Board AGAINST 9
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 Election of Director: Gary L. Lauer Director Elections Board AGAINST 9
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 Election of Director: Jeffrey A. Goldstein Director Elections Board AGAINST 9
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 Election of Director: Kenneth T. Lamneck Director Elections Board AGAINST 9
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 Election of Director: Lisa A. Hook Director Elections Board AGAINST 9
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 Election of Director: Stephanie L. Ferris Director Elections Board AGAINST 9
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers. Compensation Board AGAINST 9
FISERV, INC. May 21, 2026 To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc. Compensation Board AGAINST 9
FORD MOTOR COMPANY May 14, 2026 Election of Director: John L. Thornton Director Elections Board AGAINST 9
FORD MOTOR COMPANY May 14, 2026 Election of Director: Kimberly A. Casiano Director Elections Board AGAINST 9
FORD MOTOR COMPANY May 14, 2026 Election of Director: William Clay Ford, Jr. Director Elections Board AGAINST 9
FORD MOTOR COMPANY May 14, 2026 Election of Director: William W. Helman IV Director Elections Board AGAINST 9
FORD MOTOR COMPANY May 14, 2026 Ratification of Independent Registered Public Accounting Firm. Audit-related Board AGAINST 9
GENTEX CORPORATION May 21, 2026 Elect Directors: Dr. Ling Zang Director Elections Board ABSTAIN 9
GENTEX CORPORATION May 21, 2026 Elect Directors: Mr. Steve Downing Director Elections Board ABSTAIN 9
GODADDY INC. June 3, 2026 Company Proposal - Advisory, non-binding vote to approve named executive officer compensation Compensation Board AGAINST 9
HALLIBURTON COMPANY May 20, 2026 Election of Director: Abdulaziz F. Al Khayyal Director Elections Board AGAINST 9
HALLIBURTON COMPANY May 20, 2026 Election of Director: Jeffrey A. Miller Director Elections Board AGAINST 9
HALLIBURTON COMPANY May 20, 2026 Election of Director: Murry S. Gerber Director Elections Board AGAINST 9
HALLIBURTON COMPANY May 20, 2026 Election of Director: Robert A. Malone Director Elections Board AGAINST 9
HALLIBURTON COMPANY May 20, 2026 Election of Director: William E. Albrecht Director Elections Board AGAINST 9
HUMANA INC. April 16, 2026 Election of Director: David T. Feinberg, M.D. Director Elections Board AGAINST 9
HUMANA INC. April 16, 2026 Election of Director: Jorge S. Mesquita Director Elections Board AGAINST 9
HUMANA INC. April 16, 2026 Election of Director: Karen W. Katz Director Elections Board AGAINST 9
HUMANA INC. April 16, 2026 Election of Director: Marcy S. Klevorn Director Elections Board AGAINST 9
HUMANA INC. April 16, 2026 Election of Director: Raquel C. Bono, M.D. Director Elections Board AGAINST 9
HUMANA INC. April 16, 2026 Election of Director: Wayne A. I. Frederick, M.D. Director Elections Board AGAINST 9
INGREDION INCORPORATED May 20, 2026 Election of Director to serve for a term of one year: James P. Zallie Director Elections Board AGAINST 9
INGREDION INCORPORATED May 20, 2026 To approve, by advisory vote, the compensation of the Company's named executive officers. Compensation Board AGAINST 9
INTERNATIONAL PAPER COMPANY May 11, 2026 A Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers Compensation Board AGAINST 9
INTERNATIONAL PAPER COMPANY May 11, 2026 Ratification of Deloitte & Touche LLP as the Company's Independent Auditor for 2026 Audit-related Board AGAINST 9
IRIDIUM COMMUNICATIONS INC. May 20, 2026 Elect Directors: Kay N. Sears Director Elections Board ABSTAIN 9
IRIDIUM COMMUNICATIONS INC. May 20, 2026 Elect Directors: L. Anthony Frazier Director Elections Board ABSTAIN 9
IRIDIUM COMMUNICATIONS INC. May 20, 2026 Elect Directors: Suzanne E. McBride Director Elections Board ABSTAIN 9
Ingram Micro Holding Corporation May 13, 2026 Election of Directors: Bryan Kelln Director Elections Board WITHHOLD 9
Ingram Micro Holding Corporation May 13, 2026 Election of Directors: Eric Worley Director Elections Board WITHHOLD 9
Ingram Micro Holding Corporation May 13, 2026 Election of Directors: Mary Ann Sigler Director Elections Board WITHHOLD 9
KENVUE INC. May 21, 2026 Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers. Compensation Board AGAINST 9
KIMBERLY-CLARK CORPORATION May 14, 2026 Advisory Vote to Approve Named Executive Officer Compensation Compensation Board AGAINST 9
KIMBERLY-CLARK CORPORATION May 14, 2026 Election of Director: Christa S. Quarles Director Elections Board AGAINST 9
KIMBERLY-CLARK CORPORATION May 14, 2026 Election of Director: John W. Culver Director Elections Board AGAINST 9
Kering SA May 28, 2026 Approve Compensation of Luca de Meo, CEO from September 15, 2025 to December 31, 2025 Compensation Board AGAINST 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Advisory Vote Approving Executive Compensation (Say-on-Pay) Compensation Board AGAINST 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Appointment of PricewaterhouseCoopers Accountants N.V. as the Auditor of our 2026 Dutch Statutory Annual Accounts Audit-related Board AGAINST 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Albert Manifold Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Anthony Chase Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Claire Farley Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Lincoln Benet Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Michael Hanley Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Peter Vanacker Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Robert Dudley Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Election of Director: Virginia Kamsky Director Elections Board WITHHOLD 9
LYONDELLBASELL INDUSTRIES N.V. May 22, 2026 Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm Audit-related Board AGAINST 9
MARSH & MCLENNAN COMPANIES, INC. May 21, 2026 Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation Compensation Board AGAINST 9
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Election of Director: Avedick B. Poladian Director Elections Board AGAINST 9
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Election of Director: Carlos M. Gutierrez Director Elections Board AGAINST 9
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Election of Director: Jack B. Moore Director Elections Board AGAINST 9
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Election of Director: Robert M. Shearer Director Elections Board AGAINST 9
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Election of Director: Vicki Hollub Director Elections Board AGAINST 9
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Election of Director: William R. Klesse Director Elections Board AGAINST 9
OLD DOMINION FREIGHT LINE, INC. May 20, 2026 Approval, on an advisory basis, of the compensation of the Company's named executive officers. Compensation Board AGAINST 9
ONEOK, INC. May 20, 2026 An advisory vote to approve ONEOK, Inc.'s executive compensation. Compensation Board AGAINST 9
ORIC Pharmaceuticals, Inc. June 18, 2026 To approve the ORIC Pharmaceuticals, Inc. 2020 Equity Incentive Plan, as amended and restated. Compensation Board AGAINST 9
OWENS CORNING April 14, 2026 To approve, on an advisory basis, our named executive officer compensation. Compensation Board AGAINST 9
Orange SA May 19, 2026 Dismiss Pierre Chaussoneaux as Representative of Employees to the Board to Comply with Legal Changes Re: Gender Parity on the Board of Directors Director Elections Board AGAINST 9
Orange SA May 19, 2026 Dismiss Vincent Gimeno as Representative of Employees to the Board to Comply with Legal Changes Re: Gender Parity on the Board of Directors Director Elections Board AGAINST 9
PACKAGING CORPORATION OF AMERICA May 12, 2026 Proposal to approve our executive compensation. Compensation Board AGAINST 9
PAYPAL HOLDINGS, INC. May 19, 2026 Advisory Vote to Approve Named Executive Officer Compensation. Compensation Board AGAINST 9
PAYPAL HOLDINGS, INC. May 19, 2026 Election of Director: Deborah M. Messemer Director Elections Board AGAINST 9
PAYPAL HOLDINGS, INC. May 19, 2026 Election of Director: Enrique Lores Director Elections Board AGAINST 9
PFIZER INC. April 23, 2026 Approval of the Pfizer Inc. 2019 Stock Plan, as amended April 2026 Compensation Board AGAINST 9
PFIZER INC. April 23, 2026 Election of Director: James Quincey Director Elections Board AGAINST 9
PFIZER INC. April 23, 2026 Election of Director: Scott Gottlieb Director Elections Board AGAINST 9
PFIZER INC. April 23, 2026 Election of Director: Shantanu Narayen Director Elections Board AGAINST 9
PFIZER INC. April 23, 2026 Election of Director: Susan Desmond-Hellmann Director Elections Board AGAINST 9
PPG INDUSTRIES, INC. April 16, 2026 Approve the compensation of the Company's named executive officers on an advisory basis Compensation Board AGAINST 9
PPG INDUSTRIES, INC. April 16, 2026 Election of Director: Guillermo Novo Director Elections Board AGAINST 9

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Built October 18, 2026 from SEC Form N-PX filings.