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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
WYNDHAM HOTELS & RESORTS, INC. May 14, 2026 To vote on an advisory resolution to approve our executive compensation program. Compensation Board AGAINST 8
Wihlborgs Fastigheter AB April 22, 2026 Reelect Jan Litborn as Director Director Elections Board AGAINST 8
Wihlborgs Fastigheter AB April 22, 2026 Reelect Lennart Mauritzson as Director Director Elections Board AGAINST 8
Wilmar International Limited April 23, 2026 Approve Grant of Options and Issuance of Shares Under the Wilmar Executives Share Option Scheme 2019 Compensation Board AGAINST 8
Yamada Holdings Co., Ltd. June 26, 2026 Elect Director and Audit Committee Member Igarashi, Makoto Director Elections Board AGAINST 8
Yamada Holdings Co., Ltd. June 26, 2026 Elect Director and Audit Committee Member Ishii, Hirohisa Director Elections Board AGAINST 8
Yamada Holdings Co., Ltd. June 26, 2026 Elect Director and Audit Committee Member Yamazaki, Kenji Director Elections Board AGAINST 8
Yara International ASA May 12, 2026 Approve Remuneration Statement Compensation Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Approve, on a non-binding advisory basis, named executive officer compensation ("Say on Pay"). Compensation Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Arthur J. Higgins Director Elections Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Betsy J. Bernard Director Elections Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Maria Teresa Hilado Director Elections Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Michael J. Farrell Director Elections Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Robert A. Hagemann Director Elections Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Sreelakshmi Kolli Director Elections Board AGAINST 8
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Election of Director: Syed Jafry Director Elections Board AGAINST 8
adidas AG May 7, 2026 Approve Management Board Remuneration Policy Compensation Board AGAINST 8
AAK AB May 8, 2026 Reelect Marta Schorling Andreen as Director Director Elections Board AGAINST 7
AAK AB May 8, 2026 Reelect Nils-Johan Andersson as Director Director Elections Board AGAINST 7
ACCENTURE PLC January 28, 2026 Election of Director: Venkata (Murthy) Renduchintala Director Elections Board AGAINST 7
AEON Financial Service Co., Ltd. May 22, 2026 Elect Director Shirakawa, Shunsuke Director Elections Board AGAINST 7
AFFILIATED MANAGERS GROUP, INC. May 27, 2026 To ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the current fiscal year. Audit-related Board AGAINST 7
ALASKA AIR GROUP, INC. May 12, 2026 Approval (on an advisory basis) of the compensation of the Company's Named Executive Officers. Compensation Board AGAINST 7
ALASKA AIR GROUP, INC. May 12, 2026 Election of Director for One-Year Term: Ben Minicucci Director Elections Board AGAINST 7
ALASKA AIR GROUP, INC. May 12, 2026 Election of Director for One-Year Term: James A. Beer Director Elections Board AGAINST 7
ALASKA AIR GROUP, INC. May 12, 2026 Election of Director for One-Year Term: Kathleen T. Hogan Director Elections Board AGAINST 7
ALASKA AIR GROUP, INC. May 12, 2026 Election of Director for One-Year Term: Raymond L. Conner Director Elections Board AGAINST 7
ALIGN TECHNOLOGY, INC. May 20, 2026 Advisory Vote to Approve the Compensation of our Named Executive Officers Compensation Board AGAINST 7
ALIGN TECHNOLOGY, INC. May 20, 2026 Election of Director: Anne M. Myong Director Elections Board AGAINST 7
ALIGN TECHNOLOGY, INC. May 20, 2026 Election of Director: Kevin J. Dallas Director Elections Board AGAINST 7
ALSO Holding AG March 18, 2026 Approve Fixed Remuneration of Executive Committee in the Amount of EUR 3.5 Million Compensation Board AGAINST 7
ALSO Holding AG March 18, 2026 Approve Remuneration Report (Non-Binding) Compensation Board AGAINST 7
ALSO Holding AG March 18, 2026 Approve Remuneration of Directors in the Amount of CHF 5 Million Compensation Board AGAINST 7
ALSO Holding AG March 18, 2026 Approve Variable Remuneration of Executive Committee in the Amount of EUR 3.5 Million Compensation Board AGAINST 7
ALSO Holding AG March 18, 2026 Reappoint Frank Tanski as Member of the Compensation Committee Director Elections Board AGAINST 7
ALSO Holding AG March 18, 2026 Reappoint Peter Athanas as Member of the Compensation Committee Director Elections Board AGAINST 7
ALSO Holding AG March 18, 2026 Reappoint Walter Droege as Member of the Compensation Committee Director Elections Board AGAINST 7
ALSO Holding AG March 18, 2026 Reelect Frank Tanski as Director Director Elections Board AGAINST 7
ALSO Holding AG March 18, 2026 Reelect Peter Athanas as Director Director Elections Board AGAINST 7
ALSO Holding AG March 18, 2026 Reelect Walter Droege as Director Director Elections Board AGAINST 7
AMERICAN TOWER CORPORATION May 20, 2026 Election of Director: Kelly C. Chambliss Director Elections Board AGAINST 7
ANZ Group Holdings Limited December 18, 2025 Approve the Spill Resolution Compensation Board AGAINST 7
APA CORPORATION May 21, 2026 Election of Director: Annell R. Bay Director Elections Board AGAINST 7
APA CORPORATION May 21, 2026 Election of Director: Chansoo Joung Director Elections Board AGAINST 7
APA CORPORATION May 21, 2026 Election of Director: John J. Christmann IV Director Elections Board AGAINST 7
APA CORPORATION May 21, 2026 Election of Director: Peter A. Ragauss Director Elections Board AGAINST 7
ARROW ELECTRONICS, INC. May 12, 2026 To ratify the appointment of Ernst & Young LLP as Arrow's independent registered public accounting firm for the fiscal year ending December 31, 2026. Audit-related Board AGAINST 7
ASMedia Technology Inc. June 17, 2026 Elect Sheu Jin Chuan, with Shareholder No. T101898XXX, as Non-Independent Director Director Elections Board AGAINST 7
ASX Limited October 23, 2025 Approve the Spill Resolution Compensation Board AGAINST 7
ATOSS Software SE April 30, 2026 Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 450 Million; Approve Creation of EUR 3.2 Million Pool of Capital to Guarantee Conversion Rights Capital Structure Board AGAINST 7
ATOSS Software SE April 30, 2026 Approve Remuneration Report Compensation Board AGAINST 7
AVALONBAY COMMUNITIES, INC. May 20, 2026 To adopt a resolution approving, on a non-binding advisory basis, the compensation paid to the Company's Named Executive Officers, as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and any related material disclosed in the proxy statement. Compensation Board AGAINST 7
AVIENT CORPORATION May 14, 2026 Elect Directors: Kerry J. Preete Director Elections Board ABSTAIN 7
AVIS BUDGET GROUP, INC. May 20, 2026 To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2026. Audit-related Board AGAINST 7
AZ-COM Maruwa Holdings, Inc. June 25, 2026 Elect Director Wasami, Masaru Director Elections Board AGAINST 7
Abacus Global Management, Inc. June 3, 2026 To approve the Abacus Global Management, Inc. 2026 Long-Term Equity Incentive Plan. Compensation Board AGAINST 7
Absa Group Ltd. June 2, 2026 Approve Remuneration Implementation Report Compensation Board AGAINST 7
Acciona SA June 24, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 7
Advantech Co., Ltd. May 29, 2026 Elect a Representative of ASUSTeK Computer Inc. with SHAREHOLDER NO.00033509 as Non-independent Director Director Elections Board AGAINST 7
Aegean Airlines SA April 22, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 7
Agility Global Plc April 22, 2026 Approve Remuneration of Directors for the Fiscal Year Ended 31/12/2025 Compensation Board AGAINST 7
Air Arabia PJSC March 12, 2026 Elect Khan Akhlaque Mohammed as Director Director Elections Board ABSTAIN 7
Airport Facilities Co., Ltd. June 26, 2026 Appoint Statutory Auditor Tsuda, Masayuki Compensation Board AGAINST 7
Aisin Corp. June 19, 2026 Appoint Statutory Auditor Ito, Shintaro Compensation Board AGAINST 7
Akcansa Cimento Sanayi ve Ticaret AS May 20, 2026 Approve Director Remuneration Compensation Board AGAINST 7
Akcansa Cimento Sanayi ve Ticaret AS May 20, 2026 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 7
Aker ASA April 22, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 7
Aker ASA April 22, 2026 Approve Remuneration Statement (Advisory) Compensation Board AGAINST 7
Aldar Properties PJSC April 2, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 7
Allos SA April 28, 2026 Approve Stock Option and Share-Based Incentive Plan Compensation Board AGAINST 7
Altarea SCA June 4, 2026 Authorize up to 350,000 Shares for Use in Stock Option Plans Compensation Board AGAINST 7
Alteogen, Inc. December 8, 2025 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 7
Amplifon SpA April 23, 2026 Approve Remuneration Policy Compensation Board AGAINST 7
Amplifon SpA April 23, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 7
Amplifon SpA April 23, 2026 Approve Stock Grant Plan 2026-2031 Compensation Board AGAINST 7
Amplifon SpA April 23, 2026 Approve Sustainable Value Sharing Plan 2026-2028 Compensation Board AGAINST 7
Anadolu Anonim Turk Sigorta Sirketi AS March 30, 2026 Approve Director Remuneration Compensation Board AGAINST 7
Anadolu Anonim Turk Sigorta Sirketi AS March 30, 2026 Elect Directors Director Elections Board AGAINST 7
Anadolu Hayat Emeklilik AS March 24, 2026 Approve Director Remuneration Compensation Board AGAINST 7
Anadolu Hayat Emeklilik AS March 24, 2026 Approve Share Capital Increase with Preemptive Rights Capital Structure Board AGAINST 7
Anadolu Hayat Emeklilik AS March 24, 2026 Elect Directors Director Elections Board AGAINST 7
Arion Banki HF March 11, 2026 Elect Two Members of Nominating Committee Director Elections Board AGAINST 7
Arkema SA May 21, 2026 Elect Uwe Michael Jakobs as Representative of Employee Shareholders to the Board Director Elections Board AGAINST 7
Arrivent BioPharma, Inc. June 18, 2026 Election of Directors: James Healy, M.D., Ph.D. Director Elections Board WITHHOLD 7
Athens International Airport SA April 15, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 7
Athens International Airport SA April 15, 2026 Approve Distribution of Retained Earnings to Management and Executives Compensation Board AGAINST 7
Atlas Copco AB April 28, 2026 Reelect Hans Straberg as Board Chair Director Elections Board AGAINST 7
Atlas Copco AB April 28, 2026 Reelect Hans Straberg as Director Director Elections Board AGAINST 7
Atlas Copco AB April 28, 2026 Reelect Peter Wallenberg Jr as Director Director Elections Board AGAINST 7
AutoStore Holdings Ltd. May 19, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 7
AutoStore Holdings Ltd. May 19, 2026 Approve Remuneration Statement Compensation Board AGAINST 7
Autohellas SA April 22, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 7
Autohellas SA April 22, 2026 Approve Stock Award to Executives Compensation Board AGAINST 7
Axfood AB March 18, 2026 Approve Remuneration Report Compensation Board AGAINST 7
Axfood AB March 18, 2026 Elect Carolin Berg as Board Chair Director Elections Board AGAINST 7
Axfood AB March 18, 2026 Reelect Caroline Berg as Director Director Elections Board AGAINST 7
Axfood AB March 18, 2026 Reelect Mia Brunell Livfors as Director Director Elections Board AGAINST 7
Aygaz AS March 11, 2026 Approve Director Remuneration Compensation Board AGAINST 7
Ayvens SA May 13, 2026 Approve Compensation of Philippe de Rovira, CEO From Decembre 1, 2025 Compensation Board AGAINST 7
Ayvens SA May 13, 2026 Approve Remuneration Policy of Philippe de Rovira, CEO Compensation Board AGAINST 7

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Built November 1, 2026 from SEC Form N-PX filings.