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ANHEUSER-BUSCH INBEV SA/NV 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

39Reported items
325Asset managers
3,178Fund votes
2025-04-30Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore ANHEUSER-BUSCH INBEV SA/NV in the interactive database Compare manager voting policies

How asset managers voted at the ANHEUSER-BUSCH INBEV SA/NV 2024-2025 meeting

Each item below shows how the 325 asset managers that disclosed a ANHEUSER-BUSCH INBEV SA/NV vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of ANHEUSER-BUSCH INBEV SA/NV’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Remuneration report: Proposed resolution: approving the remuneration report for the financial year 2024. The 2024 annual report containing the remuneration report is available on the Company's website as indicated in this notice.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

16% fund support · no official result

FOR 16%AGAINST 84%

The 193 asset managers below cast 16% of the shares they voted on this item FOR (2,039,298 for, 11,003,871 against).

FOR: 2,039,298 (15.6%)AGAINST: 11,003,871 (84.4%)ABSTAIN: 111 (0.0%)NOT VOTED: 2,100 (0.0%)

Largest asset managers voting on “Remuneration report: Proposed resolution: approving the remuneration report for the financial year 2024. The 2” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
John Hancock	0	3,308,948	Against
CITY NATIONAL ROCHDALE FUNDS	0	2,178,833	Against
DAVENPORT & Co LLC	0	1,516,804	Against
Northern Trust	0	919,220	Against
ALPS Series Trust	780,000	0	For
RAYMOND JAMES & ASSOCIATES	0	665,179	Against
WILLIAMSBURG INVESTMENT TRUST	0	578,866	Against
BlackRock	12,230	533,052	Against
ENVESTNET ASSET MANAGEMENT INC	0	515,266	Against
FIRST MANHATTAN CO. LLC.	439,155	0	For
PENN DAVIS MCFARLAND INC	224,637	0	For
Natixis	0	143,372	Against
World Funds Trust	128,304	0	For
SCOTIA CAPITAL INC.	0	108,437	Against
TRUST FOR PROFESSIONAL MANAGERS	0	97,349	Against
ARMISTICE CAPITAL, LLC	74,378	0	For
Callan Family Office, LLC	68,008	0	For
Baird	0	59,313	Against
OPPENHEIMER ASSET MANAGEMENT INC.	0	56,081	Against
LPL Financial LLC	0	53,398	Against
Edward D. Jones & Co., L.P.	0	50,895	Against
SCHWERIN BOYLE CAPITAL MANAGEMENT INC	50,865	0	For
Douglas Lane & Associates, LLC	36,733	0	For
Beacon Pointe Advisors, LLC	0	36,344	Against
MERCER GLOBAL ADVISORS INC /ADV	34,514	0	For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

2. Approve Remuneration Report

COMPENSATION

Meeting held 2025-04-30; no official results are on file for this meeting.

0.8% fund support · no official result

AGAINST 99.1%

The 72 asset managers below cast 0.8% of the shares they voted on this item FOR (977,971 for, 132,256,853 against).

FOR: 977,971 (0.7%)AGAINST: 132,256,853 (99.1%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Approve Remuneration Report” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	0	50,920,685	Against
Vanguard	0	28,039,515	Against
Fidelity	0	10,394,861	Against
Capital Group	0	8,241,746	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	0	4,324,970	Against
EUPAC FUND	0	3,898,729	Against
Dimensional	0	3,668,053	Against
JPMorgan	0	2,674,086	Against
APG Asset Management US Inc.	0	2,482,287	Against
State Street	0	2,357,339	Against
Invesco	0	2,032,015	Against
TIAA	0	2,031,008	Against
Artisan	0	1,554,673	Against
Transamerica	0	1,156,445	Against
FINANCIAL INVESTORS TRUST	0	1,019,000	Against
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	0	For
INTERNATIONAL GROWTH & INCOME FUND	0	683,728	Against
Brighthouse	142,336	537,638	Against
Northwestern Mutual	0	570,150	Against
Columbia Threadneedle	0	556,506	Against
Equitable	20,000	514,464	Against
WisdomTree	0	520,102	Against
DWS	0	492,538	Against
Victory Capital	0	451,443	Against
Northern Trust	0	313,098	Against

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

3. Approve Discharge of Auditors

AUDIT-RELATED

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.8%

The 66 asset managers below cast 100% of the shares they voted on this item FOR (127,803,232 for, 0 against).

FOR: 127,803,232 (99.9%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Approve Discharge of Auditors” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Dodge & Cox	50,920,685	For
Vanguard	28,039,515	For
Fidelity	10,394,861	For
Capital Group	8,241,746	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,324,970	For
EUPAC FUND	3,898,729	For
Dimensional	3,668,053	For
State Street	2,357,339	For
Invesco	2,032,015	For
TIAA	2,031,008	For
Artisan	1,554,673	For
Transamerica	1,156,445	For
FINANCIAL INVESTORS TRUST	1,019,000	For
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	For
INTERNATIONAL GROWTH & INCOME FUND	683,728	For
Brighthouse	679,974	For
Northwestern Mutual	570,150	For
Columbia Threadneedle	556,506	For
Equitable	534,464	For
WisdomTree	520,102	For
DWS	492,538	For
Victory Capital	451,443	For
Northern Trust	313,098	For
Goldman Sachs	310,484	For
Thrivent	262,782	For

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

4. Approve Discharge of Directors

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.6%

The 66 asset managers below cast 99.7% of the shares they voted on this item FOR (127,457,497 for, 345,735 against).

FOR: 127,457,497 (99.6%)AGAINST: 345,735 (0.3%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Approve Discharge of Directors” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	50,920,685	0	For
Vanguard	28,039,515	0	For
Fidelity	10,394,861	0	For
Capital Group	8,241,746	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,324,970	0	For
EUPAC FUND	3,898,729	0	For
Dimensional	3,668,053	0	For
State Street	2,357,339	0	For
Invesco	2,032,015	0	For
TIAA	2,031,008	0	For
Artisan	1,554,673	0	For
Transamerica	1,156,445	0	For
FINANCIAL INVESTORS TRUST	1,019,000	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	0	For
INTERNATIONAL GROWTH & INCOME FUND	683,728	0	For
Brighthouse	679,974	0	For
Northwestern Mutual	570,150	0	For
Columbia Threadneedle	556,506	0	For
Equitable	294,716	239,748	For
WisdomTree	520,102	0	For
DWS	492,538	0	For
Victory Capital	451,443	0	For
Northern Trust	313,098	0	For
Goldman Sachs	310,484	0	For
Thrivent	262,782	0	For

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

5. Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.00 per Share

CAPITAL STRUCTURE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.8%

The 66 asset managers below cast 100% of the shares they voted on this item FOR (127,803,232 for, 0 against).

FOR: 127,803,232 (99.9%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.00 per Share” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Dodge & Cox	50,920,685	For
Vanguard	28,039,515	For
Fidelity	10,394,861	For
Capital Group	8,241,746	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,324,970	For
EUPAC FUND	3,898,729	For
Dimensional	3,668,053	For
State Street	2,357,339	For
Invesco	2,032,015	For
TIAA	2,031,008	For
Artisan	1,554,673	For
Transamerica	1,156,445	For
FINANCIAL INVESTORS TRUST	1,019,000	For
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	For
INTERNATIONAL GROWTH & INCOME FUND	683,728	For
Brighthouse	679,974	For
Northwestern Mutual	570,150	For
Columbia Threadneedle	556,506	For
Equitable	534,464	For
WisdomTree	520,102	For
DWS	492,538	For
Victory Capital	451,443	For
Northern Trust	313,098	For
Goldman Sachs	310,484	For
Thrivent	262,782	For

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

6. Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.8%

The 66 asset managers below cast 100% of the shares they voted on this item FOR (127,803,232 for, 0 against).

FOR: 127,803,232 (99.9%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registr” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Dodge & Cox	50,920,685	For
Vanguard	28,039,515	For
Fidelity	10,394,861	For
Capital Group	8,241,746	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,324,970	For
EUPAC FUND	3,898,729	For
Dimensional	3,668,053	For
State Street	2,357,339	For
Invesco	2,032,015	For
TIAA	2,031,008	For
Artisan	1,554,673	For
Transamerica	1,156,445	For
FINANCIAL INVESTORS TRUST	1,019,000	For
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	For
INTERNATIONAL GROWTH & INCOME FUND	683,728	For
Brighthouse	679,974	For
Northwestern Mutual	570,150	For
Columbia Threadneedle	556,506	For
Equitable	534,464	For
WisdomTree	520,102	For
DWS	492,538	For
Victory Capital	451,443	For
Northern Trust	313,098	For
Goldman Sachs	310,484	For
Thrivent	262,782	For

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

7. Ratify PwC BV, Permanently Represented by Peter D'hondt, as Auditors of the Company and for Sustainability Reporting and Approve Their Remuneration

AUDIT-RELATED

Meeting held 2025-04-30; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.6%

The 66 asset managers below cast 99.7% of the shares they voted on this item FOR (127,474,699 for, 328,533 against).

FOR: 127,474,699 (99.6%)AGAINST: 328,533 (0.3%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Ratify PwC BV, Permanently Represented by Peter D'hondt, as Auditors of the Company and for Sustainability Rep” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Dodge & Cox	50,920,685	For
Vanguard	28,039,515	For
Fidelity	10,394,861	For
Capital Group	8,241,746	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,324,970	For
EUPAC FUND	3,898,729	For
Dimensional	3,668,053	For
State Street	2,357,339	For
Invesco	2,032,015	For
TIAA	2,031,008	For
Artisan	1,554,673	For
Transamerica	1,156,445	For
FINANCIAL INVESTORS TRUST	1,019,000	For
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	For
INTERNATIONAL GROWTH & INCOME FUND	683,728	For
Brighthouse	679,974	For
Northwestern Mutual	570,150	For
Columbia Threadneedle	556,506	For
Equitable	534,464	For
WisdomTree	520,102	For
DWS	492,538	For
Victory Capital	451,443	For
Northern Trust	313,098	For
Goldman Sachs	310,484	For
Thrivent	262,782	For

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

8. Reelect Alejandro Santo Domingo as Restricted Share Director

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

5% fund support · no official result

AGAINST 95%

The 66 asset managers below cast 5% of the shares they voted on this item FOR (5,963,685 for, 121,839,547 against).

FOR: 5,963,685 (4.7%)AGAINST: 121,839,547 (95.2%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Reelect Alejandro Santo Domingo as Restricted Share Director” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	0	50,920,685	Against
Vanguard	0	28,039,515	Against
Fidelity	47,375	10,347,486	Against
Capital Group	0	8,241,746	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	0	4,324,970	Against
EUPAC FUND	0	3,898,729	Against
Dimensional	0	3,668,053	Against
State Street	0	2,357,339	Against
Invesco	2,032,015	0	For
TIAA	0	2,031,008	Against
Artisan	1,554,673	0	For
Transamerica	0	1,156,445	Against
FINANCIAL INVESTORS TRUST	0	1,019,000	Against
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	0	For
INTERNATIONAL GROWTH & INCOME FUND	0	683,728	Against
Brighthouse	590,533	89,441	For
Northwestern Mutual	0	570,150	Against
Columbia Threadneedle	0	556,506	Against
Equitable	304,766	229,698	For
WisdomTree	0	520,102	Against
DWS	0	492,538	Against
Victory Capital	0	451,443	Against
Northern Trust	311,825	1,273	For
Goldman Sachs	116,586	193,898	Against
Thrivent	0	262,782	Against

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

9. Reelect Martin J. Barrington as Restricted Share Director

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

2% fund support · no official result

AGAINST 97%

The 66 asset managers below cast 2% of the shares they voted on this item FOR (3,050,131 for, 124,753,101 against).

FOR: 3,050,131 (2.4%)AGAINST: 124,753,101 (97.5%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Reelect Martin J. Barrington as Restricted Share Director” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	0	50,920,685	Against
Vanguard	0	28,039,515	Against
Fidelity	47,375	10,347,486	Against
Capital Group	0	8,241,746	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	0	4,324,970	Against
EUPAC FUND	0	3,898,729	Against
Dimensional	0	3,668,053	Against
State Street	0	2,357,339	Against
Invesco	0	2,032,015	Against
TIAA	0	2,031,008	Against
Artisan	1,554,673	0	For
Transamerica	0	1,156,445	Against
FINANCIAL INVESTORS TRUST	0	1,019,000	Against
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	0	For
INTERNATIONAL GROWTH & INCOME FUND	0	683,728	Against
Brighthouse	331,877	348,097	Against
Northwestern Mutual	0	570,150	Against
Columbia Threadneedle	0	556,506	Against
Equitable	249,698	284,766	Against
WisdomTree	0	520,102	Against
DWS	0	492,538	Against
Victory Capital	0	451,443	Against
Northern Trust	0	313,098	Against
Goldman Sachs	0	310,484	Against
Thrivent	0	262,782	Against

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

10. Reelect Salvatore Mancuso as Restricted Share Director

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

3% fund support · no official result

AGAINST 97%

The 66 asset managers below cast 3% of the shares they voted on this item FOR (4,189,629 for, 123,613,603 against).

FOR: 4,189,629 (3.3%)AGAINST: 123,613,603 (96.6%)NOT VOTED: 160,458 (0.1%)

Largest asset managers voting on “Reelect Salvatore Mancuso as Restricted Share Director” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	0	50,920,685	Against
Vanguard	0	28,039,515	Against
Fidelity	47,375	10,347,486	Against
Capital Group	0	8,241,746	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	0	4,324,970	Against
EUPAC FUND	0	3,898,729	Against
Dimensional	0	3,668,053	Against
State Street	0	2,357,339	Against
Invesco	2,032,015	0	For
TIAA	0	2,031,008	Against
Artisan	0	1,554,673	Against
Transamerica	0	1,156,445	Against
FINANCIAL INVESTORS TRUST	0	1,019,000	Against
HARRIS ASSOCIATES INVESTMENT TRUST	786,600	0	For
INTERNATIONAL GROWTH & INCOME FUND	0	683,728	Against
Brighthouse	413,941	266,033	For
Northwestern Mutual	0	570,150	Against
Columbia Threadneedle	0	556,506	Against
Equitable	304,766	229,698	For
WisdomTree	0	520,102	Against
DWS	0	492,538	Against
Victory Capital	0	451,443	Against
Northern Trust	311,825	1,273	For
Goldman Sachs	116,586	193,898	Against
Thrivent	0	262,782	Against

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

11. REMUNERATION REPORT

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30; no official results are on file for this meeting.

15% fund support · no official result

13%AGAINST 72%ABSTAIN 15%

The 44 asset managers below cast 15% of the shares they voted on this item FOR (3,128,354 for, 17,408,083 against).

FOR: 3,128,354 (13.0%)AGAINST: 17,408,083 (72.2%)ABSTAIN: 3,562,213 (14.8%)NO VOTE: 7,745 (0.0%)NOT VOTED: 350 (0.0%)

Largest asset managers voting on “REMUNERATION REPORT” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	280,682	10,179,037	0	Against
Charles Schwab	0	3,351,175	0	Against
BAILLIE GIFFORD OVERSEAS LTD	0	0	2,229,481	Abstain
1832 Asset Management L.P.	1,828,652	54,545	0	For
Bridge Builder Trust	0	118,066	962,248	Abstain
Jackson National	0	740,139	0	Against
John Hancock	0	526,478	0	Against
Korea Investment CORP	0	508,225	0	Against
South Dakota Investment Council	481,440	0	0	For
SEI	0	453,671	0	Against
Siemens Fonds Invest GmbH	0	298,070	0	Against
GARDNER RUSSO & QUINN LLC	293,519	0	0	For
Six Circles Trust	0	238,437	0	Against
BAILLIE GIFFORD FUNDS	0	0	206,967	Abstain
Federated Hermes	0	161,308	0	Against
ALGERT GLOBAL LLC	0	140,421	0	Against
Hartford	0	133,591	0	Against
Rings Capital Management LLC	0	0	124,843	Abstain
Prudential/PGIM	117,263	0	0	For
Neuberger Berman	0	102,386	0	Against
BUFFALO FUNDS	101,463	0	0	For
Mercer Funds	0	79,214	0	Against
VanEck ETF Trust	0	75,467	0	Against
Russell Investments	0	74,559	0	Against
Foresight Global Investors, Inc.	3,277	65,944	0	Against

Showing the 25 largest of 44 asset managers. See all 44 in the interactive database.

12. Reappointment statutory auditor and remuneration: Proposed resolution: renewing, upon recommendation of the Audit Committee, for a period of three years ending after the shareholders' meeting which will be asked to approve the accounts for the year 2027, the mandate as statutory auditor and the mandate of providing the assurance of the sustainability reporting as set forth in article 3:58, Section

COMPENSATION

Meeting held 2025-04-30; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.3% fund support · no official result

FOR 99.2%

The 27 asset managers below cast 99.3% of the shares they voted on this item FOR (10,110,144 for, 67,672 against).

FOR: 10,110,144 (99.3%)AGAINST: 67,672 (0.7%)NO VOTE: 7,745 (0.1%)

Largest asset managers voting on “Reappointment statutory auditor and remuneration: Proposed resolution: renewing, upon recommendation of the Au” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
John Hancock	3,835,426	0	For
CITY NATIONAL ROCHDALE FUNDS	2,179,033	0	For
Bridge Builder Trust	1,012,642	67,672	For
ALPS Series Trust	780,000	0	For
Jackson National	740,139	0	For
WILLIAMSBURG INVESTMENT TRUST	578,866	0	For
Six Circles Trust	238,437	0	For
BAILLIE GIFFORD FUNDS	206,967	0	For
World Funds Trust	128,304	0	For
Rings Capital Management LLC	124,843	0	For
BUFFALO FUNDS	101,463	0	For
TRUST FOR PROFESSIONAL MANAGERS	97,349	0	For
BlackRock	25,904	0	For
Tidal Trust I	14,493	0	For
Natixis	10,600	0	For
Loomis Sayles	8,182	0	For
NORTHERN LIGHTS FUND TRUST III	0	0	No Vote
WILSHIRE MUTUAL FUNDS INC	7,710	0	For
FORUM FUNDS	5,660	0	For
RBB FUND, INC.	3,732	0	For
ADVISORS SERIES TRUST	3,047	0	For
GPS Funds I	3,040	0	For
Decatur Capital Management, Inc.	1,977	0	For
EA Series Trust	895	0	For
Pacer Funds Trust	735	0	For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

13. Approval of the statutory annual accounts

INVESTMENT COMPANY MATTERS

Meeting held 2025-04-30; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 25 asset managers below cast 100% of the shares they voted on this item FOR (10,177,116 for, 0 against).

FOR: 10,177,116 (99.9%)NO VOTE: 7,745 (0.1%)

Largest asset managers voting on “Approval of the statutory annual accounts” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
John Hancock	3,835,426	For
CITY NATIONAL ROCHDALE FUNDS	2,179,033	For
Bridge Builder Trust	1,080,314	For
ALPS Series Trust	780,000	For
Jackson National	740,139	For
WILLIAMSBURG INVESTMENT TRUST	578,866	For
Six Circles Trust	238,437	For
BAILLIE GIFFORD FUNDS	206,967	For
World Funds Trust	128,304	For
Rings Capital Management LLC	124,843	For
BUFFALO FUNDS	101,463	For
TRUST FOR PROFESSIONAL MANAGERS	97,349	For
BlackRock	25,904	For
Tidal Trust I	14,493	For
Natixis	10,600	For
Loomis Sayles	8,182	For
NORTHERN LIGHTS FUND TRUST III	0	No Vote
WILSHIRE MUTUAL FUNDS INC	7,710	For
FORUM FUNDS	5,660	For
RBB FUND, INC.	3,732	For
ADVISORS SERIES TRUST	3,047	For
GPS Funds I	3,040	For
Decatur Capital Management, Inc.	1,977	For
EA Series Trust	895	For
Pacer Funds Trust	735	For

14. Discharge to the statutory auditor

INVESTMENT COMPANY MATTERS

Meeting held 2025-04-30; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 25 asset managers below cast 100% of the shares they voted on this item FOR (10,177,116 for, 0 against).

FOR: 10,177,116 (99.9%)NO VOTE: 7,745 (0.1%)

Largest asset managers voting on “Discharge to the statutory auditor” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
John Hancock	3,835,426	For
CITY NATIONAL ROCHDALE FUNDS	2,179,033	For
Bridge Builder Trust	1,080,314	For
ALPS Series Trust	780,000	For
Jackson National	740,139	For
WILLIAMSBURG INVESTMENT TRUST	578,866	For
Six Circles Trust	238,437	For
BAILLIE GIFFORD FUNDS	206,967	For
World Funds Trust	128,304	For
Rings Capital Management LLC	124,843	For
BUFFALO FUNDS	101,463	For
TRUST FOR PROFESSIONAL MANAGERS	97,349	For
BlackRock	25,904	For
Tidal Trust I	14,493	For
Natixis	10,600	For
Loomis Sayles	8,182	For
NORTHERN LIGHTS FUND TRUST III	0	No Vote
WILSHIRE MUTUAL FUNDS INC	7,710	For
FORUM FUNDS	5,660	For
RBB FUND, INC.	3,732	For
ADVISORS SERIES TRUST	3,047	For
GPS Funds I	3,040	For
Decatur Capital Management, Inc.	1,977	For
EA Series Trust	895	For
Pacer Funds Trust	735	For

15. Proposed resolution: approving the remuneration report for the financial year 2024. The 2024 annual report containing the remuneration report is available on the Company's website as indicated in this notice.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30; no official results are on file for this meeting.

46.8% fund support · no official result

FOR 46.8%AGAINST 53.2%

The 15 asset managers below cast 46.8% of the shares they voted on this item FOR (8,892 for, 10,103 against).

FOR: 8,892 (46.8%)AGAINST: 10,103 (53.2%)

Largest asset managers voting on “Proposed resolution: approving the remuneration report for the financial year 2024. The 2024 annual report con” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Glenview Trust Co	6,641	0	For
FIRST MERCHANTS CORP	0	4,000	Against
FINANCIAL COUNSELORS INC	0	2,172	Against
STOCK YARDS BANK & TRUST CO	1,727	0	For
FIRST CITIZENS BANK & TRUST CO	0	1,419	Against
Trust Point Inc.	0	586	Against
First Nebraska Trust Co	524	0	For
Florida Trust Wealth Management Co	0	521	Against
First National Bank of Hutchinson	0	373	Against
Haverford Trust Co	0	344	Against
Trust Co of the South	0	294	Against
Community Bank & Trust, Waco, Texas	0	210	Against
AMERICAN NATIONAL BANK & TRUST	0	120	Against
HANCOCK WHITNEY CORP	0	42	Against
Somerset Trust Co	0	22	Against

16. Discharge to the directors: Proposed resolution: granting discharge to the directors for the performance of their duties during the accounting year ended on 31 December 2024.

OTHER

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (7,110,439 for, 0 against).

FOR: 7,110,439 (100.0%)

Largest asset managers voting on “Discharge to the directors: Proposed resolution: granting discharge to the directors for the performance of th” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
John Hancock	3,308,948	For
CITY NATIONAL ROCHDALE FUNDS	2,178,833	For
ALPS Series Trust	780,000	For
WILLIAMSBURG INVESTMENT TRUST	578,866	For
World Funds Trust	128,304	For
TRUST FOR PROFESSIONAL MANAGERS	97,349	For
Tidal Trust I	14,493	For
WILSHIRE MUTUAL FUNDS INC	7,710	For
FORUM FUNDS	5,660	For
RBB FUND, INC.	3,732	For
ADVISORS SERIES TRUST	3,047	For
Decatur Capital Management, Inc.	1,977	For
EA Series Trust	895	For
Pacer Funds Trust	625	For

17. Filings: Proposed resolution: without prejudice to other delegations of powers to the extent applicable, granting powers to Jan Vandermeersch, Global Legal Director Corporate, with power to substitute, to proceed to any filings and publication formalities in relation to the above resolutions.

OTHER

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (7,110,439 for, 0 against).

FOR: 7,110,439 (100.0%)

Largest asset managers voting on “Filings: Proposed resolution: without prejudice to other delegations of powers to the extent applicable, grant” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
John Hancock	3,308,948	For
CITY NATIONAL ROCHDALE FUNDS	2,178,833	For
ALPS Series Trust	780,000	For
WILLIAMSBURG INVESTMENT TRUST	578,866	For
World Funds Trust	128,304	For
TRUST FOR PROFESSIONAL MANAGERS	97,349	For
Tidal Trust I	14,493	For
WILSHIRE MUTUAL FUNDS INC	7,710	For
FORUM FUNDS	5,660	For
RBB FUND, INC.	3,732	For
ADVISORS SERIES TRUST	3,047	For
Decatur Capital Management, Inc.	1,977	For
EA Series Trust	895	For
Pacer Funds Trust	625	For

18. Reappointment of director: Proposed resolution: upon proposal by the Restricted Shareholders, renewing the appointment as Restricted Share Director of Mr. Alejandro Santo Domingo, for a period of one year ending at the end of the shareholders' meeting which will be asked to approve the accounts for the year 2025.

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

60% fund support · no official result

FOR 60%AGAINST 40%

The 14 asset managers below cast 60% of the shares they voted on this item FOR (4,246,056 for, 2,864,383 against).

FOR: 4,246,056 (59.7%)AGAINST: 2,864,383 (40.3%)

Largest asset managers voting on “Reappointment of director: Proposed resolution: upon proposal by the Restricted Shareholders, renewing the app” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
John Hancock	3,308,948	0	For
CITY NATIONAL ROCHDALE FUNDS	0	2,178,833	Against
ALPS Series Trust	780,000	0	For
WILLIAMSBURG INVESTMENT TRUST	0	578,866	Against
World Funds Trust	128,304	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	97,349	Against
Tidal Trust I	14,493	0	For
WILSHIRE MUTUAL FUNDS INC	0	7,710	Against
FORUM FUNDS	5,660	0	For
RBB FUND, INC.	3,732	0	For
ADVISORS SERIES TRUST	2,047	1,000	For
Decatur Capital Management, Inc.	1,977	0	For
EA Series Trust	895	0	For
Pacer Funds Trust	0	625	Against

19. Reappointment of director: Proposed resolution: upon proposal by the Restricted Shareholders, renewing the appointment as Restricted Share Director of Mr. Salvatore Mancuso for a period of one year ending at the end of the shareholders' meeting which will be asked to approve the accounts for the year 2025.

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

60% fund support · no official result

FOR 60%AGAINST 40%

The 14 asset managers below cast 60% of the shares they voted on this item FOR (4,246,056 for, 2,864,383 against).

FOR: 4,246,056 (59.7%)AGAINST: 2,864,383 (40.3%)

Largest asset managers voting on “Reappointment of director: Proposed resolution: upon proposal by the Restricted Shareholders, renewing the app” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
John Hancock	3,308,948	0	For
CITY NATIONAL ROCHDALE FUNDS	0	2,178,833	Against
ALPS Series Trust	780,000	0	For
WILLIAMSBURG INVESTMENT TRUST	0	578,866	Against
World Funds Trust	128,304	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	97,349	Against
Tidal Trust I	14,493	0	For
WILSHIRE MUTUAL FUNDS INC	0	7,710	Against
FORUM FUNDS	5,660	0	For
RBB FUND, INC.	3,732	0	For
ADVISORS SERIES TRUST	2,047	1,000	For
Decatur Capital Management, Inc.	1,977	0	For
EA Series Trust	895	0	For
Pacer Funds Trust	0	625	Against

20. UPON PROPOSAL BY THE RESTRICTED SHAREHOLDERS, RENEWING THE APPOINTMENT AS RESTRICTED SHARE DIRECTOR OF MR. MARTIN J. BARRINGTON, FOR A PERIOD OF ONE YEAR ENDING AT THE END OF THE SHAREHOLDERS MEETING WHICH WILL BE ASKED TO APPROVE THE ACCOUNTS FOR THE YEAR 2025. THE COMPANYS CORPORATE GOVERNANCE CHARTER PROVIDES THAT THE TERM OF OFFICE OF DIRECTORS ENDS AFTER THE ANNUAL SHAREHOLDERS MEETING FOLLOW

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

54.3% fund support · no official result

FOR 54.2%AGAINST 45.6%

The 14 asset managers below cast 54.3% of the shares they voted on this item FOR (1,666,097 for, 1,400,580 against).

FOR: 1,666,097 (54.2%)AGAINST: 1,400,580 (45.6%)NO VOTE: 7,745 (0.3%)

Largest asset managers voting on “UPON PROPOSAL BY THE RESTRICTED SHAREHOLDERS, RENEWING THE APPOINTMENT AS RESTRICTED SHARE DIRECTOR OF MR. MAR” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Bridge Builder Trust	962,248	118,066	For
Jackson National	2,850	737,289	Against
John Hancock	257,126	269,352	Against
Six Circles Trust	0	238,437	Against
BAILLIE GIFFORD FUNDS	206,967	0	For
Rings Capital Management LLC	124,843	0	For
BUFFALO FUNDS	101,463	0	For
BlackRock	0	25,904	Against
Natixis	10,600	0	For
Loomis Sayles	0	8,182	Against
NORTHERN LIGHTS FUND TRUST III	0	0	No Vote
GPS Funds I	0	3,040	Against
CITY NATIONAL ROCHDALE FUNDS	0	200	Against
Pacer Funds Trust	0	110	Against

21. UPON PROPOSAL BY THE RESTRICTED SHAREHOLDERS, RENEWING THE APPOINTMENT AS RESTRICTED SHARE DIRECTOR OF MR. SALVATORE MANCUSO FOR A PERIOD OF ONE YEAR ENDING AT THE END OF THE SHAREHOLDERS MEETING WHICH WILL BE ASKED TO APPROVE THE ACCOUNTS FOR THE YEAR 2025

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

65% fund support · no official result

FOR 65%AGAINST 35%

The 14 asset managers below cast 65% of the shares they voted on this item FOR (1,987,973 for, 1,078,704 against).

FOR: 1,987,973 (64.7%)AGAINST: 1,078,704 (35.1%)NO VOTE: 7,745 (0.3%)

Largest asset managers voting on “UPON PROPOSAL BY THE RESTRICTED SHAREHOLDERS, RENEWING THE APPOINTMENT AS RESTRICTED SHARE DIRECTOR OF MR. SAL” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Bridge Builder Trust	1,012,642	67,672	For
Jackson National	6,951	733,188	Against
John Hancock	257,126	269,352	Against
Six Circles Trust	238,437	0	For
BAILLIE GIFFORD FUNDS	206,967	0	For
Rings Capital Management LLC	124,843	0	For
BUFFALO FUNDS	101,463	0	For
BlackRock	25,904	0	For
Natixis	10,600	0	For
Loomis Sayles	0	8,182	Against
NORTHERN LIGHTS FUND TRUST III	0	0	No Vote
GPS Funds I	3,040	0	For
CITY NATIONAL ROCHDALE FUNDS	0	200	Against
Pacer Funds Trust	0	110	Against

22. Reappointment of director: Proposed resolution: upon proposal by the Restricted Shareholders, renewing the appointment as Restricted Share Director of Mr. Martin J. Barrington, for a period of one year ending at the end of the shareholders' meeting which will be asked to approve the accounts for the year 2025.The Company's Corporate Governance Charter provides that the term of office of directors

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

65% fund support · no official result

FOR 65%AGAINST 35%

The 13 asset managers below cast 65% of the shares they voted on this item FOR (4,240,347 for, 2,291,226 against).

FOR: 4,240,347 (64.9%)AGAINST: 2,291,226 (35.1%)

Largest asset managers voting on “Reappointment of director: Proposed resolution: upon proposal by the Restricted Shareholders, renewing the app” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
John Hancock	3,308,948	0	For
CITY NATIONAL ROCHDALE FUNDS	0	2,178,833	Against
ALPS Series Trust	780,000	0	For
World Funds Trust	128,304	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	97,349	Against
Tidal Trust I	14,493	0	For
WILSHIRE MUTUAL FUNDS INC	0	7,710	Against
FORUM FUNDS	5,660	0	For
RBB FUND, INC.	0	3,732	Against
ADVISORS SERIES TRUST	2,047	1,000	For
Decatur Capital Management, Inc.	0	1,977	Against
EA Series Trust	895	0	For
Pacer Funds Trust	0	625	Against

23. DISCHARGE TO THE DIRECTORS

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

90% fund support · no official result

FOR 90%10%

The 13 asset managers below cast 90% of the shares they voted on this item FOR (2,653,003 for, 288,831 against).

FOR: 2,653,003 (89.9%)AGAINST: 288,831 (9.8%)NO VOTE: 7,745 (0.3%)

Largest asset managers voting on “DISCHARGE TO THE DIRECTORS” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Bridge Builder Trust	1,029,920	50,394	For
Jackson National	740,139	0	For
John Hancock	526,478	0	For
Six Circles Trust	0	238,437	Against
BAILLIE GIFFORD FUNDS	206,967	0	For
BUFFALO FUNDS	101,463	0	For
BlackRock	25,904	0	For
Natixis	10,600	0	For
Loomis Sayles	8,182	0	For
NORTHERN LIGHTS FUND TRUST III	0	0	No Vote
GPS Funds I	3,040	0	For
CITY NATIONAL ROCHDALE FUNDS	200	0	For
Pacer Funds Trust	110	0	For

24. UPON PROPOSAL BY THE RESTRICTED SHAREHOLDERS, RENEWING THE APPOINTMENT AS RESTRICTED SHARE DIRECTOR OF MR. ALEJANDRO SANTO DOMINGO, FOR A PERIOD OF ONE YEAR ENDING AT THE END OF THE SHAREHOLDERS MEETING WHICH WILL BE ASKED TO APPROVE THE ACCOUNTS FOR THE YEAR 2025

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

63% fund support · no official result

FOR 63%AGAINST 37%

The 13 asset managers below cast 63% of the shares they voted on this item FOR (1,863,130 for, 1,078,704 against).

FOR: 1,863,130 (63.2%)AGAINST: 1,078,704 (36.6%)NO VOTE: 7,745 (0.3%)

Largest asset managers voting on “UPON PROPOSAL BY THE RESTRICTED SHAREHOLDERS, RENEWING THE APPOINTMENT AS RESTRICTED SHARE DIRECTOR OF MR. ALE” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Bridge Builder Trust	1,012,642	67,672	For
Jackson National	6,951	733,188	Against
John Hancock	257,126	269,352	Against
Six Circles Trust	238,437	0	For
BAILLIE GIFFORD FUNDS	206,967	0	For
BUFFALO FUNDS	101,463	0	For
BlackRock	25,904	0	For
Natixis	10,600	0	For
Loomis Sayles	0	8,182	Against
NORTHERN LIGHTS FUND TRUST III	0	0	No Vote
GPS Funds I	3,040	0	For
CITY NATIONAL ROCHDALE FUNDS	0	200	Against
Pacer Funds Trust	0	110	Against

25. WITHOUT PREJUDICE TO OTHER DELEGATIONS OF POWERS TO THE EXTENT APPLICABLE, GRANTING POWERS TO JAN VANDERMEERSCH, GLOBAL LEGAL DIRECTOR CORPORATE, WITH POWER TO SUBSTITUTE, TO PROCEED TO ANY FILINGS AND PUBLICATION FORMALITIES IN RELATION TO THE ABOVE RESOLUTIONS

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.7%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (2,941,834 for, 0 against).

FOR: 2,941,834 (99.7%)NO VOTE: 7,745 (0.3%)

Largest asset managers voting on “WITHOUT PREJUDICE TO OTHER DELEGATIONS OF POWERS TO THE EXTENT APPLICABLE, GRANTING POWERS TO JAN VANDERMEERSC” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Bridge Builder Trust	1,080,314	For
Jackson National	740,139	For
John Hancock	526,478	For
Six Circles Trust	238,437	For
BAILLIE GIFFORD FUNDS	206,967	For
BUFFALO FUNDS	101,463	For
BlackRock	25,904	For
Natixis	10,600	For
Loomis Sayles	8,182	For
NORTHERN LIGHTS FUND TRUST III	0	No Vote
GPS Funds I	3,040	For
CITY NATIONAL ROCHDALE FUNDS	200	For
Pacer Funds Trust	110	For

26. Accounts and Reports; Allocation of Dividends

CAPITAL STRUCTURE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (4,573,749 for, 0 against).

FOR: 4,573,749 (100.0%)

Largest asset managers voting on “Accounts and Reports; Allocation of Dividends” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Charles Schwab	3,351,175	For
SEI	453,671	For
Federated Hermes	161,308	For
Hartford	133,591	For
Prudential/PGIM	117,263	For
Neuberger Berman	102,386	For
Mercer Funds	79,214	For
VanEck ETF Trust	75,467	For
Russell Investments	74,559	For
Equitable	18,661	For
Brighthouse	4,215	For
Global X	2,239	For

27. Appointment of Auditor; Appointment of Auditor for Sustainability Reporting; and Authority to Set Fees

AUDIT-RELATED

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (4,573,749 for, 0 against).

FOR: 4,573,749 (100.0%)

Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting; and Authority to Set Fees” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Charles Schwab	3,351,175	For
SEI	453,671	For
Federated Hermes	161,308	For
Hartford	133,591	For
Prudential/PGIM	117,263	For
Neuberger Berman	102,386	For
Mercer Funds	79,214	For
VanEck ETF Trust	75,467	For
Russell Investments	74,559	For
Equitable	18,661	For
Brighthouse	4,215	For
Global X	2,239	For

28. Authorisation of Legal Formalities

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (4,573,749 for, 0 against).

FOR: 4,573,749 (100.0%)

Largest asset managers voting on “Authorisation of Legal Formalities” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Charles Schwab	3,351,175	For
SEI	453,671	For
Federated Hermes	161,308	For
Hartford	133,591	For
Prudential/PGIM	117,263	For
Neuberger Berman	102,386	For
Mercer Funds	79,214	For
VanEck ETF Trust	75,467	For
Russell Investments	74,559	For
Equitable	18,661	For
Brighthouse	4,215	For
Global X	2,239	For

29. Elect Alejandro Santo Domingo to the Board of Directors

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

89% fund support · no official result

FOR 89%11%

The 12 asset managers below cast 89% of the shares they voted on this item FOR (4,087,888 for, 485,861 against).

FOR: 4,087,888 (89.4%)AGAINST: 485,861 (10.6%)

Largest asset managers voting on “Elect Alejandro Santo Domingo to the Board of Directors” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	3,351,175	0	For
SEI	453,671	0	For
Federated Hermes	0	161,308	Against
Hartford	28,391	105,200	Against
Prudential/PGIM	0	117,263	Against
Neuberger Berman	102,386	0	For
Mercer Funds	0	79,214	Against
VanEck ETF Trust	75,467	0	For
Russell Investments	74,559	0	For
Equitable	0	18,661	Against
Brighthouse	0	4,215	Against
Global X	2,239	0	For

30. Elect Martin J. Barrington to the Board of Directors

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

0% fund support · no official result

AGAINST 100%

The 12 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 4,573,749 against).

AGAINST: 4,573,749 (100.0%)

Largest asset managers voting on “Elect Martin J. Barrington to the Board of Directors” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	Against	Vote
Charles Schwab	3,351,175	Against
SEI	453,671	Against
Federated Hermes	161,308	Against
Hartford	133,591	Against
Prudential/PGIM	117,263	Against
Neuberger Berman	102,386	Against
Mercer Funds	79,214	Against
VanEck ETF Trust	75,467	Against
Russell Investments	74,559	Against
Equitable	18,661	Against
Brighthouse	4,215	Against
Global X	2,239	Against

31. Elect Salvatore Mancuso to the Board of Directors

DIRECTOR ELECTIONS

Meeting held 2025-04-30; no official results are on file for this meeting.

89% fund support · no official result

FOR 89%11%

The 12 asset managers below cast 89% of the shares they voted on this item FOR (4,087,888 for, 485,861 against).

FOR: 4,087,888 (89.4%)AGAINST: 485,861 (10.6%)

Largest asset managers voting on “Elect Salvatore Mancuso to the Board of Directors” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	3,351,175	0	For
SEI	453,671	0	For
Federated Hermes	0	161,308	Against
Hartford	28,391	105,200	Against
Prudential/PGIM	0	117,263	Against
Neuberger Berman	102,386	0	For
Mercer Funds	0	79,214	Against
VanEck ETF Trust	75,467	0	For
Russell Investments	74,559	0	For
Equitable	0	18,661	Against
Brighthouse	0	4,215	Against
Global X	2,239	0	For

32. Ratification of Auditor's Acts

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (4,573,749 for, 0 against).

FOR: 4,573,749 (100.0%)

Largest asset managers voting on “Ratification of Auditor's Acts” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Charles Schwab	3,351,175	For
SEI	453,671	For
Federated Hermes	161,308	For
Hartford	133,591	For
Prudential/PGIM	117,263	For
Neuberger Berman	102,386	For
Mercer Funds	79,214	For
VanEck ETF Trust	75,467	For
Russell Investments	74,559	For
Equitable	18,661	For
Brighthouse	4,215	For
Global X	2,239	For

33. Ratification of Board Acts

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (4,573,749 for, 0 against).

FOR: 4,573,749 (100.0%)

Largest asset managers voting on “Ratification of Board Acts” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Vote
Charles Schwab	3,351,175	For
SEI	453,671	For
Federated Hermes	161,308	For
Hartford	133,591	For
Prudential/PGIM	117,263	For
Neuberger Berman	102,386	For
Mercer Funds	79,214	For
VanEck ETF Trust	75,467	For
Russell Investments	74,559	For
Equitable	18,661	For
Brighthouse	4,215	For
Global X	2,239	For

34. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESCOMPENSATION

Meeting held 2025-04-30; no official results are on file for this meeting.

1% fund support · no official result

AGAINST 99%

The 6 asset managers below cast 1% of the shares they voted on this item FOR (4,861 for, 472,212 against).

FOR: 4,861 (1.0%)AGAINST: 472,212 (99.0%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Vote
TD ASSET MANAGEMENT INC	0	349,345	Against
GROUPAMA ASSET MANAGMENT	0	83,293	Against
TD Waterhouse Canada Inc.	0	35,788	Against
Coyle Financial Counsel LLC	4,835	0	For
Regime de rentes du Mouvement Desjardins	0	3,786	Against
Edgemoor Investment Advisors, Inc.	26	0	For

35. Receive Auditors' Reports (Non-Voting)

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

— fund support · no official result

ABSTAIN 28%NO VOTE 47.9%N/A 22%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ABSTAIN: 210,825 (28.3%)NO VOTE: 357,076 (47.9%)N/A: 160,458 (21.5%)NOT VOTED: 16,389 (2.2%)

Largest asset managers voting on “Receive Auditors' Reports (Non-Voting)” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	Abstain	Vote
Brighthouse	0	No Vote
Catholic Responsible Investments Funds	210,460	Abstain
Empower	0	N/A
Lincoln Financial	0	Not Voted
Advisors' Inner Circle Fund III	365	Abstain

36. Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

— fund support · no official result

ABSTAIN 28%NO VOTE 47.9%N/A 22%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ABSTAIN: 210,825 (28.3%)NO VOTE: 357,076 (47.9%)N/A: 160,458 (21.5%)NOT VOTED: 16,389 (2.2%)

Largest asset managers voting on “Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	Abstain	Vote
Brighthouse	0	No Vote
Catholic Responsible Investments Funds	210,460	Abstain
Empower	0	N/A
Lincoln Financial	0	Not Voted
Advisors' Inner Circle Fund III	365	Abstain

37. Receive Directors' Reports (Non-Voting)

CORPORATE GOVERNANCE

Meeting held 2025-04-30; no official results are on file for this meeting.

— fund support · no official result

ABSTAIN 28%NO VOTE 47.9%N/A 22%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ABSTAIN: 210,825 (28.3%)NO VOTE: 357,076 (47.9%)N/A: 160,458 (21.5%)NOT VOTED: 16,389 (2.2%)

Largest asset managers voting on “Receive Directors' Reports (Non-Voting)” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	Abstain	Vote
Brighthouse	0	No Vote
Catholic Responsible Investments Funds	210,460	Abstain
Empower	0	N/A
Lincoln Financial	0	Not Voted
Advisors' Inner Circle Fund III	365	Abstain

38. Remuneration report: approving the remuneration report for the financial year 2023. The 2023 annual report containing the remuneration report is available on the Company's website.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2024-04-24; no official results on file for that date (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 6 against).

AGAINST: 6 (100.0%)

Largest asset managers voting on “Remuneration report: approving the remuneration report for the financial year 2023. The 2023 annual report con” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
VAUGHAN DAVID INVESTMENTS LLC/IL	0	6	0	0	Against
Echo45 Advisors LLC	0	0	0	0	--

39. Approve Remuneration of Directors and Auditors

COMPENSATION

Meeting held 2025-04-30; no official results are on file for this meeting.

100% fund support · no official result

FOR 74%NOT VOTED 26%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (49 for, 0 against).

FOR: 49 (74.2%)NOT VOTED: 17 (25.8%)

Largest asset managers voting on “Approve Remuneration of Directors and Auditors” at ANHEUSER-BUSCH INBEV SA/NV, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
ESL Trust Services, LLC	49	0	0	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	0	0	Not Voted

Largest ANHEUSER-BUSCH INBEV SA/NV shareholders voting in 2024-2025

Ranked by the number of ANHEUSER-BUSCH INBEV SA/NV shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 1,797,198,523 shares outstanding at the time of that meeting.

Top ANHEUSER-BUSCH INBEV SA/NV shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	John Hancock	0.18%
2	CITY NATIONAL ROCHDALE FUNDS	0.12%
3	DAVENPORT & Co LLC	0.08%
4	Northern Trust	0.05%
5	ALPS Series Trust	0.04%
6	RAYMOND JAMES & ASSOCIATES	0.04%
7	WILLIAMSBURG INVESTMENT TRUST	0.03%
8	BlackRock	0.03%
9	ENVESTNET ASSET MANAGEMENT INC	0.03%
10	FIRST MANHATTAN CO. LLC.	0.02%

Reported ANHEUSER-BUSCH INBEV SA/NV ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

ANHEUSER-BUSCH INBEV SA/NV beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Stichting Anheuser-Busch InBev	57.38%	13D
Altria Group, Inc.	56.79%	13D

Percentages above are of 1,797,198,523 shares outstanding, as reported by ANHEUSER-BUSCH INBEV SA/NV on its Form 20-F dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ANHEUSER-BUSCH INBEV SA/NV’s 20-F dated 2024-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At ANHEUSER-BUSCH INBEV SA/NV's shareholder meeting held 2025-04-30, in the 2024-2025 proxy season, 325 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,178 separate fund positions. Their filings are grouped here into 39 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Remuneration report: Proposed resolution: approving the remuneration report for the financial… — the reporting funds cast 16% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

ANHEUSER-BUSCH INBEV SA/NV proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.