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Bayer AG 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 04 October 2026.

38Reported items
236Asset managers
3,539Fund votes
2026-04-24Meeting date

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

Explore Bayer AG in the interactive database Compare manager voting policies

How asset managers voted at the Bayer AG 2025-2026 meeting

Each item below shows how the 236 asset managers that disclosed a Bayer AG 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 Bayer AG’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. Approval of the Compensation Report

SECTION 14A SAY-ON-PAY VOTES

99.9% fund support · no official result

FOR 99.6%

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (58,370,768 for, 5,550 against).

FOR: 58,370,768 (99.7%)AGAINST: 5,550 (0.0%)NOT VOTED: 189,097 (0.3%)

Largest asset managers voting on “Approval of the Compensation Report” at Bayer AG, 2025-2026
Asset manager	For	Vote
EAGLE CAPITAL MANAGEMENT LLC	40,972,856	For
2023 ETF Series Trust	7,186,655	For
BlackRock	2,471,296	For
LOEWS CORP	2,000,000	For
Northern Trust	1,286,128	For
FOUNDATION RESOURCE MANAGEMENT INC	1,194,685	For
PNC BANK, NATIONAL ASSOCIATION	820,699	For
ENVESTNET ASSET MANAGEMENT INC	362,790	For
AMG National Trust Bank	234,246	For
RAYMOND JAMES & ASSOCIATES	220,847	For
KAHN BROTHERS GROUP INC	0	Not Voted
Pathstone Holdings, LLC	135,935	For
LPL Financial LLC	135,229	For
LEVIN CAPITAL STRATEGIES, L.P.	132,899	For
TRUST FOR PROFESSIONAL MANAGERS	115,631	For
Arlington Trust Co LLC	105,816	For
ASSETMARK, INC	102,421	For
PRIVATE MANAGEMENT GROUP INC	102,216	For
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	87,598	For
Callan Family Office, LLC	81,989	For
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	71,222	For
WELLS FARGO CLEARING SERVICES, LLC	68,778	For
WELLS FARGO BANK N A	64,834	For
Natixis	48,932	For
Edward D. Jones & Co., L.P.	35,261	For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

2. Appoint Deloitte GmbH as Auditor for Sustainability Reporting for Fiscal Year 2026

AUDIT-RELATED

100% fund support · no official result

FOR 85%ABSTAIN 15%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (120,332,918 for, 0 against).

FOR: 120,332,918 (84.7%)ABSTAIN: 21,673,375 (15.3%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Appoint Deloitte GmbH as Auditor for Sustainability Reporting for Fiscal Year 2026” at Bayer AG, 2025-2026
Asset manager	For	Abstain	Vote
Dodge & Cox	33,011,830	0	For
Vanguard	29,606,106	0	For
BlackRock	99,871	21,613,021	Abstain
Fidelity	14,888,913	0	For
Capital Group	8,870,607	0	For
Dimensional	6,887,986	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	0	For
State Street	2,726,725	0	For
TIAA	2,574,401	0	For
JPMorgan	2,435,818	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	0	For
Putnam	1,063,265	0	For
Brighthouse	899,202	0	For
Invesco	878,097	0	For
Northwestern Mutual	819,900	0	For
American Century	768,425	0	For
DWS	558,711	0	For
Equitable	555,503	0	For
AIG/SunAmerica	540,493	0	For
RWC Asset Management LLP	352,935	0	For
AQR	323,974	0	For
Goldman Sachs	304,978	0	For
Northern Trust	303,929	0	For
Columbia Threadneedle	299,817	0	For
Prudential/PGIM	261,045	0	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

3. Approve Discharge of Management Board for Fiscal Year 2025

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (142,006,293 for, 0 against).

FOR: 142,006,293 (99.9%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Approve Discharge of Management Board for Fiscal Year 2025” at Bayer AG, 2025-2026
Asset manager	For	Vote
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
BlackRock	21,712,892	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
State Street	2,726,725	For
TIAA	2,574,401	For
JPMorgan	2,435,818	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

4. Approve Discharge of Supervisory Board for Fiscal Year 2025

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (142,006,293 for, 0 against).

FOR: 142,006,293 (99.9%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Approve Discharge of Supervisory Board for Fiscal Year 2025” at Bayer AG, 2025-2026
Asset manager	For	Vote
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
BlackRock	21,712,892	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
State Street	2,726,725	For
TIAA	2,574,401	For
JPMorgan	2,435,818	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

5. Approve Remuneration Report

COMPENSATION

100% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (178,938,715 for, 0 against).

FOR: 178,938,715 (100.0%)NOT VOTED: 86,514 (0.0%)

Largest asset managers voting on “Approve Remuneration Report” at Bayer AG, 2025-2026
Asset manager	For	Vote
BlackRock	55,531,976	For
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
JPMorgan	5,549,156	For
State Street	2,726,725	For
TIAA	2,574,401	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

6. Elect Alfred Stern to the Supervisory Board

DIRECTOR ELECTIONS

99.5% fund support · no official result

FOR 99.5%

The 63 asset managers below cast 99.5% of the shares they voted on this item FOR (141,431,374 for, 574,919 against).

FOR: 141,431,374 (99.5%)AGAINST: 574,919 (0.4%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Elect Alfred Stern to the Supervisory Board” at Bayer AG, 2025-2026
Asset manager	For	Against	Vote
Dodge & Cox	33,011,830	0	For
Vanguard	29,606,106	0	For
BlackRock	21,712,892	0	For
Fidelity	14,888,913	0	For
Capital Group	8,870,607	0	For
Dimensional	6,887,986	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	0	For
State Street	2,726,725	0	For
TIAA	2,574,401	0	For
JPMorgan	2,435,818	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	0	For
Putnam	1,063,265	0	For
Brighthouse	884,623	14,579	For
Invesco	878,097	0	For
Northwestern Mutual	819,900	0	For
American Century	768,425	0	For
DWS	558,711	0	For
Equitable	337,178	218,325	For
AIG/SunAmerica	540,493	0	For
RWC Asset Management LLP	352,935	0	For
AQR	323,974	0	For
Goldman Sachs	304,978	0	For
Northern Trust	1,080	302,849	Against
Columbia Threadneedle	299,817	0	For
Prudential/PGIM	261,045	0	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

7. Elect Marcel Smits to the Supervisory Board

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 99.9% of the shares they voted on this item FOR (141,996,407 for, 9,886 against).

FOR: 141,996,407 (99.9%)AGAINST: 9,886 (0.0%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Elect Marcel Smits to the Supervisory Board” at Bayer AG, 2025-2026
Asset manager	For	Vote
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
BlackRock	21,712,892	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
State Street	2,726,725	For
TIAA	2,574,401	For
JPMorgan	2,435,818	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

8. Ratify Deloitte GmbH as Auditors for Fiscal Year 2026 and for the Review of Interim Financial Statements for Fiscal Year 2026

AUDIT-RELATED

100% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (142,006,293 for, 0 against).

FOR: 142,006,293 (99.9%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Ratify Deloitte GmbH as Auditors for Fiscal Year 2026 and for the Review of Interim Financial Statements for F” at Bayer AG, 2025-2026
Asset manager	For	Vote
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
BlackRock	21,712,892	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
State Street	2,726,725	For
TIAA	2,574,401	For
JPMorgan	2,435,818	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

9. Ratify PricewaterhouseCoopers GmbH as Auditors for the Review of Interim Financial Reports for the First Quarter of Fiscal Year 2027

AUDIT-RELATED

100% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (142,006,293 for, 0 against).

FOR: 142,006,293 (99.9%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Ratify PricewaterhouseCoopers GmbH as Auditors for the Review of Interim Financial Reports for the First Quart” at Bayer AG, 2025-2026
Asset manager	For	Vote
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
BlackRock	21,712,892	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
State Street	2,726,725	For
TIAA	2,574,401	For
JPMorgan	2,435,818	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

10. Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per Share for Fiscal Year 2025

CAPITAL STRUCTURECORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (142,006,293 for, 0 against).

FOR: 142,006,293 (99.9%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per” at Bayer AG, 2025-2026
Asset manager	For	Vote
Dodge & Cox	33,011,830	For
Vanguard	29,606,106	For
BlackRock	21,712,892	For
Fidelity	14,888,913	For
Capital Group	8,870,607	For
Dimensional	6,887,986	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,657,982	For
State Street	2,726,725	For
TIAA	2,574,401	For
JPMorgan	2,435,818	For
INTERNATIONAL GROWTH & INCOME FUND	1,897,137	For
Putnam	1,063,265	For
Brighthouse	899,202	For
Invesco	878,097	For
Northwestern Mutual	819,900	For
American Century	768,425	For
DWS	558,711	For
Equitable	555,503	For
AIG/SunAmerica	540,493	For
RWC Asset Management LLP	352,935	For
AQR	323,974	For
Goldman Sachs	304,978	For
Northern Trust	303,929	For
Columbia Threadneedle	299,817	For
Prudential/PGIM	261,045	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

11. Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM

CORPORATE GOVERNANCE

15% fund support · no official result

FOR 15%AGAINST 84%

The 63 asset managers below cast 15% of the shares they voted on this item FOR (21,673,375 for, 119,980,501 against).

FOR: 21,673,375 (15.3%)AGAINST: 119,980,501 (84.4%)ABSTAIN: 352,417 (0.2%)NOT VOTED: 86,514 (0.1%)

Largest asset managers voting on “Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and” at Bayer AG, 2025-2026
Asset manager	For	Against	Abstain	Vote
Dodge & Cox	0	33,011,830	0	Against
Vanguard	0	29,606,106	0	Against
BlackRock	21,613,021	99,871	0	For
Fidelity	0	14,888,913	0	Against
Capital Group	0	8,870,607	0	Against
Dimensional	0	6,887,986	0	Against
HARRIS ASSOCIATES INVESTMENT TRUST	0	6,657,982	0	Against
State Street	0	2,726,725	0	Against
TIAA	0	2,574,401	0	Against
JPMorgan	0	2,435,818	0	Against
INTERNATIONAL GROWTH & INCOME FUND	0	1,897,137	0	Against
Putnam	0	1,063,265	0	Against
Brighthouse	0	899,202	0	Against
Invesco	0	878,097	0	Against
Northwestern Mutual	0	819,900	0	Against
American Century	0	768,425	0	Against
DWS	0	558,711	0	Against
Equitable	0	342,625	212,878	Against
AIG/SunAmerica	0	540,493	0	Against
RWC Asset Management LLP	0	352,935	0	Against
AQR	0	323,974	0	Against
Goldman Sachs	0	304,978	0	Against
Northern Trust	0	303,929	0	Against
Columbia Threadneedle	0	299,817	0	Against
Prudential/PGIM	0	261,045	0	Against

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

12. RESOLUTION ON THE APPROVAL OF THE COMPENSATION REPORT

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 31 asset managers below cast 100% of the shares they voted on this item FOR (40,851,673 for, 0 against).

FOR: 40,851,673 (100.0%)

Largest asset managers voting on “RESOLUTION ON THE APPROVAL OF THE COMPENSATION REPORT” at Bayer AG, 2025-2026
Asset manager	For	Vote
BlackRock	28,345,503	For
Anomaly Capital Management, LP	4,269,202	For
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
EAGLE CAPITAL MANAGEMENT LLC	1,514,042	For
1832 Asset Management L.P.	549,868	For
First Trust	424,552	For
Korea Investment CORP	355,474	For
Siemens Fonds Invest GmbH	248,473	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
Foresight Global Investors, Inc.	134,163	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
Northern Trust	34,459	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
WATER ISLAND CAPITAL LLC	19,000	For

Showing the 25 largest of 31 asset managers. See all 31 in the interactive database.

13. WITH REGARD TO MOTIONS AND ELECTION PROPOSALS BY STOCKHOLDERS WHICH ARE NOT TO BE MADE AVAILABLE BEFORE THE ANNUAL STOCKHOLDERS MEETING AND WHICH ARE ONLY SUBMITTED OR AMENDED DURING THE ANNUAL STOCKHOLDERS MEETING, I/WE VOTE AS FOLLOWS OR I/WE GIVE THE FOLLOWING INSTRUCTIONS, UNLESS I/WE VOTE OR GIVE INSTRUCTIONS DIFFERENTLY ELSEWHERE

OTHER

Combines 2 wordings of this item as funds reported it.

7% fund support · no official result

AGAINST 59%ABSTAIN 37%

The 22 asset managers below cast 7% of the shares they voted on this item FOR (251,397 for, 3,442,957 against).

FOR: 251,397 (4.3%)AGAINST: 3,442,957 (58.9%)ABSTAIN: 2,146,649 (36.8%)

Largest asset managers voting on “WITH REGARD TO MOTIONS AND ELECTION PROPOSALS BY STOCKHOLDERS WHICH ARE NOT TO BE MADE AVAILABLE BEFORE THE AN” at Bayer AG, 2025-2026
Asset manager	For	Against	Abstain	Vote
Six Circles Trust	0	0	2,073,245	Abstain
Bridge Builder Trust	0	1,565,848	58,570	Against
First Trust	0	424,552	0	Against
BlackRock	0	346,596	14,834	Against
John Hancock	0	228,620	0	Against
Tidal Trust IV	190,337	0	0	For
CARILLON SERIES TRUST	0	178,182	0	Against
Jackson National	0	171,612	0	Against
TRUST FOR PROFESSIONAL MANAGERS	0	115,631	0	Against
Natixis	0	99,930	0	Against
Investment Managers Series Trust	30,000	54,700	0	Against
PFM Multi-Manager Series Trust	0	56,100	0	Against
ADVISORS SERIES TRUST	0	53,703	0	Against
TOUCHSTONE STRATEGIC TRUST	0	45,800	0	Against
GPS Funds I	0	38,577	0	Against
ETF Series Solutions	0	35,375	0	Against
EA Series Trust	0	24,602	0	Against
ARBITRAGE FUNDS	19,000	0	0	For
Zacks Trust	6,510	0	0	For
Ultimus Managers Trust	5,550	0	0	For
Innovator ETFs Trust	0	3,087	0	Against
Roberts Wealth Advisors, LLC	0	42	0	Against

14. Additional or Amended Shareholder Proposals

CORPORATE GOVERNANCE

0% fund support · no official result

AGAINST 100%

The 21 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 12,877,011 against).

AGAINST: 12,877,011 (100.0%)

Largest asset managers voting on “Additional or Amended Shareholder Proposals” at Bayer AG, 2025-2026
Asset manager	Against	Vote
Charles Schwab	5,915,413	Against
VanEck ETF Trust	2,356,702	Against
SEI	1,905,569	Against
Vanguard	725,526	Against
Prudential/PGIM	417,299	Against
Russell Investments	413,970	Against
Adviser Managed Trust	278,645	Against
Neuberger Berman	268,953	Against
Empower	144,100	Against
Global X	130,244	Against
SEI Exchange Traded Funds	125,839	Against
Venerable Variable Insurance Trust	56,242	Against
Mercer Funds	52,046	Against
Advisors' Inner Circle Fund III	26,845	Against
Morningstar Funds Trust	25,436	Against
Franklin Alternative Strategies Funds	15,992	Against
Putnam	15,992	Against
Hartford	956	Against
Brighthouse	605	Against
Northern Lights Fund Trust IV	534	Against
PACE SELECT ADVISORS TRUST	103	Against

15. Appointment of Auditor

AUDIT-RELATED

98% fund support · no official result

FOR 98%

The 21 asset managers below cast 98% of the shares they voted on this item FOR (12,631,002 for, 246,009 against).

FOR: 12,631,002 (98.1%)AGAINST: 246,009 (1.9%)

Largest asset managers voting on “Appointment of Auditor” at Bayer AG, 2025-2026
Asset manager	For	Against	Vote
Charles Schwab	5,915,413	0	For
VanEck ETF Trust	2,356,702	0	For
SEI	1,659,560	246,009	For
Vanguard	725,526	0	For
Prudential/PGIM	417,299	0	For
Russell Investments	413,970	0	For
Adviser Managed Trust	278,645	0	For
Neuberger Berman	268,953	0	For
Empower	144,100	0	For
Global X	130,244	0	For
SEI Exchange Traded Funds	125,839	0	For
Venerable Variable Insurance Trust	56,242	0	For
Mercer Funds	52,046	0	For
Advisors' Inner Circle Fund III	26,845	0	For
Morningstar Funds Trust	25,436	0	For
Franklin Alternative Strategies Funds	15,992	0	For
Putnam	15,992	0	For
Hartford	956	0	For
Brighthouse	605	0	For
Northern Lights Fund Trust IV	534	0	For
PACE SELECT ADVISORS TRUST	103	0	For

16. Appointment of Auditor for Interim Statements (First Quarter of FY2027)

AUDIT-RELATED

98% fund support · no official result

FOR 98%

The 21 asset managers below cast 98% of the shares they voted on this item FOR (12,631,002 for, 246,009 against).

FOR: 12,631,002 (98.1%)AGAINST: 246,009 (1.9%)

Largest asset managers voting on “Appointment of Auditor for Interim Statements (First Quarter of FY2027)” at Bayer AG, 2025-2026
Asset manager	For	Against	Vote
Charles Schwab	5,915,413	0	For
VanEck ETF Trust	2,356,702	0	For
SEI	1,659,560	246,009	For
Vanguard	725,526	0	For
Prudential/PGIM	417,299	0	For
Russell Investments	413,970	0	For
Adviser Managed Trust	278,645	0	For
Neuberger Berman	268,953	0	For
Empower	144,100	0	For
Global X	130,244	0	For
SEI Exchange Traded Funds	125,839	0	For
Venerable Variable Insurance Trust	56,242	0	For
Mercer Funds	52,046	0	For
Advisors' Inner Circle Fund III	26,845	0	For
Morningstar Funds Trust	25,436	0	For
Franklin Alternative Strategies Funds	15,992	0	For
Putnam	15,992	0	For
Hartford	956	0	For
Brighthouse	605	0	For
Northern Lights Fund Trust IV	534	0	For
PACE SELECT ADVISORS TRUST	103	0	For

17. Appointment of Sustainability Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (12,877,011 for, 0 against).

FOR: 12,877,011 (100.0%)

Largest asset managers voting on “Appointment of Sustainability Auditor” at Bayer AG, 2025-2026
Asset manager	For	Vote
Charles Schwab	5,915,413	For
VanEck ETF Trust	2,356,702	For
SEI	1,905,569	For
Vanguard	725,526	For
Prudential/PGIM	417,299	For
Russell Investments	413,970	For
Adviser Managed Trust	278,645	For
Neuberger Berman	268,953	For
Empower	144,100	For
Global X	130,244	For
SEI Exchange Traded Funds	125,839	For
Venerable Variable Insurance Trust	56,242	For
Mercer Funds	52,046	For
Advisors' Inner Circle Fund III	26,845	For
Morningstar Funds Trust	25,436	For
Franklin Alternative Strategies Funds	15,992	For
Putnam	15,992	For
Hartford	956	For
Brighthouse	605	For
Northern Lights Fund Trust IV	534	For
PACE SELECT ADVISORS TRUST	103	For

18. Elect Alfred Stern

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.9%

The 21 asset managers below cast 99.9% of the shares they voted on this item FOR (12,876,374 for, 637 against).

FOR: 12,876,374 (100.0%)AGAINST: 637 (0.0%)

Largest asset managers voting on “Elect Alfred Stern” at Bayer AG, 2025-2026
Asset manager	For	Against	Vote
Charles Schwab	5,915,413	0	For
VanEck ETF Trust	2,356,702	0	For
SEI	1,905,569	0	For
Vanguard	725,526	0	For
Prudential/PGIM	417,299	0	For
Russell Investments	413,970	0	For
Adviser Managed Trust	278,645	0	For
Neuberger Berman	268,953	0	For
Empower	144,100	0	For
Global X	130,244	0	For
SEI Exchange Traded Funds	125,839	0	For
Venerable Variable Insurance Trust	56,242	0	For
Mercer Funds	52,046	0	For
Advisors' Inner Circle Fund III	26,845	0	For
Morningstar Funds Trust	25,436	0	For
Franklin Alternative Strategies Funds	15,992	0	For
Putnam	15,992	0	For
Hartford	956	0	For
Brighthouse	605	0	For
Northern Lights Fund Trust IV	0	534	Against
PACE SELECT ADVISORS TRUST	0	103	Against

19. Elect Marcel Smits

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (12,877,011 for, 0 against).

FOR: 12,877,011 (100.0%)

Largest asset managers voting on “Elect Marcel Smits” at Bayer AG, 2025-2026
Asset manager	For	Vote
Charles Schwab	5,915,413	For
VanEck ETF Trust	2,356,702	For
SEI	1,905,569	For
Vanguard	725,526	For
Prudential/PGIM	417,299	For
Russell Investments	413,970	For
Adviser Managed Trust	278,645	For
Neuberger Berman	268,953	For
Empower	144,100	For
Global X	130,244	For
SEI Exchange Traded Funds	125,839	For
Venerable Variable Insurance Trust	56,242	For
Mercer Funds	52,046	For
Advisors' Inner Circle Fund III	26,845	For
Morningstar Funds Trust	25,436	For
Franklin Alternative Strategies Funds	15,992	For
Putnam	15,992	For
Hartford	956	For
Brighthouse	605	For
Northern Lights Fund Trust IV	534	For
PACE SELECT ADVISORS TRUST	103	For

20. Presentation of Accounts and Reports; Allocation of Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (12,877,011 for, 0 against).

FOR: 12,877,011 (100.0%)

Largest asset managers voting on “Presentation of Accounts and Reports; Allocation of Dividends” at Bayer AG, 2025-2026
Asset manager	For	Vote
Charles Schwab	5,915,413	For
VanEck ETF Trust	2,356,702	For
SEI	1,905,569	For
Vanguard	725,526	For
Prudential/PGIM	417,299	For
Russell Investments	413,970	For
Adviser Managed Trust	278,645	For
Neuberger Berman	268,953	For
Empower	144,100	For
Global X	130,244	For
SEI Exchange Traded Funds	125,839	For
Venerable Variable Insurance Trust	56,242	For
Mercer Funds	52,046	For
Advisors' Inner Circle Fund III	26,845	For
Morningstar Funds Trust	25,436	For
Franklin Alternative Strategies Funds	15,992	For
Putnam	15,992	For
Hartford	956	For
Brighthouse	605	For
Northern Lights Fund Trust IV	534	For
PACE SELECT ADVISORS TRUST	103	For

21. Ratification of Management Board Acts

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (12,877,011 for, 0 against).

FOR: 12,877,011 (100.0%)

Largest asset managers voting on “Ratification of Management Board Acts” at Bayer AG, 2025-2026
Asset manager	For	Vote
Charles Schwab	5,915,413	For
VanEck ETF Trust	2,356,702	For
SEI	1,905,569	For
Vanguard	725,526	For
Prudential/PGIM	417,299	For
Russell Investments	413,970	For
Adviser Managed Trust	278,645	For
Neuberger Berman	268,953	For
Empower	144,100	For
Global X	130,244	For
SEI Exchange Traded Funds	125,839	For
Venerable Variable Insurance Trust	56,242	For
Mercer Funds	52,046	For
Advisors' Inner Circle Fund III	26,845	For
Morningstar Funds Trust	25,436	For
Franklin Alternative Strategies Funds	15,992	For
Putnam	15,992	For
Hartford	956	For
Brighthouse	605	For
Northern Lights Fund Trust IV	534	For
PACE SELECT ADVISORS TRUST	103	For

22. Ratification of Supervisory Board Acts

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (12,877,011 for, 0 against).

FOR: 12,877,011 (100.0%)

Largest asset managers voting on “Ratification of Supervisory Board Acts” at Bayer AG, 2025-2026
Asset manager	For	Vote
Charles Schwab	5,915,413	For
VanEck ETF Trust	2,356,702	For
SEI	1,905,569	For
Vanguard	725,526	For
Prudential/PGIM	417,299	For
Russell Investments	413,970	For
Adviser Managed Trust	278,645	For
Neuberger Berman	268,953	For
Empower	144,100	For
Global X	130,244	For
SEI Exchange Traded Funds	125,839	For
Venerable Variable Insurance Trust	56,242	For
Mercer Funds	52,046	For
Advisors' Inner Circle Fund III	26,845	For
Morningstar Funds Trust	25,436	For
Franklin Alternative Strategies Funds	15,992	For
Putnam	15,992	For
Hartford	956	For
Brighthouse	605	For
Northern Lights Fund Trust IV	534	For
PACE SELECT ADVISORS TRUST	103	For

23. Remuneration Report

COMPENSATION

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (12,877,011 for, 0 against).

FOR: 12,877,011 (100.0%)

Largest asset managers voting on “Remuneration Report” at Bayer AG, 2025-2026
Asset manager	For	Vote
Charles Schwab	5,915,413	For
VanEck ETF Trust	2,356,702	For
SEI	1,905,569	For
Vanguard	725,526	For
Prudential/PGIM	417,299	For
Russell Investments	413,970	For
Adviser Managed Trust	278,645	For
Neuberger Berman	268,953	For
Empower	144,100	For
Global X	130,244	For
SEI Exchange Traded Funds	125,839	For
Venerable Variable Insurance Trust	56,242	For
Mercer Funds	52,046	For
Advisors' Inner Circle Fund III	26,845	For
Morningstar Funds Trust	25,436	For
Franklin Alternative Strategies Funds	15,992	For
Putnam	15,992	For
Hartford	956	For
Brighthouse	605	For
Northern Lights Fund Trust IV	534	For
PACE SELECT ADVISORS TRUST	103	For

24. Election of the Auditor: Deloitte, Sustainability Report 2026

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (5,840,961 for, 0 against).

FOR: 5,840,961 (100.0%)

Largest asset managers voting on “Election of the Auditor: Deloitte, Sustainability Report 2026” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
TRUST FOR PROFESSIONAL MANAGERS	115,631	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Ultimus Managers Trust	5,550	For
Innovator ETFs Trust	3,087	For

25. Election of the Auditor: Deloitte, financial statements, full- year, half-year and Q3 2026

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (5,840,961 for, 0 against).

FOR: 5,840,961 (100.0%)

Largest asset managers voting on “Election of the Auditor: Deloitte, financial statements, full- year, half-year and Q3 2026” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
TRUST FOR PROFESSIONAL MANAGERS	115,631	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Ultimus Managers Trust	5,550	For
Innovator ETFs Trust	3,087	For

26. ELECTION OF THE AUDITOR FOR THE REVIEW OF THE INTERIM REPORT FOR THE FIRST QUARTER OF FISCAL 2027, IF APPLICABLE

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (5,719,780 for, 0 against).

FOR: 5,719,780 (100.0%)

Largest asset managers voting on “ELECTION OF THE AUDITOR FOR THE REVIEW OF THE INTERIM REPORT FOR THE FIRST QUARTER OF FISCAL 2027, IF APPLICAB” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Innovator ETFs Trust	3,087	For

27. PRESENTATION OF THE ADOPTED ANNUAL FINANCIAL STATEMENTS AND THE APPROVED CONSOLIDATED FINANCIAL STATEMENTS, THE COMBINED MANAGEMENT REPORT FOR BAYER AKTIENGESELLSCHAFT AND THE BAYER GROUP, THE REPORT OF THE SUPERVISORY BOARD AND THE PROPOSAL BY THE BOARD OF MANAGEMENT ON THE USE OF THE DISTRIBUTABLE PROFIT FOR THE FISCAL YEAR 2025, AND RESOLUTION ON THE USE OF THE DISTRIBUTABLE PROFIT

OTHER

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (5,719,780 for, 0 against).

FOR: 5,719,780 (100.0%)

Largest asset managers voting on “PRESENTATION OF THE ADOPTED ANNUAL FINANCIAL STATEMENTS AND THE APPROVED CONSOLIDATED FINANCIAL STATEMENTS, TH” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Innovator ETFs Trust	3,087	For

28. RESOLUTION ON RATIFICATION OF THE ACTIONS OF THE MEMBERS OF THE BOARD OF MANAGEMENT

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (5,719,780 for, 0 against).

FOR: 5,719,780 (100.0%)

Largest asset managers voting on “RESOLUTION ON RATIFICATION OF THE ACTIONS OF THE MEMBERS OF THE BOARD OF MANAGEMENT” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Innovator ETFs Trust	3,087	For

29. RESOLUTION ON RATIFICATION OF THE ACTIONS OF THE MEMBERS OF THESUPERVISORY BOARD

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (5,719,780 for, 0 against).

FOR: 5,719,780 (100.0%)

Largest asset managers voting on “RESOLUTION ON RATIFICATION OF THE ACTIONS OF THE MEMBERS OF THESUPERVISORY BOARD” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Innovator ETFs Trust	3,087	For

30. SUPERVISORY BOARD ELECTIONS: ALFRED STERN

DIRECTOR ELECTIONS

99.8% fund support · no official result

FOR 99.8%

The 19 asset managers below cast 99.8% of the shares they voted on this item FOR (5,709,688 for, 10,092 against).

FOR: 5,709,688 (99.8%)AGAINST: 10,092 (0.2%)

Largest asset managers voting on “SUPERVISORY BOARD ELECTIONS: ALFRED STERN” at Bayer AG, 2025-2026
Asset manager	For	Against	Vote
Six Circles Trust	2,073,245	0	For
Bridge Builder Trust	1,624,418	0	For
First Trust	424,552	0	For
BlackRock	361,430	0	For
John Hancock	228,620	0	For
Tidal Trust IV	190,337	0	For
CARILLON SERIES TRUST	178,182	0	For
Jackson National	171,612	0	For
Natixis	99,930	0	For
Investment Managers Series Trust	84,700	0	For
PFM Multi-Manager Series Trust	56,100	0	For
ADVISORS SERIES TRUST	53,703	0	For
TOUCHSTONE STRATEGIC TRUST	45,800	0	For
GPS Funds I	38,577	0	For
ETF Series Solutions	35,375	0	For
EA Series Trust	14,510	10,092	For
ARBITRAGE FUNDS	19,000	0	For
Zacks Trust	6,510	0	For
Innovator ETFs Trust	3,087	0	For

31. SUPERVISORY BOARD ELECTIONS: MARCEL SMITS

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (5,719,780 for, 0 against).

FOR: 5,719,780 (100.0%)

Largest asset managers voting on “SUPERVISORY BOARD ELECTIONS: MARCEL SMITS” at Bayer AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	2,073,245	For
Bridge Builder Trust	1,624,418	For
First Trust	424,552	For
BlackRock	361,430	For
John Hancock	228,620	For
Tidal Trust IV	190,337	For
CARILLON SERIES TRUST	178,182	For
Jackson National	171,612	For
Natixis	99,930	For
Investment Managers Series Trust	84,700	For
PFM Multi-Manager Series Trust	56,100	For
ADVISORS SERIES TRUST	53,703	For
TOUCHSTONE STRATEGIC TRUST	45,800	For
GPS Funds I	38,577	For
ETF Series Solutions	35,375	For
EA Series Trust	24,602	For
ARBITRAGE FUNDS	19,000	For
Zacks Trust	6,510	For
Innovator ETFs Trust	3,087	For

32. Ratification of the actions of the members of the Board of Management

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (121,223 for, 0 against).

FOR: 121,223 (100.0%)

Largest asset managers voting on “Ratification of the actions of the members of the Board of Management” at Bayer AG, 2025-2026
Asset manager	For	Vote
TRUST FOR PROFESSIONAL MANAGERS	115,631	For
Ultimus Managers Trust	5,550	For
Roberts Wealth Advisors, LLC	42	For

33. Ratification of the actions of the members of the Supervisory Board

AUDIT-RELATED

95% fund support · no official result

FOR 95%

The 3 asset managers below cast 95% of the shares they voted on this item FOR (115,673 for, 5,550 against).

FOR: 115,673 (95.4%)AGAINST: 5,550 (4.6%)

Largest asset managers voting on “Ratification of the actions of the members of the Supervisory Board” at Bayer AG, 2025-2026
Asset manager	For	Against	Vote
TRUST FOR PROFESSIONAL MANAGERS	115,631	0	For
Ultimus Managers Trust	0	5,550	Against
Roberts Wealth Advisors, LLC	42	0	For

34. Election of the Auditor (PwC, Q1 2027)

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (121,223 for, 0 against).

FOR: 121,223 (100.0%)

Largest asset managers voting on “Election of the Auditor (PwC, Q1 2027)” at Bayer AG, 2025-2026
Asset manager	For	Vote
TRUST FOR PROFESSIONAL MANAGERS	115,631	For
Ultimus Managers Trust	5,550	For
Roberts Wealth Advisors, LLC	42	For

35. Distribution of the profit (Distribution of a dividend of 0.11 per share)

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (121,181 for, 0 against).

FOR: 121,181 (100.0%)

Largest asset managers voting on “Distribution of the profit (Distribution of a dividend of 0.11 per share)” at Bayer AG, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
TRUST FOR PROFESSIONAL MANAGERS	115,631	0	0	0	For
Ultimus Managers Trust	5,550	0	0	0	For

36. Supervisory Board election - Alfred Stern

DIRECTOR ELECTIONS

95% fund support · no official result

FOR 95%

The 2 asset managers below cast 95% of the shares they voted on this item FOR (115,631 for, 5,550 against).

FOR: 115,631 (95.4%)AGAINST: 5,550 (4.6%)

Largest asset managers voting on “Supervisory Board election - Alfred Stern” at Bayer AG, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
TRUST FOR PROFESSIONAL MANAGERS	115,631	0	0	0	For
Ultimus Managers Trust	0	5,550	0	0	Against

37. Supervisory Board election - Marcel Smits

DIRECTOR ELECTIONS

95% fund support · no official result

FOR 95%

The 2 asset managers below cast 95% of the shares they voted on this item FOR (115,631 for, 5,550 against).

FOR: 115,631 (95.4%)AGAINST: 5,550 (4.6%)

Largest asset managers voting on “Supervisory Board election - Marcel Smits” at Bayer AG, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
TRUST FOR PROFESSIONAL MANAGERS	115,631	0	0	0	For
Ultimus Managers Trust	0	5,550	0	0	Against

Showing the 37 reported items with the widest manager coverage, of 38 in total. View every item.

Largest Bayer AG shareholders voting in 2025-2026

Ranked by the number of Bayer AG shares each manager voted on the most widely held ballot item of the 2025-2026 meeting.

Top Bayer AG shareholders by shares voted, 2025-2026
#	Asset manager	Shares voted
1	EAGLE CAPITAL MANAGEMENT LLC	40,972,856
2	2023 ETF Series Trust	7,186,655
3	BlackRock	2,471,296
4	LOEWS CORP	2,000,000
5	Northern Trust	1,286,128
6	FOUNDATION RESOURCE MANAGEMENT INC	1,194,685
7	PNC BANK, NATIONAL ASSOCIATION	820,699
8	ENVESTNET ASSET MANAGEMENT INC	362,790
9	AMG National Trust Bank	234,246
10	RAYMOND JAMES & ASSOCIATES	220,847

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Bayer AG for the 2025-2026 season, so there is no denominator to divide by.

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. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Bayer AG's shareholder meeting held 2026-04-24, in the 2025-2026 proxy season, 236 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,539 separate fund positions. Their filings are grouped here into 38 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 — Approval of the Compensation Report — the reporting funds cast 99.9% 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.

Bayer AG proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Bayer AG 2025-2026 Proxy Voting Records

How asset managers voted at the Bayer AG 2025-2026 meeting

1. Approval of the Compensation Report

2. Appoint Deloitte GmbH as Auditor for Sustainability Reporting for Fiscal Year 2026

3. Approve Discharge of Management Board for Fiscal Year 2025

4. Approve Discharge of Supervisory Board for Fiscal Year 2025

5. Approve Remuneration Report

6. Elect Alfred Stern to the Supervisory Board

7. Elect Marcel Smits to the Supervisory Board

8. Ratify Deloitte GmbH as Auditors for Fiscal Year 2026 and for the Review of Interim Financial Statements for Fiscal Year 2026

9. Ratify PricewaterhouseCoopers GmbH as Auditors for the Review of Interim Financial Reports for the First Quarter of Fiscal Year 2027

10. Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per Share for Fiscal Year 2025

11. Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM

12. RESOLUTION ON THE APPROVAL OF THE COMPENSATION REPORT

14. Additional or Amended Shareholder Proposals

15. Appointment of Auditor

16. Appointment of Auditor for Interim Statements (First Quarter of FY2027)

17. Appointment of Sustainability Auditor

18. Elect Alfred Stern

19. Elect Marcel Smits

20. Presentation of Accounts and Reports; Allocation of Dividends

21. Ratification of Management Board Acts

22. Ratification of Supervisory Board Acts

23. Remuneration Report

24. Election of the Auditor: Deloitte, Sustainability Report 2026

25. Election of the Auditor: Deloitte, financial statements, full- year, half-year and Q3 2026

26. ELECTION OF THE AUDITOR FOR THE REVIEW OF THE INTERIM REPORT FOR THE FIRST QUARTER OF FISCAL 2027, IF APPLICABLE

28. RESOLUTION ON RATIFICATION OF THE ACTIONS OF THE MEMBERS OF THE BOARD OF MANAGEMENT

29. RESOLUTION ON RATIFICATION OF THE ACTIONS OF THE MEMBERS OF THESUPERVISORY BOARD

30. SUPERVISORY BOARD ELECTIONS: ALFRED STERN

31. SUPERVISORY BOARD ELECTIONS: MARCEL SMITS

32. Ratification of the actions of the members of the Board of Management

33. Ratification of the actions of the members of the Supervisory Board

34. Election of the Auditor (PwC, Q1 2027)

35. Distribution of the profit (Distribution of a dividend of  0.11 per share)

36. Supervisory Board election - Alfred Stern

37. Supervisory Board election - Marcel Smits

Largest Bayer AG shareholders voting in 2025-2026

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35. Distribution of the profit (Distribution of a dividend of 0.11 per share)