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Nasdaq, Inc. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and Nasdaq, Inc.’s Form 8-K, filed 2025-06-16 (Item 5.07 on EDGAR). Page generated 02 October 2026.

29Reported items
794Asset managers
12,175Fund votes
2025-06-11Meeting date

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

Explore Nasdaq, Inc. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by Nasdaq, Inc.

These tallies are Nasdaq, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-16 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Nasdaq, Inc. — official shareholder meeting results, meeting held 2025-06-11
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Melissa M. Arnoldi	390,408,725	677,809	236,098	--	24,966,220	Majority: yes
Elect Director: Charlene T. Begley	380,419,863	10,665,190	237,579	--	24,966,220	Majority: yes
Elect Director: Adena T. Friedman	368,013,975	20,261,144	3,047,513	--	24,966,220	Majority: yes
Elect Director: Essa Kazim	389,440,021	1,629,794	252,817	--	24,966,220	Majority: yes
Elect Director: Thomas A. Kloet	387,025,140	4,016,685	280,807	--	24,966,220	Majority: yes
Elect Director: Kathryn A. Koch	390,465,740	616,692	240,200	--	24,966,220	Majority: yes
Elect Director: Holden Spaht	390,750,585	269,846	302,201	--	24,966,220	Majority: yes
Elect Director: Michael R. Splinter	378,571,117	12,457,643	293,872	--	24,966,220	Majority: yes
Elect Director: Johan Torgeby	390,720,007	287,042	315,583	--	24,966,220	Majority: yes
Elect Director: Toni Townes-Whitley	390,222,385	863,365	236,882	--	24,966,220	Majority: yes
Elect Director: Jeffery W. Yabuki	383,559,867	7,297,368	465,397	--	24,966,220	Majority: yes
Elect Director: Alfred W. Zollar	390,293,642	560,676	468,314	--	24,966,220	Majority: yes

Source: Nasdaq, Inc., Form 8-K, filed with the SEC on 2025-06-16 — read the filing on EDGAR.

How asset managers voted at the Nasdaq, Inc. 2024-2025 meeting

Each item below shows how the 794 asset managers that disclosed a Nasdaq, Inc. 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 Nasdaq, Inc.’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. Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 8 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 727 asset managers below cast 97% of the shares they voted on this item FOR (357,032,082 for, 12,240,527 against).

FOR: 357,032,082 (96.6%)AGAINST: 12,240,527 (3.3%)ABSTAIN: 326,364 (0.1%)NOT VOTED: 52,313 (0.0%)

Largest asset managers voting on “Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	51,387,567	14,419	1	For
Wellington	30,114,129	0	0	For
BlackRock	25,494,006	8,410	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	24,000,855	0	0	For
State Street	15,578,747	0	0	For
MFS	14,356,698	0	0	For
Fidelity	12,653,633	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	11,337,236	0	0	For
John Hancock	9,276,673	0	0	For
Invesco	8,696,430	0	0	For
FRANKLIN ADVISERS INC	8,628,026	0	0	For
HARRIS ASSOCIATES L P	8,354,344	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
Charles Schwab	4,791,739	0	0	For
FARALLON CAPITAL MANAGEMENT LLC	4,475,466	0	0	For
Putnam	4,095,019	0	0	For
BESSEMER TRUST Co NATIONAL ASSOCIATION	3,930,440	0	0	For
Northern Trust	3,509,918	0	0	For
Nuveen	3,124,355	0	0	For
TIAA	3,028,282	0	0	For
Hartford	2,779,236	0	0	For
Goldman Sachs	2,701,592	0	0	For
BESSEMER TRUST Co OF FLORIDA	2,691,415	0	0	For
BESSEMER TRUST CO	2,593,556	0	0	For

Showing the 25 largest of 727 asset managers. See all 727 in the interactive database.

2. Election 12 Directors: Adena T. Friedman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 368,013,975AGAINST: 20,261,144

Nasdaq, Inc.’s own tally for this item (“Elect Director: Adena T. Friedman”): 368,013,975 for, 20,261,144 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 64% for, 4% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,113,778 for, 80,899 against).

FOR 99.9%

FOR: 142,113,778 (99.9%)AGAINST: 80,899 (0.1%)ABSTAIN: 40,158 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Adena T. Friedman” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,011	17	2	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,840	34	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

3. Election 12 Directors: Alfred W. Zollar

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 390,293,642AGAINST: 560,676

Nasdaq, Inc.’s own tally for this item (“Elect Director: Alfred W. Zollar”): 390,293,642 for, 560,676 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.1% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,126,567 for, 68,112 against).

FOR 99.9%

FOR: 142,126,567 (99.9%)AGAINST: 68,112 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Alfred W. Zollar” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,029	1	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

4. Election 12 Directors: Charlene T. Begley

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 380,419,863AGAINST: 10,665,190

Nasdaq, Inc.’s own tally for this item (“Elect Director: Charlene T. Begley”): 380,419,863 for, 10,665,190 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 66% for, 2% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,096,552 for, 98,127 against).

FOR 99.9%

FOR: 142,096,552 (99.9%)AGAINST: 98,127 (0.1%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Charlene T. Begley” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,021	9	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,797	77	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

5. Election 12 Directors: Essa Kazim

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 389,440,021AGAINST: 1,629,794

Nasdaq, Inc.’s own tally for this item (“Elect Director: Essa Kazim”): 389,440,021 for, 1,629,794 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.3% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,176,460 for, 18,220 against).

FOR 99.9%

FOR: 142,176,460 (100.0%)AGAINST: 18,220 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Essa Kazim” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,028	2	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

6. Election 12 Directors: Holden Spaht

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%

FOR: 390,750,585AGAINST: 269,846

Nasdaq, Inc.’s own tally for this item (“Elect Director: Holden Spaht”): 390,750,585 for, 269,846 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.1% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,194,679 for, 0 against).

FOR 99.9%

FOR: 142,194,679 (100.0%)AGAINST: 0 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Holden Spaht” at Nasdaq, Inc., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	49,088,029	0	For
MFS	14,356,698	0	For
BlackRock	12,080,635	0	For
Fidelity	11,161,145	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	For
State Street	4,489,874	0	For
Invesco	3,588,386	0	For
John Hancock	3,113,095	0	For
TIAA	3,026,415	0	For
Hartford	2,753,750	0	For
Charles Schwab	2,357,340	0	For
Jackson National	1,637,807	0	For
Lord Abbett	1,597,204	0	For
Putnam	1,462,027	0	For
DIAMOND HILL FUNDS	1,374,553	0	For
OLD WESTBURY FUNDS INC	969,950	0	For
Goldman Sachs	893,169	0	For
Brighthouse	735,364	40,156	For
Lincoln Financial	700,673	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	For
Thrivent	637,568	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	For
Prudential/PGIM	570,055	0	For
WisdomTree	563,198	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

7. Election 12 Directors: Jeffery W. Yabuki

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 383,559,867AGAINST: 7,297,368

Nasdaq, Inc.’s own tally for this item (“Elect Director: Jeffery W. Yabuki”): 383,559,867 for, 7,297,368 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 67% for, 1% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,129,294 for, 65,385 against).

FOR 99.9%

FOR: 142,129,294 (99.9%)AGAINST: 65,385 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Jeffery W. Yabuki” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,023	7	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

8. Election 12 Directors: Johan Torgeby

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%

FOR: 390,720,007AGAINST: 287,042

Nasdaq, Inc.’s own tally for this item (“Elect Director: Johan Torgeby”): 390,720,007 for, 287,042 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.1% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,184,057 for, 0 against).

FOR 99.9%

FOR: 142,184,057 (100.0%)AGAINST: 0 (0.0%)ABSTAIN: 50,778 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Johan Torgeby” at Nasdaq, Inc., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	49,088,029	0	For
MFS	14,356,698	0	For
BlackRock	12,080,635	0	For
Fidelity	11,161,145	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	For
State Street	4,489,874	0	For
Invesco	3,588,386	0	For
John Hancock	3,113,095	0	For
TIAA	3,026,415	0	For
Hartford	2,753,750	0	For
Charles Schwab	2,357,340	0	For
Jackson National	1,637,807	0	For
Lord Abbett	1,597,204	0	For
Putnam	1,462,027	0	For
DIAMOND HILL FUNDS	1,374,553	0	For
OLD WESTBURY FUNDS INC	969,950	0	For
Goldman Sachs	893,169	0	For
Brighthouse	735,364	40,156	For
Lincoln Financial	700,673	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	For
Thrivent	637,568	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	For
Prudential/PGIM	570,055	0	For
WisdomTree	563,198	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

9. Election 12 Directors: Kathryn A. Koch

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 390,465,740AGAINST: 616,692

Nasdaq, Inc.’s own tally for this item (“Elect Director: Kathryn A. Koch”): 390,465,740 for, 616,692 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.2% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,129,301 for, 65,379 against).

FOR 99.9%

FOR: 142,129,301 (99.9%)AGAINST: 65,379 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Kathryn A. Koch” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,029	1	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

10. Election 12 Directors: Melissa M. Arnoldi

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 6 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 390,408,725AGAINST: 677,809

Nasdaq, Inc.’s own tally for this item (“Elect Director: Melissa M. Arnoldi”): 390,408,725 for, 677,809 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.2% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,145,200 for, 49,479 against).

FOR 99.9%

FOR: 142,145,200 (99.9%)AGAINST: 49,479 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Melissa M. Arnoldi” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,029	1	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

11. Election 12 Directors: Michael R. Splinter

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 378,571,117AGAINST: 12,457,643

Nasdaq, Inc.’s own tally for this item (“Elect Director: Michael R. Splinter”): 378,571,117 for, 12,457,643 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 66% for, 2% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,058,832 for, 135,847 against).

FOR 99.8%

FOR: 142,058,832 (99.9%)AGAINST: 135,847 (0.1%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Michael R. Splinter” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,018	12	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,797	77	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

12. Election 12 Directors: Thomas A. Kloet

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 387,025,140AGAINST: 4,016,685

Nasdaq, Inc.’s own tally for this item (“Elect Director: Thomas A. Kloet”): 387,025,140 for, 4,016,685 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 67% for, 0.7% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,138,740 for, 55,939 against).

FOR 99.9%

FOR: 142,138,740 (99.9%)AGAINST: 55,939 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Thomas A. Kloet” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,026	4	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

13. Election 12 Directors: Toni Townes-Whitley

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 390,222,385AGAINST: 863,365

Nasdaq, Inc.’s own tally for this item (“Elect Director: Toni Townes-Whitley”): 390,222,385 for, 863,365 against, per its Form 8-K filed 2025-06-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 573,940,099 outstanding shares: 68% for, 0.2% against (68% of the company cast a for/against vote).

The 157 asset managers below cast 99.9% of the shares they voted on this item FOR (142,129,300 for, 65,379 against).

FOR 99.9%

FOR: 142,129,300 (99.9%)AGAINST: 65,379 (0.0%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “Election 12 Directors: Toni Townes-Whitley” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,088,029	1	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,874	0	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

14. APPROVAL OF AN AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR LIMITED OFFICER EXCULPATION

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

92% fund support · no official result

FOR 92%8%

The 152 asset managers below cast 92% of the shares they voted on this item FOR (130,594,235 for, 11,276,918 against).

FOR: 130,594,235 (92.0%)AGAINST: 11,276,918 (7.9%)ABSTAIN: 41,376 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “APPROVAL OF AN AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR LIM” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	48,968,431	119,599	0	For
MFS	14,356,698	0	0	For
BlackRock	12,068,405	12,230	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	0	7,050,000	0	Against
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,405	469	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,356,923	417	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	0	1,374,553	0	Against
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	854,249	38,920	0	For
Brighthouse	675,006	60,358	40,156	For
Lincoln Financial	619,731	80,942	0	For
FRANKLIN STRATEGIC SERIES	0	667,136	0	Against
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 152 asset managers. See all 152 in the interactive database.

15. RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025

AUDIT-RELATED

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.6%

The 152 asset managers below cast 99.7% of the shares they voted on this item FOR (141,462,772 for, 409,601 against).

FOR: 141,462,772 (99.7%)AGAINST: 409,601 (0.3%)ABSTAIN: 40,156 (0.0%)NOT VOTED: 216 (0.0%)

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR ” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	49,073,607	14,423	0	For
MFS	14,356,698	0	0	For
BlackRock	12,080,635	0	0	For
Fidelity	11,161,145	0	0	For
FRANKLIN MANAGED TRUST	7,050,000	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	6,821,505	0	0	For
State Street	4,489,797	77	0	For
Invesco	3,588,386	0	0	For
John Hancock	3,113,095	0	0	For
TIAA	3,026,415	0	0	For
Hartford	2,753,750	0	0	For
Charles Schwab	2,357,340	0	0	For
Jackson National	1,637,807	0	0	For
Lord Abbett	1,597,204	0	0	For
Putnam	1,462,027	0	0	For
DIAMOND HILL FUNDS	1,374,553	0	0	For
OLD WESTBURY FUNDS INC	969,950	0	0	For
Goldman Sachs	893,169	0	0	For
Brighthouse	735,364	0	40,156	For
Lincoln Financial	700,673	0	0	For
FRANKLIN STRATEGIC SERIES	667,136	0	0	For
Thrivent	637,568	0	0	For
MASTER INVESTMENT PORTFOLIO	573,723	0	0	For
Prudential/PGIM	570,055	0	0	For
WisdomTree	563,198	0	0	For

Showing the 25 largest of 152 asset managers. See all 152 in the interactive database.

16. Advisory Vote to Ratify Named Executive Officers' Compensation

COMPENSATION

Meeting held 2025-06-11.

83% fund support · no official result

FOR 83%AGAINST 17%

The 33 asset managers below cast 83% of the shares they voted on this item FOR (3,976,297 for, 792,248 against).

FOR: 3,976,297 (82.9%)AGAINST: 792,248 (16.5%)ABSTAIN: 27,502 (0.6%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Vote
APG Asset Management US Inc.	960,893	0	0	For
ADAGE CAPITAL PARTNERS GP, L.L.C.	626,140	0	0	For
Close Asset Management Ltd	610,210	0	0	For
Dundas Partners LLP	500,759	0	0	For
JPMorgan	452,198	0	0	For
NORDEA INVESTMENT MANAGEMENT AB	0	297,395	0	Against
STOREBRAND ASSET MANAGEMENT AS	266,014	0	0	For
Desjardins Global Asset Management Inc.	0	162,119	0	Against
Cardano Risk Management B.V.	0	159,900	0	Against
TD ASSET MANAGEMENT INC	142,319	0	0	For
GROUPAMA ASSET MANAGMENT	0	104,585	0	Against
Thematics Asset Management	103,016	0	0	For
Empower	64,010	0	0	For
Sone Capital Management, LLC	30,533	0	27,502	For
TD Waterhouse Canada Inc.	53,505	0	0	For
Regime de rentes du Mouvement Desjardins	0	51,321	0	Against
Erste Asset Management GmbH	49,992	0	0	For
GuideStone	41,417	0	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	21,638	0	0	For
OSSIAM	0	16,928	0	Against
WHITENER CAPITAL MANAGEMENT, INC.	12,350	0	0	For
Coyle Financial Counsel LLC	11,217	0	0	For
SIERRA SUMMIT ADVISORS LLC	11,217	0	0	For
Metzler Asset Management GmbH	9,374	0	0	For
CLEARWATER INVESTMENT TRUST	5,100	0	0	For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

17. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

86% fund support · no official result

FOR 85%AGAINST 14%

The 11 asset managers below cast 86% of the shares they voted on this item FOR (141,468 for, 23,817 against).

FOR: 141,468 (84.6%)AGAINST: 23,817 (14.3%)NOT VOTED: 1,846 (1.1%)

Largest asset managers voting on “14A Executive Compensation” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Vote
Interval Partners, LP	84,439	0	For
Baker Avenue Asset Management, LP	52,674	0	For
WILLIAMSBURG INVESTMENT TRUST	0	23,000	Against
Claret Asset Management Corp	3,289	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
Focus Partners Wealth	859	817	For
Moisand Fitzgerald Tamayo, LLC	126	0	For
Simplify Exchange Traded Funds	28	0	For
Ballew Advisors, Inc	23	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	18	0	For
MQS Management LLC	12	0	For

18. Amend Certificate of Incorporation to Provide for the Exculpation of Officers

CORPORATE GOVERNANCE

Meeting held 2025-06-11.

96% fund support · no official result

FOR 96%

The 5 asset managers below cast 96% of the shares they voted on this item FOR (155,419 for, 6,987 against).

FOR: 155,419 (95.7%)AGAINST: 6,987 (4.3%)

Largest asset managers voting on “Amend Certificate of Incorporation to Provide for the Exculpation of Officers” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Vote
Empower	64,010	0	For
Erste Asset Management GmbH	49,992	0	For
GuideStone	41,417	0	For
CLEARWATER INVESTMENT TRUST	0	5,100	Against
HC CAPITAL TRUST	0	1,887	Against

19. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2025-06-11.

13% fund support · no official result

13%AGAINST 87%

The 5 asset managers below cast 13% of the shares they voted on this item FOR (23,397 for, 159,900 against).

FOR: 23,397 (12.8%)AGAINST: 159,900 (87.2%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	0	159,900	Against
WILLIAMSBURG INVESTMENT TRUST	23,000	0	For
NORTHERN LIGHTS FUND TRUST III	351	0	For
Simplify Exchange Traded Funds	28	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	18	0	For

20. Ratify Ernst & Young LLP as Auditors

AUDIT-RELATED

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (162,406 for, 0 against).

FOR: 162,406 (100.0%)

Largest asset managers voting on “Ratify Ernst & Young LLP as Auditors” at Nasdaq, Inc., 2024-2025
Asset manager	For	Vote
Empower	64,010	For
Erste Asset Management GmbH	49,992	For
GuideStone	41,417	For
CLEARWATER INVESTMENT TRUST	5,100	For
HC CAPITAL TRUST	1,887	For

21. Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-11 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (1,516 for, 0 against).

FOR: 1,516 (100.0%)

Largest asset managers voting on “Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement” at Nasdaq, Inc., 2024-2025
Asset manager	For	Vote
COLDSTREAM CAPITAL MANAGEMENT INC	1,492	For
VAUGHAN DAVID INVESTMENTS LLC/IL	24	For
Echo45 Advisors LLC	0	--

22. Approve Article Amendments

OTHER

Meeting held 2025-06-11.

99.0% fund support · no official result

FOR 99.0%

The 3 asset managers below cast 99.0% of the shares they voted on this item FOR (1,828 for, 18 against).

FOR: 1,828 (99.0%)AGAINST: 18 (1.0%)

Largest asset managers voting on “Approve Article Amendments” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Vote
WILLIAMSBURG INVESTMENT TRUST	1,800	0	For
Simplify Exchange Traded Funds	28	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	0	18	Against

23. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-06-11.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at Nasdaq, Inc., 2024-2025
Asset manager	For	Vote
WILLIAMSBURG INVESTMENT TRUST	23,000	For
Simplify Exchange Traded Funds	28	For
VOISARD ASSET MANAGEMENT GROUP, INC.	18	For

24. TO APPROVE THE COMPANY'S EXECUTIVE COMPENSATION ON AN ADVISORY BASIS

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

4% fund support · no official result

AGAINST 96%

The 3 asset managers below cast 4% of the shares they voted on this item FOR (10,119 for, 235,069 against).

FOR: 10,119 (4.1%)AGAINST: 235,069 (95.9%)

Largest asset managers voting on “TO APPROVE THE COMPANY'S EXECUTIVE COMPENSATION ON AN ADVISORY BASIS” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Vote
Lighthouse Investment Partners, LLC	0	235,069	Against
GARDNER LEWIS ASSET MANAGEMENT L P	10,100	0	For
Fiera Capital Corp	19	0	For

25. An advisory vote to approve the Company's executive compensation as presented in the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

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, 30,618 against).

AGAINST: 30,618 (100.0%)

Largest asset managers voting on “An advisory vote to approve the Company's executive compensation as presented in the Proxy Statement.” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Universal-Investment-Gesellschaft mbH	0	19,418	0	0	Against
Universal-Investment-Luxembourg S.A.	0	11,200	0	0	Against

26. Approval of the Companys Executive Compensation on an Advisory Basis

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

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 (4,206 for, 0 against).

FOR: 4,206 (100.0%)

Largest asset managers voting on “Approval of the Companys Executive Compensation on an Advisory Basis” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
IQ EQ FUND MANAGEMENT (IRELAND) Ltd	4,206	0	0	0	For
IPConcept (Luxemburg) S.A.	0	0	0	0	--

27. Audit Related

AUDIT-RELATED

Meeting held 2025-06-11.

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 (439 for, 0 against).

FOR: 439 (100.0%)

Largest asset managers voting on “Audit Related” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Two Roads Shared Trust	419	0	0	0	For
Members Trust Co	20	0	0	0	For

28. Compensation

COMPENSATION

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (439 for, 0 against).

FOR: 439 (100.0%)

Largest asset managers voting on “Compensation” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Two Roads Shared Trust	419	0	0	0	For
Members Trust Co	20	0	0	0	For

29. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (43 for, 0 against).

FOR: 43 (100.0%)

Largest asset managers voting on “Director Elections” at Nasdaq, Inc., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Ballew Advisors, Inc	23	0	0	0	For
Members Trust Co	20	0	0	0	For

Largest Nasdaq, Inc. shareholders voting in 2024-2025

Ranked by the number of Nasdaq, Inc. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 573,940,099 shares outstanding at the time of that meeting.

Top Nasdaq, Inc. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	8.96%
2	Wellington	5.25%
3	BlackRock	4.44%
4	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	4.18%
5	State Street	2.71%
6	MFS	2.50%
7	Fidelity	2.20%
8	GEODE CAPITAL MANAGEMENT, LLC	1.98%
9	John Hancock	1.62%
10	Invesco	1.52%

Reported Nasdaq, Inc. ownership

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

Nasdaq, Inc. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	9.23%	13F
BlackRock	6.31%	13F
Wellington Management	5.70%	13F
Massachusetts Financial Services Company	5.06%	13G
Argus Seller, LP	4.44%	13D
State Street	3.19%	13F
Franklin Templeton	1.97%	13F
Goldman Sachs	1.01%	13F
Morgan Stanley	0.98%	13F
Invesco	0.96%	13F

Percentages above are of 573,940,099 shares outstanding, as reported by Nasdaq, Inc. on its Form 10-Q dated 2025-03-31 (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 Nasdaq, Inc.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At Nasdaq, Inc.'s shareholder meeting held 2025-06-11, in the 2024-2025 proxy season, 794 asset managers reported how they voted in their SEC Form N-PX filings, covering 12,175 separate fund positions. Their filings are grouped here into 29 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. Nasdaq, Inc.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Advisory vote to approve the Company's executive compensation as presented in the Proxy… — the reporting funds cast 97% 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.

Nasdaq, Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Nasdaq, Inc. 2024-2025 Proxy Voting Records

Official 2024-2025 meeting results reported by Nasdaq, Inc.

How asset managers voted at the Nasdaq, Inc. 2024-2025 meeting

1. Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement

2. Election 12 Directors: Adena T. Friedman

3. Election 12 Directors: Alfred W. Zollar

4. Election 12 Directors: Charlene T. Begley

5. Election 12 Directors: Essa Kazim

6. Election 12 Directors: Holden Spaht

7. Election 12 Directors: Jeffery W. Yabuki

8. Election 12 Directors: Johan Torgeby

9. Election 12 Directors: Kathryn A. Koch

10. Election 12 Directors: Melissa M. Arnoldi

11. Election 12 Directors: Michael R. Splinter

12. Election 12 Directors: Thomas A. Kloet

13. Election 12 Directors: Toni Townes-Whitley

14. APPROVAL OF AN AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR LIMITED OFFICER EXCULPATION

15. RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025

16. Advisory Vote to Ratify Named Executive Officers' Compensation

17. 14A Executive Compensation

18. Amend Certificate of Incorporation to Provide for the Exculpation of Officers

19. Ratify Appointment of Independent Auditors

20. Ratify Ernst & Young LLP as Auditors

21. Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement

22. Approve Article Amendments

23. Election of Directors (Majority Voting)

24. TO APPROVE THE COMPANY'S EXECUTIVE COMPENSATION ON AN ADVISORY BASIS

25. An advisory vote to approve the Company's executive compensation as presented in the Proxy Statement.

26. Approval of the Companys Executive Compensation on an Advisory Basis

27. Audit Related

28. Compensation

29. Director Elections

Largest Nasdaq, Inc. shareholders voting in 2024-2025

Reported Nasdaq, Inc. ownership

About this page

26. Approval of the Companys Executive Compensation on an Advisory Basis