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Nestle SA 2024-2025 Proxy Voting Records

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

98Reported items
593Asset managers
16,832Fund votes
2025-04-16Meeting date

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

Explore Nestle SA in the interactive database Compare manager voting policies

How asset managers voted at the Nestle SA 2024-2025 meeting

Each item below shows how the 593 asset managers that disclosed a Nestle SA 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 Nestle SA’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. Acceptance of the Compensation Report 2024 (advisory vote)

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% fund support · no official result

FOR 96%

The 437 asset managers below cast 96% of the shares they voted on this item FOR (209,757,780 for, 9,623,522 against).

FOR: 209,757,780 (95.6%)AGAINST: 9,623,522 (4.4%)ABSTAIN: 163 (0.0%)NOT VOTED: 2,500 (0.0%)UNKNOWN: 2,072 (0.0%)

Largest asset managers voting on “Acceptance of the Compensation Report 2024 (advisory vote)” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	145,520,974	0	For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	14,934,532	0	For
Six Circles Trust	12,698,044	0	For
GARDNER RUSSO & QUINN LLC	5,887,456	0	For
JPMorgan	3,633,688	0	For
1832 Asset Management L.P.	3,593,841	0	For
Bridge Builder Trust	2,919,919	0	For
HARDING LOEVNER LP	2,738,849	5,488	For
HARDING LOEVNER FUNDS INC	2,612,168	0	For
Korea Investment CORP	2,122,752	0	For
Natixis	0	1,824,091	Against
JARISLOWSKY, FRASER Ltd	1,654,903	1,300	For
Northern Trust	1,651,100	0	For
RAYMOND JAMES & ASSOCIATES	0	1,260,789	Against
ENVESTNET ASSET MANAGEMENT INC	0	1,069,008	Against
FIRST MANHATTAN CO. LLC.	943,953	0	For
John Hancock	855,507	57,592	For
BRISTOL JOHN W & CO INC /NY/	698,456	0	For
PNC BANK, NATIONAL ASSOCIATION	3,558	686,730	Against
BAILLIE GIFFORD & CO LTD	0	595,353	Against
Jackson National	487,512	81,487	For
Corient Private Wealth LLC	484,781	50,346	For
SCOTIA CAPITAL INC.	451,348	0	For
Baird	422,856	0	For
Destination Wealth Management	0	375,633	Against

Showing the 25 largest of 437 asset managers. See all 437 in the interactive database.

2. Approve Remuneration Report

COMPENSATION

Meeting held 2025-04-16; no official results are on file for this meeting.

72% fund support · no official result

FOR 72%AGAINST 28%

The 111 asset managers below cast 72% of the shares they voted on this item FOR (208,358,369 for, 82,151,118 against).

FOR: 208,358,369 (71.6%)AGAINST: 82,151,118 (28.2%)ABSTAIN: 31,590 (0.0%)NOT VOTED: 349,993 (0.1%)

Largest asset managers voting on “Approve Remuneration Report” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	8,870,642	61,840,540	Against
MFS	24,229,512	0	For
JPMorgan	19,205,724	0	For
EUPAC FUND	6,553,418	6,537,473	For
TIAA	9,443,379	0	For
APG Asset Management US Inc.	0	7,488,422	Against
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	0	4,537,237	Against
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,634,984	70,786	For
INTERNATIONAL GROWTH & INCOME FUND	772,958	878,862	Against
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Desjardins Global Asset Management Inc.	1,258,650	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For

Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.

3. Approve Remuneration of Executive Committee in the Amount of CHF 70 Million

COMPENSATION

Meeting held 2025-04-16; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 108 asset managers below cast 99.9% of the shares they voted on this item FOR (269,930,660 for, 112,464 against).

FOR: 269,930,660 (99.9%)AGAINST: 112,464 (0.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 70 Million” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
APG Asset Management US Inc.	7,488,422	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For

Showing the 25 largest of 108 asset managers. See all 108 in the interactive database.

4. Approve Remuneration of Directors in the Amount of CHF 10 Million

COMPENSATION

Meeting held 2025-04-16; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (262,442,238 for, 112,464 against).

FOR: 262,442,238 (99.9%)AGAINST: 112,464 (0.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 10 Million” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

5. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

6. Approve Allocation of Income and Dividends of CHF 3.05 per Share

CAPITAL STRUCTURE

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.05 per Share” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

7. Approve CHF 4.3 Million Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Repurchased Shares

CAPITAL STRUCTURE

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Approve CHF 4.3 Million Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Re” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

8. Approve Discharge of Board and Senior Management

CORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Approve Discharge of Board and Senior Management” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

9. Approve Non-Financial Report

CORPORATE GOVERNANCEENVIRONMENT OR CLIMATEHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEDIVERSITY, EQUITY, AND INCLUSION

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.2%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (260,336,950 for, 0 against).

FOR: 260,336,950 (99.3%)ABSTAIN: 1,866,800 (0.7%)

Largest asset managers voting on “Approve Non-Financial Report” at Nestle SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	1,627,609	0	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	0	1,155,093	Abstain
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	914,226	31,680	For
Northern Trust	894,197	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

10. Designate Hartmann Dreyer as Independent Proxy

CORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Designate Hartmann Dreyer as Independent Proxy” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

11. Elect Laurent Freixe as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.8% fund support · no official result

FOR 99.8%

The 106 asset managers below cast 99.8% of the shares they voted on this item FOR (261,757,598 for, 414,562 against).

FOR: 261,757,598 (99.8%)AGAINST: 414,562 (0.2%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Elect Laurent Freixe as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

12. Ratify Ernst & Young AG as Auditors

AUDIT-RELATED

Meeting held 2025-04-16; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 99.9% of the shares they voted on this item FOR (262,171,932 for, 228 against).

FOR: 262,171,932 (100.0%)AGAINST: 228 (0.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Ratify Ernst & Young AG as Auditors” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

13. Reappoint Dick Boer as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 106 asset managers below cast 99.7% of the shares they voted on this item FOR (261,543,475 for, 650,934 against).

FOR: 261,543,475 (99.7%)AGAINST: 650,934 (0.2%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reappoint Dick Boer as Member of the Compensation Committee” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	894,197	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

14. Reappoint Dinesh Paliwal as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 106 asset managers below cast 99.6% of the shares they voted on this item FOR (261,323,374 for, 871,035 against).

FOR: 261,323,374 (99.7%)AGAINST: 871,035 (0.3%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reappoint Dinesh Paliwal as Member of the Compensation Committee” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	886,877	7,320	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

15. Reappoint Pablo Isla as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

99.3% fund support · no official result

FOR 99%

The 106 asset managers below cast 99.3% of the shares they voted on this item FOR (259,502,673 for, 1,603,528 against).

FOR: 259,502,673 (99.0%)AGAINST: 1,603,528 (0.6%)ABSTAIN: 1,119,798 (0.4%)

Largest asset managers voting on “Reappoint Pablo Isla as Member of the Compensation Committee” at Nestle SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	78,372,545	0	0	For
Capital Group	70,711,182	0	0	For
MFS	24,229,512	0	0	For
EUPAC FUND	13,090,891	0	0	For
TIAA	9,443,379	0	0	For
FIRST EAGLE FUNDS	7,075,345	0	0	For
T. Rowe Price	6,968,280	0	0	For
Legg Mason	4,849,523	0	0	For
State Street	4,590,268	0	0	For
Dimensional	4,537,237	0	0	For
Goldman Sachs	4,205,296	0	0	For
Franklin Custodian Funds	4,000,000	0	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	0	For
GMO	1,964,522	0	0	For
JANUS INVESTMENT FUND	1,911,464	0	0	For
Lincoln Financial	1,705,770	0	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	0	For
Fidelity	976,675	650,934	0	For
DWS	1,467,399	0	0	For
Equitable	1,219,025	0	0	For
Thornburg	1,155,093	0	0	For
Columbia Threadneedle	0	0	1,088,208	Abstain
Transamerica	950,084	0	0	For
Brighthouse	945,906	0	0	For
Northern Trust	886,877	7,320	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

16. Reappoint Patrick Aebischer as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 106 asset managers below cast 99.7% of the shares they voted on this item FOR (261,543,475 for, 650,934 against).

FOR: 261,543,475 (99.7%)AGAINST: 650,934 (0.2%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reappoint Patrick Aebischer as Member of the Compensation Committee” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	894,197	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

17. Reelect Chris Leong as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Chris Leong as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

18. Reelect Dick Boer as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 106 asset managers below cast 99.7% of the shares they voted on this item FOR (261,521,226 for, 650,934 against).

FOR: 261,521,226 (99.7%)AGAINST: 650,934 (0.2%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Dick Boer as Director” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	894,197	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

19. Reelect Dinesh Paliwal as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 106 asset managers below cast 99.6% of the shares they voted on this item FOR (261,301,353 for, 870,807 against).

FOR: 261,301,353 (99.7%)AGAINST: 870,807 (0.3%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Dinesh Paliwal as Director” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	886,877	7,320	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

20. Reelect Geraldine Matchett as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Geraldine Matchett as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

21. Reelect Hanne Jimenez de Mora as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Hanne Jimenez de Mora as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

22. Reelect Lindiwe Sibanda as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Lindiwe Sibanda as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

23. Reelect Luca Maestri as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Luca Maestri as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

24. Reelect Marie-Gabrielle Ineichen-Fleisch as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 99.9% of the shares they voted on this item FOR (261,952,287 for, 219,873 against).

FOR: 261,952,287 (99.9%)AGAINST: 219,873 (0.1%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Marie-Gabrielle Ineichen-Fleisch as Director” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	1,627,609	0	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	886,877	7,320	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

25. Reelect Pablo Isla as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.3% fund support · no official result

FOR 99%

The 106 asset managers below cast 99.3% of the shares they voted on this item FOR (259,480,652 for, 1,603,300 against).

FOR: 259,480,652 (99.0%)AGAINST: 1,603,300 (0.6%)ABSTAIN: 1,119,798 (0.4%)

Largest asset managers voting on “Reelect Pablo Isla as Director” at Nestle SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	78,372,545	0	0	For
Capital Group	70,711,182	0	0	For
MFS	24,229,512	0	0	For
EUPAC FUND	13,090,891	0	0	For
TIAA	9,443,379	0	0	For
FIRST EAGLE FUNDS	7,075,345	0	0	For
T. Rowe Price	6,968,280	0	0	For
Legg Mason	4,849,523	0	0	For
State Street	4,590,268	0	0	For
Dimensional	4,537,237	0	0	For
Goldman Sachs	4,205,296	0	0	For
Franklin Custodian Funds	4,000,000	0	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	0	For
GMO	1,964,522	0	0	For
JANUS INVESTMENT FUND	1,911,464	0	0	For
Lincoln Financial	1,705,770	0	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	0	For
Fidelity	976,675	650,934	0	For
DWS	1,467,399	0	0	For
Equitable	1,219,025	0	0	For
Thornburg	1,155,093	0	0	For
Columbia Threadneedle	0	0	1,088,208	Abstain
Transamerica	950,084	0	0	For
Brighthouse	945,906	0	0	For
Northern Trust	886,877	7,320	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

26. Reelect Patrick Aebischer as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 106 asset managers below cast 99.7% of the shares they voted on this item FOR (261,521,226 for, 650,934 against).

FOR: 261,521,226 (99.7%)AGAINST: 650,934 (0.2%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Patrick Aebischer as Director” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	78,372,545	0	For
Capital Group	70,711,182	0	For
MFS	24,229,512	0	For
EUPAC FUND	13,090,891	0	For
TIAA	9,443,379	0	For
FIRST EAGLE FUNDS	7,075,345	0	For
T. Rowe Price	6,968,280	0	For
Legg Mason	4,849,523	0	For
State Street	4,590,268	0	For
Dimensional	4,537,237	0	For
Goldman Sachs	4,205,296	0	For
Franklin Custodian Funds	4,000,000	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	For
GMO	1,964,522	0	For
JANUS INVESTMENT FUND	1,911,464	0	For
Lincoln Financial	1,705,770	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	0	For
Fidelity	976,675	650,934	For
DWS	1,467,399	0	For
Equitable	1,219,025	0	For
Thornburg	1,155,093	0	For
Columbia Threadneedle	1,088,208	0	For
Transamerica	950,084	0	For
Brighthouse	945,906	0	For
Northern Trust	894,197	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

27. Reelect Paul Bulcke as Director and Board Chair

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

98% fund support · no official result

FOR 72%ABSTAIN 26%

The 106 asset managers below cast 98% of the shares they voted on this item FOR (189,439,411 for, 3,475,874 against).

FOR: 189,439,411 (72.2%)AGAINST: 3,475,874 (1.3%)ABSTAIN: 69,288,465 (26.4%)

Largest asset managers voting on “Reelect Paul Bulcke as Director and Board Chair” at Nestle SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	78,372,545	0	0	For
Capital Group	8,870,642	0	61,840,540	Abstain
MFS	24,229,512	0	0	For
EUPAC FUND	6,553,418	0	6,537,473	For
TIAA	9,443,379	0	0	For
FIRST EAGLE FUNDS	7,075,345	0	0	For
T. Rowe Price	6,968,280	0	0	For
Legg Mason	4,849,523	0	0	For
State Street	4,590,268	0	0	For
Dimensional	4,537,237	0	0	For
Goldman Sachs	4,205,296	0	0	For
Franklin Custodian Funds	4,000,000	0	0	For
TWEEDY, BROWNE FUND INC.	2,130,019	0	0	For
GMO	1,964,522	0	0	For
JANUS INVESTMENT FUND	1,911,464	0	0	For
Lincoln Financial	1,705,770	0	0	For
INTERNATIONAL GROWTH & INCOME FUND	772,958	0	878,862	Abstain
Fidelity	1,627,609	0	0	For
DWS	1,467,399	0	0	For
Equitable	1,219,025	0	0	For
Thornburg	1,155,093	0	0	For
Columbia Threadneedle	1,041,747	46,461	0	For
Transamerica	950,084	0	0	For
Brighthouse	945,906	0	0	For
Northern Trust	0	894,197	0	Against

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

28. Reelect Rainer Blair as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Rainer Blair as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

29. Reelect Renato Fassbind as Director

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (262,172,160 for, 0 against).

FOR: 262,172,160 (100.0%)ABSTAIN: 31,590 (0.0%)

Largest asset managers voting on “Reelect Renato Fassbind as Director” at Nestle SA, 2024-2025
Asset manager	For	Vote
Vanguard	78,372,545	For
Capital Group	70,711,182	For
MFS	24,229,512	For
EUPAC FUND	13,090,891	For
TIAA	9,443,379	For
FIRST EAGLE FUNDS	7,075,345	For
T. Rowe Price	6,968,280	For
Legg Mason	4,849,523	For
State Street	4,590,268	For
Dimensional	4,537,237	For
Goldman Sachs	4,205,296	For
Franklin Custodian Funds	4,000,000	For
TWEEDY, BROWNE FUND INC.	2,130,019	For
GMO	1,964,522	For
JANUS INVESTMENT FUND	1,911,464	For
Lincoln Financial	1,705,770	For
INTERNATIONAL GROWTH & INCOME FUND	1,651,820	For
Fidelity	1,627,609	For
DWS	1,467,399	For
Equitable	1,219,025	For
Thornburg	1,155,093	For
Columbia Threadneedle	1,088,208	For
Transamerica	950,084	For
Brighthouse	945,906	For
Northern Trust	894,197	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

30. Transact Other Business (Voting)

CORPORATE GOVERNANCE

Meeting held 2025-04-16; no official results are on file for this meeting.

2% fund support · no official result

AGAINST 98%

The 104 asset managers below cast 2% of the shares they voted on this item FOR (4,194,859 for, 257,131,868 against).

FOR: 4,194,859 (1.6%)AGAINST: 257,131,868 (98.1%)ABSTAIN: 862,376 (0.3%)

Largest asset managers voting on “Transact Other Business (Voting)” at Nestle SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	0	78,372,545	0	Against
Capital Group	0	70,711,182	0	Against
MFS	0	24,229,512	0	Against
EUPAC FUND	0	13,090,891	0	Against
TIAA	0	9,443,379	0	Against
FIRST EAGLE FUNDS	0	7,075,345	0	Against
T. Rowe Price	0	6,968,280	0	Against
Legg Mason	4,194,859	654,664	0	For
State Street	0	4,590,268	0	Against
Dimensional	0	4,537,237	0	Against
Goldman Sachs	0	4,205,296	0	Against
Franklin Custodian Funds	0	4,000,000	0	Against
TWEEDY, BROWNE FUND INC.	0	2,130,019	0	Against
GMO	0	1,964,522	0	Against
JANUS INVESTMENT FUND	0	1,911,464	0	Against
Lincoln Financial	0	1,705,770	0	Against
INTERNATIONAL GROWTH & INCOME FUND	0	1,651,820	0	Against
Fidelity	0	1,627,609	0	Against
DWS	0	1,467,399	0	Against
Equitable	0	697,922	521,103	Against
Thornburg	0	1,155,093	0	Against
Columbia Threadneedle	0	1,088,208	0	Against
Transamerica	0	950,084	0	Against
Brighthouse	0	945,906	0	Against
Northern Trust	0	894,197	0	Against

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

31. 5B. Approval of the compensation of the Executive Board

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 61 asset managers below cast 99.9% of the shares they voted on this item FOR (89,977,326 for, 63,455 against).

FOR: 89,977,326 (99.9%)AGAINST: 63,455 (0.1%)UNKNOWN: 2,072 (0.0%)

Largest asset managers voting on “5B. Approval of the compensation of the Executive Board” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	48,540,913	0	For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	15,792,032	0	For
Six Circles Trust	12,698,044	0	For
JPMorgan	3,627,954	0	For
Bridge Builder Trust	2,919,919	0	For
HARDING LOEVNER FUNDS INC	2,612,168	0	For
John Hancock	913,099	0	For
Jackson National	568,999	0	For
Janney Montgomery Scott LLC	463,887	0	For
GENERAL AMERICAN INVESTORS CO INC	325,000	0	For
SOUND SHORE FUND INC	246,575	0	For
Allianz	219,637	0	For
MASTER INVESTMENT PORTFOLIO	215,561	0	For
Harbor ETF Trust	151,291	0	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	0	For
EXENCIAL WEALTH ADVISORS, LLC	75,421	0	For
TOUCHSTONE STRATEGIC TRUST	72,430	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	54,524	0	For
CULLEN FUNDS TRUST	50,617	0	For
Listed Funds Trust	41,883	0	For
apricus wealth, LLC	0	35,943	Against
MUTUAL FUND SERIES TRUST	28,000	0	For
Calamos	26,400	0	For
Rodgers Brothers Inc.	0	25,887	Against
CARILLON SERIES TRUST	22,113	0	For

Showing the 25 largest of 61 asset managers. See all 61 in the interactive database.

32. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: CHRIS LEONG

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: CHRIS LEONG” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

33. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DICK BOER

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 99.9% of the shares they voted on this item FOR (73,782,493 for, 35,943 against).

FOR: 73,782,493 (85.1%)AGAINST: 35,943 (0.0%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 2,072 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DICK BOER” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	48,540,913	0	For
Six Circles Trust	12,698,044	0	For
Charles Schwab	0	0	Not Voted
JPMorgan	3,627,954	0	For
Vanguard	0	0	Not Voted
Bridge Builder Trust	2,919,919	0	For
HARDING LOEVNER FUNDS INC	2,612,168	0	For
John Hancock	913,099	0	For
Jackson National	568,999	0	For
Russell Investments	0	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	0	For
SEI	0	0	Not Voted
Brighthouse	207,617	0	For
Allianz	219,637	0	For
MASTER INVESTMENT PORTFOLIO	215,561	0	For
Federated Hermes	191,295	0	For
Harbor ETF Trust	151,291	0	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	0	For
Hartford	2,149	0	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	0	For
Nationwide	40,482	0	For
CULLEN FUNDS TRUST	50,617	0	For
Listed Funds Trust	41,883	0	For
apricus wealth, LLC	0	35,943	Against
MUTUAL FUND SERIES TRUST	28,000	0	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

34. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DINESH PALIWAL

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 99.9% of the shares they voted on this item FOR (73,782,493 for, 35,943 against).

FOR: 73,782,493 (85.1%)AGAINST: 35,943 (0.0%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 2,072 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DINESH PALIWAL” at Nestle SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	48,540,913	0	For
Six Circles Trust	12,698,044	0	For
Charles Schwab	0	0	Not Voted
JPMorgan	3,627,954	0	For
Vanguard	0	0	Not Voted
Bridge Builder Trust	2,919,919	0	For
HARDING LOEVNER FUNDS INC	2,612,168	0	For
John Hancock	913,099	0	For
Jackson National	568,999	0	For
Russell Investments	0	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	0	For
SEI	0	0	Not Voted
Brighthouse	207,617	0	For
Allianz	219,637	0	For
MASTER INVESTMENT PORTFOLIO	215,561	0	For
Federated Hermes	191,295	0	For
Harbor ETF Trust	151,291	0	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	0	For
Hartford	2,149	0	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	0	For
Nationwide	40,482	0	For
CULLEN FUNDS TRUST	50,617	0	For
Listed Funds Trust	41,883	0	For
apricus wealth, LLC	0	35,943	Against
MUTUAL FUND SERIES TRUST	28,000	0	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

35. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: GERALDINE MATCHETT

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: GERALDINE MATCHETT” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

36. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: HANNE JIMENEZ DE MORA

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: HANNE JIMENEZ DE MORA” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

37. ELECTION TO THE BOARD OF DIRECTORS: LAURENT FREIXE

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “ELECTION TO THE BOARD OF DIRECTORS: LAURENT FREIXE” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

38. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LINDIWE MAJELE SIBANDA

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LINDIWE MAJELE SIBANDA” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

39. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LUCA MAESTRI

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LUCA MAESTRI” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

40. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: MARIE-GABRIELLE INEICHEN-FLEISCH

DIRECTOR ELECTIONS

Meeting held 2025-04-16; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 85%NOT VOTED 15%

The 59 asset managers below cast 100% of the shares they voted on this item FOR (73,818,636 for, 0 against).

FOR: 73,818,636 (85.1%)NOT VOTED: 12,884,189 (14.9%)UNKNOWN: 1,872 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: MARIE-GABRIELLE INEICHEN-FLEISCH” at Nestle SA, 2024-2025
Asset manager	For	Vote
BlackRock	48,540,913	For
Six Circles Trust	12,698,044	For
Charles Schwab	0	Not Voted
JPMorgan	3,627,954	For
Vanguard	0	Not Voted
Bridge Builder Trust	2,919,919	For
HARDING LOEVNER FUNDS INC	2,612,168	For
John Hancock	913,099	For
Jackson National	568,999	For
Russell Investments	0	Not Voted
GENERAL AMERICAN INVESTORS CO INC	325,000	For
SEI	0	Not Voted
Brighthouse	207,617	For
Allianz	219,637	For
MASTER INVESTMENT PORTFOLIO	215,561	For
Federated Hermes	191,295	For
Harbor ETF Trust	151,291	For
TRUST FOR PROFESSIONAL MANAGERS	118,075	For
Hartford	2,149	Not Voted
TOUCHSTONE STRATEGIC TRUST	72,430	For
Nationwide	40,482	For
CULLEN FUNDS TRUST	50,617	For
Listed Funds Trust	41,883	For
apricus wealth, LLC	35,943	For
MUTUAL FUND SERIES TRUST	28,000	For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 98 in total. View every item.

Largest Nestle SA shareholders voting in 2024-2025

Ranked by the number of Nestle SA shares each manager voted on the most widely held ballot item of the 2024-2025 meeting.

Top Nestle SA shareholders by shares voted, 2024-2025
#	Asset manager	Shares voted
1	BlackRock	145,520,974
2	STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	14,934,532
3	Six Circles Trust	12,698,044
4	GARDNER RUSSO & QUINN LLC	5,887,456
5	JPMorgan	3,633,688
6	1832 Asset Management L.P.	3,593,841
7	Bridge Builder Trust	2,919,919
8	HARDING LOEVNER LP	2,744,337
9	HARDING LOEVNER FUNDS INC	2,612,168
10	Korea Investment CORP	2,122,752

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Nestle SA for the 2024-2025 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 02 October 2026; a live search always shows the current data.

At Nestle SA's shareholder meeting held 2025-04-16, in the 2024-2025 proxy season, 593 asset managers reported how they voted in their SEC Form N-PX filings, covering 16,832 separate fund positions. Their filings are grouped here into 98 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 — Acceptance of the Compensation Report 2024 (advisory vote) — the reporting funds cast 96% 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.

Nestle SA proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.