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Home › Companies › TERNA Rete Elettrica Nazionale SpA › 2025-2026

TERNA Rete Elettrica Nazionale SpA 2025-2026 Proxy Voting Records

At TERNA Rete Elettrica Nazionale SpA's shareholder meeting held May 12, 2026, in the 2025-2026 proxy season, 75 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,307 separate fund positions. Their filings are grouped here into 28 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 — Approve Second Section of the Remuneration Report — the reporting funds and managers cast 99.7% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 28Reported items
  • 75Asset managers
  • 3,307Fund votes
  • May 12, 2026Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from TERNA Rete Elettrica Nazionale SpA has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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

Explore TERNA Rete Elettrica Nazionale SpA in the interactive database Compare manager voting policies

How asset managers voted at the TERNA Rete Elettrica Nazionale SpA 2025-2026 meeting

Each item below shows how the 75 asset managers that disclosed a TERNA Rete Elettrica Nazionale SpA 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 TERNA Rete Elettrica Nazionale SpA’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. Elect Stefano Cuzzilla as Board Chair

No official resultsDIRECTOR ELECTIONSCOMPENSATION

98% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 129,668,358 for, 2,583,336 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 129,668,358AGAINST: 2,583,336
Largest asset managers voting on “Elect Stefano Cuzzilla as Board Chair” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock568,6652,583,336 00Mixed
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

2. Slate 1 Submitted by CDP Reti SpA

No official resultsDIRECTOR ELECTIONS

50.5% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 132,044,584 for, 129,668,358 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,044,584AGAINST: 129,668,358
Largest asset managers voting on “Slate 1 Submitted by CDP Reti SpA” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,31750,969,317 00Mixed
Vanguard43,764,20843,764,208 00Mixed
Fidelity10,592,74310,592,743 00Mixed
DWS4,642,0514,642,051 00Mixed
State Street2,903,7982,903,798 00Mixed
Northern Trust1,985,2871,985,287 00Mixed
BlackRock3,152,001568,665 00Mixed
TIAA1,456,7731,456,773 00Mixed
American Century1,396,7481,396,748 00Mixed
JPMorgan1,056,5811,056,581 00Mixed
Legg Mason1,026,7931,026,793 00Mixed
New York Life882,362882,362 00Mixed
PENN SERIES FUNDS INC758,313758,313 00Mixed
Invesco648,446648,446 00Mixed
RWC Asset Management LLP622,396622,396 00Mixed
WisdomTree527,925527,925 00Mixed
Goldman Sachs471,112471,112 00Mixed
Victory Capital466,226466,226 00Mixed
Dimensional463,730463,730 00Mixed
Voya441,929441,929 00Mixed
BOSTON TRUST WALDEN FUNDS406,000406,000 00Mixed
Perpetual Americas Funds Trust376,513376,513 00Mixed
Franklin Templeton368,035368,035 00Mixed
Equitable300,945300,945 00Mixed
PRAXIS FUNDS263,787263,787 00Mixed

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

3. Slate 2 Submitted by Institutional Investors (Assogestioni)

No official resultsDIRECTOR ELECTIONS

50.5% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 132,044,702 for, 129,461,248 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,044,702AGAINST: 129,461,248
Largest asset managers voting on “Slate 2 Submitted by Institutional Investors (Assogestioni)” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,31750,969,317 00Mixed
Vanguard43,764,20843,764,208 00Mixed
Fidelity10,592,74310,592,743 00Mixed
DWS4,642,0514,642,051 00Mixed
State Street2,903,7982,903,798 00Mixed
Northern Trust1,985,2871,985,287 00Mixed
BlackRock3,152,001568,665 00Mixed
TIAA1,456,7731,456,773 00Mixed
American Century1,396,7481,396,748 00Mixed
JPMorgan1,056,5811,056,581 00Mixed
Legg Mason1,026,7931,026,793 00Mixed
New York Life882,362882,362 00Mixed
PENN SERIES FUNDS INC758,313758,313 00Mixed
Invesco648,446648,446 00Mixed
RWC Asset Management LLP622,396622,396 00Mixed
WisdomTree527,925527,925 00Mixed
Goldman Sachs471,112471,112 00Mixed
Victory Capital466,226466,226 00Mixed
Dimensional463,730463,730 00Mixed
Voya441,929441,929 00Mixed
BOSTON TRUST WALDEN FUNDS406,000406,000 00Mixed
Perpetual Americas Funds Trust376,513376,513 00Mixed
Franklin Templeton368,035368,035 00Mixed
Equitable300,945300,945 00Mixed
PRAXIS FUNDS263,787263,787 00Mixed

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

4. Appointment of the chairman of the board of directors

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “APPOINTMENT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

5. Appointment of the members of the board of directors. list 2, represented by a group of shareholders collectively…

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF THE MEMBERS OF THE BOARD OF DIRECTORS. LIST 2, REPRESENTED BY A GROUP OF SHAREHOLDERS COLLECTIVELY HOLDING 1.63768PCT OF THE SHARE CAPITAL

The 10 asset managers below reported 35,941,801 for, 98,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 35,941,801ABSTAIN: 98,470
Largest asset managers voting on “APPOINTMENT OF THE MEMBERS OF THE BOARD OF DIRECTORS. LIST 2, REPRESENTED BY A GROUP OF SHAREHOLDERS COLLECTIV” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN00 98,4700Abstain
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For
Northern Lights Fund Trust IV00 00--

6. Determination of the number of members of the board of directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: DETERMINATION OF THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “DETERMINATION OF THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

7. Determination of the remuneration of the members of the board of directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: DETERMINATION OF THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “DETERMINATION OF THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

8. Appointment of the members of the board of directors. list 1, represented by CDP reti S.P.A., holder of 29.851PCT of…

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 2 asset managers

Description as filed by funds: APPOINTMENT OF THE MEMBERS OF THE BOARD OF DIRECTORS. LIST 1, REPRESENTED BY CDP RETI S.P.A., HOLDER OF 29.851PCT OF THE SHARE CAPITAL

The 2 asset managers below reported 332,366 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 332,366
Largest asset managers voting on “APPOINTMENT OF THE MEMBERS OF THE BOARD OF DIRECTORS. LIST 1, REPRESENTED BY CDP RETI S.P.A., HOLDER OF 29.851” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Northern Lights Fund Trust IV233,8960 00For
TIMOTHY PLAN98,4700 00For

9. Determination of the term of office of the board of directors

No official resultsCORPORATE GOVERNANCE

99.1% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: DETERMINATION OF THE TERM OF OFFICE OF THE BOARD OF DIRECTORS

The 10 asset managers below reported 35,960,831 for, 313,336 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 35,960,831AGAINST: 313,336
Largest asset managers voting on “DETERMINATION OF THE TERM OF OFFICE OF THE BOARD OF DIRECTORS” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.0313,336 00Against
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

10. Authorization for the purchase and disposal of treasury shares, subject to revocation of the authorization granted by…

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: AUTHORIZATION FOR THE PURCHASE AND DISPOSAL OF TREASURY SHARES, SUBJECT TO REVOCATION OF THE AUTHORIZATION GRANTED BY THE SHAREHOLDERS' MEETING OF MAY 21, 2025

The 11 asset managers below reported 37,554,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 37,554,167
Largest asset managers voting on “AUTHORIZATION FOR THE PURCHASE AND DISPOSAL OF TREASURY SHARES, SUBJECT TO REVOCATION OF THE AUTHORIZATION GRA” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
NEW ALTERNATIVES FUND1,280,0000 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

11. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 132,251,694 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,251,694
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

12. Approve Allocation of Income

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 132,251,694 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,251,694
Largest asset managers voting on “Approve Allocation of Income” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

13. Allocation of the net profit for the year

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: ALLOCATION OF THE NET PROFIT FOR THE YEAR

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “ALLOCATION OF THE NET PROFIT FOR THE YEAR” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

14. Approve Long-Term Incentive Plan Based on 2026-2030 Performance Shares

No official resultsSECTION 14A SAY-ON-PAY VOTES

99.7% of fund votes cast · no official result

FOR
Details: votes by 56 asset managers

The 56 asset managers below reported 131,885,651 for, 376,513 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 131,885,651AGAINST: 376,513
Largest asset managers voting on “Approve Long-Term Incentive Plan Based on 2026-2030 Performance Shares” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust0376,513 00Against
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 56 asset managers. All 56 are in the interactive database (link above).

15. Authorize Share Repurchase Program and Reissuance of Repurchased Shares to Service Incentive Plans

99.7% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 131,875,181 for, 376,513 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 131,875,181AGAINST: 376,513
Largest asset managers voting on “Authorize Share Repurchase Program and Reissuance of Repurchased Shares to Service Incentive Plans” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust0376,513 00Against
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

16. Long-term incentive plan based on performance shares 2026-2030 for the management of TERNA S.P.A. and/or companies…

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: LONG-TERM INCENTIVE PLAN BASED ON PERFORMANCE SHARES 2026-2030 FOR THE MANAGEMENT OF TERNA S.P.A. AND/OR COMPANIES CONTROLLED BY IT PURSUANT TO ART. 2359 OF THE CIVIL CODE

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “LONG-TERM INCENTIVE PLAN BASED ON PERFORMANCE SHARES 2026-2030 FOR THE MANAGEMENT OF TERNA S.P.A. AND/OR COMPA” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

17. Approve Second Section of the Remuneration Report

99.7% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 57 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 54 asset managers voting on “Approve Second Section of the Remuneration Report” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust0376,513 00Against
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For
Empower257,2870 00For

Fund voting reports, all 54 managers: 131,252,785 for, 376,513 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 5 asset managers voting on “Approve Second Section of the Remuneration Report” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock15,839,8910 00For
APG Asset Management US Inc.3,089,1650 00For
JPMorgan847,1150 00For
RWC Asset Management LLP622,3960 00For
WEXFORD CAPITAL LP31,2290 00For

Institutional-manager reports, all 5 managers: 20,429,796 for.

18. Approve Remuneration Policy

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

88% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 56 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 54 asset managers voting on “Approve Remuneration Policy” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock568,6652,583,336 00Mixed
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust0376,513 00Against
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For
Empower257,2870 00For

Fund voting reports, all 54 managers: 128,669,449 for, 2,959,849 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 3 asset managers voting on “Approve Remuneration Policy” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock014,391,551 00Against
RWC Asset Management LLP622,3960 00For
Ausbil Investment Management Ltd10,4700 00For

Institutional-manager reports, all 3 managers: 632,866 for, 14,391,551 against.

19. Report on the remuneration policy and the compensation…: report on the compensation paid (non- binding resolution)

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 20 asset managers

Description as filed by funds: REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: SECOND SECTION: REPORT ON THE COMPENSATION PAID (NON- BINDING RESOLUTION)

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 11 asset managers voting on “REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: SECOND SECTION: REPORT ON THE COMPENSATION PAID (” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
NEW ALTERNATIVES FUND1,280,0000 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

Fund voting reports, all 11 managers: 37,554,167 for.

Institutional-manager reports: 10 asset managers voting on “REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: SECOND SECTION: REPORT ON THE COMPENSATION PAID (” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock72,479,5690 00For
BAILLIE GIFFORD & CO LTD2,682,0880 00For
1832 Asset Management L.P.1,374,6970 00For
Vancity Investment Management Ltd1,028,6580 00For
Siemens Fonds Invest GmbH635,8360 00For
Northern Trust112,9030 00For
JPMorgan112,4440 00For
Korea Investment CORP86,2050 00For
NATIONAL BANK INVESTMENTS INC.20,0850 00For
O'SHAUGHNESSY ASSET MANAGEMENT, LLC5240 00For

Institutional-manager reports, all 10 managers: 78,533,009 for.

20. Report on the remuneration policy and the compensation paid…: report on the remuneration policy (binding resolution)

99.0% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: FIRST SECTION: REPORT ON THE REMUNERATION POLICY (BINDING RESOLUTION)

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 11 asset managers voting on “REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: FIRST SECTION: REPORT ON THE REMUNERATION POLICY ” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
NEW ALTERNATIVES FUND1,280,0000 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

Fund voting reports, all 11 managers: 37,554,167 for.

Institutional-manager reports: 2 asset managers voting on “REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: FIRST SECTION: REPORT ON THE REMUNERATION POLICY ” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock72,479,5690 00For
Vancity Investment Management Ltd01,028,658 00Against

Institutional-manager reports, all 2 managers: 72,479,569 for, 1,028,658 against.

21. Approve Internal Auditors' Remuneration

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 132,251,694 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,251,694
Largest asset managers voting on “Approve Internal Auditors' Remuneration” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

22. Annual financial report 2025 including the management report, containing the 2025 consolidated sustainability…

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: ANNUAL FINANCIAL REPORT 2025 INCLUDING THE MANAGEMENT REPORT, CONTAINING THE 2025 CONSOLIDATED SUSTAINABILITY REPORTING, THE CONSOLIDATED FINANCIAL STATEMENTS OF THE TERNA GROUP AS OF DECEMBER 31, 2025, AND THE DRAFT FINANCIAL STATEMENTS OF TERNA S.P.A., AS WELL AS THE REPORTS OF THE BOARD OF STATUTORY AUDITORS AND THE AUDITING FIRM

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “ANNUAL FINANCIAL REPORT 2025 INCLUDING THE MANAGEMENT REPORT, CONTAINING THE 2025 CONSOLIDATED SUSTAINABILITY ” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

23. Appointment of the board of statutory auditors and the chairman. list 1, represented by CDP reti S.P.A., holder of…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF THE BOARD OF STATUTORY AUDITORS AND THE CHAIRMAN. LIST 1, REPRESENTED BY CDP RETI S.P.A., HOLDER OF 29.851PCT OF THE SHARE CAPITAL

The 10 asset managers below reported 35,960,831 for, 313,336 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 35,960,831ABSTAIN: 313,336
Largest asset managers voting on “APPOINTMENT OF THE BOARD OF STATUTORY AUDITORS AND THE CHAIRMAN. LIST 1, REPRESENTED BY CDP RETI S.P.A., HOLDE” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.00 313,3360Abstain
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

24. Appointment of the board of statutory auditors and the chairman. list 2, represented by a group of shareholders…

No official resultsAUDIT-RELATED

0.9% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF THE BOARD OF STATUTORY AUDITORS AND THE CHAIRMAN. LIST 2, REPRESENTED BY A GROUP OF SHAREHOLDERS COLLECTIVELY HOLDING 1.63768PCT OF THE SHARE CAPITAL

The 10 asset managers below reported 313,336 for, 35,710,244 against, 250,587 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 313,336AGAINST: 35,710,244ABSTAIN: 250,587
Largest asset managers voting on “APPOINTMENT OF THE BOARD OF STATUTORY AUDITORS AND THE CHAIRMAN. LIST 2, REPRESENTED BY A GROUP OF SHAREHOLDER” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock031,410,923 00Against
Six Circles Trust02,426,749 00Against
John Hancock01,275,014 16,6910Against
MFG FUNDS, INC.313,3360 00For
Jackson National0270,423 00Against
Northern Lights Fund Trust IV00 233,8960Abstain
MASTER INVESTMENT PORTFOLIO0115,819 00Against
TIMOTHY PLAN098,470 00Against
Bridge Builder Trust082,993 00Against
RBC FUNDS TRUST029,853 00Against

25. Determination of the remuneration of the regular members of the board of statutory auditors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: DETERMINATION OF THE REMUNERATION OF THE REGULAR MEMBERS OF THE BOARD OF STATUTORY AUDITORS

The 10 asset managers below reported 36,274,167 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,274,167
Largest asset managers voting on “DETERMINATION OF THE REMUNERATION OF THE REGULAR MEMBERS OF THE BOARD OF STATUTORY AUDITORS” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,410,9230 00For
Six Circles Trust2,426,7490 00For
John Hancock1,291,7050 00For
MFG FUNDS, INC.313,3360 00For
Jackson National270,4230 00For
Northern Lights Fund Trust IV233,8960 00For
MASTER INVESTMENT PORTFOLIO115,8190 00For
TIMOTHY PLAN98,4700 00For
Bridge Builder Trust82,9930 00For
RBC FUNDS TRUST29,8530 00For

26. Approve Remuneration of Directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 132,251,694 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,251,694
Largest asset managers voting on “Approve Remuneration of Directors” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

27. Fix Board Terms for Directors

No official resultsCORPORATE GOVERNANCE

99.8% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 132,045,225 for, 206,469 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 132,045,225AGAINST: 206,469
Largest asset managers voting on “Fix Board Terms for Directors” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard50,969,3170 00For
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

28. Fix Number of Directors

No official resultsCORPORATE GOVERNANCE

61% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 81,282,377 for, 50,969,317 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 81,282,377AGAINST: 50,969,317
Largest asset managers voting on “Fix Number of Directors” at TERNA Rete Elettrica Nazionale SpA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lazard050,969,317 00Against
Vanguard43,764,2080 00For
Fidelity10,592,7430 00For
DWS4,642,0510 00For
BlackRock3,152,0010 00For
State Street2,903,7980 00For
Northern Trust1,985,2870 00For
TIAA1,456,7730 00For
American Century1,396,7480 00For
JPMorgan1,056,5810 00For
Legg Mason1,026,7930 00For
New York Life882,3620 00For
PENN SERIES FUNDS INC758,3130 00For
Invesco648,4460 00For
RWC Asset Management LLP622,3960 00For
WisdomTree527,9250 00For
Goldman Sachs471,1120 00For
Victory Capital466,2260 00For
Dimensional463,7300 00For
Voya441,9290 00For
BOSTON TRUST WALDEN FUNDS406,0000 00For
Perpetual Americas Funds Trust376,5130 00For
Franklin Templeton368,0350 00For
Equitable300,9450 00For
PRAXIS FUNDS263,7870 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

Largest TERNA Rete Elettrica Nazionale SpA shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top TERNA Rete Elettrica Nazionale SpA shareholders by shares voted on “Approve Second Section of the Remuneration Report”, 2025-2026
#Asset manager Shares voted
1Lazard 50,969,317
2Vanguard 43,764,208
3Fidelity 10,592,743
4DWS 4,642,051
5BlackRock 3,152,001
6State Street 2,903,798
7Northern Trust 1,985,287
8TIAA 1,456,773
9American Century 1,396,748
10JPMorgan 1,056,581
Institutional-manager reports: top TERNA Rete Elettrica Nazionale SpA shareholders by shares voted on “REPORT ON THE REMUNERATION POLICY AND THE COMPENSATION PAID: SECOND SECTION: REPORT ON THE…”, 2025-2026
#Asset manager Shares voted
1BlackRock 72,479,569
2BAILLIE GIFFORD & CO LTD 2,682,088
31832 Asset Management L.P. 1,374,697
4Vancity Investment Management Ltd 1,028,658
5Siemens Fonds Invest GmbH 635,836
6Northern Trust 112,903
7JPMorgan 112,444
8Korea Investment CORP 86,205
9NATIONAL BANK INVESTMENTS INC. 20,085
10O'SHAUGHNESSY ASSET MANAGEMENT, LLC 524

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

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 November 8, 2026; a live search always shows the current data.

TERNA Rete Elettrica Nazionale SpA proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “TERNA Rete Elettrica Nazionale SpA 2026 Annual Meeting: Vote Results”, https://proxyvotesnow.com/company/terna-rete-elettrica-nazionale-spa/2026 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.