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Home › Companies › TRANSALTA CORP. › 2024-2025

TRANSALTA CORP. 2024-2025 Proxy Voting Records

At TRANSALTA CORP.'s shareholder meeting held April 24, 2025, in the 2024-2025 proxy season, 79 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,006 separate fund positions. Their filings are grouped here into 22 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 — Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as… — the reporting funds and managers cast 100% 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.

  • 22Reported items
  • 79Asset managers
  • 1,006Fund votes
  • April 24, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from TRANSALTA CORP. 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 TRANSALTA CORP. in the interactive database Compare manager voting policies

How asset managers voted at the TRANSALTA CORP. 2024-2025 meeting

Each item below shows how the 79 asset managers that disclosed a TRANSALTA CORP. 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 TRANSALTA CORP.’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. ELECTION OF DIRECTOR: ALAN J. FOHRER

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: ALAN J. FOHRER” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

2. ELECTION OF DIRECTOR: BRIAN BAKER

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: BRIAN BAKER” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

3. ELECTION OF DIRECTOR: BRYAN D. PINNEY

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: BRYAN D. PINNEY” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

4. Elect Director Candace J. MacGibbon

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “Elect Director Candace J. MacGibbon” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

5. ELECTION OF DIRECTOR: JAMES REID

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: JAMES REID” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

6. ELECTION OF DIRECTOR: JOHN H. KOUSINIORIS

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: JOHN H. KOUSINIORIS” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

7. ELECTION OF DIRECTOR: JOHN P. DIELWART

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: JOHN P. DIELWART” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

8. ELECTION OF DIRECTOR: LAURA W. FOLSE

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: LAURA W. FOLSE” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

9. ELECTION OF DIRECTOR: MANJIT K. SHARMA

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,506,753 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: 18,506,753
Largest asset managers voting on “ELECTION OF DIRECTOR: MANJIT K. SHARMA” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

10. ELECTION OF DIRECTOR: SANDRA R. SHARMAN

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.1% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 18,355,226 for, 151,527 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: 18,355,226AGAINST: 151,527
Largest asset managers voting on “ELECTION OF DIRECTOR: SANDRA R. SHARMAN” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers0151,527 00Against
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

11. ELECTION OF DIRECTOR: THOMAS M. O'FLYNN

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

92% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 16,944,421 for, 1,562,332 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: 16,944,421AGAINST: 1,562,332
Largest asset managers voting on “ELECTION OF DIRECTOR: THOMAS M. O'FLYNN” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity126,0181,410,805 00Mixed
Charles Schwab989,9420 00For
BlackRock712,6480 00For
State Street672,7590 00For
SEI222,2580 00For
TIAA170,2690 00For
Cohen & Steers0151,527 00Against
NEW ALTERNATIVES FUND100,0000 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
VanEck ETF Trust35,1000 00For
John Hancock30,9730 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
TIFF INVESTMENT PROGRAM24,6000 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Allianz9,7920 00For
Northern Trust6,6340 00For
Jackson National4,7790 00For
M FUND INC4,5570 00For

Showing the 25 largest of 27 asset managers. All 27 are in the interactive database (link above).

12. Re-approve Shareholder Rights Plan

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 16,332,006 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: 16,332,006
Largest asset managers voting on “Re-approve Shareholder Rights Plan” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
State Street672,7590 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Northern Trust6,6340 00For
M FUND INC4,5570 00For
PIMCO2,0260 00For
Lattice Strategies Trust3010 00For

13. Confirm and approve the continuation of the amended and restated shareholder rights plan, as described in the…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 7 asset managers

Description as filed by funds: CONFIRM AND APPROVE THE CONTINUATION OF THE AMENDED AND RESTATED SHAREHOLDER RIGHTS PLAN, AS DESCRIBED IN THE MANAGEMENT PROXY CIRCULAR

The 7 asset managers below reported 927,447 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: 927,447
Largest asset managers voting on “CONFIRM AND APPROVE THE CONTINUATION OF THE AMENDED AND RESTATED SHAREHOLDER RIGHTS PLAN, AS DESCRIBED IN THE ” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock712,6480 00For
NEW ALTERNATIVES FUND100,0000 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
John Hancock30,9730 00For
TIFF INVESTMENT PROGRAM24,6000 00For
Allianz9,7920 00For
Jackson National4,7790 00For

14. Shareholder Rights Plan Renewal

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

100% of fund votes cast · no official result

FOR
Details: votes by 3 asset managers

The 3 asset managers below reported 1,247,300 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: 1,247,300
Largest asset managers voting on “Shareholder Rights Plan Renewal” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab989,9420 00For
SEI222,2580 00For
VanEck ETF Trust35,1000 00For

15. Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as described in the Management…

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

Combines 4 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 45 asset managers

Description as filed by funds: Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as described in the Management Proxy Circular.

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: 3 asset managers voting on “Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as described in the Mana” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock712,6480 00For
TIFF INVESTMENT PROGRAM24,6000 00For
Jackson National4,7790 00For

Fund voting reports, all 3 managers: 742,027 for.

Institutional-manager reports: 42 asset managers voting on “Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as described in the Mana” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BROOKFIELD Corp /ON/26,923,3450 00For
Rubric Capital Management LP8,197,4820 00For
BlackRock7,128,3420 00For
Yaupon Capital Management LP1,857,7810 00For
Webs Creek Capital Management LP1,380,0450 00For
Valiant Capital Management, L.P.960,0920 00For
Beryl Capital Management LLC920,2380 00For
FIRST MANHATTAN CO. LLC.870,0110 00For
ARDSLEY ADVISORY PARTNERS LP480,0000 00For
SCOTIA CAPITAL INC.322,6150 00For
NATIONAL BANK TRUST INC.307,9560 00For
J. Goldman & Co LP258,3980 00For
Tacita Capital Inc196,7050 00For
SONA ASSET MANAGEMENT (US) LLC192,0000 00For
NewGen Asset Management Ltd75,4000 00For
Northern Trust69,0220 00For
1832 Asset Management L.P.49,2630 00For
Clear Harbor Asset Management, LLC40,2500 00For
S&CO INC11,9920 00For
Paloma Partners Management Co8,0000 00For
Savant Capital, LLC2,9790 00For
JARISLOWSKY, FRASER Ltd2,0000 00For
First Trust1,1390 00For
One Capital Management, LLC1,0290 00For
Fiera Capital Corp3980 00For

Institutional-manager reports, all 42 managers: 50,258,940 for. Showing the 25 largest; every one is in the interactive database (link above).

16. Advisory Vote on Executive Compensation Approach

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

FOR
Details: votes by 20 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: 17 asset managers voting on “Advisory Vote on Executive Compensation Approach” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
State Street672,7590 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Northern Trust6,6340 00For
M FUND INC4,5570 00For
PIMCO2,0260 00For
Lattice Strategies Trust3010 00For

Fund voting reports, all 17 managers: 16,332,006 for.

Institutional-manager reports: 3 asset managers voting on “Advisory Vote on Executive Compensation Approach” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Palo Duro Investment Partners, LP447,3160 00For
Desjardins Global Asset Management Inc.136,6440 00For
MILLER HOWARD INVESTMENTS INC /NY1420 00For

Institutional-manager reports, all 3 managers: 584,102 for.

17. Advisory vote to accept the company's approach to executive compensation, as described in the management proxy circular

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

Combines 3 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 9 asset managers

Description as filed by funds: ADVISORY VOTE TO ACCEPT THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION, AS DESCRIBED IN THE MANAGEMENT PROXY CIRCULAR

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: 4 asset managers voting on “ADVISORY VOTE TO ACCEPT THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION, AS DESCRIBED IN THE MANAGEMENT PROXY” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
NEW ALTERNATIVES FUND100,0000 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
John Hancock30,9730 00For
Allianz9,7920 00For

Fund voting reports, all 4 managers: 185,420 for.

Institutional-manager reports: 4 asset managers voting on “ADVISORY VOTE TO ACCEPT THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION, AS DESCRIBED IN THE MANAGEMENT PROXY” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
OAKTREE CAPITAL MANAGEMENT LP1,472,9140 00For
BlackRock247,8290 00For
Northern Trust30,2260 00For
Janney Montgomery Scott LLC12,5740 00For

Institutional-manager reports, all 4 managers: 1,763,543 for.

18. Advisory Vote to Ratify Named Executive Officers' Compensation

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: votes by 8 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: 3 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab989,9420 00For
SEI222,2580 00For
VanEck ETF Trust35,1000 00For

Fund voting reports, all 3 managers: 1,247,300 for.

Institutional-manager reports: 5 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
TD ASSET MANAGEMENT INC2,290,3930 00For
Rokos Capital Management LLP452,4150 00For
LOUISBOURG INVESTMENTS INC.267,1000 00For
TD Waterhouse Canada Inc.69,0570 00For
Regime de rentes du Mouvement Desjardins48,4000 00For

Institutional-manager reports, all 5 managers: 3,127,365 for.

19. Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 16,332,006 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: 16,332,006
Largest asset managers voting on “Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,716,5470 00For
American Century3,689,6720 00For
Dimensional3,140,3420 00For
Fidelity1,536,8230 00For
State Street672,7590 00For
TIAA170,2690 00For
Cohen & Steers151,5270 00For
AIG/SunAmerica98,1420 00For
Brighthouse58,7780 00For
Virtus28,4780 00For
Lincoln Financial25,4980 00For
FIRST EAGLE FUNDS19,2530 00For
Lazard10,4000 00For
Northern Trust6,6340 00For
M FUND INC4,5570 00For
PIMCO2,0260 00For
Lattice Strategies Trust3010 00For

20. Appointment of Ernst and Young LLP as auditors of the company and authorize the directors to fix their remuneration

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 4 asset managers

Description as filed by funds: APPOINTMENT OF ERNST AND YOUNG LLP AS AUDITORS OF THE COMPANY AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION

The 4 asset managers below reported 185,420 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: 185,420
Largest asset managers voting on “APPOINTMENT OF ERNST AND YOUNG LLP AS AUDITORS OF THE COMPANY AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNER” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
NEW ALTERNATIVES FUND100,0000 00For
TRUST FOR PROFESSIONAL MANAGERS44,6550 00For
John Hancock30,9730 00For
Allianz9,7920 00For

21. Appointment of Ernst & Young LLP as auditors of the Company and authorize the directors to fix their remuneration.

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: votes by 4 asset managers

The 4 asset managers below reported 742,027 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: 742,027
Largest asset managers voting on “Appointment of Ernst & Young LLP as auditors of the Company and authorize the directors to fix their remunerat” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock712,6480 00For
TIFF INVESTMENT PROGRAM24,6000 00For
Jackson National4,7790 00For
Echo45 Advisors LLC00 00--

22. Appointment of Auditor and Authority to Set Fees

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 3 asset managers

The 3 asset managers below reported 1,247,300 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: 1,247,300
Largest asset managers voting on “Appointment of Auditor and Authority to Set Fees” at TRANSALTA CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab989,9420 00For
SEI222,2580 00For
VanEck ETF Trust35,1000 00For

Largest TRANSALTA CORP. shareholders voting in 2024-2025

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, shown as a share of the 297,483,681 shares outstanding at the time of that meeting.

Fund voting reports: top TRANSALTA CORP. shareholders by shares voted on “ELECTION OF DIRECTOR: ALAN J. FOHRER”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 2.26%
2American Century 1.24%
3Dimensional 1.06%
4Fidelity 0.52%
5Charles Schwab 0.33%
6BlackRock 0.24%
7State Street 0.23%
8SEI 0.07%
9TIAA 0.06%
10Cohen & Steers 0.05%
Institutional-manager reports: top TRANSALTA CORP. shareholders by shares voted on “Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as…”, 2024-2025
#Asset manager % of shares outstanding
1BROOKFIELD Corp /ON/ 9.05%
2Rubric Capital Management LP 2.76%
3BlackRock 2.40%
4Yaupon Capital Management LP 0.62%
5Webs Creek Capital Management LP 0.46%
6Valiant Capital Management, L.P. 0.32%
7Beryl Capital Management LLC 0.31%
8FIRST MANHATTAN CO. LLC. 0.29%
9ARDSLEY ADVISORY PARTNERS LP 0.16%
10SCOTIA CAPITAL INC. 0.11%

Reported TRANSALTA CORP. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

TRANSALTA CORP. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
BROOKFIELD Corp /ON/ 9.05% 13D
Royal Bank of Canada 7.72% 13G
Bank of Montreal 5.97% 13G
Millennium Management 5.53% 13F
Rubric Capital Management LP 5.36% 13G
BANK OF NOVA SCOTIA 4.66% 13G
FMR LLC 4.57% 13G
FMR (Fidelity) 4.54% 13F
Morgan Stanley 4.29% 13F
Vanguard Group 3.46% 13F

Percentages above are of 297,483,681 shares outstanding, as reported by TRANSALTA CORP. on its Form 40-F dated December 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

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. Shares outstanding are taken from TRANSALTA CORP.’s 40-F dated December 31, 2024. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

TRANSALTA CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “TRANSALTA (TAC) 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/transalta-corporation/2025 (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.