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Home › Companies › TransAlta Corporation › 2025-2026

TransAlta Corporation 2025-2026 Proxy Voting Records

At TransAlta Corporation's shareholder meeting held April 30, 2026, in the 2025-2026 proxy season, 81 asset managers reported how they voted in their SEC Form N-PX filings, covering 784 separate fund positions. Their filings are grouped here into 18 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 99.9% 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.

  • 18Reported items
  • 81Asset managers
  • 784Fund votes
  • April 30, 2026Meeting date

Results at a glance

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

How asset managers voted at the TransAlta Corporation 2025-2026 meeting

Each item below shows how the 81 asset managers that disclosed a TransAlta Corporation 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 Corporation’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 DIRECTOR BRIAN A. BAKER

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

97% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 26,714,340 for, 916,651 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: 26,714,340AGAINST: 916,651
Largest asset managers voting on “ELECT DIRECTOR BRIAN A. BAKER” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab0872,910 00Against
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust043,741 00Against
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

2. ELECT DIRECTOR BRYAN D. PINNEY

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.2% of fund votes cast · no official result

FOR
Details: votes by 23 asset managers

The 23 asset managers below reported 27,418,008 for, 212,983 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: 27,418,008AGAINST: 212,983
Largest asset managers voting on “ELECT DIRECTOR BRYAN D. PINNEY” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA0212,983 00Against
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

3. ELECT 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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR JAMES REID” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

4. ELECT DIRECTOR JOEL E. HUNTER

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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR JOEL E. HUNTER” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

5. ELECT 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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR JOHN P. DIELWART” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

6. ELECT 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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR LAURA W. FOLSE” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

7. ELECT 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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR MANJIT K. SHARMA” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

8. ELECT DIRECTOR SANDRA R. SHARMAN

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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR SANDRA R. SHARMAN” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

9. ELECT DIRECTOR THOMAS M. O'FLYNN

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 23 asset managers

The 23 asset managers below reported 27,630,991 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: 27,630,991
Largest asset managers voting on “ELECT DIRECTOR THOMAS M. O'FLYNN” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
Charles Schwab872,9100 00For
BlackRock840,4080 00For
Amplify ETF Trust713,0570 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
VanEck ETF Trust43,7410 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Tidal Trust II13,3840 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

10. Amend share unit plan

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: AMEND SHARE UNIT PLAN

The 18 asset managers below reported 25,871,468 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: 25,871,468
Largest asset managers voting on “AMEND SHARE UNIT PLAN” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
BlackRock823,5720 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

11. Approve the increase in the number of common shares reserved for issuance under the Company's Share Unit Plan, as…

100% of fund votes cast · no official result

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

Description as filed by funds: Approve the increase in the number of common shares reserved for issuance under the Company's Share Unit Plan, as described in the Management Proxy Circular.

The 4 asset managers below reported 842,872 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: 842,872
Largest asset managers voting on “Approve the increase in the number of common shares reserved for issuance under the Company's Share Unit Plan,” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Amplify ETF Trust713,0570 00For
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
BlackRock16,8360 00For
Tidal Trust II13,3840 00For

12. Amendment to the Share Unit Plan

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 916,651 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: 916,651
Largest asset managers voting on “Amendment to the Share Unit Plan” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab872,9100 00For
VanEck ETF Trust43,7410 00For

13. 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 5 wordings of this item as funds reported it.

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 56 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 Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Amplify ETF Trust713,0570 00For
BlackRock16,8360 00For
Tidal Trust II13,3840 00For

Fund voting reports, all 3 managers: 743,277 for.

Institutional-manager reports: 53 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 Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Rubric Capital Management LP11,373,4320 00For
BlackRock8,113,6780 00For
OAKTREE CAPITAL MANAGEMENT LP5,130,2710 00For
Yaupon Capital Management LP1,341,2470 00For
Value Aligned Research Advisors, LLC960,7760 00For
FIRST MANHATTAN CO. LLC.779,7270 00For
Clayton Partners LLC525,6980 00For
National Bank Financial Inc.00 00Not Voted
SCOTIA CAPITAL INC.424,9070 00For
Melqart Asset Management (UK) Ltd299,4290 00For
Nishkama Capital, LLC281,5290 00For
ARDSLEY ADVISORY PARTNERS LP230,0000 00For
Tacita Capital Inc216,7330 00For
NATIONAL BANK INVESTMENTS INC.77,6480 00For
Northern Trust73,2850 00For
1832 Asset Management L.P.53,2870 00For
TUDOR INVESTMENT CORP ET AL45,6410 00For
Clear Harbor Asset Management, LLC30,8000 00For
S&CO INC11,9920 00For
Savant Capital, LLC9,9550 00For
Capita Financial Network4,2820 00For
ENVESTNET ASSET MANAGEMENT INC3,0700 00For
Edward D. Jones & Co., L.P.2,8970 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC1,7640 00For
O'SHAUGHNESSY ASSET MANAGEMENT, LLC1,5120 00For

Institutional-manager reports, all 53 managers: 30,003,167 for, 1,636 against, 506,416 not voted. Showing the 25 largest; every one is in the interactive database (link above).

14. Advisory vote on executive compensation approach

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 22 asset managers

Description as filed by funds: ADVISORY VOTE ON EXECUTIVE COMPENSATION APPROACH

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 Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
BlackRock823,5720 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Brighthouse11,7490 00For
Northern Trust6,6340 00For

Fund voting reports, all 17 managers: 25,863,643 for.

Institutional-manager reports: 5 asset managers voting on “ADVISORY VOTE ON EXECUTIVE COMPENSATION APPROACH” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BROOKFIELD Corp /ON/26,947,5350 00For
BlackRock241,3880 00For
WEXFORD CAPITAL LP15,2010 00For
Purpose Unlimited Inc.5,8690 00For
MILLER HOWARD INVESTMENTS INC /NY4910 00For

Institutional-manager reports, all 5 managers: 27,210,484 for.

15. 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 5 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: 2 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab872,9100 00For
VanEck ETF Trust43,7410 00For

Fund voting reports, all 2 managers: 916,651 for.

Institutional-manager reports: 3 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Purpose Unlimited Inc.98,0330 00For
TD Waterhouse Canada Inc.97,8340 00For
Westbourne Investment Advisors, Inc.4000 00For

Institutional-manager reports, all 3 managers: 196,267 for.

16. Approve Ernst & Young LLP as auditors and authorize board to fix their remuneration

No official resultsAUDIT-RELATEDCOMPENSATION

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: APPROVE ERNST & YOUNG LLP AS AUDITORS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION

The 18 asset managers below reported 25,871,468 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: 25,871,468
Largest asset managers voting on “APPROVE ERNST & YOUNG LLP AS AUDITORS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity7,755,7900 00For
Vanguard7,728,0540 00For
American Century4,226,0580 00For
Dimensional2,538,9350 00For
State Street1,409,6280 00For
BlackRock823,5720 00For
Invesco523,1770 00For
AIG/SunAmerica393,2820 00For
TIAA212,9830 00For
OLD WESTBURY FUNDS INC68,3000 00For
TRUST FOR PROFESSIONAL MANAGERS56,9280 00For
John Hancock46,4680 00For
Lincoln Financial23,6980 00For
FIRST EAGLE FUNDS21,3790 00For
PIMCO17,0080 00For
Brighthouse11,7490 00For
NORTHERN LIGHTS FUND TRUST II7,8250 00For
Northern Trust6,6340 00For

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

No official resultsAUDIT-RELATED

15% of fund votes cast · no official result

FORWITHHOLD
Details: votes by 4 asset managers

The 4 asset managers below reported 129,815 for, 713,057 withheld. 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: 129,815WITHHOLD: 713,057
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 Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Amplify ETF Trust00 0713,057Withhold
CANTOR FITZGERALD INFRASTRUCTURE FUND99,5950 00For
BlackRock16,8360 00For
Tidal Trust II13,3840 00For

18. Appointment of Auditor and Authority to Set Fees

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 916,651 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: 916,651
Largest asset managers voting on “Appointment of Auditor and Authority to Set Fees” at TransAlta Corporation, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab872,9100 00For
VanEck ETF Trust43,7410 00For

Largest TransAlta Corporation 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, shown as a share of the 296,717,495 shares outstanding at the time of that meeting.

Fund voting reports: top TransAlta Corporation shareholders by shares voted on “ELECT DIRECTOR BRIAN A. BAKER”, 2025-2026
#Asset manager % of shares outstanding
1Fidelity 2.61%
2Vanguard 2.60%
3American Century 1.42%
4Dimensional 0.86%
5State Street 0.48%
6Charles Schwab 0.29%
7BlackRock 0.28%
8Amplify ETF Trust 0.24%
9Invesco 0.18%
10AIG/SunAmerica 0.13%
Institutional-manager reports: top TransAlta Corporation shareholders by shares voted on “Say-on-Pay. Advisory vote to accept the Company's approach to executive compensation, as…”, 2025-2026
#Asset manager % of shares outstanding
1Rubric Capital Management LP 3.83%
2BlackRock 2.73%
3OAKTREE CAPITAL MANAGEMENT LP 1.73%
4Yaupon Capital Management LP 0.45%
5Value Aligned Research Advisors, LLC 0.32%
6FIRST MANHATTAN CO. LLC. 0.26%
7Clayton Partners LLC 0.18%
8National Bank Financial Inc. 0.17%
9SCOTIA CAPITAL INC. 0.14%
10Melqart Asset Management (UK) Ltd 0.10%

Reported TransAlta Corporation 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 Corporation holdings and ownership disclosed for the 2025-2026 proxy season
Holder % outstanding Disclosure
Royal Bank of Canada 7.74% 13G
Bank of Montreal 5.99% 13G
FMR (Fidelity) 4.58% 13F
FMR LLC 4.58% 13G
Vanguard Group 3.75% 13F
Millennium Management 2.94% 13F
Goldman Sachs 2.54% 13F
Morgan Stanley 1.18% 13F
Citadel Advisors 0.61% 13F
Dimensional Fund Advisors 0.55% 13F

Percentages above are of 296,717,495 shares outstanding, as reported by TransAlta Corporation on its Form 40-F dated December 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 Corporation’s 40-F dated December 31, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

TransAlta Corporation proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “TransAlta (TAC) 2026 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/transalta-corporation/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.