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Compiled from SEC Form N-PX filings and Union Pacific Corporation’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.
Explore Union Pacific Corporation in the interactive database Compare manager voting policies
These tallies are Union Pacific Corporation’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX. Union Pacific Corporation reported 2 meetings in this season; each is tabulated separately below, with its own filing.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Sheri H. Edison | 468,658,407 | 10,831,667 | 1,305,249 | -- | 58,075,071 | Majority: yes |
| Elect Director: Teresa M. Finley | 477,361,721 | 2,594,064 | 839,538 | -- | 58,075,071 | Majority: yes |
| Elect Director: Deborah C. Hopkins | 477,411,285 | 2,517,387 | 866,651 | -- | 58,075,071 | Majority: yes |
| Elect Director: Jane H. Lute | 458,441,119 | 21,204,940 | 1,149,264 | -- | 58,075,071 | Majority: yes |
| Elect Director: Michael R. McCarthy | 453,856,480 | 25,893,643 | 1,045,200 | -- | 58,075,071 | Majority: yes |
| Elect Director: Doyle R. Simons | 468,876,858 | 10,944,221 | 974,244 | -- | 58,075,071 | Majority: yes |
| Elect Director: John K. Tien, Jr. | 477,322,167 | 2,587,244 | 885,912 | -- | 58,075,071 | Majority: yes |
| Elect Director: V. James Vena | 477,824,620 | 2,033,848 | 936,855 | -- | 58,075,071 | Majority: yes |
| Elect Director: John P. Wiehoff | 477,320,553 | 2,518,328 | 956,442 | -- | 58,075,071 | Majority: yes |
| Elect Director: W Anthony Will | 477,982,920 | 1,797,522 | 1,014,881 | -- | 58,075,071 | Majority: yes |
| Elect Director: Christopher J. Williams | 473,783,412 | 5,778,011 | 1,233,900 | -- | 58,075,071 | Majority: yes |
| Proposal 2: Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for the Year Ending December 31, 2026 The Shareholders voted for the ratification of the appointment of Deloitte & Touche LLP as the Company's ind | 506,109,723 | 31,880,708 | 879,963 | -- | -- | Majority: yes |
| Proposal 3: Advisory Vote to Approve Executive Compensation ("Say on Pay") The Shareholders approved, on an advisory (non-binding) basis, the compensation of the Company's Named Executive Officers, by the following count: | 454,118,030 | 24,436,114 | 2,241,179 | -- | 58,075,071 | Majority: yes |
Source: Union Pacific Corporation, Form 8-K — read the filing on EDGAR.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Proposal 1: The Share Issuance Proposal The Shareholders approved the issuance of Company common stock, par value $2.50 per share, pursuant to the Merger Agreement by and among the Company, Merger Sub 1, Merger Sub 2, and Norfolk Southern, as may be amended fr | 465,888,036 | 2,214,119 | 786,729 | -- | -- | Majority: yes |
| Proposal 2: The Union Pacific Adjournment Proposal The Shareholders approved, the adjournment of the Meeting from time to time, if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at the time of the Meeting to | 443,263,243 | 24,770,175 | 855,466 | -- | -- | Majority: yes |
Source: Union Pacific Corporation, Form 8-K, filed with the SEC on 2025-11-17 — read the filing on EDGAR.
Each item below shows how the 1,610 asset managers that disclosed a Union Pacific 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 Union Pacific 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.
Meeting held 2026-05-14.
Combines 66 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Proposal 3: Advisory Vote to Approve Executive Compensation ("Say on Pay") The Shareholders approved, on an advisory (non-binding) basis, the compensation of the Company's Named Executive Officers, by the following count”): 454,118,030 for, 24,436,114 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 76% for, 4% against (81% of the company cast a for/against vote).
The 1,560 asset managers below cast 97% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Capital Group | 75,195,646 | 0 | 0 | 0 | For |
| Vanguard | 62,032,818 | 303 | 33 | 0 | For |
| BlackRock | 35,468,628 | 1,739 | 525 | 0 | For |
| Capital Research Global Investors | 16,800,337 | 0 | 0 | 0 | For |
| Fidelity | 15,944,908 | 0 | 0 | 0 | For |
| State Street | 15,590,357 | 190,043 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 15,577,940 | 0 | 0 | 0 | For |
| JPMorgan | 9,600,594 | 0 | 0 | 0 | For |
| Invesco | 9,040,432 | 12 | 1 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 8,409,163 | 0 | 0 | 0 | For |
| Charles Schwab | 7,636,288 | 0 | 0 | 0 | For |
| Fisher Asset Management, LLC | 6,355,507 | 0 | 0 | 0 | For |
| UBS | 6,189,732 | 0 | 0 | 0 | For |
| Northern Trust | 5,812,973 | 44,750 | 0 | 0 | For |
| T. Rowe Price | 5,814,425 | 39,209 | 0 | 0 | For |
| Nuveen | 5,101,525 | 1,660 | 0 | 0 | For |
| CANADA PENSION PLAN INVESTMENT BOARD | 4,810,827 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Union Investment Management GmbH | 0 | 3,992,391 | 0 | 0 | Against |
| HARRIS ASSOCIATES L P | 3,707,516 | 0 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 3,693,339 | 0 | 0 | 0 | For |
| TIAA | 3,586,919 | 0 | 0 | 0 | For |
| Janus Henderson | 3,150,938 | 5,800 | 0 | 0 | For |
| Columbia Threadneedle | 3,075,684 | 0 | 0 | 0 | For |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 3,018,016 | 0 | 0 | 0 | For |
Showing the 25 largest of 1,560 asset managers. See all 1,560 in the interactive database.
Meeting held 2026-05-14.
Combines 8 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Proposal 2: Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for the Year Ending December 31, 2026 The Shareholders voted for the ratification of the appointment of De”): 506,109,723 for, 31,880,708 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 85% for, 5% against (91% of the company cast a for/against vote).
The 246 asset managers below cast 99.6% of the shares they voted on this item FOR (198,692,216 for, 706,625 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,575,568 | 60,102 | 10 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,959,722 | 3,407 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,369 | 84 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,578,626 | 2,588 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 246 asset managers. See all 246 in the interactive database.
Meeting held 2025-11-14.
Combines 11 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Proposal 1: The Share Issuance Proposal The Shareholders approved the issuance of Company common stock, par value $2.50 per share, pursuant to the Merger Agreement by and among the Company, Merger Sub 1, Merger Sub 2, an”): 465,888,036 for, 2,214,119 against, per its Form 8-K filed 2025-11-17 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 78% for, 0.4% against (79% of the company cast a for/against vote).
The 242 asset managers below cast 99.9% of the shares they voted on this item FOR (164,960,511 for, 30,851 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 53,579,144 | 6 | 3 | 0 | For |
| Capital Group | 22,558,627 | 0 | 0 | 0 | For |
| Fidelity | 14,963,722 | 0 | 0 | 0 | For |
| BlackRock | 9,594,127 | 0 | 0 | 0 | For |
| JPMorgan | 5,725,025 | 0 | 0 | 0 | For |
| MFS | 5,181,574 | 0 | 0 | 0 | For |
| State Street | 5,073,524 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 3,945,575 | 0 | 0 | 0 | For |
| Charles Schwab | 3,632,178 | 0 | 0 | 0 | For |
| TIAA | 3,434,529 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,992,062 | 0 | 0 | 0 | For |
| Invesco | 2,466,324 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,069,980 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 1,675,300 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,496,414 | 0 | 0 | 0 | For |
| Dimensional | 1,309,901 | 0 | 0 | 0 | For |
| Legg Mason | 1,205,495 | 0 | 0 | 0 | For |
| Global X | 1,149,036 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,141,000 | 0 | 0 | 0 | For |
| First Trust | 991,756 | 0 | 0 | 0 | For |
| WisdomTree | 931,871 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 918,485 | 0 | 0 | 0 | For |
| American Century | 876,055 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 808,513 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 805,234 | 0 | 0 | 0 | For |
Showing the 25 largest of 242 asset managers. See all 242 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Sheri H. Edison”): 468,658,407 for, 10,831,667 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 79% for, 2% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (198,890,547 for, 175,700 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,519 | 145 | 11 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,959,722 | 3,407 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Teresa M. Finley”): 477,361,721 for, 2,594,064 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 80% for, 0.5% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (199,066,216 for, 34 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,633 | 34 | 11 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Deborah C. Hopkins”): 477,411,285 for, 2,517,387 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 80% for, 0.5% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (199,060,654 for, 5,595 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,631 | 35 | 12 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Jane H. Lute”): 458,441,119 for, 21,204,940 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 77% for, 4% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.8% of the shares they voted on this item FOR (198,786,529 for, 279,717 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,375 | 288 | 15 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 7 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Michael R. McCarthy”): 453,856,480 for, 25,893,643 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 76% for, 4% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.7% of the shares they voted on this item FOR (198,622,614 for, 443,634 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,306 | 359 | 14 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,369 | 84 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,566,444 | 14,770 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Doyle R. Simons”): 468,876,858 for, 10,944,221 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 79% for, 2% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (198,874,569 for, 191,679 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,526 | 139 | 12 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 7 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: John K. Tien, Jr.”): 477,322,167 for, 2,587,244 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 80% for, 0.5% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (199,066,215 for, 34 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,632 | 34 | 12 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: V. James Vena”): 477,824,620 for, 2,033,848 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 80% for, 0.4% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (199,066,218 for, 29 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,635 | 29 | 12 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: John P. Wiehoff”): 477,320,553 for, 2,518,328 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 80% for, 0.5% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (199,066,216 for, 33 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,633 | 33 | 12 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 5 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: W Anthony Will”): 477,982,920 for, 1,797,522 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 81% for, 0.4% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (199,066,223 for, 26 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,640 | 26 | 12 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2026-05-14.
Combines 6 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Elect Director: Christopher J. Williams”): 473,783,412 for, 5,778,011 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 80% for, 1.0% against (81% of the company cast a for/against vote).
The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (198,891,604 for, 174,640 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 55,635,591 | 70 | 15 | 0 | For |
| Capital Group | 44,277,508 | 0 | 0 | 0 | For |
| BlackRock | 16,963,129 | 0 | 0 | 0 | For |
| Fidelity | 14,505,855 | 0 | 0 | 0 | For |
| JPMorgan | 9,473,109 | 0 | 0 | 0 | For |
| State Street | 5,633,453 | 0 | 0 | 0 | For |
| MFS | 4,661,012 | 0 | 0 | 0 | For |
| Charles Schwab | 3,753,755 | 0 | 0 | 0 | For |
| TIAA | 3,555,087 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,977,421 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 2,755,687 | 0 | 0 | 0 | For |
| Invesco | 2,474,818 | 0 | 0 | 0 | For |
| INVESTMENT CO OF AMERICA | 2,201,133 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,894,221 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,829,000 | 0 | 0 | 0 | For |
| Global X | 1,581,214 | 0 | 0 | 0 | For |
| Dimensional | 1,365,458 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 1,209,344 | 0 | 0 | 0 | For |
| Legg Mason | 1,195,512 | 0 | 0 | 0 | For |
| American Century | 1,024,897 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 884,949 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 867,389 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 757,165 | 0 | 0 | 0 | For |
| Neuberger Berman | 649,670 | 0 | 0 | 0 | For |
| Nuveen | 632,688 | 0 | 0 | 0 | For |
Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.
Meeting held 2025-11-14.
Combines 7 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Proposal 2: The Union Pacific Adjournment Proposal The Shareholders approved, the adjournment of the Meeting from time to time, if necessary or appropriate, to solicit additional proxies in the event there are not suffic”): 443,263,243 for, 24,770,175 against, per its Form 8-K filed 2025-11-17 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 75% for, 4% against (79% of the company cast a for/against vote).
The 232 asset managers below cast 95% of the shares they voted on this item FOR (151,023,672 for, 7,745,196 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 53,579,064 | 86 | 3 | 0 | For |
| Capital Group | 22,558,627 | 0 | 0 | 0 | For |
| Fidelity | 14,853,222 | 110,500 | 0 | 0 | For |
| BlackRock | 9,594,127 | 0 | 0 | 0 | For |
| MFS | 5,181,574 | 0 | 0 | 0 | For |
| State Street | 13,718 | 5,059,806 | 0 | 0 | Against |
| Franklin Custodian Funds | 3,945,575 | 0 | 0 | 0 | For |
| Charles Schwab | 3,632,178 | 0 | 0 | 0 | For |
| TIAA | 3,434,529 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 2,992,062 | 0 | 0 | 0 | For |
| Invesco | 2,466,324 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 2,069,980 | 0 | 0 | Against |
| INVESTMENT CO OF AMERICA | 1,675,300 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,496,414 | 0 | 0 | 0 | For |
| Dimensional | 1,309,901 | 0 | 0 | 0 | For |
| Legg Mason | 1,205,495 | 0 | 0 | 0 | For |
| Global X | 1,149,036 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 1,141,000 | 0 | 0 | 0 | For |
| First Trust | 991,756 | 0 | 0 | 0 | For |
| WisdomTree | 931,871 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 918,485 | 0 | 0 | 0 | For |
| American Century | 876,055 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 808,513 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL SERIES FUNDS | 805,234 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 723,896 | 0 | 0 | 0 | For |
Showing the 25 largest of 232 asset managers. See all 232 in the interactive database.
Meeting held 2025-11-14.
100% fund support · no official result
The 13 asset managers below cast 100% of the shares they voted on this item FOR (5,963,475 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| JPMorgan | 5,725,025 | 0 | 0 | 0 | For |
| Empower | 93,491 | 0 | 0 | 0 | For |
| Transamerica | 51,390 | 0 | 0 | 0 | For |
| HC CAPITAL TRUST | 42,704 | 0 | 0 | 0 | For |
| Erste Asset Management GmbH | 13,337 | 0 | 0 | 0 | For |
| iM Global Partner Funds | 10,960 | 0 | 0 | 0 | For |
| CLEARWATER INVESTMENT TRUST | 9,702 | 0 | 0 | 0 | For |
| AGF Investments Trust | 6,384 | 0 | 0 | 0 | For |
| Lincoln Financial | 5,099 | 0 | 0 | 0 | For |
| Brighthouse | 3,669 | 0 | 0 | 0 | For |
| OARSMAN CAPITAL, INC. | 1,057 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST III | 646 | 0 | 0 | 0 | For |
| Dorsey Wright & Associates | 11 | 0 | 0 | 0 | For |
Meeting held 2025-05-08 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).
Combines 3 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Proposal 3: Advisory Vote to Approve Executive Compensation ("Say on Pay") The Shareholders approved, on an advisory (non-binding) basis, the compensation of the Company's Named Executive Officers, by the following count”): 437,800,732 for, 27,943,427 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 74% for, 5% against (78% of the company cast a for/against vote).
The 11 asset managers below cast 70% of the shares they voted on this item FOR (226,786 for, 97,374 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| NORRIS PERNE & FRENCH LLP/MI | 122,886 | 0 | 0 | 0 | For |
| PENSIOENFONDS RAIL & OV | 0 | 91,814 | 0 | 0 | Against |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC | 53,786 | 0 | 0 | 0 | For |
| Investment Management Corp of Ontario | 26,105 | 0 | 0 | 0 | For |
| GLENMEDE FUND INC | 15,134 | 0 | 0 | 0 | For |
| Slow Capital, Inc. | 6,661 | 0 | 0 | 0 | For |
| OSSIAM | 0 | 5,560 | 0 | 0 | Against |
| FIRST UNITED BANK & TRUST | 938 | 0 | 0 | 0 | For |
| Hodges Capital Management Inc. | 826 | 0 | 0 | 0 | For |
| ST. NICHOLAS PRIVATE ASSET MANAGEMENT, INC | 400 | 0 | 0 | 0 | For |
| Philip James Wealth Mangement, LLC | 50 | 0 | 0 | 0 | For |
Meeting held 2026-05-14.
All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.
100% fund support · no official result
The 3 asset managers below cast 100% of the shares they voted on this item FOR.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| TEALWOOD ASSET MANAGEMENT INC | 10,697 | 0 | 0 | 0 | For |
| HARBOUR INVESTMENT MANAGEMENT LLC | 5,159 | 0 | 0 | 0 | For |
| McGowan Group Asset Management, Inc. | 272 | 0 | 0 | 0 | For |
Reported under meeting date 2026-03-13; no official results on file for that date.
Combines 2 wordings of this item as funds reported it.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (266,310 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| SCHRODER INVESTMENT MANAGEMENT GROUP | 266,231 | 0 | 0 | 0 | For |
| Robertson Stephens Wealth Management, LLC | 79 | 0 | 0 | 0 | For |
Meeting held 2026-05-14.
95% Majority: yes · of votes cast
Union Pacific Corporation’s own tally for this item (“Proposal 3: Advisory Vote to Approve Executive Compensation ("Say on Pay") The Shareholders approved, on an advisory (non-binding) basis, the compensation of the Company's Named Executive Officers, by the following count”): 454,118,030 for, 24,436,114 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 593,675,922 outstanding shares: 76% for, 4% against (81% of the company cast a for/against vote).
The 2 asset managers below cast 100% of the shares they voted on this item FOR (3,566 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Members Trust Co | 3,366 | 0 | 0 | 0 | For |
| Capital Group | 200 | 0 | 0 | 0 | For |
Meeting held 2026-05-14.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (3,981 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Members Trust Co | 3,366 | 0 | 0 | 0 | For |
| Ballew Advisors, Inc | 615 | 0 | 0 | 0 | For |
Meeting held 2025-11-14.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (10,624 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| TEALWOOD ASSET MANAGEMENT INC | 10,622 | 0 | 0 | 0 | For |
| ESL Trust Services, LLC | 2 | 0 | 0 | 0 | For |
Meeting held 2025-11-14.
Combines 2 wordings of this item as funds reported it.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (43,142 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Atlantic Union Bankshares Corp | 42,942 | 0 | 0 | 0 | For |
| Rempart Asset Management Inc. | 200 | 0 | 0 | 0 | For |
Ranked by the number of Union Pacific Corporation shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 593,675,922 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Capital Group | 12.67% |
| 2 | Vanguard | 10.45% |
| 3 | BlackRock | 5.97% |
| 4 | Capital Research Global Investors | 2.83% |
| 5 | Fidelity | 2.69% |
| 6 | State Street | 2.66% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 2.62% |
| 8 | JPMorgan | 1.62% |
| 9 | Invesco | 1.52% |
| 10 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1.42% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| Vanguard Group | 9.99% | 13F |
| BlackRock | 8.05% | 13F |
| BlackRock, Inc. (d) | 7.08% | DEF14A |
| State Street | 4.48% | 13F |
| JPMorgan Chase | 2.97% | 13F |
| Morgan Stanley | 2.13% | 13F |
| Invesco | 1.23% | 13F |
| Northern Trust | 1.12% | 13F |
| Franklin Templeton | 1.02% | 13F |
| Goldman Sachs | 0.80% | 13F |
Percentages above are of 593,675,922 shares outstanding, as reported by Union Pacific Corporation on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Union Pacific Corporation’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At Union Pacific Corporation's 2 shareholder meetings in the 2025-2026 proxy season (held 2025-11-14 and 2026-05-14), 1,610 asset managers reported how they voted in their SEC Form N-PX filings, covering 19,521 separate fund positions. Their filings are grouped here into 23 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item of the season, voted at the meeting held 2026-05-14 — Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say… — FOR was 95% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Union Pacific Corporation's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).
Union Pacific Corporation proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).