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Home › Companies › Universal Music Group NV › 2025-2026

Universal Music Group NV 2025-2026 Proxy Voting Records

At Universal Music Group NV's shareholder meeting held May 13, 2026, in the 2025-2026 proxy season, 110 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,576 separate fund positions. Their filings are grouped here into 50 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration Report — the reporting funds and managers cast 24% 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.

  • 50Reported items
  • 110Asset managers
  • 4,576Fund votes
  • May 13, 2026Meeting date

Results at a glance

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

How asset managers voted at the Universal Music Group NV 2025-2026 meeting

Each item below shows how the 110 asset managers that disclosed a Universal Music Group NV 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 Universal Music Group NV’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. Reelect Cathia Lawson-Hall as Non-Executive Director

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,755,810 for, 75,973 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: 99,755,810AGAINST: 75,973
Largest asset managers voting on “Reelect Cathia Lawson-Hall as Non-Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse408,08016,330 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable326,27753,167 00Mixed
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

2. Reelect Eric Sprunk as Non-Executive Director

No official resultsDIRECTOR ELECTIONS

74% of fund votes cast · no official result

FORAGAINST
Details: votes by 60 asset managers

The 60 asset managers below reported 73,440,508 for, 26,391,275 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: 73,440,508AGAINST: 26,391,275
Largest asset managers voting on “Reelect Eric Sprunk as Non-Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock857,44923,604,494 00Against
Fidelity7,746,6051,224,105 00Mixed
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional01,113,287 00Against
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse408,08016,330 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable139,683239,761 00Mixed
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

3. Reelect James Mitchell as Non-Executive Director

No official resultsDIRECTOR ELECTIONS

73% of fund votes cast · no official result

FORAGAINST
Details: votes by 60 asset managers

The 60 asset managers below reported 72,804,739 for, 27,027,044 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: 72,804,739AGAINST: 27,027,044
Largest asset managers voting on “Reelect James Mitchell as Non-Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock857,44923,604,494 00Against
Fidelity7,746,6051,224,105 00Mixed
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,598,5049,176 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional01,113,287 00Against
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse408,08016,330 00For
Virtus395,3390 00For
Northern Trust49,801333,610 00Mixed
Equitable139,683239,761 00Mixed
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

4. Reelect Mandy Ginsberg as Non-Executive Director

No official resultsDIRECTOR ELECTIONS

73% of fund votes cast · no official result

FORAGAINST
Details: votes by 60 asset managers

The 60 asset managers below reported 72,865,353 for, 26,966,430 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: 72,865,353AGAINST: 26,966,430
Largest asset managers voting on “Reelect Mandy Ginsberg as Non-Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock857,44923,604,494 00Against
Fidelity7,746,6051,224,105 00Mixed
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional01,113,287 00Against
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle0573,400 00Against
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse408,08016,330 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable139,683239,761 00Mixed
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

5. Reelect Margaret Frerejean-Taittinger as Non-Executive Director

No official resultsDIRECTOR ELECTIONS

98% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 97,970,644 for, 1,861,139 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: 97,970,644AGAINST: 1,861,139
Largest asset managers voting on “Reelect Margaret Frerejean-Taittinger as Non-Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street01,606,806 00Against
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse408,08016,330 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable326,27753,167 00Mixed
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

6. Reelect Nicole Avant as Non-Executive Director

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,755,810 for, 75,973 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: 99,755,810AGAINST: 75,973
Largest asset managers voting on “Reelect Nicole Avant as Non-Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse408,08016,330 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable326,27753,167 00Mixed
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

7. Reelect Vincent Vallejo as Executive Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Reelect Vincent Vallejo as Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

8. Reappointment of cathia lawson hall as non executive director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: REAPPOINTMENT OF CATHIA LAWSON HALL AS NON EXECUTIVE DIRECTOR

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “REAPPOINTMENT OF CATHIA LAWSON HALL AS NON EXECUTIVE DIRECTOR” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

9. Reappointment of eric sprunk as non executive director

No official resultsDIRECTOR ELECTIONS

93% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: REAPPOINTMENT OF ERIC SPRUNK AS NON EXECUTIVE DIRECTOR

The 17 asset managers below reported 22,266,500 for, 1,712,938 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: 22,266,500AGAINST: 1,712,938
Largest asset managers voting on “REAPPOINTMENT OF ERIC SPRUNK AS NON EXECUTIVE DIRECTOR” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,243,41866,147 00For
BBH Trust2,048,8930 00For
Six Circles Trust01,646,791 00Against
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

10. Reappointment of james mitchell as non executive director

No official resultsDIRECTOR ELECTIONS

93% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: REAPPOINTMENT OF JAMES MITCHELL AS NON EXECUTIVE DIRECTOR

The 17 asset managers below reported 22,266,500 for, 1,712,938 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: 22,266,500AGAINST: 1,712,938
Largest asset managers voting on “REAPPOINTMENT OF JAMES MITCHELL AS NON EXECUTIVE DIRECTOR” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,243,41866,147 00For
BBH Trust2,048,8930 00For
Six Circles Trust01,646,791 00Against
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

11. Reappointment of mandy ginsberg as non executive director

No official resultsDIRECTOR ELECTIONS

93% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: REAPPOINTMENT OF MANDY GINSBERG AS NON EXECUTIVE DIRECTOR

The 17 asset managers below reported 22,266,500 for, 1,712,938 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: 22,266,500AGAINST: 1,712,938
Largest asset managers voting on “REAPPOINTMENT OF MANDY GINSBERG AS NON EXECUTIVE DIRECTOR” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,243,41866,147 00For
BBH Trust2,048,8930 00For
Six Circles Trust01,646,791 00Against
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

12. Reappointment of margaret frerejean taittinger as non executive director

No official resultsDIRECTOR ELECTIONS

99.7% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: REAPPOINTMENT OF MARGARET FREREJEAN TAITTINGER AS NON EXECUTIVE DIRECTOR

The 17 asset managers below reported 23,909,957 for, 69,481 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: 23,909,957AGAINST: 69,481
Largest asset managers voting on “REAPPOINTMENT OF MARGARET FREREJEAN TAITTINGER AS NON EXECUTIVE DIRECTOR” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock232,05239,232 00Mixed
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.030,249 00Against
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

13. Reappointment of nicole avant as non executive director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: REAPPOINTMENT OF NICOLE AVANT AS NON EXECUTIVE DIRECTOR

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “REAPPOINTMENT OF NICOLE AVANT AS NON EXECUTIVE DIRECTOR” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

14. Reappointment of Vincent Vallejo as Executive Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “Reappointment of Vincent Vallejo as Executive Director” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

15. Elect Amanda Ginsberg to the Board of Directors

No official resultsDIRECTOR ELECTIONS

99.2% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,823,892 for, 134,173 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: 17,823,892AGAINST: 134,173
Largest asset managers voting on “Elect Amanda Ginsberg to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,813,999134,173 00Mixed
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

16. Elect Cathia Lawson-Hall to the Board of Directors

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Elect Cathia Lawson-Hall to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

17. Elect Eric Sprunk to the Board of Directors

No official resultsDIRECTOR ELECTIONS

99.2% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,823,892 for, 134,173 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: 17,823,892AGAINST: 134,173
Largest asset managers voting on “Elect Eric Sprunk to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,813,999134,173 00Mixed
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

18. Elect James G. Mitchell to the Board of Directors

No official resultsDIRECTOR ELECTIONS

98% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,511,573 for, 446,492 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: 17,511,573AGAINST: 446,492
Largest asset managers voting on “Elect James G. Mitchell to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,501,680446,492 00Mixed
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

19. Elect Margaret Frerejean-Taittinger to the Board of Directors

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Elect Margaret Frerejean-Taittinger to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

20. Elect Nicole Avant to the Board of Directors

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Elect Nicole Avant to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

21. Elect Vincent Vallejo to the Board of Directors

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Elect Vincent Vallejo to the Board of Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

22. Approve Cancellation of Shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Approve Cancellation of Shares” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

23. Authorize Repurchase of Issued Share Capital

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Authorize Repurchase of Issued Share Capital” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

24. Cancellation of shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 30 asset managers

Description as filed by funds: CANCELLATION OF SHARES

The 30 asset managers below reported 41,937,503 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: 41,937,503
Largest asset managers voting on “CANCELLATION OF SHARES” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Vanguard10,810,4500 00For
Bridge Builder Trust7,309,5650 00For
Charles Schwab3,073,5070 00For
BBH Trust2,048,8930 00For
SEI1,948,1720 00For
Six Circles Trust1,646,7910 00For
Russell Investments1,559,5280 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
VanEck ETF Trust230,4690 00For
Touchstone ETF Trust215,3600 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Smead Funds Trust82,6920 00For
Morningstar Funds Trust51,0720 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
Lincoln Financial15,2400 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
PACE SELECT ADVISORS TRUST3,1230 00For

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

25. Authorization of the Board as the competent body to repurchase Shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “Authorization of the Board as the competent body to repurchase Shares” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

26. Authority to Repurchase Shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Authority to Repurchase Shares” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

27. Adopt Financial Statements

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Adopt Financial Statements” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

28. Approve Discharge of Executive Directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Approve Discharge of Executive Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

29. Approve Discharge of Non-Executive Directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Approve Discharge of Non-Executive Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

30. Approve Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Approve Dividends” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

31. Adoption of the 2025 financial statements

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “Adoption of the 2025 financial statements” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

32. Discharge of the Executive Directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “Discharge of the Executive Directors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

33. Discharge of the non executive directors

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: DISCHARGE OF THE NON EXECUTIVE DIRECTORS

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “DISCHARGE OF THE NON EXECUTIVE DIRECTORS” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

34. Dividend: adoption of the dividend proposal

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 16 asset managers

Description as filed by funds: DIVIDEND: ADOPTION OF THE DIVIDEND PROPOSAL

The 16 asset managers below reported 23,764,078 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: 23,764,078
Largest asset managers voting on “DIVIDEND: ADOPTION OF THE DIVIDEND PROPOSAL” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

35. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Accounts and Reports” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

36. Approve Remuneration Report

24% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: votes by 62 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: 60 asset managers voting on “Approve Remuneration Report” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard029,339,657 00Against
BlackRock024,461,943 00Against
Fidelity7,746,6051,224,105 00Mixed
FIRST EAGLE FUNDS07,701,741 00Against
BNY Mellon3,618,822193,989 00Mixed
Putnam02,891,081 00Against
Thrivent02,665,303 00Against
Invesco7222,606,958 00Against
Advisers Investment Trust2,468,6710 00For
WisdomTree01,675,519 00Against
State Street01,606,806 00Against
TIAA01,216,057 00Against
Dimensional01,113,287 00Against
Lazard0916,156 00Against
JPMorgan0914,233 00Against
T. Rowe Price839,76620,794 00For
Columbia Threadneedle0573,400 00Against
Aberdeen0562,600 00Against
DWS0535,079 00Against
Brighthouse0424,410 00Against
Virtus0395,339 00Against
Northern Trust0383,411 00Against
Equitable0298,168 81,2760Mixed
Perpetual Americas Funds Trust0294,757 00Against
Voya236,3580 00For

Fund voting reports, all 60 managers: 15,042,657 for, 84,707,850 against, 81,276 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 4 asset managers voting on “Approve Remuneration Report” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Walter Scott & Partners Ltd16,957,2130 00For
BlackRock012,154,310 00Against
APG Asset Management US Inc.02,356,804 00Against
JPMorgan0640,745 00Against

Institutional-manager reports, all 4 managers: 16,957,213 for, 15,151,859 against.

37. Advisory vote on the 2025 remuneration report (advisory vote)

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

Combines 2 wordings of this item as funds reported it.

45.6% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: description as filed, votes by 41 asset managers

Description as filed by funds: ADVISORY VOTE ON THE 2025 REMUNERATION REPORT (ADVISORY VOTE)

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 THE 2025 REMUNERATION REPORT (ADVISORY VOTE)” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust07,309,565 00Against
BBH Trust2,048,8930 00For
Six Circles Trust01,646,791 00Against
Jackson National0442,348 00Against
PRIMECAP Odyssey Funds325,2390 00For
John Hancock0271,284 00Against
Touchstone ETF Trust0215,360 00Against
Smead Funds Trust82,6920 00For
Brown Advisory Funds039,033 00Against
VELA Funds30,5000 00For
MFG FUNDS, INC.030,249 00Against
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust09,364 00Against
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock0330 00Against

Fund voting reports, all 17 managers: 14,015,114 for, 9,964,324 against.

Institutional-manager reports: 25 asset managers voting on “ADVISORY VOTE ON THE 2025 REMUNERATION REPORT (ADVISORY VOTE)” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock897,45822,499,763 00Against
Trinity Street Asset Management LLP8,531,3200 00For
1832 Asset Management L.P.01,223,600 1,459,2320Mixed
HUDSON EDGE INVESTMENT PARTNERS INC.2,476,1810 00For
Rudius Management LP1,941,5130 00For
JPMorgan0489,146 00Against
Corvex Management LP443,6260 00For
Siemens Fonds Invest GmbH354,2340 00For
Foresight Global Investors, Inc.0146,230 00Against
Giverny Capital Inc.121,6410 00For
FIRST MANHATTAN CO. LLC.81,6380 00For
Diversified Trust Co060,050 00Against
Northern Trust039,344 00Against
LONGFELLOW INVESTMENT MANAGEMENT CO LLC30,7980 00For
Korea Investment CORP023,068 00Against
Gruss & Co., LLC12,0000 00For
NATIONAL BANK INVESTMENTS INC.09,600 00Against
Ionic Capital Management LLC5,3940 00For
ROCKEFELLER FINANCIAL LLC4,7590 00For
71 West Capital Partners1,7490 00For
Solstein Capital, LLC1,5000 00For
PNC BANK, NATIONAL ASSOCIATION1,3000 00For
CAMDEN NATIONAL BANK4030 00For
O'SHAUGHNESSY ASSET MANAGEMENT, LLC0198 00Against
GAMMA Investing LLC760 00For

Institutional-manager reports, all 25 managers: 14,905,590 for, 24,490,999 against, 1,459,232 abstained.

38. Ratify Auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 60 asset managers

The 60 asset managers below reported 99,831,783 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: 99,831,783
Largest asset managers voting on “Ratify Auditors” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard29,339,6570 00For
BlackRock24,461,9430 00For
Fidelity8,970,7100 00For
FIRST EAGLE FUNDS7,701,7410 00For
BNY Mellon3,812,8110 00For
Putnam2,891,0810 00For
Thrivent2,665,3030 00For
Invesco2,607,6800 00For
Advisers Investment Trust2,468,6710 00For
WisdomTree1,675,5190 00For
State Street1,606,8060 00For
TIAA1,216,0570 00For
Dimensional1,113,2870 00For
Lazard916,1560 00For
JPMorgan914,2330 00For
T. Rowe Price860,5600 00For
Columbia Threadneedle573,4000 00For
Aberdeen562,6000 00For
DWS535,0790 00For
Brighthouse424,4100 00For
Virtus395,3390 00For
Northern Trust383,4110 00For
Equitable379,4440 00For
Perpetual Americas Funds Trust294,7570 00For
Voya236,3580 00For

Showing the 25 largest of 60 asset managers. All 60 are in the interactive database (link above).

39. Reappointment of the external auditor to issue an independent auditor s opinion on the 2026 and 2027 financial…

No official resultsAUDIT-RELATED

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 17 asset managers

Description as filed by funds: REAPPOINTMENT OF THE EXTERNAL AUDITOR TO ISSUE AN INDEPENDENT AUDITOR S OPINION ON THE 2026 AND 2027 FINANCIAL STATEMENTS

The 17 asset managers below reported 23,979,438 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: 23,979,438
Largest asset managers voting on “REAPPOINTMENT OF THE EXTERNAL AUDITOR TO ISSUE AN INDEPENDENT AUDITOR S OPINION ON THE 2026 AND 2027 FINANCIAL” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
SEQUOIA FUND INC11,508,6800 00For
Bridge Builder Trust7,309,5650 00For
BBH Trust2,048,8930 00For
Six Circles Trust1,646,7910 00For
Jackson National442,3480 00For
PRIMECAP Odyssey Funds325,2390 00For
John Hancock271,2840 00For
Touchstone ETF Trust215,3600 00For
Smead Funds Trust82,6920 00For
Brown Advisory Funds39,0330 00For
VELA Funds30,5000 00For
MFG FUNDS, INC.30,2490 00For
MUTUAL FUND SERIES TRUST10,0000 00For
PFM Multi-Manager Series Trust9,3640 00For
Pacer Funds Trust8,4330 00For
ETF Opportunities Trust6770 00For
BlackRock3300 00For

40. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 17,958,065 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: 17,958,065
Largest asset managers voting on “Appointment of Auditor” at Universal Music Group NV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,810,4500 00For
Charles Schwab3,073,5070 00For
SEI1,948,1720 00For
Russell Investments1,559,5280 00For
VanEck ETF Trust230,4690 00For
Venerable Variable Insurance Trust168,3780 00For
SEI Exchange Traded Funds91,2140 00For
Morningstar Funds Trust51,0720 00For
Lincoln Financial15,2400 00For
PACE SELECT ADVISORS TRUST3,1230 00For
Prudential/PGIM2,5070 00For
Global X2,4070 00For
Adviser Managed Trust1,9980 00For

Showing the 40 reported items with the widest manager coverage, of 50 in total. Every item is in the interactive database (link above).

Largest Universal Music Group NV shareholders voting in 2025-2026

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

Fund voting reports: top Universal Music Group NV shareholders by shares voted on “Approve Remuneration Report”, 2025-2026
#Asset manager Shares voted
1Vanguard 29,339,657
2BlackRock 24,461,943
3Fidelity 8,970,710
4FIRST EAGLE FUNDS 7,701,741
5BNY Mellon 3,812,811
6Putnam 2,891,081
7Thrivent 2,665,303
8Invesco 2,607,680
9Advisers Investment Trust 2,468,671
10WisdomTree 1,675,519
Institutional-manager reports: top Universal Music Group NV shareholders by shares voted on “ADVISORY VOTE ON THE 2025 REMUNERATION REPORT (ADVISORY VOTE)”, 2025-2026
#Asset manager Shares voted
1BlackRock 23,397,221
2Trinity Street Asset Management LLP 8,531,320
31832 Asset Management L.P. 2,682,832
4HUDSON EDGE INVESTMENT PARTNERS INC. 2,476,181
5Rudius Management LP 1,941,513
6JPMorgan 489,146
7Corvex Management LP 443,626
8Siemens Fonds Invest GmbH 354,234
9Foresight Global Investors, Inc. 146,230
10Giverny Capital Inc. 121,641

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Universal Music Group NV for the 2025-2026 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Universal Music Group NV proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “Universal Music Group NV 2026 Annual Meeting: Shareholder Vote Results”, https://proxyvotesnow.com/company/universal-music-group-nv/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.