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Home › Companies › UPM-Kymmene Oyj › 2025-2026

UPM-Kymmene Oyj 2025-2026 Proxy Voting Records

At UPM-Kymmene Oyj's shareholder meeting held April 9, 2026, in the 2025-2026 proxy season, 77 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,503 separate fund positions. Their filings are grouped here into 39 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 98% 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.

  • 39Reported items
  • 77Asset managers
  • 3,503Fund votes
  • April 9, 2026Meeting date

Results at a glance

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

How asset managers voted at the UPM-Kymmene Oyj 2025-2026 meeting

Each item below shows how the 77 asset managers that disclosed a UPM-Kymmene Oyj 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 UPM-Kymmene Oyj’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 PIA AALTONEN-FORSELL, HENRIK EHRNROOTH, JARI GUSTAFSSON, MELANIE MAAS-BRUNNER, TOPI MANNER, MARJAN OUDEMAN AND…

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.6% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: REELECT PIA AALTONEN-FORSELL, HENRIK EHRNROOTH, JARI GUSTAFSSON, MELANIE MAAS-BRUNNER, TOPI MANNER, MARJAN OUDEMAN AND MARTIN A PORTA AS DIRECTORS; ELECT MAGNUS GROTH AND PIIA KARHU AS NEW DIRECTORS

The 60 asset managers below reported 55,978,580 for, 197,513 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 55,978,580AGAINST: 197,513
Largest asset managers voting on “REELECT PIA AALTONEN-FORSELL, HENRIK EHRNROOTH, JARI GUSTAFSSON, MELANIE MAAS-BRUNNER, TOPI MANNER, MARJAN OUD” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica0195,169 00Against
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

2. Election of Directors

No official resultsDIRECTOR ELECTIONS

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% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported this as one line covering every nominee; it is not attributed to any one director, and no share total is shown for it.

Largest asset managers voting on “Election of Directors” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

3. Fix number of directors at nine

No official resultsAUDIT-RELATEDCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: FIX NUMBER OF DIRECTORS AT NINE

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “FIX NUMBER OF DIRECTORS AT NINE” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

4. Board Size

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Board Size” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

5. Approve issuance of up to 25 million shares without preemptive rights

No official resultsCAPITAL STRUCTURE

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: APPROVE ISSUANCE OF UP TO 25 MILLION SHARES WITHOUT PREEMPTIVE RIGHTS

The 60 asset managers below reported 56,086,727 for, 89,366 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: 56,086,727AGAINST: 89,366
Largest asset managers voting on “APPROVE ISSUANCE OF UP TO 25 MILLION SHARES WITHOUT PREEMPTIVE RIGHTS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

6. Authorize share repurchase program

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: AUTHORIZE SHARE REPURCHASE PROGRAM

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “AUTHORIZE SHARE REPURCHASE PROGRAM” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

7. Authority to Issue Shares w/ or w/o Preemptive Rights

No official resultsCAPITAL STRUCTURE

99.9% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,193,760 for, 1,267 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: 3,193,760AGAINST: 1,267
Largest asset managers voting on “Authority to Issue Shares w/ or w/o Preemptive Rights” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM01,267 00Against
Adviser Managed Trust9690 00For
Brighthouse9490 00For

8. Authority to Repurchase Shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Authority to Repurchase Shares” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

9. Accept financial statements and statutory reports

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: ACCEPT FINANCIAL STATEMENTS AND STATUTORY REPORTS

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “ACCEPT FINANCIAL STATEMENTS AND STATUTORY REPORTS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

10. Approve allocation of income and dividends of EUR 1.50 per share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 1.50 PER SHARE

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 1.50 PER SHARE” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

11. Approve discharge of board and president

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: APPROVE DISCHARGE OF BOARD AND PRESIDENT

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “APPROVE DISCHARGE OF BOARD AND PRESIDENT” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

12. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Accounts and Reports” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

13. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Allocation of Profits/Dividends” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

14. Ratification of Board and CEO Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Ratification of Board and CEO Acts” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

15. Receive financial statements and statutory reports

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: RECEIVE FINANCIAL STATEMENTS AND STATUTORY REPORTS

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “RECEIVE FINANCIAL STATEMENTS AND STATUTORY REPORTS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

16. Authorize charitable donations

No official resultsOTHER SOCIAL ISSUES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: AUTHORIZE CHARITABLE DONATIONS

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “AUTHORIZE CHARITABLE DONATIONS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

17. Charitable Donations

No official resultsOTHER SOCIAL ISSUES

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Charitable Donations” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

18. Acknowledge proper convening of meeting

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: ACKNOWLEDGE PROPER CONVENING OF MEETING

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “ACKNOWLEDGE PROPER CONVENING OF MEETING” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

19. Call the meeting to order

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: CALL THE MEETING TO ORDER

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “CALL THE MEETING TO ORDER” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

20. Close meeting

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: CLOSE MEETING

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “CLOSE MEETING” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

21. Designate inspector or shareholder representative(s) of minutes of meeting

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: DESIGNATE INSPECTOR OR SHAREHOLDER REPRESENTATIVE(S) OF MINUTES OF MEETING

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “DESIGNATE INSPECTOR OR SHAREHOLDER REPRESENTATIVE(S) OF MINUTES OF MEETING” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

22. Open meeting

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: OPEN MEETING

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “OPEN MEETING” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

23. Prepare and approve list of shareholders

— of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 6 asset managers

Description as filed by funds: PREPARE AND APPROVE LIST OF SHAREHOLDERS

The 6 asset managers below reported 996,280 abstained, 1,140,716 not voted.

ABSTAIN: 996,280NOT VOTED: 1,140,716
Largest asset managers voting on “PREPARE AND APPROVE LIST OF SHAREHOLDERS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gallery Trust00 996,2800Abstain
Lincoln Financial00 00Not Voted
JPMorgan00 00Not Voted
Empower00 00Not Voted
Brighthouse00 00Not Voted
Northern Lights Fund Trust IV00 00--

24. Remuneration of directors in the amount of EUR 240,000 for chair, EUR 150,000 for deputy chair and EUR 120,000 for…

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 61 asset managers

Description as filed by funds: REMUNERATION OF DIRECTORS IN THE AMOUNT OF EUR 240,000 FOR CHAIR, EUR 150,000 FOR DEPUTY CHAIR AND EUR 120,000 FOR OTHER DIRECTORS; APPROVE COMPENSATION FOR COMMITTEE WORK

The 61 asset managers below reported 56,195,972 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: 56,195,972
Largest asset managers voting on “REMUNERATION OF DIRECTORS IN THE AMOUNT OF EUR 240,000 FOR CHAIR, EUR 150,000 FOR DEPUTY CHAIR AND EUR 120,000” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

Showing the 25 largest of 61 asset managers. All 61 are in the interactive database (link above).

25. Directors' Fees

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Directors' Fees” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

26. Approve remuneration report

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

98% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 68 asset managers

Description as filed by funds: APPROVE REMUNERATION REPORT

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 UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

Fund voting reports, all 60 managers: 56,176,093 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 11 asset managers voting on “APPROVE REMUNERATION REPORT” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock25,362,5861,534,256 00Mixed
Life Cycle Investment Partners Ltd1,509,6740 00For
APG Asset Management US Inc.1,103,6050 00For
JPMorgan365,7850 00For
Siemens Fonds Invest GmbH127,3330 00For
1832 Asset Management L.P.26,4100 00For
Korea Investment CORP21,7750 00For
Northern Trust20,2730 00For
Trium Capital LLP19,8790 00For
NATIONAL BANK INVESTMENTS INC.2,6740 00For
Cullen Capital Management, LLC2660 00For

Institutional-manager reports, all 11 managers: 28,560,260 for, 1,534,256 against.

27. Approve remuneration policy and other terms of employment for executive management

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

97% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 61 asset managers

Description as filed by funds: APPROVE REMUNERATION POLICY AND OTHER TERMS OF EMPLOYMENT FOR EXECUTIVE MANAGEMENT

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 POLICY AND OTHER TERMS OF EMPLOYMENT FOR EXECUTIVE MANAGEMENT” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional0478,325 00Against
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock150,5558,263 00Mixed
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

Fund voting reports, all 60 managers: 55,682,572 for, 493,521 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REMUNERATION POLICY AND OTHER TERMS OF EMPLOYMENT FOR EXECUTIVE MANAGEMENT” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock25,235,2401,661,602 00Mixed
Trium Capital LLP19,8790 00For

Institutional-manager reports, all 2 managers: 25,255,119 for, 1,661,602 against.

28. Remuneration Policy

31% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 990,665 for, 2,204,362 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: 990,665AGAINST: 2,204,362
Largest asset managers voting on “Remuneration Policy” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab02,005,428 00Against
Federated Hermes987,3660 00For
Russell Investments0108,377 00Against
VanEck ETF Trust051,408 00Against
Venerable Variable Insurance Trust024,026 00Against
Hartford1,08310,956 00Mixed
ETFis Series Trust I03,198 00Against
Prudential/PGIM1,2670 00For
Adviser Managed Trust0969 00Against
Brighthouse9490 00For

29. Remuneration Report

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Remuneration Report” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

30. Approve remuneration of auditor for sustainability reporting

No official resultsAUDIT-RELATED

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: APPROVE REMUNERATION OF AUDITOR FOR SUSTAINABILITY REPORTING

The 60 asset managers below reported 56,151,900 for, 24,193 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: 56,151,900AGAINST: 24,193
Largest asset managers voting on “APPROVE REMUNERATION OF AUDITOR FOR SUSTAINABILITY REPORTING” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

31. Approve remuneration of auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 60 asset managers

Description as filed by funds: APPROVE REMUNERATION OF AUDITORS

The 60 asset managers below reported 56,176,093 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: 56,176,093
Largest asset managers voting on “APPROVE REMUNERATION OF AUDITORS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
BlackRock13,886,6310 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
Six Circles Trust590,3130 00For
DWS554,7810 00For
Dimensional478,3250 00For
Jackson National357,4980 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
John Hancock158,8180 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For

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

32. Appoint Ernst & Young as Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 40,922,460 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: 40,922,460
Largest asset managers voting on “Appoint Ernst & Young as Auditor for Sustainability Reporting” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
DWS554,7810 00For
Dimensional478,3250 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For
Brighthouse97,8930 00For
Empower95,6290 00For
Principal94,9240 00For
GuideStone72,8930 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

33. Ratify Ernst & Young as Auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 40,922,460 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: 40,922,460
Largest asset managers voting on “Ratify Ernst & Young as Auditors” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard16,034,8750 00For
State Street5,416,9860 00For
Columbia Threadneedle4,112,8490 00For
T. Rowe Price3,274,3670 00For
Fidelity2,635,1650 00For
Northern Trust2,067,8790 00For
TIAA1,309,0580 00For
Gallery Trust996,2800 00For
Lincoln Financial828,0690 00For
American Century674,7510 00For
DWS554,7810 00For
Dimensional478,3250 00For
ALPS ETF Trust327,8970 00For
JANUS INVESTMENT FUND310,0230 00For
Franklin Templeton211,9610 00For
Victory Capital205,8700 00For
AIG/SunAmerica195,1690 00For
JPMorgan189,6420 00For
PACE SELECT ADVISORS TRUST149,3580 00For
Equitable139,0390 00For
WASATCH FUNDS TRUST117,6730 00For
Brighthouse97,8930 00For
Empower95,6290 00For
Principal94,9240 00For
GuideStone72,8930 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

34. Appoint ernt and Young as auditor for sustainability reporting

No official resultsAUDIT-RELATED

99.8% of fund votes cast · no official result

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

Description as filed by funds: APPOINT ERNT AND YOUNG AS AUDITOR FOR SUSTAINABILITY REPORTING

The 11 asset managers below reported 15,229,440 for, 24,193 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: 15,229,440AGAINST: 24,193
Largest asset managers voting on “APPOINT ERNT AND YOUNG AS AUDITOR FOR SUSTAINABILITY REPORTING” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock13,886,6310 00For
Six Circles Trust590,3130 00For
Jackson National357,4980 00For
John Hancock158,8180 00For
Northern Lights Fund Trust IV89,3660 00For
Bridge Builder Trust75,2180 00For
MASTER INVESTMENT PORTFOLIO31,3490 00For
Allianz30,8300 00For
TIMOTHY PLAN024,193 00Against
CULLEN FUNDS TRUST5,1610 00For
Pacer Funds Trust4,2560 00For

35. Ratify Ernst and Young as auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

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

Description as filed by funds: RATIFY ERNST AND YOUNG AS AUDITORS

The 11 asset managers below reported 15,253,633 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: 15,253,633
Largest asset managers voting on “RATIFY ERNST AND YOUNG AS AUDITORS” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock13,886,6310 00For
Six Circles Trust590,3130 00For
Jackson National357,4980 00For
John Hancock158,8180 00For
Northern Lights Fund Trust IV89,3660 00For
Bridge Builder Trust75,2180 00For
MASTER INVESTMENT PORTFOLIO31,3490 00For
Allianz30,8300 00For
TIMOTHY PLAN24,1930 00For
CULLEN FUNDS TRUST5,1610 00For
Pacer Funds Trust4,2560 00For

36. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Appointment of Auditor” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

37. Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Appointment of Auditor for Sustainability Reporting” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

38. Authority to Set Auditor's Fees

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Authority to Set Auditor's Fees” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

39. Authority to Set Sustainability Reporting Auditor's Fees

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 3,195,027 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,195,027
Largest asset managers voting on “Authority to Set Sustainability Reporting Auditor's Fees” at UPM-Kymmene Oyj, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,005,4280 00For
Federated Hermes987,3660 00For
Russell Investments108,3770 00For
VanEck ETF Trust51,4080 00For
Venerable Variable Insurance Trust24,0260 00For
Hartford12,0390 00For
ETFis Series Trust I3,1980 00For
Prudential/PGIM1,2670 00For
Adviser Managed Trust9690 00For
Brighthouse9490 00For

Largest UPM-Kymmene Oyj 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 UPM-Kymmene Oyj shareholders by shares voted on “APPROVE REMUNERATION REPORT”, 2025-2026
#Asset manager Shares voted
1Vanguard 16,034,875
2BlackRock 13,886,631
3State Street 5,416,986
4Columbia Threadneedle 4,112,849
5T. Rowe Price 3,274,367
6Fidelity 2,635,165
7Northern Trust 2,067,879
8TIAA 1,309,058
9Gallery Trust 996,280
10Lincoln Financial 828,069
Institutional-manager reports: top UPM-Kymmene Oyj shareholders by shares voted on “APPROVE REMUNERATION REPORT”, 2025-2026
#Asset manager Shares voted
1BlackRock 26,896,842
2Life Cycle Investment Partners Ltd 1,509,674
3APG Asset Management US Inc. 1,103,605
4JPMorgan 365,785
5Siemens Fonds Invest GmbH 127,333
61832 Asset Management L.P. 26,410
7Korea Investment CORP 21,775
8Northern Trust 20,273
9Trium Capital LLP 19,879
10NATIONAL BANK INVESTMENTS INC. 2,674

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

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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.

UPM-Kymmene Oyj proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

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proxyvotesnow.com, “UPM-Kymmene Oyj 2026 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/upm-kymmene-oyj/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.