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Home › Companies › VERBUND AG › 2024-2025

VERBUND AG 2024-2025 Proxy Voting Records

At VERBUND AG's shareholder meeting held April 29, 2025, in the 2024-2025 proxy season, 69 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,685 separate fund positions. Their filings are grouped here into 24 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 — REELECT ROBERT STAJIC AS SUPERVISORY BOARD MEMBER — the reporting funds cast 94% 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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 24Reported items
  • 69Asset managers
  • 1,685Fund votes
  • April 29, 2025Meeting date

Results at a glance

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

How asset managers voted at the VERBUND AG 2024-2025 meeting

Each item below shows how the 69 asset managers that disclosed a VERBUND AG 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 VERBUND AG’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 ROBERT STAJIC AS SUPERVISORY BOARD MEMBER

No official resultsDIRECTOR ELECTIONS

94% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 3,311,721 for, 209,949 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: 3,311,721AGAINST: 209,949
Largest asset managers voting on “REELECT ROBERT STAJIC AS SUPERVISORY BOARD MEMBER” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Fidelity547,42272 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street0116,705 00Against
Six Circles Trust98,5320 00For
American Century46,8000 00For
JPMorgan45,9040 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust3,48221,121 00Mixed
Vanguard022,047 00Against
OLD WESTBURY FUNDS INC20,9000 00For
Calvert017,847 00Against
Cambria ETF Trust17,8250 00For
Equitable17,5630 00For
John Hancock9,9252,442 00Mixed
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya010,694 00Against
Jackson National9,6330 00For
Lincoln Financial08,463 00Against
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

2. Resolution to formally approve the actions of the members of the supervisory board for financial year 2024

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: RESOLUTION TO FORMALLY APPROVE THE ACTIONS OF THE MEMBERS OF THE SUPERVISORY BOARD FOR FINANCIAL YEAR 2024

The 12 asset managers below reported 2,135,583 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: 2,135,583
Largest asset managers voting on “RESOLUTION TO FORMALLY APPROVE THE ACTIONS OF THE MEMBERS OF THE SUPERVISORY BOARD FOR FINANCIAL YEAR 2024” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
TIMOTHY PLAN3,8360 00For
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

3. Elect Robert Stajic to the Supervisory Board

No official resultsDIRECTOR ELECTIONS

78% of fund votes cast · no official result

FORAGAINST
Details: votes by 7 asset managers

The 7 asset managers below reported 252,041 for, 71,872 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: 252,041AGAINST: 71,872
Largest asset managers voting on “Elect Robert Stajic to the Supervisory Board” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I071,872 00Against
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

4. Approve Spin-Off of the "Household and Small Enterprise" Business Unit to VERBUND Energy4Customers GmbH

No official resultsEXTRAORDINARY TRANSACTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 1,386,087 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,386,087
Largest asset managers voting on “Approve Spin-Off of the "Household and Small Enterprise" Business Unit to VERBUND Energy4Customers GmbH” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

5. Resolution to approve the split off of the "household and small enterprise" business unit from VERBUND AG as the…

No official resultsEXTRAORDINARY TRANSACTIONS

100% of fund votes cast · no official result

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

Description as filed by funds: RESOLUTION TO APPROVE THE SPLIT OFF OF THE "HOUSEHOLD AND SMALL ENTERPRISE" BUSINESS UNIT FROM VERBUND AG AS THE TRANSFERRING COMPANY BY MEANS OF A SPIN OFF FOR ABSORPTION RETAINING THE SHARE RATIO ON THE EFFECTIVE DATE OF THE SPIN OFF, 31 DECEMBER 2024, TO VERBUND ENERGY4CUSTOMERS GMBH, FN 524138 T, AS THE ACQUIRING COMPANY BY WAY OF UNIVERSAL SUCCESSION AND CONTINUANCE OF THE TRANSFERRING COMPANY WITHOUT THE GRANTING OF SHARES IN THE ACQUIRING COMPANY, AND APPROVAL OF THE SPIN OFF AND TAKEOVER AGREEMENT RESOLUTION ON THE SPIN OFF OF THE "HOUSEHOLD AND SMALL BUSINESS SEGMENT" DIVISION FROM VERBUND AG TO VERBUND ENERGY4CUSTOMERS GMBH AS OF THE SPIN- OFF DATE DECEMBER 31, 2024, WITHOUT SHARE ALLOCATION AND APPROVAL OF THE SPIN OFF AND TAKEOVER AGREEMENT

The 11 asset managers below reported 2,131,747 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: 2,131,747
Largest asset managers voting on “RESOLUTION TO APPROVE THE SPLIT OFF OF THE "HOUSEHOLD AND SMALL ENTERPRISE" BUSINESS UNIT FROM VERBUND AG AS T” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

6. Downstream Spin-Off

No official resultsEXTRAORDINARY TRANSACTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 323,913 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: 323,913
Largest asset managers voting on “Downstream Spin-Off” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

7. Approve Allocation of Income and Dividends of EUR 2.80 per Share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 1,386,087 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,386,087
Largest asset managers voting on “Approve Allocation of Income and Dividends of EUR 2.80 per Share” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

8. Approve Discharge of Management Board for Fiscal Year 2024

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 1,386,087 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,386,087
Largest asset managers voting on “Approve Discharge of Management Board for Fiscal Year 2024” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

9. Approve Discharge of Supervisory Board for Fiscal Year 2024

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 1,386,087 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,386,087
Largest asset managers voting on “Approve Discharge of Supervisory Board for Fiscal Year 2024” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

10. Presentation of approved 2023 annual financial statements, incl the executive boards management report and the…

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: PRESENTATION OF APPROVED 2023 ANNUAL FINANCIAL STATEMENTS, INCL THE EXECUTIVE BOARDS MANAGEMENT REPORT AND THE CORPORATE GOVERNANCE REPORT; PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS, INCL THE GROUP MANAGEMENT REPORT; PRESENTATION OF THE PROPOSAL FOR THE DISTRIBUTION OF PROFITS AND THE REPORT OF THE SUPERVISORY BOARD FOR FINANCIAL YEAR 2023

The 12 asset managers below reported 2,135,583 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: 2,135,583
Largest asset managers voting on “PRESENTATION OF APPROVED 2023 ANNUAL FINANCIAL STATEMENTS, INCL THE EXECUTIVE BOARDS MANAGEMENT REPORT AND THE” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
TIMOTHY PLAN3,8360 00For
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

11. Resolution to formally approve the actions of the members of the executive board for financial year 2024

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: RESOLUTION TO FORMALLY APPROVE THE ACTIONS OF THE MEMBERS OF THE EXECUTIVE BOARD FOR FINANCIAL YEAR 2024

The 12 asset managers below reported 2,135,583 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: 2,135,583
Largest asset managers voting on “RESOLUTION TO FORMALLY APPROVE THE ACTIONS OF THE MEMBERS OF THE EXECUTIVE BOARD FOR FINANCIAL YEAR 2024” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
TIMOTHY PLAN3,8360 00For
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

12. Presentation of Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 323,913 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: 323,913
Largest asset managers voting on “Presentation of Accounts and Reports” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

13. Ratification of Management Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 323,913 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: 323,913
Largest asset managers voting on “Ratification of Management Board Acts” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

14. Ratification of Supervisory Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 323,913 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: 323,913
Largest asset managers voting on “Ratification of Supervisory Board Acts” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

15. Receive Financial Statements and Statutory Reports for Fiscal Year 2024 (Non-Voting)

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 2 asset managers

The 2 asset managers below reported 15,566 not voted.

NOT VOTED: 15,566
Largest asset managers voting on “Receive Financial Statements and Statutory Reports for Fiscal Year 2024 (Non-Voting)” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted

16. Approve Remuneration Report

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

FOR
Details: votes by 46 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: 43 asset managers voting on “Approve Remuneration Report” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Fund voting reports, all 43 managers: 1,386,087 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 3 asset managers voting on “Approve Remuneration Report” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
APG Asset Management US Inc.139,5660 00For
JPMorgan97,0680 00For
Desjardins Global Asset Management Inc.9580 00For

Institutional-manager reports, all 3 managers: 237,592 for.

17. Approve Remuneration Policy

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 1,386,087 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,386,087
Largest asset managers voting on “Approve Remuneration Policy” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

18. Resolution to approve the remuneration report presenting the remuneration paid to the members of the executive and…

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

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

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

Description as filed by funds: RESOLUTION TO APPROVE THE REMUNERATION REPORT PRESENTING THE REMUNERATION PAID TO THE MEMBERS OF THE EXECUTIVE AND SUPERVISORY BOARDS OF VERBUND AG FOR FINANCIAL YEAR 2024

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: 12 asset managers voting on “RESOLUTION TO APPROVE THE REMUNERATION REPORT PRESENTING THE REMUNERATION PAID TO THE MEMBERS OF THE EXECUTIVE” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
TIMOTHY PLAN3,8360 00For
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

Fund voting reports, all 12 managers: 2,135,583 for.

Institutional-manager reports: 7 asset managers voting on “RESOLUTION TO APPROVE THE REMUNERATION REPORT PRESENTING THE REMUNERATION PAID TO THE MEMBERS OF THE EXECUTIVE” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock2,619,7030 00For
Siemens Fonds Invest GmbH38,3650 00For
Korea Investment CORP34,3410 00For
Northern Trust18,0900 00For
1832 Asset Management L.P.2,5800 00For
NATIONAL BANK TRUST INC.4120 00For
XPONANCE, INC.980 00For

Institutional-manager reports, all 7 managers: 2,713,589 for.

19. Resolution to approve the (amended) remuneration policy for the executive board of VERBUND AG

No official resultsFund totals may overlapCOMPENSATIONCORPORATE GOVERNANCE

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

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: RESOLUTION TO APPROVE THE (AMENDED) REMUNERATION POLICY FOR THE EXECUTIVE BOARD OF VERBUND AG

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: 12 asset managers voting on “RESOLUTION TO APPROVE THE (AMENDED) REMUNERATION POLICY FOR THE EXECUTIVE BOARD OF VERBUND AG” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
TIMOTHY PLAN3,8360 00For
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

Fund voting reports, all 12 managers: 2,135,583 for.

Institutional-manager reports: 1 asset manager voting on “RESOLUTION TO APPROVE THE (AMENDED) REMUNERATION POLICY FOR THE EXECUTIVE BOARD OF VERBUND AG” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock2,619,7030 00For

Institutional-manager reports, all 1 managers: 2,619,703 for.

20. Management Board Remuneration Policy

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

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

FOR
Details: votes by 8 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 7 asset managers voting on “Management Board Remuneration Policy” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

Fund voting reports, all 7 managers: 323,913 for.

Institutional-manager reports: 1 asset manager voting on “Management Board Remuneration Policy” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
ALGERT GLOBAL LLC38,9570 00For

Institutional-manager reports, all 1 managers: 38,957 for.

21. Remuneration Report

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

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

FOR
Details: votes by 8 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 7 asset managers voting on “Remuneration Report” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

Fund voting reports, all 7 managers: 323,913 for.

Institutional-manager reports: 1 asset manager voting on “Remuneration Report” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
ALGERT GLOBAL LLC38,9570 00For

Institutional-manager reports, all 1 managers: 38,957 for.

22. Ratify Ernst & Young as Auditors and as Auditor for the Sustainability Reporting for Fiscal Year 2025

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 1,386,087 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,386,087
Largest asset managers voting on “Ratify Ernst & Young as Auditors and as Auditor for the Sustainability Reporting for Fiscal Year 2025” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fidelity547,4940 00For
Dimensional241,1080 00For
TIAA145,8810 00For
State Street116,7050 00For
American Century46,8000 00For
First Trust33,5610 00For
WisdomTree26,7940 00For
Northern Trust24,6030 00For
Vanguard22,0470 00For
OLD WESTBURY FUNDS INC20,9000 00For
Calvert17,8470 00For
Equitable17,5630 00For
AIG/SunAmerica12,2130 00For
Empower11,7100 00For
Voya10,6940 00For
Lincoln Financial8,4630 00For
DWS7,6520 00For
PRAXIS FUNDS6,8990 00For
Franklin Templeton6,4420 00For
Nationwide6,1970 00For
Eaton Vance5,7630 00For
GuideStone5,2550 00For
T. Rowe Price5,0520 00For
Allspring4,3190 00For
New York Life4,2850 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

23. Ratify Ernst and Young as auditors and as auditor for the sustainability reporting for fiscal year 2025

No official resultsAUDIT-RELATED

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: RATIFY ERNST AND YOUNG AS AUDITORS AND AS AUDITOR FOR THE SUSTAINABILITY REPORTING FOR FISCAL YEAR 2025

The 12 asset managers below reported 2,131,747 for, 3,836 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: 2,131,747AGAINST: 3,836
Largest asset managers voting on “RATIFY ERNST AND YOUNG AS AUDITORS AND AS AUDITOR FOR THE SUSTAINABILITY REPORTING FOR FISCAL YEAR 2025” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,930,3910 00For
Six Circles Trust98,5320 00For
JPMorgan45,9040 00For
Cambria ETF Trust17,8250 00For
John Hancock12,3670 00For
Jackson National9,6330 00For
Allianz4,8510 00For
MASTER INVESTMENT PORTFOLIO4,1620 00For
Bridge Builder Trust4,0830 00For
TIMOTHY PLAN03,836 00Against
Northern Lights Fund Trust IV3,3840 00For
RBB FUND, INC.6150 00For

24. Appointment of Auditor; Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 323,913 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: 323,913
Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting” at VERBUND AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab203,9830 00For
IMPAX FUNDS SERIES TRUST I71,8720 00For
Global X18,5840 00For
VanEck ETF Trust11,0460 00For
Russell Investments9,1570 00For
Prudential/PGIM9,1390 00For
Federated Hermes1320 00For

Largest VERBUND AG shareholders voting in 2024-2025

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

Fund voting reports: top VERBUND AG shareholders by shares voted on “REELECT ROBERT STAJIC AS SUPERVISORY BOARD MEMBER”, 2024-2025
#Asset manager Shares voted
1BlackRock 1,930,391
2Fidelity 547,494
3Dimensional 241,108
4TIAA 145,881
5State Street 116,705
6Six Circles Trust 98,532
7American Century 46,800
8JPMorgan 45,904
9First Trust 33,561
10WisdomTree 26,794
Institutional-manager reports: top VERBUND AG shareholders by shares voted on “RESOLUTION TO APPROVE THE REMUNERATION REPORT PRESENTING THE REMUNERATION PAID TO THE MEMBERS…”, 2024-2025
#Asset manager Shares voted
1BlackRock 2,619,703
2Siemens Fonds Invest GmbH 38,365
3Korea Investment CORP 34,341
4Northern Trust 18,090
51832 Asset Management L.P. 2,580
6NATIONAL BANK TRUST INC. 412
7XPONANCE, INC. 98

Shown as share counts, not percentages: no shares-outstanding figure has been matched to VERBUND AG for the 2024-2025 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.

VERBUND AG proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “VERBUND AG 2025 Annual Meeting: Shareholder Vote Results & Fund Votes”, https://proxyvotesnow.com/company/verbund-ag/2025 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.