Home › Companies › Walmart Inc. › 2025-2026

Walmart Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Walmart Inc.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

30Reported items
1,716Asset managers
28,465Fund votes
2026-06-04Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Walmart Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Walmart Inc.

These tallies are Walmart Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Walmart Inc. — official shareholder meeting results, meeting held 2026-06-04
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Cesar Conde	6,475,579,143	50,164,479	4,831,814	--	633,971,647	Majority: yes
Elect Director: Sarah J. Friar	6,514,321,598	11,700,270	4,553,568	--	633,971,647	Majority: yes
Elect Director: John R. Furner	6,485,530,053	40,316,465	4,728,918	--	633,971,647	Majority: yes
Elect Director: Carla A. Harris	6,352,545,569	173,494,253	4,535,614	--	633,971,647	Majority: yes
Elect Director: Thomas W. Horton	6,413,736,523	111,888,677	4,950,236	--	633,971,647	Majority: yes
Elect Director: Marissa A. Mayer	6,466,604,047	59,398,938	4,572,451	--	633,971,647	Majority: yes
Elect Director: Shishir Mehrotra	6,492,644,977	32,899,188	5,031,271	--	633,971,647	Majority: yes
Elect Director: Robert E. Moritz, Jr.	6,465,496,802	60,064,343	5,014,291	--	633,971,647	Majority: yes
Elect Director: Gregory B. Penner	6,348,541,000	177,035,049	4,999,387	--	633,971,647	Majority: yes
Elect Director: Randall L. Stephenson	6,274,541,334	247,546,757	8,487,345	--	633,971,647	Majority: yes
Elect Director: Steuart L. Walton	6,484,158,261	41,690,946	4,726,229	--	633,971,647	Majority: yes
Ratification of Independent Accountants. The Company's shareholders voted upon and approved the ratification of the appointment of Ernst & Young LLP to serve as the Company's independent registered public accounting firm for the fiscal year	6,985,709,983	172,769,575	6,067,525	--	--	Majority: yes
Advisory Vote to Approve Named Executive Officer Compensation. The Company's shareholders voted upon and approved, by nonbinding, advisory vote, the compensation of the Company's named executive officers, as described in the Proxy Statement	6,263,129,484	256,160,712	11,285,240	--	633,971,647	Majority: yes
Approval of an Amendment to the Certificate of Incorporation. The Company's shareholders voted upon and approved the Charter Amendment .	6,153,086,052	370,166,105	7,323,279	--	633,971,647	Majority: yes
The Company's shareholders voted upon and rejected a shareholder proposal requesting cumulative voting for board elections.	122,306,285	6,390,550,159	17,718,992	--	633,971,647	Majority: no
Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on workplace health and safety governance.	433,230,655	6,013,774,452	83,570,329	--	633,971,647	Majority: no
The Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on immigration policy and enforcement.	278,449,353	6,174,725,696	77,400,387	--	633,971,647	Majority: no
Finally, the Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on the workforce impact of AI and automation.	323,453,709	6,138,362,361	68,759,366	--	633,971,647	Majority: no

Source: Walmart Inc., Form 8-K — read the filing on EDGAR.

How asset managers voted at the Walmart Inc. 2025-2026 meeting

Each item below shows how the 1,716 asset managers that disclosed a Walmart Inc. 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 Walmart Inc.’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. ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 45 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 6,263,129,484AGAINST: 256,160,712

Walmart Inc.’s own tally for this item (“Advisory Vote to Approve Named Executive Officer Compensation. The Company's shareholders voted upon and approved, by nonbinding, advisory vote, the compensation of the Company's named executive officers, as described in”): 6,263,129,484 for, 256,160,712 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 79% for, 3% against (82% of the company cast a for/against vote).

The 1,654 asset managers below cast 95% of the shares they voted on this item FOR (2,499,853,612 for, 140,969,492 against).

FOR 95%

FOR: 2,499,853,612 (94.6%)AGAINST: 140,969,492 (5.3%)ABSTAIN: 564,967 (0.0%)NOT VOTED: 470,513 (0.0%)SPLIT: 225,208 (0.0%)UNKNOWN: 44,179 (0.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	425,028,635	4,988	173	For
BlackRock	305,711,191	17,799	0	For
Invesco	284,199,262	55	2	For
Fidelity	135,659,895	0	0	For
State Street	106,305,635	1,301,298	0	For
GEODE CAPITAL MANAGEMENT, LLC	105,800,754	0	0	For
Charles Schwab	58,228,870	0	0	For
JPMorgan	50,393,980	0	0	For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	38,994,947	0	0	For
Northern Trust	38,354,746	341,034	0	For
Fisher Asset Management, LLC	37,408,792	0	0	For
T. Rowe Price	36,620,464	714,425	0	For
Putnam	24,324,739	0	0	For
Capital Group	24,255,492	0	600	For
Nuveen	22,871,898	384	0	For
MELLON INVESTMENTS Corp	22,627,095	0	0	For
Goldman Sachs	21,996,032	0	0	For
TIAA	20,914,487	0	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	20,348,552	0	0	For
UBS	19,407,924	84,693	0	For
JENNISON ASSOCIATES LLC	18,703,299	0	0	For
Legal & General Investment Management Ltd	533,589	16,809,142	0	Against
WELLS FARGO CLEARING SERVICES, LLC	17,112,733	0	0	For
Amundi	0	15,576,158	0	Against
Six Circles Trust	15,253,446	0	0	For

Showing the 25 largest of 1,654 asset managers. See all 1,654 in the interactive database.

2. Ratification of Ernst & Young LLP as Independent Accountants

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 6,985,709,983AGAINST: 172,769,575

Walmart Inc.’s own tally for this item (“Ratification of Independent Accountants. The Company's shareholders voted upon and approved the ratification of the appointment of Ernst & Young LLP to serve as the Company's independent registered public accounting firm”): 6,985,709,983 for, 172,769,575 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 88% for, 2% against (90% of the company cast a for/against vote).

The 249 asset managers below cast 99.6% of the shares they voted on this item FOR (1,069,819,267 for, 4,211,668 against).

FOR 99.5%

FOR: 1,069,819,267 (99.6%)AGAINST: 4,211,668 (0.4%)ABSTAIN: 276,117 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Ratification of Ernst & Young LLP as Independent Accountants” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	380,978,230	461,580	67	For
Invesco	136,672,664	0	0	For
BlackRock	119,221,921	24,890	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,763,761	611	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,857,647	5,016	0	For

Showing the 25 largest of 249 asset managers. See all 249 in the interactive database.

3. Request for Cumulative Voting for Board Elections

SHAREHOLDER RIGHTS AND DEFENSESMajority of the votes cast: no

Meeting held 2026-06-04.

Combines 6 wordings of this item as funds reported it.

2% Majority: no · of votes cast

AGAINST 98%

FOR: 122,306,285AGAINST: 6,390,550,159

Walmart Inc.’s own tally for this item (“The Company's shareholders voted upon and rejected a shareholder proposal requesting cumulative voting for board elections.”): 122,306,285 for, 6,390,550,159 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 2% for, 80% against (82% of the company cast a for/against vote).

The 245 asset managers below cast 1% of the shares they voted on this item FOR (13,875,986 for, 1,059,948,384 against).

AGAINST 99%

FOR: 13,875,986 (1.3%)AGAINST: 1,059,948,384 (98.7%)ABSTAIN: 428,887 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Request for Cumulative Voting for Board Elections” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	2,194	381,437,400	287	Against
Invesco	0	136,672,664	0	Against
BlackRock	0	119,246,811	0	Against
Fidelity	0	112,760,430	0	Against
JPMorgan	0	48,008,650	0	Against
State Street	0	32,764,372	0	Against
Charles Schwab	0	27,770,384	0	Against
TIAA	0	20,527,597	0	Against
Six Circles Trust	0	15,253,446	0	Against
Columbia Threadneedle	0	13,615,657	0	Against
Capital Group	0	12,357,896	0	Against
Putnam	0	9,701,866	0	Against
T. Rowe Price	0	9,404,523	0	Against
ProShares	0	8,280,461	0	Against
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	0	6,879,200	0	Against
MASTER INVESTMENT PORTFOLIO	0	6,708,718	0	Against
Jackson National	0	6,230,028	0	Against
Dimensional	0	4,014,655	0	Against
HARBOR FUNDS	0	3,988,046	0	Against
Victory Capital	0	3,615,129	0	Against
Equitable	96,697	3,496,589	0	Against
NEOS ETF Trust	0	3,372,293	0	Against
American Century	2,904,088	0	0	For
Global X	0	2,862,663	0	Against

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

4. Report on Workplace Health and Safety Governance

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEMajority of the votes cast: no

Meeting held 2026-06-04.

Combines 6 wordings of this item as funds reported it.

7% Majority: no · of votes cast

AGAINST 93%

FOR: 433,230,655AGAINST: 6,013,774,452

Walmart Inc.’s own tally for this item (“Next, the Company's shareholders voted upon and rejected a shareholder proposal requesting a report on workplace health and safety governance.”): 433,230,655 for, 6,013,774,452 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 5% for, 76% against (81% of the company cast a for/against vote).

The 245 asset managers below cast 2% of the shares they voted on this item FOR (19,185,551 for, 1,036,285,183 against).

AGAINST 96%

FOR: 19,185,551 (1.8%)AGAINST: 1,036,285,183 (96.5%)ABSTAIN: 18,776,211 (1.7%)UNKNOWN: 27,768 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Report on Workplace Health and Safety Governance” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	472,692	378,829,261	2,137,925	Against
Invesco	0	136,672,664	0	Against
BlackRock	8,365,111	110,881,700	0	Against
Fidelity	0	112,760,430	0	Against
JPMorgan	0	48,008,650	0	Against
State Street	13,148	32,751,224	0	Against
Charles Schwab	0	27,770,384	0	Against
TIAA	0	20,527,597	0	Against
Six Circles Trust	0	15,253,446	0	Against
Columbia Threadneedle	0	13,615,657	0	Against
Capital Group	0	12,357,896	0	Against
Putnam	0	9,701,866	0	Against
T. Rowe Price	0	9,404,523	0	Against
ProShares	0	8,280,461	0	Against
FRANKLIN MANAGED TRUST	0	7,355,000	0	Against
Prudential/PGIM	0	1,876,093	5,003,107	Abstain
MASTER INVESTMENT PORTFOLIO	87,135	6,621,583	0	Against
Jackson National	489,933	5,740,095	0	Against
Dimensional	0	4,014,655	0	Against
HARBOR FUNDS	0	0	3,988,046	Abstain
Victory Capital	0	3,615,129	0	Against
Equitable	10,801	3,582,485	0	Against
NEOS ETF Trust	0	3,372,293	0	Against
American Century	0	2,904,088	0	Against
Global X	119,706	2,742,957	0	Against

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

5. Report on Immigration Policy & Enforcement

DIVERSITY, EQUITY, AND INCLUSIONMajority of the votes cast: no

Meeting held 2026-06-04.

Combines 10 wordings of this item as funds reported it.

4% Majority: no · of votes cast

AGAINST 96%

FOR: 278,449,353AGAINST: 6,174,725,696

Walmart Inc.’s own tally for this item (“The Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on immigration policy and enforcement.”): 278,449,353 for, 6,174,725,696 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 3% for, 78% against (81% of the company cast a for/against vote).

The 245 asset managers below cast 3% of the shares they voted on this item FOR (30,405,242 for, 1,037,475,968 against).

AGAINST 97%

FOR: 30,405,242 (2.8%)AGAINST: 1,037,475,968 (96.6%)ABSTAIN: 6,365,734 (0.6%)UNKNOWN: 27,768 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Report on Immigration Policy & Enforcement” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	2,606,185	378,832,283	1,409	Against
Invesco	0	136,672,664	0	Against
BlackRock	47,637	119,199,174	0	Against
Fidelity	0	112,760,430	0	Against
JPMorgan	0	48,008,650	0	Against
State Street	611	32,763,761	0	Against
Charles Schwab	10,433	27,759,951	0	Against
TIAA	0	20,527,597	0	Against
Six Circles Trust	0	15,253,446	0	Against
Columbia Threadneedle	0	13,615,657	0	Against
Capital Group	0	12,357,896	0	Against
Putnam	0	9,701,866	0	Against
T. Rowe Price	0	9,404,523	0	Against
ProShares	0	8,280,461	0	Against
FRANKLIN MANAGED TRUST	0	7,355,000	0	Against
Prudential/PGIM	6,660,286	218,914	0	For
MASTER INVESTMENT PORTFOLIO	0	6,708,718	0	Against
Jackson National	0	6,230,028	0	Against
Dimensional	0	4,014,655	0	Against
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	0	3,615,129	0	Against
Equitable	10,801	3,582,485	0	Against
NEOS ETF Trust	3,372,293	0	0	For
American Century	0	2,904,088	0	Against
Global X	2,862,663	0	0	For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

6. Report on Workforce Impact of Al and Automation

OTHER SOCIAL ISSUESMajority of the votes cast: no

Meeting held 2026-06-04.

Combines 10 wordings of this item as funds reported it.

5% Majority: no · of votes cast

AGAINST 95%

FOR: 323,453,709AGAINST: 6,138,362,361

Walmart Inc.’s own tally for this item (“Finally, the Company's shareholders then voted upon and rejected a shareholder proposal requesting a report on the workforce impact of AI and automation.”): 323,453,709 for, 6,138,362,361 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 4% for, 77% against (81% of the company cast a for/against vote).

The 245 asset managers below cast 2% of the shares they voted on this item FOR (18,001,842 for, 1,049,924,206 against).

AGAINST 98%

FOR: 18,001,842 (1.7%)AGAINST: 1,049,924,206 (97.7%)ABSTAIN: 6,320,897 (0.6%)UNKNOWN: 27,768 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Report on Workforce Impact of Al and Automation” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	2,606,734	378,831,843	1,301	Against
Invesco	0	136,672,664	0	Against
BlackRock	103,080	119,143,731	0	Against
Fidelity	0	112,760,430	0	Against
JPMorgan	0	48,008,650	0	Against
State Street	13,148	32,751,224	0	Against
Charles Schwab	0	27,770,384	0	Against
TIAA	0	20,527,597	0	Against
Six Circles Trust	0	15,253,446	0	Against
Columbia Threadneedle	0	13,615,657	0	Against
Capital Group	0	12,357,896	0	Against
Putnam	0	9,701,866	0	Against
T. Rowe Price	0	9,404,523	0	Against
ProShares	0	8,280,461	0	Against
FRANKLIN MANAGED TRUST	0	7,355,000	0	Against
Prudential/PGIM	5,003,107	1,876,093	0	For
MASTER INVESTMENT PORTFOLIO	0	6,708,718	0	Against
Jackson National	0	6,230,028	0	Against
Dimensional	0	4,014,655	0	Against
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	0	3,615,129	0	Against
Equitable	10,801	3,582,485	0	Against
NEOS ETF Trust	0	3,372,293	0	Against
American Century	0	2,904,088	0	Against
Global X	119,706	2,742,957	0	Against

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

7. Election of Directors: Cesar Conde

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 8 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 6,475,579,143AGAINST: 50,164,479

Walmart Inc.’s own tally for this item (“Elect Director: Cesar Conde”): 6,475,579,143 for, 50,164,479 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 81% for, 0.7% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (1,073,858,450 for, 109,083 against).

FOR 99.9%

FOR: 1,073,858,450 (100.0%)AGAINST: 109,083 (0.0%)ABSTAIN: 276,134 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Cesar Conde” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,438,826	964	84	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,372	0	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

8. Election of Directors: Sarah J. Friar

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 9 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 6,514,321,598AGAINST: 11,700,270

Walmart Inc.’s own tally for this item (“Elect Director: Sarah J. Friar”): 6,514,321,598 for, 11,700,270 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 82% for, 0.2% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (1,073,859,197 for, 108,341 against).

FOR 99.9%

FOR: 1,073,859,197 (100.0%)AGAINST: 108,341 (0.0%)ABSTAIN: 276,130 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Sarah J. Friar” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,439,573	222	80	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,372	0	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

9. Election of Directors: John R. Furner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 9 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 6,485,530,053AGAINST: 40,316,465

Walmart Inc.’s own tally for this item (“Elect Director: John R. Furner”): 6,485,530,053 for, 40,316,465 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 81% for, 0.6% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (1,073,769,116 for, 198,416 against).

FOR 99.9%

FOR: 1,073,769,116 (100.0%)AGAINST: 198,416 (0.0%)ABSTAIN: 276,133 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: John R. Furner” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,439,014	775	83	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,049	323	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,593,286	0	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

10. Election of Directors: Carla A. Harris

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 9 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 6,352,545,569AGAINST: 173,494,253

Walmart Inc.’s own tally for this item (“Elect Director: Carla A. Harris”): 6,352,545,569 for, 173,494,253 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 80% for, 2% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.8% of the shares they voted on this item FOR (1,072,089,044 for, 1,878,496 against).

FOR 99.7%

FOR: 1,072,089,044 (99.8%)AGAINST: 1,878,496 (0.2%)ABSTAIN: 276,130 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Carla A. Harris” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,436,606	3,191	80	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,372	0	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

11. Election of Directors: Thomas W. Horton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 10 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 6,413,736,523AGAINST: 111,888,677

Walmart Inc.’s own tally for this item (“Elect Director: Thomas W. Horton”): 6,413,736,523 for, 111,888,677 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 81% for, 1% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.7% of the shares they voted on this item FOR (1,071,413,929 for, 2,553,602 against).

FOR 99.7%

FOR: 1,071,413,929 (99.7%)AGAINST: 2,553,602 (0.2%)ABSTAIN: 276,137 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Thomas W. Horton” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,437,781	2,007	87	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,763,761	611	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

12. Election of Directors: Marissa A. Mayer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 9 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 6,466,604,047AGAINST: 59,398,938

Walmart Inc.’s own tally for this item (“Elect Director: Marissa A. Mayer”): 6,466,604,047 for, 59,398,938 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 81% for, 0.8% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.7% of the shares they voted on this item FOR (1,071,517,640 for, 2,449,897 against).

FOR 99.7%

FOR: 1,071,517,640 (99.7%)AGAINST: 2,449,897 (0.2%)ABSTAIN: 276,130 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Marissa A. Mayer” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,438,693	1,101	80	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,763,761	611	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

13. Election of Directors: Shishir Mehrotra

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 8 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 6,492,644,977AGAINST: 32,899,188

Walmart Inc.’s own tally for this item (“Elect Director: Shishir Mehrotra”): 6,492,644,977 for, 32,899,188 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 82% for, 0.5% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (1,073,845,851 for, 121,681 against).

FOR 99.9%

FOR: 1,073,845,851 (100.0%)AGAINST: 121,681 (0.0%)ABSTAIN: 276,137 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Shishir Mehrotra” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,439,173	616	87	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,372	0	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,593,286	0	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

14. Election of Directors: Robert E. Moritz, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 11 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 6,465,496,802AGAINST: 60,064,343

Walmart Inc.’s own tally for this item (“Elect Director: Robert E. Moritz, Jr.”): 6,465,496,802 for, 60,064,343 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 81% for, 0.8% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (1,073,849,180 for, 118,349 against).

FOR 99.9%

FOR: 1,073,849,180 (100.0%)AGAINST: 118,349 (0.0%)ABSTAIN: 276,138 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Robert E. Moritz, Jr.” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,438,657	1,129	88	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,372	0	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

15. Election of Directors: Gregory B. Penner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 10 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 6,348,541,000AGAINST: 177,035,049

Walmart Inc.’s own tally for this item (“Elect Director: Gregory B. Penner”): 6,348,541,000 for, 177,035,049 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 80% for, 2% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.8% of the shares they voted on this item FOR (1,072,600,255 for, 1,367,276 against).

FOR 99.8%

FOR: 1,072,600,255 (99.8%)AGAINST: 1,367,276 (0.1%)ABSTAIN: 276,138 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Gregory B. Penner” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,436,387	3,401	88	For
Invesco	136,672,664	0	0	For
BlackRock	119,168,621	78,190	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,751,512	12,860	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,747,973	114,690	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

16. Election of Directors: Randall L. Stephenson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 9 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 6,274,541,334AGAINST: 247,546,757

Walmart Inc.’s own tally for this item (“Elect Director: Randall L. Stephenson”): 6,274,541,334 for, 247,546,757 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 79% for, 3% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.7% of the shares they voted on this item FOR (1,070,807,553 for, 3,159,980 against).

FOR 99.6%

FOR: 1,070,807,553 (99.7%)AGAINST: 3,159,980 (0.3%)ABSTAIN: 276,136 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Randall L. Stephenson” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	380,976,784	463,007	86	For
Invesco	136,672,664	0	0	For
BlackRock	119,143,731	103,080	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,751,835	12,537	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,742,957	119,706	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

17. Election of Directors: Steuart L. Walton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 9 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 6,484,158,261AGAINST: 41,690,946

Walmart Inc.’s own tally for this item (“Elect Director: Steuart L. Walton”): 6,484,158,261 for, 41,690,946 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 81% for, 0.6% against (82% of the company cast a for/against vote).

The 241 asset managers below cast 99.9% of the shares they voted on this item FOR (1,073,734,552 for, 232,982 against).

FOR 99.9%

FOR: 1,073,734,552 (100.0%)AGAINST: 232,982 (0.0%)ABSTAIN: 276,133 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Election of Directors: Steuart L. Walton” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	381,438,998	793	83	For
Invesco	136,672,664	0	0	For
BlackRock	119,246,811	0	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	48,008,650	0	0	For
State Street	32,764,049	323	0	For
Charles Schwab	27,770,384	0	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	7,355,000	0	0	For
Prudential/PGIM	6,879,200	0	0	For
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,230,028	0	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	3,988,046	0	0	For
Victory Capital	3,615,129	0	0	For
Equitable	3,582,485	10,801	0	For
NEOS ETF Trust	3,372,293	0	0	For
American Century	2,904,088	0	0	For
Global X	2,862,663	0	0	For

Showing the 25 largest of 241 asset managers. See all 241 in the interactive database.

18. Approval of an Amendment to our Restated Certificate of Incorporation to limit the liability of certain officers as permitted by Delaware law

CORPORATE GOVERNANCEMajority of the votes cast: yes

Meeting held 2026-06-04.

Combines 3 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 6,153,086,052AGAINST: 370,166,105

Walmart Inc.’s own tally for this item (“Approval of an Amendment to the Certificate of Incorporation. The Company's shareholders voted upon and approved the Charter Amendment .”): 6,153,086,052 for, 370,166,105 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 77% for, 5% against (82% of the company cast a for/against vote).

The 236 asset managers below cast 92% of the shares they voted on this item FOR (985,431,872 for, 87,087,750 against).

FOR 92%8%

FOR: 985,431,872 (91.9%)AGAINST: 87,087,750 (8.1%)ABSTAIN: 276,181 (0.0%)UNKNOWN: 21,459 (0.0%)NOT VOTED: 4,340 (0.0%)

Largest asset managers voting on “Approval of an Amendment to our Restated Certificate of Incorporation to limit the liability of certain office” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	378,838,101	2,601,644	131	For
Invesco	134,429,479	2,243,185	0	For
BlackRock	119,125,668	121,143	0	For
Fidelity	112,760,430	0	0	For
JPMorgan	0	48,008,650	0	Against
State Street	32,758,425	5,947	0	For
Charles Schwab	27,759,951	10,433	0	For
TIAA	20,527,597	0	0	For
Six Circles Trust	15,253,446	0	0	For
Columbia Threadneedle	13,615,657	0	0	For
Capital Group	12,357,896	0	0	For
Putnam	9,701,866	0	0	For
T. Rowe Price	9,404,523	0	0	For
ProShares	8,280,461	0	0	For
FRANKLIN MANAGED TRUST	0	7,355,000	0	Against
Prudential/PGIM	1,876,093	5,003,107	0	Against
MASTER INVESTMENT PORTFOLIO	6,708,718	0	0	For
Jackson National	6,026,419	203,609	0	For
Dimensional	4,014,655	0	0	For
HARBOR FUNDS	0	3,988,046	0	Against
Victory Capital	3,615,129	0	0	For
Equitable	3,000,710	592,576	0	For
NEOS ETF Trust	0	3,372,293	0	Against
American Century	2,904,088	0	0	For
Global X	0	2,862,663	0	Against

Showing the 25 largest of 236 asset managers. See all 236 in the interactive database.

19. SECTION 14A EXECUTIVE COMPENSATION

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-06-04.

96% Majority: yes · of votes cast

FOR 96%

FOR: 6,263,129,484AGAINST: 256,160,712

The 35 asset managers below cast 99.7% of the shares they voted on this item FOR (511,414 for, 1,397 against).

FOR 70%ABSTAIN 26%

FOR: 511,414 (70.0%)AGAINST: 1,397 (0.2%)ABSTAIN: 190,234 (26.0%)NOT VOTED: 27,500 (3.8%)

Largest asset managers voting on “SECTION 14A EXECUTIVE COMPENSATION” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	190,234	Abstain
WESPAC Advisors SoCal, LLC	129,499	0	0	For
Bell & Brown Wealth Advisors, LLC	56,863	0	0	For
Claret Asset Management Corp	54,884	0	0	For
PEDDOCK CAPITAL ADVISORS, LLC	42,843	0	0	For
Baker Avenue Asset Management, LP	38,423	0	0	For
WILLIAMSBURG INVESTMENT TRUST	0	0	0	Not Voted
BUTENSKY & COHEN FINANCIAL SECURITY, INC	27,451	0	0	For
OLD SECOND NATIONAL BANK OF AURORA	24,604	0	0	For
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV	21,165	0	0	For
REXFORD CAPITAL INC	17,021	0	0	For
EAGLE GLOBAL ADVISORS LLC	16,778	0	0	For
River Street Advisors LLC	12,105	0	0	For
COURIER CAPITAL LLC	11,923	0	0	For
McGowan Group Asset Management, Inc.	8,193	0	0	For
NORTHERN LIGHTS FUND TRUST II	7,072	0	0	For
Williamson Legacy Group, LLC	6,856	0	0	For
Thoma Capital Management LLC	6,377	0	0	For
Elevation Series Trust	6,225	0	0	For
KTF INVESTMENTS, LLC	5,100	0	0	For
TEALWOOD ASSET MANAGEMENT INC	4,475	0	0	For
Inlet Private Wealth, LLC	4,242	0	0	For
K.J. Harrison & Partners Inc	3,437	0	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	2,671	0	0	For
PINNEY & SCOFIELD, INC.	0	1,097	0	Against

Showing the 25 largest of 35 asset managers. See all 35 in the interactive database.

20. Advisory Vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-05 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

Combines 3 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 6,338,327,929AGAINST: 319,798,762

Walmart Inc.’s own tally for this item (“Advisory Vote to Approve Named Executive Officer Compensation. The Company's shareholders voted upon and approved, by nonbinding, advisory vote, the compensation of the Company's named executive officers, as described in”): 6,338,327,929 for, 319,798,762 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 80% for, 4% against (84% of the company cast a for/against vote).

The 11 asset managers below cast 83% of the shares they voted on this item FOR (749,484 for, 152,928 against).

FOR 83%AGAINST 17%

FOR: 749,484 (83.1%)AGAINST: 152,928 (16.9%)

Largest asset managers voting on “Advisory Vote to Approve Named Executive Officer Compensation” at Walmart Inc., 2025-2026
Asset manager	For	Against	Vote
Investment Management Corp of Ontario	478,074	0	For
OSSIAM	0	152,928	Against
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC	150,504	0	For
IMA Advisory Services, Inc.	42,406	0	For
Slow Capital, Inc.	36,720	0	For
NORRIS PERNE & FRENCH LLP/MI	10,941	0	For
FIRST UNITED BANK & TRUST	10,147	0	For
NORTHERN LIGHTS FUND TRUST II	8,411	0	For
Hodges Capital Management Inc.	6,665	0	For
Fischer Financial Services, Inc.	4,098	0	For
Philip James Wealth Mangement, LLC	1,518	0	For

21. Approve Director Liability Insurance

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-06-04.

Combines 2 wordings of this item as funds reported it.

19% fund support · no official result

FOR 19%AGAINST 81%

The 9 asset managers below cast 19% of the shares they voted on this item FOR (56,890 for, 235,736 against).

FOR: 56,890 (19.4%)AGAINST: 235,736 (80.6%)

Largest asset managers voting on “Approve Director Liability Insurance” at Walmart Inc., 2025-2026
Asset manager	For	Against	Vote
MARCO INVESTMENT MANAGEMENT LLC	0	229,511	Against
WILLIAMSBURG INVESTMENT TRUST	27,500	0	For
McGowan Group Asset Management, Inc.	8,193	0	For
NORTHERN LIGHTS FUND TRUST II	7,072	0	For
Williamson Legacy Group, LLC	6,856	0	For
Elevation Series Trust	0	6,225	Against
TEALWOOD ASSET MANAGEMENT INC	4,475	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	2,671	0	For
ESL Trust Services, LLC	123	0	For

22. S/H Proposal - Corporate Governance

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: no

Meeting held 2026-06-04.

Combines 2 wordings of this item as funds reported it.

7% Majority: no · of votes cast

AGAINST 93%

FOR: 433,230,655AGAINST: 6,013,774,452

The 9 asset managers below cast 30% of the shares they voted on this item FOR (15,548 for, 36,772 against).

FOR 19%AGAINST 46.1%NOT VOTED 34%

FOR: 15,548 (19.5%)AGAINST: 36,772 (46.1%)NOT VOTED: 27,500 (34.5%)

Largest asset managers voting on “S/H Proposal - Corporate Governance” at Walmart Inc., 2025-2026
Asset manager	For	Against	Vote
WILLIAMSBURG INVESTMENT TRUST	0	0	Not Voted
HARBOUR INVESTMENT MANAGEMENT LLC	0	10,684	Against
Members Trust Co	8,692	0	For
McGowan Group Asset Management, Inc.	0	8,193	Against
NORTHERN LIGHTS FUND TRUST II	0	7,072	Against
Williamson Legacy Group, LLC	6,856	0	For
Elevation Series Trust	0	6,225	Against
TEALWOOD ASSET MANAGEMENT INC	0	4,475	Against
ESL Trust Services, LLC	0	123	Against

23. Election of Directors (Majority Voting)

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-06-04.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 8 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at Walmart Inc., 2025-2026
Asset manager	For	Vote
HARBOUR INVESTMENT MANAGEMENT LLC	29,381	For
WILLIAMSBURG INVESTMENT TRUST	27,500	For
McGowan Group Asset Management, Inc.	8,193	For
NORTHERN LIGHTS FUND TRUST II	7,072	For
Williamson Legacy Group, LLC	6,856	For
Elevation Series Trust	6,225	For
TEALWOOD ASSET MANAGEMENT INC	4,475	For
ESL Trust Services, LLC	123	For

24. Amend Certificate of Incorporation to Limit the Liability of Certain Officers

CORPORATE GOVERNANCEMajority of the votes cast: yes

Meeting held 2026-06-04.

94% Majority: yes · of votes cast

FOR 94%

FOR: 6,153,086,052AGAINST: 370,166,105

The 7 asset managers below cast 85% of the shares they voted on this item FOR (977,209 for, 173,884 against).

FOR 85%AGAINST 15%

FOR: 977,209 (84.9%)AGAINST: 173,884 (15.1%)

Largest asset managers voting on “Amend Certificate of Incorporation to Limit the Liability of Certain Officers” at Walmart Inc., 2025-2026
Asset manager	For	Against	Vote
Empower	737,574	173,884	For
Erste Asset Management GmbH	117,210	0	For
CLEARWATER INVESTMENT TRUST	67,706	0	For
OARSMAN CAPITAL, INC.	36,452	0	For
Lincoln Financial	18,128	0	For
Dorsey Wright & Associates	97	0	For
UNIFIED SERIES TRUST	42	0	For

25. Advisory Vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2026-04-10; no official results on file for that date.

0.8% fund support · no official result

AGAINST 99%

The 3 asset managers below cast 0.8% of the shares they voted on this item FOR (14,221 for, 1,864,742 against).

FOR: 14,221 (0.8%)AGAINST: 1,864,742 (98.9%)NOT VOTED: 7,094 (0.4%)

Largest asset managers voting on “Advisory Vote to Approve Named Executive Officer Compensation” at Walmart Inc., 2025-2026
Asset manager	For	Against	Vote
SCHRODER INVESTMENT MANAGEMENT GROUP	4,952	1,864,742	Against
GLOBALT Investments LLC / GA	8,031	0	For
Robertson Stephens Wealth Management, LLC	1,238	0	For

26. Amendment to Certificate of Incorporation to Limit the Liability of Certain Officers

CORPORATE GOVERNANCEMajority of the votes cast: yes

Meeting held 2026-06-04.

94% Majority: yes · of votes cast

FOR 94%

FOR: 6,153,086,052AGAINST: 370,166,105

The 3 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 67,529 against).

AGAINST 100%

AGAINST: 67,529 (100.0%)

Largest asset managers voting on “Amendment to Certificate of Incorporation to Limit the Liability of Certain Officers” at Walmart Inc., 2025-2026
Asset manager	Against	Vote
Northern Lights Fund Trust IV	57,297	Against
Two Roads Shared Trust	9,338	Against
PACE SELECT ADVISORS TRUST	894	Against

27. Director Elections

DIRECTOR ELECTIONS

Meeting held 2026-06-04.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (13,374 for, 0 against).

FOR: 13,374 (100.0%)

Largest asset managers voting on “Director Elections” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	8,692	0	0	0	For
Ballew Advisors, Inc	4,682	0	0	0	For

28. COMPENSATION

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-06-04.

96% Majority: yes · of votes cast

FOR 96%

FOR: 6,263,129,484AGAINST: 256,160,712

The 2 asset managers below cast 100% of the shares they voted on this item FOR (29,728 for, 0 against).

FOR 100%

FOR: 29,728 (100.0%)

Largest asset managers voting on “COMPENSATION” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Capital Group	21,036	0	0	0	For
Members Trust Co	8,692	0	0	0	For

29. Election of Directors

DIRECTOR ELECTIONS

Meeting held 2026-06-04.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Rockport Wealth LLC	1,045	0	0	0	For
X-Square Balanced Fund, LLC	268	0	0	0	For

30. Approval of Walmart Inc. Stock Incentive Plan of 2025

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-06-05 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 6,543,064,125AGAINST: 112,795,593

Walmart Inc.’s own tally for this item (“Approval of the Walmart Inc. Stock Incentive Plan of 2025.”): 6,543,064,125 for, 112,795,593 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 7,958,079,155 outstanding shares: 82% for, 1% against (84% of the company cast a for/against vote).

The 2 asset managers below cast 100% of the shares they voted on this item FOR (51,126 for, 0 against).

FOR 100%

FOR: 51,126 (100.0%)

Largest asset managers voting on “Approval of Walmart Inc. Stock Incentive Plan of 2025” at Walmart Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
IMA Advisory Services, Inc.	42,715	0	0	0	For
NORTHERN LIGHTS FUND TRUST II	8,411	0	0	0	For

Largest Walmart Inc. shareholders voting in 2025-2026

Ranked by the number of Walmart Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 7,958,079,155 shares outstanding at the time of that meeting.

Top Walmart Inc. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	5.34%
2	BlackRock	3.84%
3	Invesco	3.57%
4	Fidelity	1.70%
5	State Street	1.35%
6	GEODE CAPITAL MANAGEMENT, LLC	1.33%
7	Charles Schwab	0.73%
8	JPMorgan	0.63%
9	STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	0.49%
10	Northern Trust	0.49%

Reported Walmart Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

Walmart Inc. beneficial owners on record for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
Walton Enterprises, LLC	44.27%	13D
Vanguard Group	5.53%	13F
BlackRock	4.45%	13F
State Street	2.34%	13F
JPMorgan Chase	1.54%	13F
Geode Capital	1.33%	13F
Morgan Stanley	1.06%	13F
Walmart Inc.	0.96%	13D
Invesco	0.55%	13F
Goldman Sachs	0.53%	13F

Percentages above are of 7,958,079,155 shares outstanding, as reported by Walmart Inc. on its Form 10-Q dated 2026-05-27 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Walmart Inc.’s 10-Q dated 2026-05-27. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At Walmart Inc.'s shareholder meeting held 2026-06-04, in the 2025-2026 proxy season, 1,716 asset managers reported how they voted in their SEC Form N-PX filings, covering 28,465 separate fund positions. Their filings are grouped here into 30 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION — FOR was 96% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Walmart Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

Walmart Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).