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Northern Trust 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Northern Trust voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

6,093 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

Northern Trust, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedNorthern Trust votedFunds
LPP SA January 23, 2026 Approve Creation of Reserve Capital for Purposes of Performance Share Plan Compensation Board AGAINST 3
LPP SA January 23, 2026 Approve Performance Share Plan Compensation Board AGAINST 3
LVMH MOET HENNESSY LOUIS VUITTON SE April 23, 2026 APPROVAL OF THE ITEMS OF COMPENSATION PAID DURING FISCAL YEAR 2025 AND AWARDED IN RESPECT OF THAT YEAR TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER, BERNARD ARNAULT Say-on-Pay Board AGAINST 3
LVMH Moet Hennessy Louis Vuitton SE April 23, 2026 Reelect Delphine Arnault as Director Director Elections Board AGAINST 3
LVMH Moet Hennessy Louis Vuitton SE April 23, 2026 Reelect Marie-Josee Kravis as Director Director Elections Board AGAINST 3
LVMH Moet Hennessy Louis Vuitton SE April 23, 2026 Reelect Natacha Valla as Director Director Elections Board AGAINST 3
Labcorp Holdings Inc. May 21, 2026 Election of the members of the Company's Board of Directors: Garheng Kong, M.D., Ph.D. Director Elections Board AGAINST 3
Lakeland Financial Corporation April 14, 2026 APPROVAL, by non-binding vote, of the Company's compensation of certain executive officers. Say-on-Pay Board AGAINST 3
Laopu Gold Co., Ltd. November 18, 2025 Elect Feng Jianjun as Director Director Elections Board AGAINST 3
Laopu Gold Co., Ltd. November 18, 2025 Elect Sun Yijun as Director Director Elections Board AGAINST 3
Laopu Gold Co., Ltd. November 18, 2025 Elect Xu Gaoming as Director Director Elections Board AGAINST 3
Laopu Gold Co., Ltd. May 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3
Larsen & Toubro Limited June 5, 2026 Approve Reappointment and Remuneration of R. Shankar Raman as President and Whole-time Director - Finance Compensation Board AGAINST 3
Larsen & Toubro Limited June 5, 2026 Reelect Pramit Jhaveri as Director Director Elections Board AGAINST 3
LeMaitre Vascular, Inc. June 2, 2026 Election of Directors: John A. Roush Director Elections Board WITHHOLD 3
LegalZoom.com, Inc. June 3, 2026 To elect the one director nominee named in the proxy statement as a Class II director of the Company to serve for a three-year term and until her successor has been duly elected and qualified, or until her earlier death, resignation, removal, retirement or disqualification: Sivan Whiteley Director Elections Board WITHHOLD 3
Lemonade, Inc. June 3, 2026 Election of Class III Directors: Debra Schwartz Director Elections Board WITHHOLD 3
Lemonade, Inc. June 3, 2026 To approve on an advisory (non-binding) basis the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 3
Lifco AB April 24, 2026 Approve Remuneration Report Compensation Board AGAINST 3
Lifco AB April 24, 2026 Reelect Carl Bennet as Board Chair Director Elections Board AGAINST 3
Lifco AB April 24, 2026 Reelect Carl Bennet as Director Director Elections Board AGAINST 3
Lifco AB April 24, 2026 Reelect Dan Frohm as Director Director Elections Board AGAINST 3
Lifco AB April 24, 2026 Reelect Erik Gabrielson as Director Director Elections Board AGAINST 3
Lite-On Technology Corp. May 20, 2026 Amend Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees Extraordinary Transactions Board AGAINST 3
Lodha Developers Limited May 28, 2026 Reelect Lee Polisano as Director Director Elections Board AGAINST 3
Longfor Group Holdings Limited June 18, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 3
Longfor Group Holdings Limited June 18, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3
Longfor Group Holdings Limited June 18, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 3
Lottomatica Group SpA April 20, 2026 Approve 2026-2028 Stock Options Plan Compensation Board AGAINST 3
Lotus Bakeries NV May 12, 2026 Approve Remuneration Report Compensation Board AGAINST 3
Louisiana-Pacific Corporation May 1, 2026 Election of Class II Directors: Stephen E. Macadam Director Elections Board AGAINST 3
Lundin Gold Inc. May 8, 2026 Elect Director Ian Gibbs Director Elections Board AGAINST 3
Lundin Gold Inc. May 8, 2026 Elect Director Jack Lundin Director Elections Board AGAINST 3
MAPLEBEAR INC. May 22, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 3
MARINE PRODUCTS CORPORATION May 12, 2026 To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of Marine Products in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 3
MBIA INC. May 5, 2026 To approve, on an advisory basis, executive compensation. Say-on-Pay Board AGAINST 3
MEGAPORT LTD November 26, 2025 REMUNERATION REPORT Say-on-Pay Board AGAINST 3
MIDWESTONE FINANCIAL GROUP, INC. January 26, 2026 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the named executive officers of MidWestOne that is based on or otherwise relates to the merger. Say-on-Pay Board AGAINST 3
MOBILEYE GLOBAL INC. June 18, 2026 Advisory vote on executive compensation. Say-on-Pay Board AGAINST 3
MONOPAR THERAPEUTICS, INC. June 22, 2026 To approve the compensation of our named executive officers on an advisory, non-binding basis. Say-on-Pay Board AGAINST 3
MONTEA NV May 19, 2026 Elect Jo De Wolf, Dirk De Pauw and William Snoeck as Directors and Lieve Creten, Dirk Lannoo, Koen Van Gerven and Barbara De Saedeleer as Independent Directors Director Elections Board AGAINST 3
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of Arun Mammen as Vice Chairman and Managing Director Compensation Board AGAINST 3
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of K M Mammen as Chairman and Managing Director Compensation Board AGAINST 3
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of Rahul Mammen Mappillai as Managing Director Compensation Board AGAINST 3
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of Samir Thariyan Mappillai as Whole-Time Director Compensation Board AGAINST 3
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of Varun Mammen as Whole-Time Director Compensation Board AGAINST 3
Macquarie Group Limited July 24, 2025 Elect Jillian R Broadbent as Director Director Elections Board AGAINST 3
Macquarie Group Limited July 24, 2025 Elect Michelle A Hinchliffe as Director Director Elections Board AGAINST 3
Macquarie Group Limited July 24, 2025 Elect Philip M Coffey as Director Director Elections Board AGAINST 3
Madrigal Pharmaceuticals, Inc. June 17, 2026 Re-election of Class I directors: Julian Baker Director Elections Board WITHHOLD 3
Makita Corp. June 24, 2026 Elect Director Goto, Munetoshi Director Elections Board AGAINST 3
Makkah Construction & Development Co. June 2, 2026 Elect Abdulilah Al Tounisi as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Abdullah Al Faris as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Abdullah Al Feefi as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Abdulraouf Mannaa as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Abdulwahab Abou Kweek as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Ahmed Khoqeer as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Al Huseen Al Mihthil as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Basim Banabeelah as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Fahd Al Sameeh as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Faris Al Babteen as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Ghassan Shalabi as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Hamoud Shajaa as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Hamzah Sayrafi as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Hisham Mufti as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Ibraheem Al Subayee as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Iyad Shareef as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Khalid Al Hamdan as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Khalid Al Khudheeri as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Majid Al Suweegh as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Majid Fattah as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Mohammed Al Nafea as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Mohammed Al Sultan as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Muath Al Zamil as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Nasir Boursli as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Raad Al Qahtani as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Saad Al Shabeeb as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Salih bin Ladin as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Sami Al Babteen as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Samir Al Khawashki as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Tariq Mulla Niyazi as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Turki Al Qunaybit as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Wael Al Bassam as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Ziyad Al Bassam as Director Director Elections Board ABSTAIN 3
Makkah Construction & Development Co. June 2, 2026 Elect Ziyad Al Haqeel as Director Director Elections Board ABSTAIN 3
Manila Electric Company June 30, 2026 Elect James L. Go as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect Jose Ma. K. Lim as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect June Cheryl A. Cabal-Revilla as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect Lance Y. Gokongwei as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect Lydia B. Echauz as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect Patrick Henry C. Go as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect Ray C. Espinosa as Director Director Elections Board AGAINST 3
Manila Electric Company June 30, 2026 Elect Victorico P. Vargas as Director Director Elections Board AGAINST 3
Marico Limited August 8, 2025 Approve Enhancement of Limit for Loan, Guarantee and Investment by the Company under Section 186 of the Companies Act, 2013 Capital Structure Board AGAINST 3
Marqeta, Inc. June 10, 2026 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 3
Match Group, Inc. June 16, 2026 To approve the Match Group, Inc Second Amended and Restated 2024 Stock and Annual Incentive Plan. Compensation Board AGAINST 3
Melisron Ltd. March 15, 2026 Approve Extended and Amended Employment Terms of Ofir Sarid, CEO Compensation Board AGAINST 3
Melisron Ltd. March 15, 2026 Reappoint Brightman Almagor Zohar & Co. (Deloitte) as Auditors Audit-related Board AGAINST 3
Metropolitan Bank & Trust Company April 22, 2026 Elect Juan Miguel L. Escaler as Director Director Elections Board AGAINST 3

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Built October 12, 2026 from SEC Form N-PX filings.