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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. 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

6,077 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 its N-PX category; see the method note on the overview page.
CompanyMeetingProposalCategory On the ballot fromNorthern Trust votedFunds
Tele2 AB 2026-05-18 Reelect Aude Durand as Director Director Elections Board AGAINST 7
Tele2 AB 2026-05-18 Reelect Thomas Reynaud as Board Chair Director Elections Board AGAINST 7
Tele2 AB 2026-05-18 Reelect Thomas Reynaud as Director Director Elections Board AGAINST 7
Tencent Holdings Limited 2026-05-13 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 7
Tencent Holdings Limited 2026-05-13 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 7
Tencent Holdings Limited 2026-05-13 Elect Jacobus Petrus (Koos) Bekker as Director Director Elections Board AGAINST 7
UniCredit SpA 2026-03-31 Approve Second Section of the Remuneration Report Compensation Board AGAINST 7
UniCredit SpA 2026-03-31 Authorize Board to Increase Capital to Service the 2022 Group Incentive System Compensation Board AGAINST 7
Visa Inc. 2026-01-27 To elect the eleven director nominees named in the proxy statement: William Ready Director Elections Board AGAINST 7
Wells Fargo & Company 2026-04-28 Advisory resolution to approve executive compensation (Say on Pay). Say-on-Pay Board AGAINST 7
Wells Fargo & Company 2026-04-28 Shareholder Proposal - Energy Supply Ratio. Environment or Climate Shareholder FOR 7
ADOBE INC. 2026-04-15 Approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 6
AON PLC 2026-06-26 Advisory resolution to approve the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 6
ARISTA NETWORKS, INC. 2026-05-29 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 6
Akzo Nobel NV 2026-04-23 Approve Supplement to Remuneration Policy in Respect of M.J. de Vries Compensation Board AGAINST 6
Ambev SA 2026-04-30 Elect Aristoteles Nogueira Filho as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate Appointed by Minority Shareholder Audit-related Board ABSTAIN 6
Ambev SA 2026-04-30 Elect Fabio Colletti Barbosa as Director Director Elections Board AGAINST 6
Ambev SA 2026-04-30 Elect Fernando Mommensohn Tennenbaum as Director Director Elections Board AGAINST 6
Ambev SA 2026-04-30 Elect Fiscal Council Members Compensation Board ABSTAIN 6
Ambev SA 2026-04-30 Elect Lia Machado de Matos as Director Director Elections Board AGAINST 6
Ambev SA 2026-04-30 Elect Michel Dimitrios Doukeris as Director and Ricardo Tadeu Almeida Cabral de Soares as Alternate (Not Linked to Any Specific Director) Director Elections Board AGAINST 6
Ambev SA 2026-04-30 Elect Milton Seligman as Director and David Henrique Galatro de Almeida as Alternate (Not Linked to Any Specific Director) Director Elections Board AGAINST 6
Ambev SA 2026-04-30 Elect Ricardo Manuel Frangatos Pires Moreira as Director Director Elections Board AGAINST 6
Ambev SA 2026-04-30 Elect Victorio Carlos De Marchi as Director Director Elections Board AGAINST 6
Ambev SA 2026-04-30 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Fabio Colletti Barbosa as Director Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Fernanda Gemael Hoefel as Independent Director Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Fernando Mommensohn Tennenbaum as Director Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Lia Machado de Matos as Director Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Luciana Pires Dias as Independent Director Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Michel Dimitrios Doukeris as Director and Ricardo Tadeu Almeida Cabral de Soares as Alternate (Not Linked to Any Specific Director) Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Milton Seligman as Director and David Henrique Galatro de Almeida as Alternate (Not Linked to Any Specific Director) Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Ricardo Manuel Frangatos Pires Moreira as Director Director Elections Board ABSTAIN 6
Ambev SA 2026-04-30 Percentage of Votes to Be Assigned - Elect Victorio Carlos De Marchi as Director Director Elections Board ABSTAIN 6
Antero Midstream Corporation 2026-06-03 Class I Nominees: W. Howard Keenan, Jr. Director Elections Board ABSTAIN 6
Aviva Plc 2026-05-06 Re-elect Michael Mire as Director Director Elections Board AGAINST 6
BERKSHIRE HATHAWAY INC. 2026-05-02 Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2026 Proxy Statement. Say-on-Pay Board AGAINST 6
BLACKROCK, INC. 2026-05-20 Approval, in a non-binding advisory vote, of the compensation for named executive officers. Say-on-Pay Board AGAINST 6
BP Plc 2026-04-23 Elect Albert Manifold as Director Director Elections Board ABSTAIN 6
Banca Mediolanum SpA 2026-04-16 Approve Long Term Incentive Plan 2026-2028 Compensation Board AGAINST 6
Banca Mediolanum SpA 2026-04-16 Approve Second Section of the Remuneration Report Compensation Board AGAINST 6
Bank Leumi Le-Israel B.M. 2025-09-15 Elect Anat Peled as Other Director Director Elections Board ABSTAIN 6
Bank Leumi Le-Israel B.M. 2025-09-15 Elect Eyal Yaniv as External Director Director Elections Board ABSTAIN 6
Bentley Systems, Incorporated 2026-05-21 Election of Directors: Kirk B. Griswold Director Elections Board ABSTAIN 6
Bridgestone Corp. 2026-03-24 Elect Director Masuda, Kenichi Director Elections Board AGAINST 6
Bridgestone Corp. 2026-03-24 Elect Director Scott Trevor Davis Director Elections Board AGAINST 6
CHARTER COMMUNICATIONS, INC. 2026-04-21 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 6
CK Infrastructure Holdings Limited 2026-05-20 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 6
CORPAY, INC. 2026-05-07 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 6
CSL Limited 2025-10-28 Approve Conditional Board Spill Resolution Compensation Board AGAINST 6
Cellnex Telecom SA 2026-04-29 Elect Cynthia Gordon as Director Director Elections Board AGAINST 6
Central Japan Railway Co. 2026-06-23 Elect Director Niwa, Shunsuke Director Elections Board AGAINST 6
Chugai Pharmaceutical Co., Ltd. 2026-03-26 Elect Director Okuda, Osamu Director Elections Board AGAINST 6
Cochlear Limited 2025-10-23 Elect Karen Penrose as Director Director Elections Board AGAINST 6
DBS Group Holdings Ltd. 2026-03-31 Elect Peter Seah Lim Huat as Director Director Elections Board AGAINST 6
DELL TECHNOLOGIES INC. 2026-06-25 Approval, on a non-binding, advisory basis, of the compensation of Dell Technologies Inc.'s named executive officers as disclosed in the proxy statement Say-on-Pay Board AGAINST 6
Dell Technologies Inc. 2026-06-25 Approval of the Redomestication Proposal providing for the redomestication of Dell Technologies Inc. from Delaware to Texas by conversion as disclosed in the proxy statement Extraordinary Transactions Board AGAINST 6
Dell Technologies Inc. 2026-06-25 Approval, on a non-binding, advisory basis, of the compensation of Dell Technologies Inc.'s named executive officers as disclosed in the proxy statement Say-on-Pay Board AGAINST 6
Dell Technologies Inc. 2026-06-25 Election of Group I Directors: Ellen J. Kullman Director Elections Board ABSTAIN 6
EQT AB 2026-05-12 Reelect Gordon Orr as Director Director Elections Board AGAINST 6
EQT AB 2026-05-12 Reelect Marcus Wallenberg as Director Director Elections Board AGAINST 6
Eni SpA 2026-05-06 Approve Second Section of the Remuneration Report Compensation Board AGAINST 6
Eni SpA 2026-05-06 Slate 3 Submitted by Romano Minozzi Director Elections Board AGAINST 6
Evolution AB 2026-04-24 Approve Remuneration Report Compensation Board AGAINST 6
Evolution AB 2026-04-24 Elect Gabor Szabo as Director Director Elections Board AGAINST 6
Expedia Group, Inc. 2026-06-17 Election of Directors: Craig Jacobson Director Elections Board ABSTAIN 6
Expedia Group, Inc. 2026-06-17 Election of Directors: Dara Khosrowshahi Director Elections Board ABSTAIN 6
F5, Inc. 2026-03-12 Approve the F5, Inc. 2026 Incentive Award Plan. Compensation Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Alberto Marone as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Francesco Signoretti as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Gabriella Scapicchio as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Giuseppe Pisani as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Maria Giovanna Calloni as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Micaela Cristina Capelli as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Elect Stefano Blotto as Director Director Elections Board AGAINST 6
FinecoBank SpA 2026-04-29 Slate 2 Submitted by Institutional Investors (Assogestioni) Director Elections Board AGAINST 6
Franklin Resources, Inc. 2026-02-03 To approve an amendment and restatement of the Company's 2002 Universal Stock Incentive Plan, which includes increasing the number of shares of common stock, par value $0.10 per share, of the Company authorized for issuance under the USIP by an additional 25,000,000 shares. Compensation Board AGAINST 6
GRACO INC. 2026-04-24 Approval, on an advisory basis, of the compensation paid to our named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board AGAINST 6
Guangdong Investment Limited 2026-06-29 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 6
Guangdong Investment Limited 2026-06-29 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 6
Guangdong Investment Limited 2026-06-29 Elect Chan Cho Chak, John as Director Director Elections Board AGAINST 6
Guangdong Investment Limited 2026-06-29 Elect Cheng Mo Chi, Moses as Director Director Elections Board AGAINST 6
Guangdong Investment Limited 2026-06-29 Elect Li Man Bun, Brian David as Director Director Elections Board AGAINST 6
H&M Hennes & Mauritz AB 2026-05-05 Reelect Christian Sievert as Director Director Elections Board AGAINST 6
H&M Hennes & Mauritz AB 2026-05-05 Reelect Karl-Johan Persson as Board Chair Director Elections Board AGAINST 6
H&M Hennes & Mauritz AB 2026-05-05 Reelect Karl-Johan Persson as Director Director Elections Board AGAINST 6
HKT Trust and HKT Limited 2026-05-21 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 6
HKT Trust and HKT Limited 2026-05-21 Approve PricewaterhouseCoopers as Auditor of the HKT Trust, the Company and the Trustee-Manager and Authorize Board and Trustee-Manager to Fix Their Remuneration Audit-related Board AGAINST 6
HKT Trust and HKT Limited 2026-05-21 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 6
HOLOGIC, INC. 2026-02-05 A proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the transactions contemplated by the merger agreement, including consummation of the merger. Say-on-Pay Board AGAINST 6
IONQ, INC. 2026-06-16 To approve, on an advisory basis, the compensation of our named executive officers in 2025. Say-on-Pay Board AGAINST 6
KDX Realty Investment Corp. 2025-07-25 Elect Supervisory Director Yamanaka, Satoru Director Elections Board AGAINST 6
Kao Corp. 2026-03-26 Approve Trust-Type Equity Compensation Plan Compensation Board AGAINST 6
Kering SA 2026-05-28 Approve Remuneration Policy of Chairman of the Board Compensation Board AGAINST 6
Kering SA 2026-05-28 Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans with Performance Conditions Attached Compensation Board AGAINST 6
LULULEMON ATHLETICA INC. 2026-06-25 Advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 6
MARVELL TECHNOLOGY, INC. 2026-06-25 An advisory (non-binding) vote to approve compensation of our named executive officers. Say-on-Pay Board AGAINST 6
Mercedes-Benz Group AG 2026-04-16 Approve Remuneration Report Compensation Board AGAINST 6
NVR, Inc. 2026-05-07 Shareholder proposal to disclose greenhouse gas emissions. Environment or Climate Shareholder FOR 6
Nippon Yusen KK 2026-06-17 Elect Director Kuwabara, Satoko Director Elections Board AGAINST 6

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Built 2026-10-04 from SEC Form N-PX filings.