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Vanguard 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Vanguard 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

6,031 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.

Vanguard, 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 fromVanguard votedFunds
Alphabet Inc. 2026-06-05 Advisory vote to approve compensation awarded to named executive officers Say-on-Pay Board AGAINST 29
Thermo Fisher Scientific Inc. 2026-05-20 An advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 28
Snowflake Inc. 2025-07-02 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 27
T-Mobile US, Inc. 2026-06-16 Election of Directors: Christian P. Illek Director Elections Board ABSTAIN 27
T-Mobile US, Inc. 2026-06-16 Election of Directors: Dominique Leroy Director Elections Board ABSTAIN 27
T-Mobile US, Inc. 2026-06-16 Election of Directors: Raphael Kubler Director Elections Board ABSTAIN 27
The Estee Lauder Companies Inc. 2025-11-13 Advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 27
Coca-Cola Consolidated, Inc. 2026-05-12 Election of the 11 nominees as directors: David M. Katz Director Elections Board ABSTAIN 26
Coca-Cola Consolidated, Inc. 2026-05-12 Election of the 11 nominees as directors: Dennis A. Wicker Director Elections Board ABSTAIN 26
Coca-Cola Consolidated, Inc. 2026-05-12 Election of the 11 nominees as directors: J. Frank Harrison, III Director Elections Board ABSTAIN 26
Coca-Cola Consolidated, Inc. 2026-05-12 Election of the 11 nominees as directors: James H. Morgan Director Elections Board ABSTAIN 26
Coca-Cola Consolidated, Inc. 2026-05-12 Election of the 11 nominees as directors: Morgan H. Everett Director Elections Board ABSTAIN 26
First BanCorp. 2026-05-06 Election of Directors: Roberto R. Herencia Director Elections Board AGAINST 26
Fox Corporation 2025-11-14 Improve Executive Compensation Program. Compensation Board AGAINST 26
Interactive Brokers Group, Inc. 2026-04-23 Election of Directors: Earl H. Nemser Director Elections Board AGAINST 26
Interactive Brokers Group, Inc. 2026-04-23 Election of Directors: Milan Galik Director Elections Board AGAINST 26
Interactive Brokers Group, Inc. 2026-04-23 Election of Directors: Nicole Yuen Director Elections Board AGAINST 26
Interactive Brokers Group, Inc. 2026-04-23 Election of Directors: Thomas Peterffy Director Elections Board AGAINST 26
T-Mobile US, Inc. 2026-06-16 Election of Directors: Letitia A. Long Director Elections Board ABSTAIN 26
T-Mobile US, Inc. 2026-06-16 Election of Directors: Teresa A. Taylor Director Elections Board ABSTAIN 26
Warner Bros. Discovery, Inc. 2026-04-23 To approve, on an advisory (nonbinding) basis, the compensation that may be paid or become payable to WBD's named executive officers that is based on or otherwise relates to the Merger. Say-on-Pay Board AGAINST 26
Warner Bros. Discovery, Inc. 2026-06-09 To vote on an advisory resolution to approve the 2025 compensation of Warner Bros. Discovery, Inc.'s named executive officers, commonly referred to as a "Say-on-Pay" vote. Say-on-Pay Board AGAINST 26
T-Mobile US, Inc. 2026-06-16 Advisory Vote to Approve the Compensation Provided to the Company's Named Executive Officers for 2025. Say-on-Pay Board AGAINST 25
Coty Inc. 2025-11-06 Approval, on an advisory (non-binding) basis, of the compensation of Coty Inc.'s named executive officers, as disclosed in the proxy statement Say-on-Pay Board AGAINST 23
Carvana Co. 2026-05-05 To approve the Carvana Co. 2026 Omnibus Incentive Plan. Compensation Board AGAINST 22
Constellium SE 2026-05-21 Advisory (non-binding) vote to hold an advisory (non-binding vote) on the compensation of the Company's named executive officers every year Say-on-Pay Board AGAINST 22
PotlatchDeltic Corporation 2026-01-27 The PotlatchDeltic merger-related compensation proposal: A proposal to approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of PotlatchDeltic in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 22
TKO Group Holdings, Inc. 2026-06-10 Election of Directors: Ariel Emanuel Director Elections Board ABSTAIN 22
TKO Group Holdings, Inc. 2026-06-10 Election of Directors: Dwayne Johnson Director Elections Board ABSTAIN 22
TKO Group Holdings, Inc. 2026-06-10 Election of Directors: Mark Shapiro Director Elections Board ABSTAIN 22
TKO Group Holdings, Inc. 2026-06-10 Election of Directors: Nick Khan Director Elections Board ABSTAIN 22
Cal-Maine Foods, Inc. 2025-10-03 Election of Class I Directors: Camille S. Young Director Elections Board ABSTAIN 21
Cloudflare, Inc. 2026-06-30 Approval and adoption of amendments to implement a stock split in which (i) each share of Class A common stock would become one share of Class A common stock and one share of Class C common stock; and (ii) each share of Class B common stock would become one share of Class B common stock and one share of Class C common stock. Capital Structure Board AGAINST 21
Cloudflare, Inc. 2026-06-30 Approval and adoption of amendments to increase the number of authorized shares of Class A common stock from 2,250,000,000 to 4,500,000,000. Capital Structure Board AGAINST 21
Cloudflare, Inc. 2026-06-30 Approval of the amendment and restatement of our 2019 Equity Incentive Plan. Compensation Board AGAINST 21
Pacific Premier Bancorp, Inc. 2025-07-21 Approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of Pacific Premier in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 21
Roivant Sciences Ltd. 2025-09-10 To cast a non-binding, advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 21
Welltower Inc. 2026-05-21 The approval, on an advisory basis, of the compensation of the named executive officers. Say-on-Pay Board AGAINST 21
Ares Management Corporation 2026-06-08 Election of Directors: Antoinette Bush Director Elections Board AGAINST 20
Ares Management Corporation 2026-06-08 Election of Directors: Antony P. Ressler Director Elections Board AGAINST 20
Ares Management Corporation 2026-06-08 Election of Directors: Dr. Judy D. Olian Director Elections Board AGAINST 20
Ares Management Corporation 2026-06-08 Election of Directors: Michael J Arougheti Director Elections Board AGAINST 20
Exact Sciences Corporation 2026-02-20 Proposal to approve, on an advisory (nonbinding) basis, the compensation that may be paid or become payable to Exact Sciences Corporation's named executive officers that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement (the "Compensation Proposal"). Say-on-Pay Board AGAINST 20
Globus Medical, Inc. 2026-06-03 Approval of an amendment to the Globus Medical, Inc. 2021 Equity Incentive Plan to increase the number of authorized shares thereunder by 1,000,000. Compensation Board AGAINST 20
Hamilton Lane Incorporated 2025-09-04 Advisory, non-binding vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 20
TEGNA Inc. 2025-11-18 To approve, on an advisory (non-binding basis), the compensation that may be paid or become payable to TEGNA's named executive officers that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement. Say-on-Pay Board AGAINST 20
Tootsie Roll Industries, Inc. 2026-05-06 To approve, on an advisory basis, the overall compensation of the Company's named executive officers for fiscal 2025. Say-on-Pay Board AGAINST 20
Warner Bros. Discovery, Inc. 2026-06-09 ELECTION OF DIRECTORS: Anthony J. Noto Director Elections Board ABSTAIN 20
Arbor Realty Trust, Inc. 2026-05-20 Advisory vote to approve the compensation of Arbor Realty Trust, Inc.'s named executive officers as disclosed in the proxy statement. Say-on-Pay Board AGAINST 19
Cloudflare, Inc. 2026-06-30 Approval and adoption of an amendment and restatement of our amended and restated certificate of incorporation: Approval and adoption of amendments to establish the Class C common stock. Capital Structure Board AGAINST 19
Paramount Group, Inc. 2025-12-16 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the Company's named executive officers in connection with the mergers. Say-on-Pay Board AGAINST 19
Pilgrim's Pride Corporation 2026-04-29 Election of Directors: JBS Directors: Andre Nogueira de Souza Director Elections Board ABSTAIN 19
Pilgrim's Pride Corporation 2026-04-29 Election of Directors: JBS Directors: Gilberto Tomazoni Director Elections Board ABSTAIN 19
Pilgrim's Pride Corporation 2026-04-29 Election of Directors: JBS Directors: Wesley Mendonca Batista Director Elections Board ABSTAIN 19
Rivian Automotive, Inc. 2026-06-22 Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers in 2025. Say-on-Pay Board AGAINST 19
The Trade Desk, Inc. 2026-05-04 The approval, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 19
Tri Pointe Homes, Inc. 2026-04-16 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated therein. Say-on-Pay Board AGAINST 19
Arrowhead Pharmaceuticals, Inc. 2026-03-19 Advisory Vote to Approve Executive Compensation. Say-on-Pay Board AGAINST 18
Atlassian Corporation 2025-12-02 Approval of an amendment and restatement to our 2015 Share Incentive Plan. Compensation Board AGAINST 18
BOK Financial Corporation 2026-05-05 Election of Directors: Alan S. Armstrong Director Elections Board ABSTAIN 18
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 18
Dutch Bros Inc. 2026-05-13 Election of Directors: Todd Penegor Director Elections Board AGAINST 18
Hut 8 Corp. 2026-06-11 To approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 18
Molson Coors Beverage Company 2026-05-06 Election of Directors: Roger G. Eaton Director Elections Board ABSTAIN 18
Reynolds Consumer Products Inc. 2026-04-29 Election of Directors: Rolf Stangl Director Elections Board ABSTAIN 18
Summit Therapeutics Inc. 2026-06-10 Approval, by a non-binding advisory vote, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 18
TPG Inc. 2026-06-03 Advisory Vote to Approve Executive Compensation (Say-on-Pay) Say-on-Pay Board AGAINST 18
Vicor Corporation 2026-06-19 To fix the number of Directors at eleven and to elect the following eleven nominees as Directors to hold office until the 2027 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified: Samuel J. Anderson Director Elections Board ABSTAIN 18
AMC Entertainment Holdings, Inc. 2025-12-10 Say on Pay - An advisory vote to approve the compensation of named executive officers. Say-on-Pay Board AGAINST 17
AST Spacemobile, Inc. 2025-11-21 To approve the Amended and Restated AST SpaceMobile, Inc. 2024 Incentive Award Plan to increase the number of shares of the Company's Class A Common Stock available for issuance thereunder and to extend the term of the plan. Compensation Board AGAINST 17
Appian Corporation 2026-06-03 To approve the Appian Corporation Amended and Restated 2017 Equity Incentive Plan. Compensation Board AGAINST 17
Ball Corporation 2026-04-29 Election of Directors: Todd A. Penegor Director Elections Board AGAINST 17
C3.ai, Inc. 2025-10-03 Advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 17
Cloudflare, Inc. 2026-06-30 Approval and adoption of amendments to provide for the equal treatment of shares of Class A common stock, Class B common stock, and Class C common stock in connection with dividends and distributions, certain transactions, and upon our liquidation, dissolution, or winding up. Capital Structure Board AGAINST 17
Core Scientific, Inc. 2025-10-30 To approve, on an advisory (nonbinding) basis, the compensation that may be paid or become payable to the named executive officers of Core Scientific, Inc. that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement. Say-on-Pay Board AGAINST 17
Datadog, Inc. 2026-04-21 To approve the redomiciliation of the Company from the State of Delaware to the State of Nevada by conversion. Extraordinary Transactions Board AGAINST 17
Grid Dynamics Holdings, Inc. 2025-12-23 The approval, on a non-binding advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 17
International Bancshares Corporation 2026-05-18 ELECTION OF DIRECTORS: D. B. Howland Director Elections Board AGAINST 17
International Bancshares Corporation 2026-05-18 ELECTION OF DIRECTORS: D. G. Zuniga Director Elections Board AGAINST 17
International Bancshares Corporation 2026-05-18 ELECTION OF DIRECTORS: L. A. Norton Director Elections Board AGAINST 17
International Bancshares Corporation 2026-05-18 ELECTION OF DIRECTORS: R. R. Resendez Director Elections Board AGAINST 17
Meta Platforms, Inc. 2026-05-27 Election of Directors: John Elkann Director Elections Board ABSTAIN 17
Revolve Group, Inc. 2026-06-05 The election of directors: Michael Karanikolas Director Elections Board ABSTAIN 17
Revolve Group, Inc. 2026-06-05 The election of directors: Michael Mente Director Elections Board ABSTAIN 17
TFS Financial Corporation 2026-02-26 Advisory vote on compensation of named Executive Officers. Say-on-Pay Board AGAINST 17
Telephone and Data Systems, Inc. 2026-05-21 Election of Directors: C. D. O'Leary Director Elections Board ABSTAIN 17
The Trade Desk, Inc. 2025-09-16 The approval of the amendment and restatement of the articles of incorporation of The Trade Desk, Inc. to change the date all of the shares of Class B common stock will automatically convert into Class A common stock and to waive jury trials for internal actions in conformity with recent Nevada law updates. Capital Structure Board AGAINST 17
Vimeo, Inc. 2025-11-19 To approve, on a non-binding, advisory basis, compensation that will or may become payable to the named executive officers of Vimeo in connection with the transactions contemplated by the merger agreement, which proposal is referred to as the merger-related compensation proposal. Say-on-Pay Board AGAINST 17
Banner Corporation 2026-05-20 Election of twelve directors to each serve for a one-year term: Roberto R. Herencia Director Elections Board AGAINST 16
CNA Financial Corporation 2026-04-29 An advisory (non-binding) vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 16
Cannae Holdings, Inc. 2025-12-12 Approval, on an advisory (non-binding) basis, of the 2024 compensation paid to the Company's named executive officers. Say-on-Pay Board AGAINST 16
Chewy, Inc. 2025-07-10 To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 16
DigitalBridge Group, Inc. 2026-04-23 To approve, on a non-binding, advisory basis, certain compensation that will or may be paid by DigitalBridge to its named executive officers that is based on or otherwise relates to the mergers. Say-on-Pay Board AGAINST 16
Heidrick & Struggles International, Inc. 2025-12-05 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Heidrick's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated thereby. Say-on-Pay Board AGAINST 16
IDT Corporation 2025-12-11 Election of Directors: Eric F. Cosentino Director Elections Board AGAINST 16
IDT Corporation 2025-12-11 Election of Directors: Irwin Katsof Director Elections Board AGAINST 16
IDT Corporation 2025-12-11 Election of Directors: Judah Schorr Director Elections Board AGAINST 16
IDT Corporation 2025-12-11 To approve an amendment to the IDT Corporation 2024 Equity Incentive Plan that will increase the number of shares of the Company's Class B Common Stock available for the grant of awards thereunder by an additional 175,000. Compensation Board AGAINST 16
Las Vegas Sands Corp. 2026-05-14 An advisory (non-binding) vote to approve the compensation of the named executive officers. Say-on-Pay Board AGAINST 16
Meta Platforms, Inc. 2026-05-27 Election of Directors: Dana White Director Elections Board ABSTAIN 16

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Built 2026-09-27 from SEC Form N-PX filings.