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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, 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

6,029 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 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 recommendedVanguard votedFunds
OMV Petrom SA October 23, 2025 Approve Remuneration Policy Compensation Board AGAINST 6
OPTORUN Co., Ltd. March 26, 2026 Elect Director Bin Fan Director Elections Board AGAINST 6
OPUS GLOBAL Nyrt. April 30, 2026 Approve Remuneration Report Compensation Board AGAINST 6
OPUS GLOBAL Nyrt. April 30, 2026 Authorize Share Repurchase Program Capital Structure Board AGAINST 6
OPmobility SE April 23, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 6
OPmobility SE April 23, 2026 Approve Compensation of Laurent Favre, CEO Until November 6, 2025 Compensation Board AGAINST 6
OPmobility SE April 23, 2026 Approve Remuneration Policy of Chairman of the Board Compensation Board AGAINST 6
ORG Technology Co., Ltd. December 26, 2025 Approve the Guarantee Limits within the Scope of the Company's Consolidated Financial Statements Capital Structure Board AGAINST 6
ORG Technology Co., Ltd. January 30, 2026 Approve Equity Disposal Constitutes Related Financial Assistance Capital Structure Board AGAINST 6
ORION Corp. (Korea) March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
ORLEN SA June 9, 2026 Approve Remuneration Report Compensation Board AGAINST 6
OSAKA STEEL CO., LTD. June 24, 2026 Appoint Statutory Auditor Goto, Takaki Compensation Board AGAINST 6
OSL Group Limited June 26, 2026 Elect Yang Chao as Director Director Elections Board AGAINST 6
OVH Groupe SAS February 12, 2026 Approve Compensation of Benjamin Revcolevschi, CEO Since October 23, 2024 Compensation Board AGAINST 6
OVH Groupe SAS February 12, 2026 Approve Compensation of Benjamin Revcolevschi, CEO from September 1, 2025 to October 20, 2025 Compensation Board AGAINST 6
OVH Groupe SAS February 12, 2026 Approve Compensation of Michel Paulin, CEO Until October 23, 2024 Compensation Board AGAINST 6
OVH Groupe SAS February 12, 2026 Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 35 Million Capital Structure Board AGAINST 6
OVH Groupe SAS February 12, 2026 Approve Remuneration Policy of CEO from September 1, 2025 to October 20, 2025 Compensation Board AGAINST 6
OVH Groupe SAS February 12, 2026 Approve Remuneration Policy of Chairman and CEO from October 20, 2025 Compensation Board AGAINST 6
OVH Groupe SAS February 12, 2026 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above Capital Structure Board AGAINST 6
OVH Groupe SAS February 12, 2026 Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 6
OVH Groupe SAS February 12, 2026 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 35 Million Capital Structure Board AGAINST 6
OVINTIV INC. May 6, 2026 Election of Director: Brian G. Shaw Director Elections Board AGAINST 6
OVINTIV INC. May 6, 2026 Election of Director: Howard J. Mayson Director Elections Board AGAINST 6
OYAK Cimento Fabrikalari AS March 31, 2026 Appoint Auditor for Sustainability Reporting for 2024, 2025 and 2026 Audit-related Board AGAINST 6
OYAK Cimento Fabrikalari AS March 31, 2026 Approve Director Remuneration Compensation Board AGAINST 6
Obara Group, Inc. December 19, 2025 Appoint Statutory Auditor Onishi, Tomo Compensation Board AGAINST 6
Obara Group, Inc. December 19, 2025 Appoint Statutory Auditor Suzuki, Yuji Compensation Board AGAINST 6
Ocado Group Plc April 28, 2026 Approve Remuneration Report Compensation Board AGAINST 6
Odine Solutions Teknoloji Ticaret ve Sanayi AS April 8, 2026 Approve Director Remuneration Compensation Board AGAINST 6
Oesterreichische Post AG April 15, 2026 Reelect Stefan Fuernsinn as Supervisory Board Member Director Elections Board AGAINST 6
Offerpad Solutions Inc. July 30, 2025 Approval of an amendment to the Company's 2021 Incentive Award Plan to, among other things, increase the number of shares of Class A Common Stock available for issuance thereunder. Compensation Board AGAINST 6
Oil & Natural Gas Corporation Limited August 29, 2025 Elect Arunangshu Sarkar as Director Director Elections Board AGAINST 6
Oil & Natural Gas Corporation Limited August 29, 2025 Elect Om Prakash Sinha as Director Director Elections Board AGAINST 6
Oil & Natural Gas Corporation Limited August 29, 2025 Elect Vikram Saxena as Director Director Elections Board AGAINST 6
Oil & Natural Gas Corporation Limited August 29, 2025 Reelect Manish Patil as Director Director Elections Board AGAINST 6
Oil India Limited September 18, 2025 Elect Abhijit Majumder as Director Director Elections Board AGAINST 6
Oil India Limited September 18, 2025 Elect Ankur Baruah as Director Director Elections Board AGAINST 6
Oil India Limited September 18, 2025 Elect Trailukya Borgohain as Director Director Elections Board AGAINST 6
Oil India Limited September 18, 2025 Reelect Saloma Yomdo as Director Director Elections Board AGAINST 6
Okamoto Industries, Inc. June 26, 2026 Elect Alternate Director and Audit Committee Member Taniguchi, Yuji Director Elections Board AGAINST 6
Okamoto Industries, Inc. June 26, 2026 Elect Director Okamoto, Kunihiko Director Elections Board AGAINST 6
Okamoto Industries, Inc. June 26, 2026 Elect Director and Audit Committee Member Takashima, Hiroshi Director Elections Board AGAINST 6
Okamoto Industries, Inc. June 26, 2026 Elect Director and Audit Committee Member Tokuhiro, Takaaki Director Elections Board AGAINST 6
Okuma Corp. (Japan) June 24, 2026 Appoint Statutory Auditor Yamawaki, Hiroshi Compensation Board AGAINST 6
Okuwa Co., Ltd. May 15, 2026 Elect Director Okuwa, Hirotsugu Director Elections Board AGAINST 6
Okuwa Co., Ltd. May 15, 2026 Elect Director and Audit Committee Member Ikezaki, Yoshihiko Director Elections Board AGAINST 6
Okuwa Co., Ltd. May 15, 2026 Elect Director and Audit Committee Member Kuryu, Kenji Director Elections Board AGAINST 6
Olam Group Limited April 27, 2026 Elect Joerg Wolfgang Wolle as Director Director Elections Board AGAINST 6
Onward Holdings Co., Ltd. May 28, 2026 Appoint Statutory Auditor Nishimori, Hirofumi Compensation Board AGAINST 6
Oppein Home Group, Inc. January 21, 2026 Approve 2026 Estimated External Guarantee Capital Structure Board AGAINST 6
Oppein Home Group, Inc. May 18, 2026 Amend Remuneration and Performance Evaluation Management System for Directors (Non-Independent Directors) and Senior Management Members Compensation Board AGAINST 6
Opple Lighting Co., Ltd. May 27, 2026 Amend Articles of Association and Rules and Procedures Capital Structure Board AGAINST 6
Opple Lighting Co., Ltd. May 27, 2026 Approve 2025 and 2026 Remuneration of Directors Compensation Board AGAINST 6
Opple Lighting Co., Ltd. May 27, 2026 Approve External Guarantee Amount Capital Structure Board AGAINST 6
Opthea Limited November 11, 2025 Approve Remuneration Report Compensation Board AGAINST 6
Ora Banda Mining Ltd November 19, 2025 Approve Grant of STI Performance Rights to Luke Creagh Compensation Board AGAINST 6
Ora Banda Mining Ltd November 19, 2025 Approve Potential Termination Benefits in Relation to LTI Performance Rights Granted to Luke Creagh Compensation Board AGAINST 6
Ora Banda Mining Ltd November 19, 2025 Approve Potential Termination Benefits in Relation to STI Performance Rights Granted to Luke Creagh Compensation Board AGAINST 6
Orient Corp. June 24, 2026 Elect Director Nishino, Kazumi Director Elections Board AGAINST 6
Oscotec, Inc. December 5, 2025 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6
Otsuka Holdings Co., Ltd. March 27, 2026 Elect Director Inoue, Makoto Director Elections Board AGAINST 6
Ozak Gayrimenkul Yatirim Ortakligi AS June 18, 2026 Amend Article 8 Re: Capital Related Capital Structure Board AGAINST 6
Ozak Gayrimenkul Yatirim Ortakligi AS June 18, 2026 Approve Director Remuneration Compensation Board AGAINST 6
Ozak Gayrimenkul Yatirim Ortakligi AS June 18, 2026 Elect Directors Director Elections Board AGAINST 6
PAL GROUP Holdings Co., Ltd. May 27, 2026 Approve Director Retirement Bonus Compensation Board AGAINST 6
PAL GROUP Holdings Co., Ltd. May 27, 2026 Elect Director Kojima, Hirofumi Director Elections Board AGAINST 6
PAMT Corp April 30, 2026 Election of Directors: Edwin J. Lukas Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: Franklin H. McLarty Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: Frederick P. Calderone Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: H. Pete Montano Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: Lance K. Stewart Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: Matthew J. Moroun Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: Matthew T. Moroun Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: Michael D. Bishop Director Elections Board WITHHOLD 6
PAMT Corp April 30, 2026 Election of Directors: W. Scott Davis Director Elections Board WITHHOLD 6
PATTERSON-UTI ENERGY, INC. June 4, 2026 Elect Curtis W. Huff Director Elections Board WITHHOLD 6
PATTERSON-UTI ENERGY, INC. June 4, 2026 Elect Janeen S. Judah Director Elections Board WITHHOLD 6
PATTERSON-UTI ENERGY, INC. June 4, 2026 Elect Tiffany Thom Cepak Director Elections Board WITHHOLD 6
PATTERSON-UTI ENERGY, INC. June 4, 2026 Elect William Andrew Hendricks, Jr. Director Elections Board WITHHOLD 6
PB Fintech Ltd. June 12, 2026 Amend PB Fintech Employees Stock Option Plan 2021 Compensation Board AGAINST 6
PDD Holdings Inc. December 19, 2025 Elect Director Haifeng Lin Director Elections Board AGAINST 6
PDD Holdings Inc. December 19, 2025 Elect Director Jiazhen Zhao Director Elections Board AGAINST 6
PDD Holdings Inc. December 19, 2025 Elect Director Lei Chen Director Elections Board AGAINST 6
PERMIAN RESOURCES CORPORATION May 19, 2026 Election of Director: Jeffrey H. Tepper Director Elections Board AGAINST 6
PERMIAN RESOURCES CORPORATION May 19, 2026 Election of Director: Maire A. Baldwin Director Elections Board AGAINST 6
PERMIAN RESOURCES CORPORATION May 19, 2026 Election of Director: Robert M. Tichio Director Elections Board AGAINST 6
PHC Holdings Corp. June 24, 2026 Appoint Statutory Auditor Noguchi, Yoshikuni Compensation Board AGAINST 6
PI Industries Limited August 14, 2025 Approve Reappointment and Remuneration of Mayank Singhal as Vice Person and Managing Director Compensation Board AGAINST 6
PI Industries Limited August 14, 2025 Approve Reappointment and Remuneration of Rajnish Sarna as Joint Managing Director Compensation Board AGAINST 6
PIERER Mobility AG November 19, 2025 Elect Pradeep Shrivastava as Supervisory Board Member Director Elections Board AGAINST 6
PIERER Mobility AG November 19, 2025 Elect Wulf Gordian Hauser as Supervisory Board Member Director Elections Board AGAINST 6
PNE AG May 19, 2026 Elect Alberto Donzelli to the Supervisory Board Director Elections Board AGAINST 6
PORR AG April 28, 2026 Approve Creation of EUR 5.9 Million Pool of Capital to Guarantee Conversion Rights Capital Structure Board AGAINST 6
PORR AG April 28, 2026 Approve Issuance of Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 5.9 Million Capital Structure Board AGAINST 6
PORR AG April 28, 2026 Approve Remuneration Policy Compensation Board AGAINST 6
PORR AG April 28, 2026 Approve Remuneration Report Compensation Board AGAINST 6
POSCO DX Co., Ltd. March 26, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6
POSCO M-TECH Co., Ltd. March 26, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6
PROG HOLDINGS, INC. May 6, 2026 Approval of a non-binding advisory resolution to approve the Company's executive compensation. Compensation Board AGAINST 6

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Built November 7, 2026 from SEC Form N-PX filings.