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Vanguard 2025-2026: where it broke with the board

At least 6,029 proposals in the 2025-2026 proxy season: Vanguard voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 29 shareholder proposals, by its own Form N-PX filings.

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
SIRIUS XM HOLDINGS INC. May 28, 2026 Elect Directors: Kristina M. Salen Director Elections Board ABSTAIN 6
SK bioscience Co., Ltd. March 23, 2026 Elect Ahn Jae-hyeon as Non-Independent Non-Executive Director Director Elections Board AGAINST 6
SK bioscience Co., Ltd. March 23, 2026 Elect Park Jin-seon as Inside Director Director Elections Board AGAINST 6
SKY Perfect JSAT Corp. June 19, 2026 Elect Director Yonekura, Eiichi Director Elections Board AGAINST 6
SM Entertainment Co., Ltd. March 25, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
SMA Solar Technology AG June 9, 2026 Approve Remuneration Report Compensation Board AGAINST 6
SOLVENTUM CORPORATION May 15, 2026 Ratification of the appointment of PwC as Solventum's independent registered public accounting firm for the fiscal year ending December 31, 2026 Audit-related Board AGAINST 6
SOMNIGROUP INTERNATIONAL INC. May 13, 2026 APPROVAL OF AN AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 500,000,000 TO 1,000,000,000. Capital Structure Board AGAINST 6
SONGWON INDUSTRIAL Co., Ltd. March 19, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
SONGWON INDUSTRIAL Co., Ltd. March 19, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6
SPARX Group Co., Ltd. June 5, 2026 Elect Director Abe, Shuhei Director Elections Board AGAINST 6
ST Pharm Co., Ltd. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
STEF April 23, 2026 Approve Remuneration Policy of Corporate Officers Compensation Board AGAINST 6
STEF April 23, 2026 Reelect Atlantique Management as Director Director Elections Board AGAINST 6
STEF April 23, 2026 Reelect Maxime Vandoni as Director Director Elections Board AGAINST 6
STEF April 23, 2026 Reelect Sophie Breuil as Director Director Elections Board AGAINST 6
STEPAN COMPANY April 28, 2026 Election of Director: F. Quinn Stepan, Jr. Director Elections Board AGAINST 6
STEPAN COMPANY April 28, 2026 Election of Director: Joaquin Delgado Director Elections Board AGAINST 6
STRATEGIC EDUCATION, INC. April 22, 2026 Election of Directors: Dr. Charlotte F. Beason Director Elections Board AGAINST 6
STRATEGIC EDUCATION, INC. April 22, 2026 Election of Directors: G. Thomas Waite, III Director Elections Board AGAINST 6
STRATEGIC EDUCATION, INC. April 22, 2026 Election of Directors: Karl McDonnell Director Elections Board AGAINST 6
STRATEGIC EDUCATION, INC. April 22, 2026 Election of Directors: Robert R. Grusky Director Elections Board AGAINST 6
STRATEGIC EDUCATION, INC. April 22, 2026 Election of Directors: Robert S. Silberman Director Elections Board AGAINST 6
STRATEGY INC June 8, 2026 To approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement. Compensation Board AGAINST 6
SUNRUN INC. May 28, 2026 Elect Directors: Sonita Lontoh Director Elections Board ABSTAIN 6
Sacyr SA June 3, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 6
Sacyr SA June 3, 2026 Amend Remuneration Policy Compensation Board AGAINST 6
Sacyr SA June 3, 2026 Approve Grant of Shares under 2026-2029 Long-Term Incentive Plan and the 2026-2029 Supplementary Variable Remuneration Plan Compensation Board AGAINST 6
Sacyr SA June 3, 2026 Reelect Demetrio Carceller Arce as Director Director Elections Board AGAINST 6
Sahara International Petrochemical Co. November 25, 2025 Elect Abdulazeez Al Tuweejri as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Abdulilah Al Tounisi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Abdullah Al Al Sheikh as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Abdullah Al Saadoun as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Abdullah Al Shuqeer as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ahmed Al Attas as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ahmed Al Baqshi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ahmed Al Bouayneen as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ahmed Al Harbi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ahmed Al Saadi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ahmed Al Suneedi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ali Al Oteebi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ali Al Yami as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Aqeel Al Suweelim as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Ayidh Al Oteebi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Badr Al Maliki as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Fahd Al Ajmi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Fahd Al Dhufeeri as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Fahd Al Mutrafi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Fahd Al Rajhi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Farhan Al Bouayneen as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Faysal Al Assaf as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Faysal Al Qadhi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Hamid Al Abdulateef as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Hani Al Bakheetan as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Hani Qashlan as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Khalid Al Nuweesir as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Khalid Al Zamil as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mahmoud Al Theeb as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Majid Al Suweegh as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Majid Fattah as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Al Ghamdi as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Al Habdan as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Al Qarni as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Al Qurayshah as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Al Sabiq as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Al Sultan as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Mohammed Hantoul as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Muhannd Abou Al Majd as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Raed Al Rasheed as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Rayan Al Fadhil as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Riyadh Al Nassar as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Riyadh Idrees as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Saeed Al Issaee as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Saeed Basamh as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Sami Al Babteen as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Saoud Al Arfaj as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Shabnam Mohammed as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Sulayman Al Numeer as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Thamir Al Wadee as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Turki Al Obeelan as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Usamah Al Zamil as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Wael Al Bassam as Director Director Elections Board ABSTAIN 6
Sahara International Petrochemical Co. November 25, 2025 Elect Waleed Al Bathi as Director Director Elections Board ABSTAIN 6
Sailun Group Co., Ltd. December 19, 2025 Approve Estimated Amount of External Guarantees Capital Structure Board AGAINST 6
Sakai Chemical Industry Co., Ltd. June 25, 2026 Appoint Statutory Auditor Hattori, Hiroyuki Compensation Board AGAINST 6
Salvatore Ferragamo SpA April 23, 2026 Approve 2026-2028 Performance and Restricted Shares LTI Plan Compensation Board AGAINST 6
Salvatore Ferragamo SpA April 23, 2026 Approve Maximum Limit for the Remuneration of Directors Holding Special Offices Compensation Board AGAINST 6
Salvatore Ferragamo SpA April 23, 2026 Approve Remuneration Policy Compensation Board AGAINST 6
Salvatore Ferragamo SpA April 23, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 6
Samsung Epis Holdings Co., Ltd. March 20, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
Samvardhana Motherson International Limited August 22, 2025 Approve Grant of Options to the Employees of the Group Company of the Company(ies) Under Samvardhana Motherson International Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 6
Samvardhana Motherson International Limited August 22, 2025 Approve Grant of Options to the Employees of the Subsidiary Company(ies) of the Company Under Samvardhana Motherson International Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 6
Samvardhana Motherson International Limited August 22, 2025 Approve Provision to Grant Loan, Provide Guarantee or Security for Purchase of Its Own Shares by the Trust under the Samvardhana Motherson International Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 6
Samvardhana Motherson International Limited August 22, 2025 Approve Samvardhana Motherson International Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 6
Samvardhana Motherson International Limited August 22, 2025 Approve Secondary Acquisition of Shares through Trust Route for the Implementation of Samvardhana Motherson International Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 6
Samvardhana Motherson International Limited August 28, 2025 Approve Limits under Section 186 of the Companies Act, 2013 Capital Structure Board AGAINST 6
Samyang Biopharm Corp. March 23, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
San ju San Financial Group, Inc. June 25, 2026 Elect Director Michihiro, Gotaro Director Elections Board AGAINST 6
Sanil Electric Co., Ltd. March 25, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6

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