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Novo Nordisk A/S
How funds and institutional managers reported voting their shares, year to 30 June 2026
- Filers reporting
- 330year to 30 June 2026
- Against management on pay
- 18.2%14 of 77 reporting filers
- Same, by reported shares
- 78.2%shares reported on Form N-PX
- Meetings on file
- 4across 3 seasons
foragainstabstain, withhold or otheramber tick: the portion cast against management
330 Form N-PX filers reported votes at Novo Nordisk A/S for the year to 30 June 2026, across 2 meetings.
On the advisory vote on executive pay, 14 of the 77 filers that reported a position voted against management (18.2%), 11.6 percentage points above the median company on this site (6.6%). By reported shares the figure is 78.2% (median 2.9%). These are shares of the filers reporting on Form N-PX, not of all votes cast at the meeting.
Among the largest fund families, 8 voted with management on pay and 2 voted against: J.P. Morgan and BlackRock and iShares.
Meetings
| Meeting date | Season | Filers reporting | Items | Against management on pay |
|---|---|---|---|---|
| 26 Mar 2026 | year to 30 June 2026 | 279 | 7 | 18.2% |
| 14 Nov 2025 | year to 30 June 2026 | 270 | 4 | not reported |
| 27 Mar 2025 | year to 30 June 2025 | 357 | 10 | 1.8% |
| 21 Mar 2024 | year to 30 June 2024 | 364 | 8 | 1.3% |
Meetings with 20 or more reporting filers have their own page with every item. Dates are as filers typed them; dates up to three days apart are treated as one meeting.
Say-on-pay: this company and the median
| year to 30 June 2026 | Novo Nordisk A/S | Median company |
|---|---|---|
| Reporting filers voting against management | 18.2% | 6.6% |
| Reported shares voted against management | 78.2% | 2.9% |
Among filers reporting on Form N-PX. The median is over 3,799 companies with a say-on-pay item reported by 20 or more filers.
How the largest families voted
Meeting of 26 Mar 2026: say-on-pay and each shareholder proposal that could be told apart.
| Family | Say-on-pay |
|---|---|
| Vanguard | For |
| BlackRock and iShares | Against * |
| John Hancock and Manulife | For |
| J.P. Morgan | Against * |
| Jackson National funds | For |
| Northern Trust and FlexShares | For |
| Brighthouse Funds | For |
| Transamerica | For |
| MassMutual | For |
| Harbor Funds | For |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
By season
| Season | Filers reporting | Against management on pay, filers | By reported shares | Say-on-pay split |
|---|---|---|---|---|
| year to 30 June 2024 | 364 | 1.3% | 0.1% | |
| year to 30 June 2025 | 357 | 1.8% | 0.1% | |
| year to 30 June 2026 | 330 | 18.2% | 78.2% |
Category mix
Share of the vote records reported for this company, by the category filers chose.
| Category | Vote records | Share |
|---|---|---|
| DIRECTOR ELECTIONS | 17,984 | 44.8% |
| CAPITAL STRUCTURE | 6,288 | 15.7% |
| COMPENSATION | 5,403 | 13.5% |
| CORPORATE GOVERNANCE | 5,062 | 12.6% |
| OTHER | 2,182 | 5.4% |
| AUDIT-RELATED | 1,889 | 4.7% |
| SECTION 14A SAY-ON-PAY VOTES | 653 | 1.6% |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 639 | 1.6% |
Questions
How did large funds vote at Novo Nordisk A/S?
For the year to 30 June 2026, 77 Form N-PX filers reported a say-on-pay vote at Novo Nordisk A/S; 14 voted against management (18.2%). The table on this page lists the position of each of the largest fund families on say-on-pay and on each shareholder proposal that could be told apart in the filings.
Were there shareholder proposals at Novo Nordisk A/S?
No proposal from security holders was reported by enough filers to be shown for the year to 30 June 2026.
Is this the meeting result?
No. The figures are shares of the funds and managers that file Form N-PX, and of the shares they reported. Holders that do not file the form (individuals, most foreign investors, insiders) are not included, so the split here can differ widely from the certified result, which Novo Nordisk A/S reports on Form 8-K.
Where does the data come from?
From Form N-PX filings on the SEC's EDGAR system, grouped by company. Filers type company names and meeting dates themselves; this site groups spellings of the same company and folds meeting dates up to three days apart. Data runs through 23 Sep 2026; the median compares 3,799 companies.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings that list Novo Nordisk A/S, grouped by company. The name is the most common spelling among filers; the ticker and SEC company number come from the SEC company tickers file, matched on the exact name. Not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.