Home / Companies / Visa Inc. / 28 Jan 2025
Visa Inc.: meeting of 28 Jan 2025
Votes reported on Form N-PX, item by item
2,351 Form N-PX filers reported votes at the Visa Inc. meeting of 28 Jan 2025. Their records fall into 9 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
11 nominees; 88.0% of reported votes for; 66 filers withheld from or voted against at least one nominee.
21,496 vote records from 614 filers. 13 of the 613 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
5,001 vote records from 2,316 filers. 136 of the 2,257 filers that marked the item either way voted against management. 59 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
1,771 vote records from 609 filers. 10 of the 608 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
95 vote records from 37 filers. 5 of the 37 filers that marked the item either way voted against management.
OTHER SOCIAL ISSUESSecurity holder
Shareholder proposal on gender-based compensation gaps and associated risks.
1,877 vote records from 591 filers. 36 of the 588 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder proposal requesting a report on policy on merchant category codes.
1,835 vote records from 581 filers. 32 of the 581 filers that marked the item either way voted against management.
OTHER SOCIAL ISSUESSecurity holder
Shareholder proposal on transparency in lobbying.
1,855 vote records from 585 filers. 103 of the 584 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
CORPORATE GOVERNANCESecurity holder
S/H Proposal - Corporate Governance
1,865 vote records from 584 filers. 137 of the 582 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
Several categoriesSecurity holder
Shareholder proposals (not separable from the filings)
Filers described these proposals in wordings that could not be matched to one another, so they are shown together.
99 vote records from 27 filers. 6 of the 27 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 5. Proposal | 6. Proposal | 7. Proposal | 8. Proposal |
|---|---|---|---|---|---|---|---|
| Vanguard | For | For | For | Against | Against | Against | Against |
| BlackRock and iShares | For | For | For | Against | Against | Against | Against |
| Fidelity | For | For | For | Against | Against | Against | For * |
| Dimensional | For | For | For | Against | Against | Against | For * |
| State Street and SPDR | For | For | For | Against | Against | Against | Against |
| American Century | For | For | For | Against | Against | Against | Against |
| Franklin Templeton | For | For | For | Against | Against | Against | Against |
| Invesco | For | For | For | Against | Against | Against | Against |
| Equitable | For | For | For | Against | Against | Against | Against |
| Charles Schwab | For | For | For | Against | Against | Against | For * |
| Nuveen and TIAA | For | For | For | Against | Against | Against | Against |
| ProShares and ProFunds | For | For | For | Against | Against | Against | Against |
| John Hancock and Manulife | For | For | For | Against | Against | For * | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For | Against | Against | For * | Against |
| J.P. Morgan | For | For | For | Against | Against | Against | Against |
| Goldman Sachs | For | For | For | Against | Against | Against | Against |
| WisdomTree | For | For | For | Against | Against | Against | Against |
| PGIM and Prudential | For | For | For | Against | Against | Against | For * |
| Jackson National funds | For | For | For | Against | Against | Against | Against |
| Northern Trust and FlexShares | For | For | For | Against | Against | Against | Against |
| SEI | For | For | For | Against | Against | Against | For * |
| T. Rowe Price | For | For | For | Against | Against | Against | Against |
| Thrivent | For | For | For | Against | Against | Against | Against |
| Lincoln Financial | For | For | For | Against * | Against * | Against * | Against * |
| Voya | For | For | For | Against | Against | Against | Against |
| First Trust | For | For | For | Against | Against | Against | Against |
| Russell Investments | For | For | For | Against | Against | Against | For * |
| Nationwide | For | For | For | Against | Against | Against | Against |
| Victory Capital | For | For | For | Against | Against | Against | Against |
| Brighthouse Funds | For | For | For | Against | Against | Against | Against |
| Guggenheim and Rydex | For | For | For | Against | Against | Against | Against |
| Columbia Threadneedle | For | For | For | Against | Against | Against | Against |
| BNY Mellon | For | For | For | Against | Against | Against | Against |
| Principal | For | For | For | Against | Against | Against | Against |
| Capital Group and American Funds | For | For | For | Against | Against | Against | Against |
| Pacific Life funds | For | For | For | Against | Against | Against | Against |
| Global X | For | For | For | No report | No report | No report | No report |
| MFS | For | For | For | Against | Against | Against | Against |
| Transamerica | For | For | For | Against | Against | Against | Against |
| Federated Hermes | For | For | For | Against | Against | Against | For * |
| AllianceBernstein | For | For | For | Against | Against | Against | Against |
| Hartford Funds | For | For | For | Against | Against | Against | Against |
| DWS | For | For | For | Against | Against | For * | Against |
| PIMCO | For | For | For | Against | Against | Against | Against |
| Allspring | For | For | For | Against | Against | Against | Against |
| MassMutual | For | For | For | Against | Against | Against | Against |
| Harbor Funds | For | For | For | Against | Against | Against | For * |
| Virtus | For | For | For | Against | Against | Against | Against |
| VanEck | For | For | For | Against | Against | Against | For * |
| Macquarie and Delaware Funds | For | For | For | Against | Against | For * | Against |
| Janus Henderson | For | For | For | Against | Against | Against | Against |
| Neuberger Berman | For | For | For | Against | Against | Against | For * |
| American Beacon | For | For | For | Against | Against | Against | Against |
| Natixis and Loomis Sayles | For | For | For | Against | Against | Against | Against |
| Lord Abbett | For | For | For | Against | Against | Against | Against |
| Dodge & Cox | No report | For | No report | No report | No report | No report | No report |
| Harris Associates and Oakmark | No report | For | No report | No report | No report | No report | No report |
| Baird | No report | For | No report | No report | No report | No report | No report |
| Artisan Partners | For | For | For | No report | No report | No report | No report |
* 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.
Questions
How did large funds vote at the Visa Inc. meeting?
2,351 Form N-PX filers reported votes at the meeting of 28 Jan 2025. On say-on-pay, 136 of 2,257 voted against management (6.0%). 4 proposals from security holders could be told apart in the filings. The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Visa Inc. on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for Visa Inc.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Visa Inc. with a meeting date within three days of 28 Jan 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.