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Lincoln Financial
One season of the Lincoln Financial record. The family page shows the latest season.
- Vote records reported
- 269,481year to 30 June 2025
- Against management
- 7.8%20,492 of 263,459 marked votes
- Say-on-pay support
- 86.2%for, of for + against + abstain
- Shareholder-proposal support
- 37.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2025, Lincoln Financial reported 269,481 vote records on Form N-PX. 20,492 of the 263,459 votes that were marked for or against management went against management: 7.8%, close to the median of the fund families tracked here (7.6%).
Weighted by the number of shares voted, the against-management share is 3.7%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 86.2% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 37.5% of the proposals put forward by security holders (the median of the fund families tracked here: 29.5%).
By category, votes against management were most frequent in DIVERSITY, EQUITY, AND INCLUSION (57.9% of 1,033), ENVIRONMENT OR CLIMATE (51.8% of 2,002) and OTHER SOCIAL ISSUES (47.6% of 2,238).
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.
| year to 30 June 2025 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 7.8% | 7.6% | 9.7% |
| Say-on-pay support rate | 86.2% | 88.8% | 84.3% |
| Shareholder-proposal support rate | 37.5% | 29.5% | 33.0% |
| Shares on loan, share of shares held | 0.00% | 0.85% | 2.20% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 152,033 | 136,433 | 6,686 | 6.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 13,856 | 11,151 | 1,789 | 11.3% | |
| AUDIT-RELATED | 19,937 | 19,480 | 221 | 0.6% | |
| INVESTMENT COMPANY MATTERS | 8 | 8 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 903 | 665 | 185 | 27.6% | |
| EXTRAORDINARY TRANSACTIONS | 3,381 | 3,124 | 230 | 3.8% | |
| CAPITAL STRUCTURE | 23,616 | 20,561 | 2,718 | 7.1% | |
| COMPENSATION | 20,836 | 16,608 | 3,933 | 13.8% | |
| CORPORATE GOVERNANCE | 36,350 | 30,034 | 4,432 | 8.0% | |
| ENVIRONMENT OR CLIMATE | 2,014 | 263 | 1,740 | 51.8% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 678 | 205 | 470 | 41.9% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1,044 | 199 | 837 | 57.9% | |
| OTHER SOCIAL ISSUES | 2,258 | 809 | 1,426 | 47.6% | |
| OTHER | 2,375 | 1,103 | 879 | 12.9% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 242,623 | 9.7% | 86.7% | 37.6% | |
| year to 30 June 2025 | 269,481 | 7.8% | 86.2% | 37.5% | |
| year to 30 June 2026 | 238,562 | 8.6% | 86.3% | 28.4% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Lincoln Financial voted against management on 127 of the 2,792 it marked either way (4.5%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.
A further 3 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Thermo Fisher Scientific Inc. 21 May 2025
- Oracle Corporation 14 Nov 2024
- GE Aerospace 6 May 2025
- The Goldman Sachs Group, Inc. 23 Apr 2025
- WARNER BROS. DISCOVERY, INC. 2 Jun 2025
- Broadridge Financial Solutions, Inc. 14 Nov 2024
- ORGANON & CO. 10 Jun 2025
- Expedia Group, Inc. 3 Jun 2025
- Live Nation Entertainment, Inc. 12 Jun 2025
- DraftKings Inc. 19 May 2025
- Pinterest, Inc. 22 May 2025
- GoDaddy Inc. 4 Jun 2025
- Rivian Automotive, Inc. 18 Jun 2025
- Super Micro Computer, Inc. 4 Jun 2025
- Booz Allen Hamilton Holding Corporation 24 Jul 2024
- Las Vegas Sands Corp. 15 May 2025
- Corpay, Inc. 11 Jun 2025
- Molina Healthcare, Inc. 30 Apr 2025
- Entegris, Inc. 23 Apr 2025
- FMC Corporation 29 Apr 2025
- Tenet Healthcare Corporation 22 May 2025
- Coherent Corp. 14 Nov 2024
- Jefferies Financial Group Inc. 27 Mar 2025
- Caesars Entertainment, Inc. 10 Jun 2025
- SoFi Technologies, Inc. 28 May 2025
- Churchill Downs Incorporated 22 Apr 2025
- Blue Owl Capital Inc. 9 Jun 2025
- Hims & Hers Health, Inc. 12 Jun 2025
- Confluent, Inc. 11 Jun 2025
- Armstrong World Industries, Inc. 12 Jun 2025
- Newell Brands Inc. 8 May 2025
- Viper Energy, Inc. 20 May 2025
- Vaxcyte, Inc. 12 Jun 2025
- MARA Holdings, Inc. 26 Jun 2025
- Bloom Energy Corporation 14 May 2025
- Chewy, Inc. 11 Jul 2024
- CCC Intelligent Solutions Holdings Inc. 22 May 2025
- QuidelOrtho Corporation 20 May 2025
- Lazard, Inc. 8 May 2025
- Samsara Inc. 10 Jul 2024
Shareholder proposals it supported
Of 1,459 proposals from security holders that could be told apart in the filings and on which it cast a vote, Lincoln Financial voted for 611 (41.9%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding disclosure of voting results based on class of shares. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding report on hate targeting marginalized communities. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding dual class capital structure. |
| The Charles Schwab Corporation | 22 May 2025 | Stockholder proposal requesting declassification of the board of directors |
| DUKE ENERGY CORPORATION | 1 May 2025 | Shareholder proposal regarding support simple majority vote |
| United Parcel Service, Inc. | 8 May 2025 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| Boston Scientific Corporation | 1 May 2025 | Stockholder proposal titled "Support Simple Majority Vote." |
| Vertex Pharmaceuticals Incorporated | 14 May 2025 | Shareholder proposal, if properly presented at the meeting, regarding excessive golden parachutes. |
| The Travelers Companies, Inc. | 21 May 2025 | Shareholder proposal relating to ratification of golden parachutes, if presented at the Annual Meeting of... |
| Air Products and Chemicals, Inc. | 23 Jan 2025 | Shareholder Proposal to Amend the Bylaws to Repeal any Amendments Adopted after September 17, 2023 |
| Otis Worldwide Corporation | 15 May 2025 | Shareholder proposal regarding reporting on political contributions and expenditures |
| Airbnb, Inc. | 4 Jun 2025 | To consider one stockholder proposal regarding voting disclosure |
| Yum! Brands, Inc. | 15 May 2025 | Shareholder Proposal Regarding Workplace Safety Policies and Practices. |
| Delta Air Lines, Inc. | 19 Jun 2025 | A shareholder proposal requesting the ability for shareholders to act by written consent. |
| Cintas Corporation | 29 Oct 2024 | A shareholder proposal regarding disclosure of key diversity and inclusion metric |
| Cintas Corporation | 29 Oct 2024 | A shareholder proposal regarding political disclosure |
| Cintas Corporation | 29 Oct 2024 | A shareholder proposal regarding disclosure of managing climate risk through science-based targets and... |
| Agilent Technologies, Inc. | 13 Mar 2025 | Declassify the Board of Directors |
| WEC Energy Group, Inc. | 8 May 2025 | Stockholder proposal to support simple majority vote |
| IDEXX Laboratories, Inc. | 7 May 2025 | Declassify the Board of Directors |
| HCA Healthcare, Inc. | 24 Apr 2025 | Stockholder proposal, if properly presented at the meeting, regarding lavish golden parachutes. |
| Church & Dwight Co., Inc. | 1 May 2025 | Stockholder Proposal - Support Special Shareholder Meeting Improvement. |
| IQVIA Holdings Inc. | 24 Apr 2025 | If properly presented, a stockholder proposal concerning special stockholder meetings. |
| Lennar Corporation | 9 Apr 2025 | Vote on a stockholder proposal on an Independent Board Chairman. |
| Snowflake Inc. | 2 Jul 2024 | To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal... |
| Keysight Technologies, Inc. | 20 Mar 2025 | Declassify the Board of Directors |
| Quest Diagnostics Incorporated | 15 May 2025 | Stockholder proposal, as described in the accompanying proxy statement |
| ORGANON & CO. | 10 Jun 2025 | Corporate governance |
| CoStar Group, Inc. | 26 Jun 2025 | Stockholder proposal regarding support for transparency in political spending |
| Regions Financial Corporation | 16 Apr 2025 | Shareholder Proposal Relating to Simple Majority Vote. |
| CDW Corporation | 20 May 2025 | To consider and act upon the stockholder proposal, if properly presented at the meeting, regarding... |
| Monolithic Power Systems, Inc. | 12 Jun 2025 | Vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting. |
| HubSpot, Inc. | 4 Jun 2025 | Adopt Simple Majority Vote |
| ANSYS, Inc. | 27 Jun 2025 | Stockholder Proposal Requesting Support for Shareholder Right to Act by Written Consent |
| Skyworks Solutions, Inc. | 14 May 2025 | To approve a stockholder proposal regarding simple majority vote. |
| CMS Energy Corporation | 2 May 2025 | Vote on a Shareholder Proposal: Support Shareholder Ability to Call for a Special Shareholder Meeting. |
| Teradyne, Inc. | 9 May 2025 | To vote on a shareholder proposal requiring the Company to prepare a report about political contributions... |
| Hologic, Inc. | 26 Feb 2025 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| CF Industries Holdings, Inc. | 6 May 2025 | Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes |
| Albemarle Corporation | 6 May 2025 | Shareholder proposal regarding simple majority vote. |
Shares on loan
Lincoln Financial reported no shares on loan for the year to 30 June 2025. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Questions
How did Lincoln Financial vote on executive pay?
In the year to 30 June 2025 Lincoln Financial reported 12,940 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 11,151 were for (86.2%), 1,789 against and 0 abstentions. Counting one item per company meeting, it voted against management on 127 of the 2,792 say-on-pay items it marked either way. A further 3 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Lincoln Financial vote against management?
7.8% of the time in the year to 30 June 2025: 20,492 of the 263,459 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did Lincoln Financial support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1,779 votes on proposals from security holders in the year to 30 June 2025 and voted for 65 of them (3.7%). Across every category it voted for 37.5% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Back to the Lincoln Financial family page · All filers in the year to 30 June 2025
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under Lincoln Financial, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.