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Home / Families / PGIM and Prudential / year to 30 June 2024

Form N-PX · fund family · year to 30 June 202430 filers grouped

PGIM and Prudential

One season of the PGIM and Prudential record. The family page shows the latest season.

Vote records reported
415,479year to 30 June 2024
Against management
7.2%28,635 of 399,660 marked votes
Say-on-pay support
80.4%for, of for + against + abstain
Shareholder-proposal support
31.8%for, of for + against + abstain
89.8% for8.5% against1.7% other7.2% against management403,668 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

In its Form N-PX for the year to 30 June 2024, PGIM and Prudential listed 415,479 vote records. Votes against management made up 7.2% of those marked either way (28,635 of 399,660); the median of the fund families tracked here stood at 8.5%.

Weighted by the number of shares voted, the against-management share is 3.0%. 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 80.4% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 31.8% of the proposals put forward by security holders (the median of the fund families tracked here: 35.1%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (38.9% of 3,004), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (20.7% of 2,724) and OTHER SOCIAL ISSUES (18.0% of 6,520).

It reported 1.61 billion shares out on loan at record dates, 1.46% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

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 2024This familyMedian familyAll filers pooled
Against-management share7.2%8.5%10.2%
Say-on-pay support rate80.4%89.0%84.6%
Shareholder-proposal support rate31.8%35.1%37.0%
Shares on loan, share of shares held1.46%1.34%0.08%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%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)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS228,762215,8339,4615.2%
SECTION 14A SAY-ON-PAY VOTES24,15316,9804,13917.9%
AUDIT-RELATED27,71127,622840.2%
SHAREHOLDER RIGHTS AND DEFENSES3,1942,60956238.9%
EXTRAORDINARY TRANSACTIONS1,5841,492924.8%
CAPITAL STRUCTURE29,16426,5832,5559.4%
COMPENSATION30,08126,3583,6588.9%
CORPORATE GOVERNANCE46,28942,5523,5757.1%
ENVIRONMENT OR CLIMATE4,1609423,17716.7%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2,7246552,06020.7%
DIVERSITY, EQUITY, AND INCLUSION2,8206042,21417.7%
OTHER SOCIAL ISSUES6,5502,1734,35518.0%
OTHER1,4091,292832.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024415,4797.2%80.4%31.8%
year to 30 June 2025320,2296.4%79.8%27.4%
year to 30 June 2026307,6786.6%82.5%30.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, PGIM and Prudential voted against management on 598 of the 2,746 it marked either way (21.8%) in the year to 30 June 2024. 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.

Shareholder proposals it supported

Of 1,006 proposals from security holders that could be told apart in the filings and on which it cast a vote, PGIM and Prudential voted for 389 (38.7%). 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.

CompanyMeetingProposal
Microsoft Corporation7 Dec 2023Report on Tax Transparency
Microsoft Corporation7 Dec 2023Report on Risks of Weapons Development
Apple Inc.28 Feb 2024A shareholder proposal requesting a report on the use of Al
NVIDIA Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
JPMorgan Chase & Co.21 May 2024Shareholder opportunity to vote on excessive golden parachutes
JPMorgan Chase & Co.21 May 2024Independent board chairman
Mastercard Incorporated18 Jun 2024Consideration of a stockholder proposal requesting transparency in lobbying. 5.consideration of a...
AbbVie Inc.3 May 2024Stockholder Proposal - to Implement Simple Majority Vote
Adobe Inc.17 Apr 2024Shareholder proposal: CORPORATE GOVERNANCE
Cisco Systems, Inc.6 Dec 2023Stockholder Proposal - Approval to have Ciscos Board issue a tax transparency report in consideration of...
CHEVRON CORPORATION29 May 2024Report on Tax Practices
The Procter & Gamble Company10 Oct 2023Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company...
PEPSICO, INC.1 May 2024Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss.
PEPSICO, INC.1 May 2024Shareholder Proposal - Third-Party Racial Equity Audit.
PEPSICO, INC.1 May 2024Shareholder Proposal - Global Transparency Report.
PEPSICO, INC.1 May 2024Shareholder proposal: CORPORATE GOVERNANCE
Thermo Fisher Scientific Inc.22 May 2024Shareholder Proposal: Simple Majority Vote.
Bank of America Corporation24 Apr 2024Shareholder proposal requesting independent board chair
The Walt Disney Company3 Apr 2024Shareholder proposal: CORPORATE GOVERNANCE
Walmart Inc.5 Jun 2024Racial Equity Audit
Walmart Inc.5 Jun 2024Workplace Safety & Violence Review
Pfizer Inc.25 Apr 2024Adopt an Independent Board Chair Policy
Pfizer Inc.25 Apr 2024Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
Verizon Communications Inc.9 May 2024Amend clawback policy
Verizon Communications Inc.9 May 2024Independent Board chair
Oracle Corporation15 Nov 2023Stockholder Proposal Regarding Pay Gap Report
Oracle Corporation15 Nov 2023Stockholder Proposal Regarding Independent Board Chairman
Tesla, Inc.13 Jun 2024A stockholder proposal regarding simple majority voting provisions in our governing documents
Tesla, Inc.13 Jun 2024Declassify the Board of Directors
Danaher Corporation7 May 2024To act upon a shareholder proposal requesting a report to shareholders on the effectiveness of the...
Danaher Corporation7 May 2024Reduce Ownership Threshold for Shareholders to Call Special Meeting
Bristol-Myers Squibb Company7 May 2024Require Independent Board Chair
NextEra Energy, Inc.23 May 2024Disclose Board Skills and Diversity Matrix
AT&T INC.16 May 2024Amend Clawback Policy
ConocoPhillips14 May 2024Simple Majority Vote.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to permit a combined 15% of stockholders to call a special meeting.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to report on due diligence efforts to identify risks associated with product misuse.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Report on Respecting Indigenous Peoples' Rights.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Annual Climate Lobbying Congruency Report.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Annual Report on Congruency of Political Spending and Corporate Values.

Shares on loan

PGIM and Prudential reported 1.61 billion shares on loan at record dates against 108.19 billion shares voted: 1.46% of the two together. Median family: 1.34%. 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 PGIM and Prudential vote on executive pay?

In the year to 30 June 2024 PGIM and Prudential reported 21,121 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 16,980 were for (80.4%), 4,139 against and 2 abstentions. Counting one item per company meeting, it voted against management on 598 of the 2,746 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 PGIM and Prudential vote against management?

7.2% of the time in the year to 30 June 2024: 28,635 of the 399,660 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 PGIM and Prudential support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 3,781 votes on proposals from security holders in the year to 30 June 2024 and voted for 621 of them (16.4%). Across every category it voted for 31.8% 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 PGIM and Prudential family page · All filers in the year to 30 June 2024

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under PGIM and Prudential, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.