Home / Families / PGIM and Prudential / year to 30 June 2025
PGIM and Prudential
One season of the PGIM and Prudential record. The family page shows the latest season.
- Vote records reported
- 320,229year to 30 June 2025
- Against management
- 6.4%19,775 of 309,728 marked votes
- Say-on-pay support
- 79.8%for, of for + against + abstain
- Shareholder-proposal support
- 27.4%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2025, PGIM and Prudential listed 320,229 vote records. Votes against management made up 6.4% of those marked either way (19,775 of 309,728); the median of the fund families tracked here stood at 7.6%.
Weighted by the number of shares voted, the against-management share is 6.0%. 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 79.8% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 27.4% 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 SHAREHOLDER RIGHTS AND DEFENSES (33.9% of 2,525), SECTION 14A SAY-ON-PAY VOTES (20.3% of 18,851) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (20.2% of 1,047).
It reported 921.7 million shares out on loan at record dates, 3.21% 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 2025 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 6.4% | 7.6% | 9.7% |
| Say-on-pay support rate | 79.8% | 88.8% | 84.3% |
| Shareholder-proposal support rate | 27.4% | 29.5% | 33.0% |
| Shares on loan, share of shares held | 3.21% | 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 | 178,095 | 168,613 | 6,289 | 5.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 18,933 | 14,133 | 3,571 | 20.3% | |
| AUDIT-RELATED | 22,622 | 22,561 | 53 | 0.1% | |
| INVESTMENT COMPANY MATTERS | 53 | 43 | 10 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 2,729 | 2,324 | 405 | 33.9% | |
| EXTRAORDINARY TRANSACTIONS | 1,254 | 1,185 | 68 | 2.9% | |
| CAPITAL STRUCTURE | 23,606 | 21,557 | 2,048 | 8.5% | |
| COMPENSATION | 22,454 | 20,522 | 1,900 | 6.9% | |
| CORPORATE GOVERNANCE | 34,435 | 31,952 | 2,446 | 4.7% | |
| ENVIRONMENT OR CLIMATE | 2,915 | 423 | 2,485 | 6.1% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 1,047 | 298 | 749 | 20.2% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1,568 | 241 | 1,313 | 10.0% | |
| OTHER SOCIAL ISSUES | 3,848 | 1,521 | 2,305 | 16.1% | |
| OTHER | 566 | 520 | 44 | 0.2% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 415,479 | 7.2% | 80.4% | 31.8% | |
| year to 30 June 2025 | 320,229 | 6.4% | 79.8% | 27.4% | |
| year to 30 June 2026 | 307,678 | 6.6% | 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 637 of the 2,787 it marked either way (22.9%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.
A further 304 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- JPMorgan Chase & Co. 20 May 2025
- Salesforce, Inc. 5 Jun 2025
- Cisco Systems, Inc. 9 Dec 2024
- The Coca-Cola Company 30 Apr 2025
- Thermo Fisher Scientific Inc. 21 May 2025
- Oracle Corporation 14 Nov 2024
- Pfizer Inc. 24 Apr 2025
- NIKE, Inc. 10 Sep 2024
- HONEYWELL INTERNATIONAL INC. 20 May 2025
- Starbucks Corporation 12 Mar 2025
- Morgan Stanley 15 May 2025
- Citigroup Inc. 29 Apr 2025
- Advanced Micro Devices, Inc. 14 May 2025
- Intel Corporation 6 May 2025
- The Charles Schwab Corporation 22 May 2025
- DUKE ENERGY CORPORATION 1 May 2025
- BlackRock, Inc. 15 May 2025
- 3M Company 13 May 2025
- CVS Health Corporation 15 May 2025
- Emerson Electric Co. 4 Feb 2025
- The Cigna Group 23 Apr 2025
- Micron Technology, Inc. 16 Jan 2025
- Carrier Global Corporation 9 Apr 2025
- Elevance Health, Inc. 14 May 2025
- CSX Corporation 7 May 2025
- DUPONT DE NEMOURS, INC. 22 May 2025
- WARNER BROS. DISCOVERY, INC. 2 Jun 2025
- Chipotle Mexican Grill, Inc. 11 Jun 2025
- Corteva, Inc. 30 Apr 2025
- Otis Worldwide Corporation 15 May 2025
- Corning Incorporated 1 May 2025
- General Motors Company 3 Jun 2025
- VIATRIS INC. 6 Dec 2024
- FORD MOTOR COMPANY 8 May 2025
- L3Harris Technologies, Inc. 18 Apr 2025
- Marvell Technology, Inc. 13 Jun 2025
- Moody's Corporation 15 Apr 2025
- Aon Plc 27 Jun 2025
- Nucor Corporation 8 May 2025
- D.R. Horton, Inc. 16 Jan 2025
Shareholder proposals it supported
Of 811 proposals from security holders that could be told apart in the filings and on which it cast a vote, PGIM and Prudential voted for 275 (33.9%). 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 |
|---|---|---|
| Microsoft Corporation | 10 Dec 2024 | Report on AI Misinformation and Disinformation |
| Microsoft Corporation | 10 Dec 2024 | Report on AI Data Sourcing Accountability |
| NVIDIA Corporation | 25 Jun 2025 | Approval of a stockholder proposal to modify existing reporting on workforce data. |
| NVIDIA Corporation | 25 Jun 2025 | S/H Proposal - Corporate Governance |
| 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 report on child safety impacts and actual harm reduction to children. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding dual class capital structure. |
| Visa Inc. | 28 Jan 2025 | S/H Proposal - Corporate Governance |
| JPMorgan Chase & Co. | 20 May 2025 | Support for an independent board chairman |
| UnitedHealth Group Incorporated | 2 Jun 2025 | If properly presented at the 2025 Annual Meeting of Shareholders, the shareholder proposal requesting a... |
| The Home Depot, Inc. | 22 May 2025 | Shareholder Proposal Regarding Independent Board Chair |
| AbbVie Inc. | 9 May 2025 | Stockholder Proposal - to Implement Simple Majority Vote |
| Merck & Co., Inc. | 27 May 2025 | Shareholder proposal regarding a tax transparency report. |
| Adobe Inc. | 22 Apr 2025 | Stockholder Proposal Regarding Vote on Golden Parachutes. |
| Comcast Corporation | 18 Jun 2025 | Adopt policy for an independent chair |
| International Business Machines Corporation | 29 Apr 2025 | Stockholder Proposal to Support Transparency in Lobbying |
| Texas Instruments Incorporated | 17 Apr 2025 | Stockholder proposal to permit a combined 10% of stockholders to call a special meeting. |
| NIKE, Inc. | 10 Sep 2024 | To consider a shareholder proposal regarding Environmental Targets |
| Intuitive Surgical, Inc. | 1 May 2025 | The stockholder proposal that is titled "requesting a shareholder approval requirement for excessive... |
| HONEYWELL INTERNATIONAL INC. | 20 May 2025 | Shareowner Proposal - Independent Board Chairman. |
| S&P Global Inc. | 7 May 2025 | Vote on a shareholder proposal to amend the Company's clawback policy for unearned executive pay; |
| Advanced Micro Devices, Inc. | 14 May 2025 | Amend Right to Call Special Meeting |
| Intel Corporation | 6 May 2025 | Stockholder proposal requesting shareholder right to act by written consent |
| Gilead Sciences, Inc. | 7 May 2025 | To vote on a stockholder proposal requesting a comprehensive human rights policy and human rights due... |
| Gilead Sciences, Inc. | 7 May 2025 | To vote on a stockholder proposal requesting an independent Board Chair policy |
| 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 |
| LOCKHEED MARTIN CORPORATION | 9 May 2025 | Stockholder Proposal Requesting Shareholder Approval Requirement for Excessive Golden Parachutes |
| 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. |
| PayPal Holdings, Inc. | 5 Jun 2025 | Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders. |
| Booking Holdings Inc. | 3 Jun 2025 | Reduce Ownership Threshold for Shareholders to Call Special Meeting |
| Zoetis Inc. | 21 May 2025 | Shareholder proposal regarding a special shareholder meeting improvement. |
| CVS Health Corporation | 15 May 2025 | Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent. |
| Colgate-Palmolive Company | 9 May 2025 | Stockholder proposal entitled "Support an independent Board Chairman." |
| THE SOUTHERN COMPANY | 21 May 2025 | Stockholder proposal regarding simple majority vote |
| Boston Scientific Corporation | 1 May 2025 | Stockholder proposal titled "Support Simple Majority Vote." |
| The Cigna Group | 23 Apr 2025 | Shareholder proposal - Support Special Shareholder Meeting Improvement |
| FedEx Corporation | 23 Sep 2024 | Stockholder proposal regarding a Just Transition report. |
| Vertex Pharmaceuticals Incorporated | 14 May 2025 | Shareholder proposal, if properly presented at the meeting, regarding excessive golden parachutes. |
Shares on loan
PGIM and Prudential reported 921.7 million shares on loan at record dates against 27.78 billion shares voted: 3.21% of the two together. Median family: 0.85%. 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 2025 PGIM and Prudential reported 17,719 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 14,133 were for (79.8%), 3,571 against and 15 abstentions. Counting one item per company meeting, it voted against management on 637 of the 2,787 say-on-pay items it marked either way. A further 304 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?
6.4% of the time in the year to 30 June 2025: 19,775 of the 309,728 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 2,655 votes on proposals from security holders in the year to 30 June 2025 and voted for 170 of them (6.4%). Across every category it voted for 27.4% 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 2025
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.