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Charles Schwab
One season of the Charles Schwab record. The family page shows the latest season.
- Vote records reported
- 450,649year to 30 June 2025
- Against management
- 6.5%28,163 of 431,055 marked votes
- Say-on-pay support
- 91.1%for, of for + against + abstain
- Shareholder-proposal support
- 15.7%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, Charles Schwab listed 450,649 vote records. Votes against management made up 6.5% of those marked either way (28,163 of 431,055); the median of the fund families tracked here stood at 7.6%.
Weighted by the number of shares voted, the against-management share is 8.8%. 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 91.1% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 15.7% 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 INVESTMENT COMPANY MATTERS (16.7% of 30), COMPENSATION (13.7% of 28,049) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (12.7% of 511).
It reported 4.09 billion shares out on loan at record dates, 1.08% 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 | 6.5% | 7.6% | 9.7% |
| Say-on-pay support rate | 91.1% | 88.8% | 84.3% |
| Shareholder-proposal support rate | 15.7% | 29.5% | 33.0% |
| Shares on loan, share of shares held | 1.08% | 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 | 254,434 | 231,131 | 9,635 | 5.8% | |
| SECTION 14A SAY-ON-PAY VOTES | 28,120 | 23,154 | 2,253 | 9.0% | |
| AUDIT-RELATED | 33,618 | 32,264 | 229 | 1.2% | |
| INVESTMENT COMPANY MATTERS | 30 | 6 | 23 | 16.7% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 4,356 | 2,993 | 1,258 | 11.8% | |
| EXTRAORDINARY TRANSACTIONS | 3,601 | 3,377 | 132 | 4.1% | |
| CAPITAL STRUCTURE | 36,096 | 31,492 | 3,018 | 9.0% | |
| COMPENSATION | 30,431 | 23,606 | 4,623 | 13.7% | |
| CORPORATE GOVERNANCE | 56,841 | 47,759 | 3,991 | 6.2% | |
| ENVIRONMENT OR CLIMATE | 1,469 | 96 | 1,304 | 2.7% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 538 | 65 | 446 | 12.7% | |
| DIVERSITY, EQUITY, AND INCLUSION | 727 | 15 | 657 | 5.4% | |
| OTHER SOCIAL ISSUES | 2,453 | 841 | 1,543 | 6.6% | |
| OTHER | 47 | 8 | 21 | not reported |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 457,429 | 7.7% | 89.2% | 17.8% | |
| year to 30 June 2025 | 450,649 | 6.5% | 91.1% | 15.7% | |
| year to 30 June 2026 | 441,759 | 6.5% | 91.0% | 17.1% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Charles Schwab voted against management on 295 of the 2,976 it marked either way (9.9%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.
A further 12 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Salesforce, Inc. 5 Jun 2025
- Cisco Systems, Inc. 9 Dec 2024
- Thermo Fisher Scientific Inc. 21 May 2025
- Oracle Corporation 14 Nov 2024
- Pfizer Inc. 24 Apr 2025
- GE Aerospace 6 May 2025
- CVS Health Corporation 15 May 2025
- Palo Alto Networks, Inc. 10 Dec 2024
- WARNER BROS. DISCOVERY, INC. 2 Jun 2025
- Chipotle Mexican Grill, Inc. 11 Jun 2025
- Arista Networks, Inc. 30 May 2025
- Otis Worldwide Corporation 15 May 2025
- VIATRIS INC. 6 Dec 2024
- Simon Property Group, Inc. 14 May 2025
- American International Group, Inc. 14 May 2025
- DEVON ENERGY CORPORATION 4 Jun 2025
- The Estee Lauder Companies Inc. 8 Nov 2024
- Workday, Inc. 4 Jun 2025
- Lennar Corporation 9 Apr 2025
- Axon Enterprise, Inc. 29 May 2025
- Biogen Inc. 17 Jun 2025
- Expedia Group, Inc. 3 Jun 2025
- CoStar Group, Inc. 26 Jun 2025
- Conagra Brands, Inc. 18 Sep 2024
- Kellanova 1 Nov 2024
- Citizens Financial Group, Inc. 24 Apr 2025
- Live Nation Entertainment, Inc. 12 Jun 2025
- Moderna, Inc. 30 Apr 2025
- SHOPIFY INC. 17 Jun 2025
- DocuSign, Inc. 29 May 2025
- KeyCorp 15 May 2025
- Rivian Automotive, Inc. 18 Jun 2025
- Zoom Communications, Inc. 12 Jun 2025
- Las Vegas Sands Corp. 15 May 2025
- Ares Management Corporation 6 Jun 2025
- Molina Healthcare, Inc. 30 Apr 2025
- Zscaler, Inc. 10 Jan 2025
- Pure Storage, Inc. 11 Jun 2025
- FMC Corporation 29 Apr 2025
- Roku, Inc. 11 Jun 2025
Shareholder proposals it supported
Of 858 proposals from security holders that could be told apart in the filings and on which it cast a vote, Charles Schwab voted for 119 (13.9%). 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 |
|---|---|---|
| Amazon.com, Inc. | 21 May 2025 | Shareholder proposal requesting a report on warehouse working conditions |
| 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 dual class capital structure. |
| Visa Inc. | 28 Jan 2025 | S/H Proposal - Corporate Governance |
| Comcast Corporation | 18 Jun 2025 | Adopt policy for an independent chair |
| Gilead Sciences, Inc. | 7 May 2025 | To vote on a stockholder proposal requesting a comprehensive human rights policy and human rights due... |
| 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." |
| Phillips 66 | 21 May 2025 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES |
| Air Products and Chemicals, Inc. | 23 Jan 2025 | The Mantle Ridge Parties' proposal to repeal any provision of, or amendment to, the Bylaws that the Board... |
| Airbnb, Inc. | 4 Jun 2025 | To consider one stockholder proposal regarding voting disclosure |
| Cintas Corporation | 29 Oct 2024 | A shareholder proposal regarding political disclosure |
| Agilent Technologies, Inc. | 13 Mar 2025 | Declassify the Board of Directors |
| IDEXX Laboratories, Inc. | 7 May 2025 | Declassify the Board of Directors |
| Cardinal Health, Inc. | 6 Nov 2024 | Corporate governance |
| 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 |
| ORGANON & CO. | 10 Jun 2025 | Corporate governance |
| Regions Financial Corporation | 16 Apr 2025 | Shareholder Proposal Relating to Simple Majority Vote. |
| Skyworks Solutions, Inc. | 14 May 2025 | To approve a stockholder proposal regarding simple majority vote. |
| Hologic, Inc. | 26 Feb 2025 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| W. R. Berkley Corporation | 11 Jun 2025 | S/H Proposal - Corporate Governance |
| Albemarle Corporation | 6 May 2025 | Shareholder proposal regarding simple majority vote. |
| Alexandria Real Estate Equities, Inc. | 13 May 2025 | To consider and vote upon a stockholder proposal titled "Simple Majority Vote". |
| Markel Group Inc. | 21 May 2025 | Shareholder proposal for simple majority vote. |
| Fortune Brands Innovations, Inc. | 14 May 2025 | If properly presented, a stockholder proposal to eliminate supermajority voting requirements. |
| Jabil Inc. | 23 Jan 2025 | Corporate governance |
| Corpay, Inc. | 11 Jun 2025 | Shareholder proposal regarding an independent Board chair requirement |
| Fidelity National Financial, Inc. | 11 Jun 2025 | Declassify the Board of Directors |
| Entegris, Inc. | 23 Apr 2025 | Stockholder Proposal Regarding Simple Majority Voting. |
| Exact Sciences Corporation | 12 Jun 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Crown Holdings, Inc. | 1 May 2025 | Consideration of a Shareholder proposal regarding transparency in political spending. |
| Alphabet Inc. | 6 Jun 2025 | Stockholder proposal regarding a human rights impact assessment of Al-driven targeted ad policies |
| Alphabet Inc. | 6 Jun 2025 | Stockholder proposal regarding equal shareholder voting |
| Medpace Holdings, Inc. | 16 May 2025 | Stockholder proposal regarding implementation of simple majority voting |
| BellRing Brands, Inc. | 28 Jan 2025 | Company articles |
| UGI Corporation | 31 Jan 2025 | S/H Proposal - Corporate Governance |
Shares on loan
Charles Schwab reported 4.09 billion shares on loan at record dates against 374.46 billion shares voted: 1.08% 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 Charles Schwab vote on executive pay?
In the year to 30 June 2025 Charles Schwab reported 25,427 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 23,154 were for (91.1%), 2,253 against and 20 abstentions. Counting one item per company meeting, it voted against management on 295 of the 2,976 say-on-pay items it marked either way. A further 12 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Charles Schwab vote against management?
6.5% of the time in the year to 30 June 2025: 28,163 of the 431,055 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 Charles Schwab support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1,319 votes on proposals from security holders in the year to 30 June 2025 and voted for 15 of them (1.1%). Across every category it voted for 15.7% 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 Charles Schwab 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 Charles Schwab, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.