Vote Scores

Home / Families / T. Rowe Price / year to 30 June 2024

Form N-PX · fund family · year to 30 June 202447 filers grouped

T. Rowe Price

One season of the T. Rowe Price record. The family page shows the latest season.

Vote records reported
273,366year to 30 June 2024
Against management
6.7%18,082 of 268,940 marked votes
Say-on-pay support
89.1%for, of for + against + abstain
Shareholder-proposal support
12.8%for, of for + against + abstain
88.3% for8.0% against3.8% other6.7% against management270,928 votes

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

T. Rowe Price reported 273,366 vote records for the year to 30 June 2024. It marked 6.7% of its votes as cast against management (18,082 of 268,940), 1.8 percentage points below the median of the fund families tracked here, which was 8.5%.

Weighted by the number of shares voted, the against-management share is 5.4%. 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 89.1% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 12.8% 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 (22.3% of 858), SECTION 14A SAY-ON-PAY VOTES (10.3% of 27,307) and COMPENSATION (10.2% of 17,747).

It reported 3.62 billion shares out on loan at record dates, 1.76% 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 share6.7%8.5%10.2%
Say-on-pay support rate89.1%89.0%84.6%
Shareholder-proposal support rate12.8%35.1%37.0%
Shares on loan, share of shares held1.76%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%

Of the 273,366 vote records in this filing, 14,373 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

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 ELECTIONS158,477147,1015,1446.7%
SECTION 14A SAY-ON-PAY VOTES27,34821,3232,50410.3%
AUDIT-RELATED20,13119,9091451.0%
SHAREHOLDER RIGHTS AND DEFENSES8987858622.3%
EXTRAORDINARY TRANSACTIONS1,1951,123635.7%
CAPITAL STRUCTURE13,83613,3534834.0%
COMPENSATION17,89615,1272,56310.2%
CORPORATE GOVERNANCE26,78722,7153,9207.6%
ENVIRONMENT OR CLIMATE3,6243373,2562.5%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1,9802181,7482.1%
DIVERSITY, EQUITY, AND INCLUSION2,1962211,9612.0%
OTHER SOCIAL ISSUES4,6167433,8593.7%
OTHER8997381443.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024273,3666.7%89.1%12.8%
year to 30 June 2025251,8006.3%90.2%12.9%
year to 30 June 2026269,7336.7%89.8%14.6%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, T. Rowe Price voted against management on 301 of the 2,657 it marked either way (11.3%) 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 881 proposals from security holders that could be told apart in the filings and on which it cast a vote, T. Rowe Price voted for 193 (21.9%). 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.

CompanyMeetingProposal
NVIDIA Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Tesla, Inc.13 Jun 2024Declassify the Board of Directors
ConocoPhillips14 May 2024Simple Majority Vote.
RTX CORPORATION2 May 2024Shareowner Proposal Requesting a Lobbying Transparency Report
United Parcel Service, Inc.2 May 2024To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
Stryker Corporation9 May 2024Shareholder Proposal on Transparency in Political Spending.
ServiceNow, Inc.23 May 2024Shareholder proposal regarding simple majority vote.
Emerson Electric Co.6 Feb 2024Shareholder Proposal to Implement a Simple Majority Vote Requirement in the Company's Governing Documents.
Analog Devices, Inc.13 Mar 2024Shareholder proposal regarding simple majority voting
WARNER BROS. DISCOVERY, INC.3 Jun 2024To vote on a stockholder proposal entitled, "Adopt a Shareholder Right to Call a Special Shareholder Meeting"
WARNER BROS. DISCOVERY, INC.3 Jun 2024To vote on a stockholder proposal entitled, "Report on Use of Al"
DOW INC.11 Apr 2024Stockholder Proposal - Single-Use Plastics Report
The Sherwin-Williams Company17 Apr 2024Shareholder proposal to adopt a simple majority vote.
Intercontinental Exchange, Inc.17 May 2024A stockholder proposal regarding independent board chairman
FORD MOTOR COMPANY9 May 2024Relating to Consideration of a Recapitalization Plan to Provide That All of the Company's Outstanding...
Marathon Petroleum Corporation24 Apr 2024Shareholder proposal seeking a simple majority vote.
Ecolab Inc.2 May 2024Vote on a stockholder proposal regarding an independent board chair policy
Roper Technologies, Inc.12 Jun 2024Shareholder proposal regarding majority voting requirements; and
IDEXX Laboratories, Inc.6 May 2024Shareholder proposal regarding simple majority vote (Proposal Four).
Agilent Technologies, Inc.14 Mar 2024To vote on a shareholder proposal regarding simple majority vote
Occidental Petroleum Corporation2 May 2024Shareholder Proposal Requesting an Annual Report on Lobbying
Walgreens Boots Alliance, Inc.25 Jan 2024Stockholder proposal requesting an independent board chairman.
Fastenal Company25 Apr 2024The consideration of a shareholder proposal relating to simple majority vote
WEC Energy Group, Inc.9 May 2024Stockholder proposal regarding simple majority vote
Verisk Analytics, Inc.15 May 2024Shareholder Proposal - Simple Majority Vote
Lennar Corporation10 Apr 2024Report on Effectiveness of Diversity, Equity, and Inclusion Efforts
Lennar Corporation10 Apr 2024Vote on a stockholder proposal requesting a report disclosing the Company's political spending and related...
Lennar Corporation10 Apr 2024Vote on a stockholder proposal requesting a report on the Company's plans to reduce greenhouse gas emissions.
PACCAR Inc30 Apr 2024Stockholder proposal regarding a report on climate-related policy engagement
Keysight Technologies, Inc.21 Mar 2024Consider, on a non-binding advisory basis, Stockholder Proposal: Simple Majority Vote
Eversource Energy1 May 2024Vote on a shareholder proposal titled "Simple Majority Vote," if properly brought before the meeting.
Conagra Brands, Inc.14 Sep 2023Shareholder proposal requesting a shareholder right to call a special shareholder meeting
Align Technology, Inc.22 May 2024Stockholder proposal regarding simple majority vote
Monolithic Power Systems, Inc.13 Jun 2024Declassify the Board of Directors
Masco Corporation10 May 2024Consideration of stockholder proposal on Simple Majority Vote.
Akamai Technologies, Inc.10 May 2024To vote upon a shareholder proposal regarding a simple majority vote
JACOBS SOLUTIONS INC.24 Jan 2024Shareholder Proposal - Simple Majority Vote.
Tyler Technologies, Inc.9 May 2024Shareholder Proposal Regarding a Simple Majority Vote.
Domino's Pizza, Inc.25 Apr 2024Shareholder proposal regarding simple majority vote.
Textron Inc.24 Apr 2024Shareholder Proposal regarding independent board chairman.

Shares on loan

T. Rowe Price reported 3.62 billion shares on loan at record dates against 201.69 billion shares voted: 1.76% 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 T. Rowe Price vote on executive pay?

In the year to 30 June 2024 T. Rowe Price reported 23,920 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 21,323 were for (89.1%), 2,504 against and 93 abstentions. Counting one item per company meeting, it voted against management on 301 of the 2,657 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 T. Rowe Price vote against management?

6.7% of the time in the year to 30 June 2024: 18,082 of the 268,940 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 T. Rowe Price support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 3,316 votes on proposals from security holders in the year to 30 June 2024 and voted for 61 of them (1.8%). Across every category it voted for 12.8% 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 T. Rowe Price 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 T. Rowe Price, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.