Vote Scores

Home / Families / T. Rowe Price / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202545 filers grouped

T. Rowe Price

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

Vote records reported
251,800year to 30 June 2025
Against management
6.3%15,586 of 248,579 marked votes
Say-on-pay support
90.2%for, of for + against + abstain
Shareholder-proposal support
12.9%for, of for + against + abstain
90.0% for6.8% against3.1% other6.3% against management250,467 votes

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

T. Rowe Price reported 251,800 vote records for the year to 30 June 2025. It marked 6.3% of its votes as cast against management (15,586 of 248,579), 1.3 percentage points below the median of the fund families tracked here, which was 7.6%.

Weighted by the number of shares voted, the against-management share is 4.9%. 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 90.2% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 12.9% 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 (26.5% of 724), SECTION 14A SAY-ON-PAY VOTES (10.0% of 22,442) and COMPENSATION (9.3% of 16,075).

It reported 5.45 billion shares out on loan at record dates, 2.72% 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 2025This familyMedian familyAll filers pooled
Against-management share6.3%7.6%9.7%
Say-on-pay support rate90.2%88.8%84.3%
Shareholder-proposal support rate12.9%29.5%33.0%
Shares on loan, share of shares held2.72%0.85%2.20%
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 ELECTIONS148,106138,0454,2646.3%
SECTION 14A SAY-ON-PAY VOTES22,48118,6701,99710.0%
AUDIT-RELATED19,83619,6921240.5%
SHAREHOLDER RIGHTS AND DEFENSES8267563926.5%
EXTRAORDINARY TRANSACTIONS1,2911,184948.0%
CAPITAL STRUCTURE14,50513,9045984.5%
COMPENSATION16,12713,9442,0819.3%
CORPORATE GOVERNANCE25,28321,4933,5887.5%
ENVIRONMENT OR CLIMATE2,9194022,5170.4%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE9132946190.8%
DIVERSITY, EQUITY, AND INCLUSION1,8633091,5540.7%
OTHER SOCIAL ISSUES3,1957742,4212.2%
OTHER6033872165.5%

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 288 of the 2,645 it marked either way (10.9%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 4 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 778 proposals from security holders that could be told apart in the filings and on which it cast a vote, T. Rowe Price voted for 149 (19.2%). 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
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on child safety impacts and actual harm reduction to children.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
The Charles Schwab Corporation22 May 2025Stockholder proposal requesting declassification of the board of directors
DUKE ENERGY CORPORATION1 May 2025Shareholder proposal regarding support simple majority vote
United Parcel Service, Inc.8 May 2025To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Air Products and Chemicals, Inc.23 Jan 2025The Mantle Ridge Parties' proposal to repeal any provision of, or amendment to, the Bylaws that the Board...
General Mills, Inc.24 Sep 2024Shareholder Proposal - Plastic Packaging.
Marvell Technology, Inc.13 Jun 2025To consider and act on one stockholder proposal, entitled "Independent Board Chairman"
Cintas Corporation29 Oct 2024A shareholder proposal regarding political disclosure
Agilent Technologies, Inc.13 Mar 2025Declassify the Board of Directors
WEC Energy Group, Inc.8 May 2025Stockholder proposal to support simple majority vote
IDEXX Laboratories, Inc.7 May 2025Declassify the Board of Directors
Lennar Corporation9 Apr 2025Vote on a stockholder proposal on an Independent Board Chairman.
Snowflake Inc.2 Jul 2024To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Keysight Technologies, Inc.20 Mar 2025Declassify the Board of Directors
Regions Financial Corporation16 Apr 2025Shareholder Proposal Relating to Simple Majority Vote.
Skyworks Solutions, Inc.14 May 2025To approve a stockholder proposal regarding simple majority vote.
DraftKings Inc.19 May 2025To consider a shareholder proposal regarding board matrix disclosure.
Hologic, Inc.26 Feb 2025Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Albemarle Corporation6 May 2025Shareholder proposal regarding simple majority vote.
Cboe Global Markets, Inc.6 May 2025Stockholder proposal regarding political spending.
Alexandria Real Estate Equities, Inc.13 May 2025To consider and vote upon a stockholder proposal titled "Simple Majority Vote".
LKQ Corporation7 May 2025Advisory vote on a shareholder proposal to give shareholders the ability to call for a special shareholder...
Markel Group Inc.21 May 2025Shareholder proposal for simple majority vote.
Fortune Brands Innovations, Inc.14 May 2025If properly presented, a stockholder proposal to eliminate supermajority voting requirements.
Fidelity National Financial, Inc.11 Jun 2025Declassify the Board of Directors
EPAM Systems, Inc.22 May 2025To hold an advisory vote on a stockholder proposal relating to a simple majority vote.
Texas Roadhouse, Inc.15 May 2025An Advisory Vote on a Shareholder Proposal Regarding the Adoption of a Policy Requiring the Disclosure of...
Revvity, Inc.22 Apr 2025To approve the shareholder proposal regarding ability to call a special shareholder meeting
US Foods Holding Corp.22 May 2025Stockholder proposal to adopt a right to call a special stockholder meeting at a 15% aggregate ownership...
Carvana Co.5 May 2025To vote upon a stockholder proposal regarding simple majority voting;
Alphabet Inc.6 Jun 2025Stockholder proposal regarding equal shareholder voting
Medpace Holdings, Inc.16 May 2025Stockholder proposal regarding implementation of simple majority voting
Lincoln National Corporation22 May 2025Require Independent Board Chair
Lantheus Holdings, Inc.1 May 2025The shareholder proposal regarding the declassification of our Board of Directors.
Lumen Technologies, Inc.13 May 2025Shareholder proposal regarding simple majority voting.
Murphy USA Inc.1 May 2025Declassify the Board of Directors
Graphic Packaging Holding Company21 May 2025Declassify the Board of Directors
Arrow Electronics, Inc.6 May 2025Advisory approval of a shareholder proposal to replace supermajority voting provisions in our charter and...

Shares on loan

T. Rowe Price reported 5.45 billion shares on loan at record dates against 195.11 billion shares voted: 2.72% 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 T. Rowe Price vote on executive pay?

In the year to 30 June 2025 T. Rowe Price reported 20,690 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 18,670 were for (90.2%), 1,997 against and 23 abstentions. Counting one item per company meeting, it voted against management on 288 of the 2,645 say-on-pay items it marked either way. A further 4 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?

6.3% of the time in the year to 30 June 2025: 15,586 of the 248,579 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 2,526 votes on proposals from security holders in the year to 30 June 2025 and voted for 11 of them (0.4%). Across every category it voted for 12.9% 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 2025

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.