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Form N-PX · fund registrantSEC filer no. 12601

PRINCIPAL VARIABLE CONTRACTS FUNDS INC

fund voting report, part of Principal

Vote records reported
23,724year to 30 June 2026
Against management
6.2%1,433 of 23,274 marked votes
Say-on-pay support
92.9%for, of for + against + abstain
Shareholder-proposal support
23.7%for, of for + against + abstain
90.6% for6.7% against2.7% other6.2% against management23,413 votes

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

In its Form N-PX for the year to 30 June 2026, PRINCIPAL VARIABLE CONTRACTS FUNDS INC listed 23,724 vote records. Votes against management made up 6.2% of those marked either way (1,433 of 23,274); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 5.5%. 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 92.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 23.7% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (29.9% of 97), CORPORATE GOVERNANCE (17.6% of 1,588) and COMPENSATION (15.5% of 980).

It reported 1.5 million shares out on loan at record dates, 0.19% 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 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share6.2%6.2%10.6%
Say-on-pay support rate92.9%91.6%86.0%
Shareholder-proposal support rate23.7%27.5%33.9%
Shares on loan, share of shares held0.19%0.00%3.12%
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 ELECTIONS16,01015,1503485.1%
SECTION 14A SAY-ON-PAY VOTES1,7051,5041157.2%
AUDIT-RELATED1,8551,84680.4%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES102732329.9%
EXTRAORDINARY TRANSACTIONS106911511.3%
CAPITAL STRUCTURE705665407.7%
COMPENSATION98381716115.5%
CORPORATE GOVERNANCE1,6321,19141117.6%
ENVIRONMENT OR CLIMATE24482361.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE995940.0%
DIVERSITY, EQUITY, AND INCLUSION14061340.7%
OTHER SOCIAL ISSUES362373253.9%
OTHER201820.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202428,7457.9%90.6%45.4%
year to 30 June 202520,8245.0%91.4%25.8%
year to 30 June 202623,7246.2%92.9%23.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, PRINCIPAL VARIABLE CONTRACTS FUNDS INC voted against management on 59 of the 771 it marked either way (7.7%) in the year to 30 June 2026. 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 390 proposals from security holders that could be told apart in the filings and on which it cast a vote, PRINCIPAL VARIABLE CONTRACTS FUNDS INC voted for 109 (27.9%). 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 Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
CVS Health Corporation14 May 2026Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
Booking Holdings Inc.2 Jun 2026Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending.
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."
United Parcel Service, Inc.7 May 2026To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
Target Corporation10 Jun 2026Require Independent Board Chair
The Cigna Group22 Apr 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Ecolab Inc.7 May 2026Vote on a stockholder proposal regarding an independent board chair policy
PayPal Holdings, Inc.19 May 2026Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders.
Kimberly-Clark Corporation14 May 2026Stockholder Proposal to Require Independent Board Chair
FedEx Corporation29 Sep 2025Stockholder proposal regarding independent board chairman.
L3Harris Technologies, Inc.11 May 2026Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting".
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to a request that the Board take steps to implement one vote per share for...
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to public disclosure by share class of voting results on matters subject...
Otis Worldwide Corporation27 May 2026Shareholder proposal regarding reporting on political contributions and expenditures
Dominion Energy, Inc.5 May 2026Shareholder Proposal Regarding a Policy for an Independent Chair
Marvell Technology, Inc.25 Jun 2026To consider and act on one stockholder proposal, entitled "Independent Board Chairman"
Snowflake Inc.29 Jun 2026To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Yum! Brands, Inc.14 May 2026Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.
General Mills, Inc.30 Sep 2025Shareholder Proposal - Adopt Policy to Separate the Board Chair and CEO Roles.
Prudential Financial, Inc.12 May 2026Shareholder proposal regarding an Independent Board Chairman.

Shares on loan

PRINCIPAL VARIABLE CONTRACTS FUNDS INC reported 1.5 million shares on loan at record dates against 807.9 million shares voted: 0.19% of the two together. Median fund registrant: 0.00%. 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.

Fund series in this filing

11 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
LargeCap S&P 500 Index Account6,5915.0%92.8%25.0%
LargeCap S&P 500 Managed Volatility Index Account5,2043.7%94.1%25.4%
LargeCap Growth Account I4,37511.2%89.0%25.1%
Diversified International Account1,7234.2%not reported46.2%
Principal Capital Appreciation Account1,3087.1%93.3%14.3%
Global Emerging Markets Account1,17610.3%not reported85.7%
SmallCap Account9986.9%98.0%28.6%
Equity Income Account8213.1%98.0%5.0%
MidCap Account6425.8%98.0%18.2%
Blue Chip Account4533.5%100.0%3.6%
Real Estate Securities Account4331.4%94.9%not reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did PRINCIPAL VARIABLE CONTRACTS FUNDS INC vote on executive pay?

In the year to 30 June 2026 PRINCIPAL VARIABLE CONTRACTS FUNDS INC reported 1,619 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 1,504 were for (92.9%), 115 against and 0 abstentions. Counting one item per company meeting, it voted against management on 59 of the 771 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 PRINCIPAL VARIABLE CONTRACTS FUNDS INC vote against management?

6.2% of the time in the year to 30 June 2026: 1,433 of the 23,274 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 PRINCIPAL VARIABLE CONTRACTS FUNDS INC support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 239 votes on proposals from security holders in the year to 30 June 2026 and voted for 3 of them (1.3%). Across every category it voted for 23.7% 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 this filer 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.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by PRINCIPAL VARIABLE CONTRACTS FUNDS INC (filer no. 12601), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.