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Form N-PX · fund registrantSEC filer no. 1415726

Innovator ETFs Trust

fund voting report

Vote records reported
46,418year to 30 June 2026
Against management
15.0%4,738 of 31,512 marked votes
Say-on-pay support
88.3%for, of for + against + abstain
Shareholder-proposal support
28.0%for, of for + against + abstain
82.6% for14.1% against3.3% other15.0% against management31,644 votes

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

For the year to 30 June 2026, Innovator ETFs Trust reported 46,418 vote records on Form N-PX. 4,738 of the 31,512 votes that were marked for or against management went against management: 15.0%, 8.8 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 11.0%. 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 88.3% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 28.0% 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 (51.9% of 131), AUDIT-RELATED (21.0% of 2,865) and INVESTMENT COMPANY MATTERS (19.4% of 31).

It reported 25.2 million shares out on loan at record dates, 4.08% 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 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 share15.0%6.2%10.6%
Say-on-pay support rate88.3%91.6%86.0%
Shareholder-proposal support rate28.0%27.5%33.9%
Shares on loan, share of shares held4.08%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%

Of the 46,418 vote records in this filing, 15,032 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 ELECTIONS20,97117,7852,37214.9%
SECTION 14A SAY-ON-PAY VOTES2,7622,27930011.8%
AUDIT-RELATED2,8772,27259621.0%
INVESTMENT COMPANY MATTERS3125619.4%
SHAREHOLDER RIGHTS AND DEFENSES1401192151.9%
EXTRAORDINARY TRANSACTIONS9079911.2%
CAPITAL STRUCTURE1,1221,023989.1%
COMPENSATION1,00384615714.5%
CORPORATE GOVERNANCE1,9531,63531317.7%
ENVIRONMENT OR CLIMATE1612113910.6%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE19361871.6%
DIVERSITY, EQUITY, AND INCLUSION343318.8%
OTHER SOCIAL ISSUES356453094.2%
OTHER49436110513.2%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20249,23028.7%66.7%56.7%
year to 30 June 202521,82031.7%65.7%57.2%
year to 30 June 202646,41815.0%88.3%28.0%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Innovator ETFs Trust voted against management on 187 of the 1,546 it marked either way (12.1%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 164 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 426 proposals from security holders that could be told apart in the filings and on which it cast a vote, Innovator ETFs Trust voted for 128 (30.0%). 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
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Visa Inc.27 Jan 2026Require Independent Board Chair
Johnson & Johnson23 Apr 2026Independent Board Chair
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
The Procter & Gamble Company14 Oct 2025Shareholder Proposal Requesting Additional Reporting on Plastic Packaging
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
PEPSICO, INC.6 May 2026Shareholder Proposal - Independent Board Chair.
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
GE Aerospace5 May 2026Shareholder Proposal Requesting 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
International Business Machines Corporation28 Apr 2026Amend Stock Ownership Guidelines for Outside Directors
Pfizer Inc.23 Apr 2026Adopt an Independent Chair Policy
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 - Energy Supply Ratio.
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
Adobe Inc.15 Apr 2026Stockholder Proposal Regarding Vote on Golden Parachutes.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Intel Corporation13 May 2026Stockholder proposal requesting an enduring policy separating the Chair and CEO roles.
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Deere & Company25 Feb 2026Shareholder proposal on a report on the return on investment of emission reduction goals
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
Starbucks Corporation25 Mar 2026Shareholder proposal requesting adoption of an independent board chair policy
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
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...
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding a...
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
Mondelez International, Inc.20 May 2026Shareholder proposal requesting adoption of an independent board chairman policy

Shares on loan

Innovator ETFs Trust reported 25.2 million shares on loan at record dates against 593.2 million shares voted: 4.08% 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

18 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
Innovator U.S. Small Cap Managed Floor ETF8,25718.7%86.0%52.0%
Innovator Equity Premium Income - Daily PutWrite ETF6,45917.6%89.6%32.8%
Innovator U.S. Small Cap Managed 10 Buffer ETF5,9272.9%94.8%33.3%
Innovator International Developed Managed Floor ETF5,8357.6%88.9%43.8%
Innovator International Developed Managed 10 Buffer ETF5,0656.7%100.0%not reported
Innovator Gradient Tactical Rotation Strategy ETF4,14712.2%86.3%19.1%
Innovator Equity Managed Floor ETF2,48718.2%90.1%27.8%
Innovator Equity Managed 100 Buffer ETF2,44217.8%90.4%26.2%
Innovator Equity Managed 10 Buffer ETF1,7886.8%94.6%15.9%
Innovator Hedged Nasdaq-100 ETF1,33819.4%87.5%29.7%
Innovator Nasdaq-100 Managed Floor ETF60714.2%97.6%22.2%
Innovator IBD 50 ETF4947.1%92.5%not reported
Innovator IBD Breakout Opportunities ETF45317.9%83.8%23.1%
Innovator Deepwater Frontier Tech ETF40211.5%96.4%71.4%
Innovator Nasdaq-100 Managed 10 Buffer ETF3092.7%100.0%15.0%
Innovator Laddered Allocation Buffer ETF1806.7%not reportednot reported
Innovator Laddered Allocation Power Buffer ETF1806.7%not reportednot reported
Innovator S&P Investment Grade Preferred ETF4862.5%not reported50.0%

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 Innovator ETFs Trust vote on executive pay?

In the year to 30 June 2026 Innovator ETFs Trust reported 2,574 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 2,272 were for (88.3%), 300 against and 2 abstentions. Counting one item per company meeting, it voted against management on 187 of the 1,546 say-on-pay items it marked either way. A further 164 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Innovator ETFs Trust vote against management?

15.0% of the time in the year to 30 June 2026: 4,738 of the 31,512 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 Innovator ETFs Trust support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 156 votes on proposals from security holders in the year to 30 June 2026 and voted for 16 of them (10.3%). Across every category it voted for 28.0% 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 Innovator ETFs Trust (filer no. 1415726), 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.