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Form N-PX · fund registrantSEC filer no. 1645194

Legg Mason ETF Investment Trust

fund voting report, part of Franklin Templeton

Vote records reported
8,172year to 30 June 2026
Against management
3.6%292 of 8,108 marked votes
Say-on-pay support
90.7%for, of for + against + abstain
Shareholder-proposal support
25.8%for, of for + against + abstain
94.0% for4.6% against1.4% other3.6% against management8,160 votes

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

Legg Mason ETF Investment Trust reported 8,172 vote records for the year to 30 June 2026. It marked 3.6% of its votes as cast against management (292 of 8,108), 2.6 percentage points below the median fund registrant, which was 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 90.7% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 25.8% 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 (33.3% of 21), COMPENSATION (9.5% of 645) and SECTION 14A SAY-ON-PAY VOTES (9.2% of 487).

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 share3.6%6.2%10.6%
Say-on-pay support rate90.7%91.6%86.0%
Shareholder-proposal support rate25.8%27.5%33.9%
Shares on loan, share of shares held0.00%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 ELECTIONS4,8004,681902.3%
SECTION 14A SAY-ON-PAY VOTES487411169.2%
AUDIT-RELATED62962090.6%
SHAREHOLDER RIGHTS AND DEFENSES2118333.3%
EXTRAORDINARY TRANSACTIONS484624.3%
CAPITAL STRUCTURE528511163.4%
COMPENSATION652584449.5%
CORPORATE GOVERNANCE976875995.1%
ENVIRONMENT OR CLIMATE8618681.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3317169.1%
DIVERSITY, EQUITY, AND INCLUSION4014260.0%
OTHER SOCIAL ISSUES10233692.0%
OTHER3118130.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20247,3855.4%91.7%40.0%
year to 30 June 20257,5474.3%89.5%24.6%
year to 30 June 20268,1723.6%90.7%25.8%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Legg Mason ETF Investment Trust voted against management on 36 of the 427 it marked either way (8.4%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 229 proposals from security holders that could be told apart in the filings and on which it cast a vote, Legg Mason ETF Investment Trust voted for 56 (24.5%). 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
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
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.
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
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.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
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.
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.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
Vertex Pharmaceuticals Incorporated13 May 2026Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written...
The Sherwin-Williams Company22 Apr 2026Shareholder Proposal Regarding Shareholder Ability to Call a Special Meeting
L3Harris Technologies, Inc.11 May 2026Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting".
Otis Worldwide Corporation27 May 2026Shareholder proposal regarding reporting on political contributions and expenditures
Synopsys, Inc.16 Apr 2026To vote on a stockholder proposal regarding 'stockholders' right to act by written consent
General Mills, Inc.30 Sep 2025Shareholder Proposal - Disclosure of Regenerative Agriculture Practices Within Supply Chain.
General Mills, Inc.30 Sep 2025Shareholder Proposal - Adopt Policy to Separate the Board Chair and CEO Roles.
WEC Energy Group, Inc.7 May 2026Stockholder proposal to govern by majority vote
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
Datadog, Inc.15 Jun 2026The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple...
FirstEnergy Corp.20 May 2026Independent Board Chairman
DT Midstream, Inc.5 May 2026Stockholder Proposal on Shareholder Right to Act by Written Consent.
OGE Energy Corp.14 May 2026Shareholder Proposal Regarding Simple Majority Vote.
The Western Union Company14 May 2026Stockholder proposal regarding stockholder right to act by written consent
SkyWest, Inc.5 May 2026A shareholder proposal regarding collective bargaining policy.
Columbia Sportswear Company10 Jun 2026Shareholder proposal regarding proxy access.
ICU Medical, Inc.13 May 2026To approve, on an advisory basis, a stockholder proposal to establish a 10% stockholder special meeting right.
El Pollo Loco Holdings, Inc.26 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Assicurazioni Generali SpA23 Apr 2026Shareholder proposal: AUDIT-RELATED
EDP SA16 Apr 2026Appraise Management of Company and Approve Vote of Confidence to Executive Board
EDP SA16 Apr 2026Appraise Supervision of Company and Approve Vote of Confidence to Supervisory Board
EDP SA16 Apr 2026Shareholder proposal: CORPORATE GOVERNANCE

Shares on loan

Legg Mason ETF Investment Trust reported no shares on loan for the year to 30 June 2026. 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

5 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
Franklin International Low Volatility High Dividend Index ETF3,2194.1%not reported19.2%
Royce Quant Small-Cap Quality Value ETF2,4673.6%89.4%100.0%
Franklin U.S. Low Volatility High Dividend Index ETF1,3332.5%97.3%20.5%
Franklin ClearBridge Enhanced Income ETF8112.1%95.5%18.2%
ClearBridge Large Cap Growth Select ETF3426.5%81.8%34.0%

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 Legg Mason ETF Investment Trust vote on executive pay?

In the year to 30 June 2026 Legg Mason ETF Investment Trust reported 453 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 411 were for (90.7%), 16 against and 26 abstentions. Counting one item per company meeting, it voted against management on 36 of the 427 say-on-pay items it marked either way.

How often does Legg Mason ETF Investment Trust vote against management?

3.6% of the time in the year to 30 June 2026: 292 of the 8,108 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 Legg Mason ETF Investment Trust support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 69 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (1.4%). Across every category it voted for 25.8% 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 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 Legg Mason ETF Investment Trust (filer no. 1645194), 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.