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Form N-PX · institutional managerSEC filer no. 1730073

PFA Pension, Forsikringsaktieselskab

institutional manager voting report

Vote records reported
410year to 30 June 2026
Against management
47.5%193 of 406 marked votes
Say-on-pay support
50.3%for, of for + against + abstain
Shareholder-proposal support
not reportednot reported by managers
47.1% for46.6% against6.3% other47.5% against management410 votes

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

For the year to 30 June 2026, PFA Pension, Forsikringsaktieselskab reported 410 vote records on Form N-PX. 193 of the 406 votes that were marked for or against management went against management: 47.5%, 41.2 percentage points above the median institutional manager (6.4%).

Weighted by the number of shares voted, the against-management share is 53.6%. 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 50.3% of the section 14A say-on-pay items it reported (the median institutional manager: 91.4%).

By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (47.5% of 406).

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 2,628 institutional managers with at least 25 vote records in the season.

year to 30 June 2026This filerMedian institutional managerAll filers pooled
Against-management share47.5%6.4%10.6%
Say-on-pay support rate50.3%91.4%86.0%
Shareholder-proposal support ratenot reported41.1%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
SECTION 14A SAY-ON-PAY VOTES41019319147.5%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202641047.5%50.3%not reported

Only one season is on file for this entry so far. The structured Form N-PX began with the year to 30 June 2024.

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, PFA Pension, Forsikringsaktieselskab voted against management on 190 of the 380 it marked either way (50.0%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

Shareholder proposals it supported

Institutional managers report say-on-pay votes only, so no shareholder proposals appear here.

Shares on loan

PFA Pension, Forsikringsaktieselskab 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.

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 PFA Pension, Forsikringsaktieselskab vote on executive pay?

In the year to 30 June 2026 PFA Pension, Forsikringsaktieselskab reported 384 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 193 were for (50.3%), 191 against and 0 abstentions. Counting one item per company meeting, it voted against management on 190 of the 380 say-on-pay items it marked either way.

How often does PFA Pension, Forsikringsaktieselskab vote against management?

47.5% of the time in the year to 30 June 2026: 193 of the 406 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.

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 PFA Pension, Forsikringsaktieselskab (filer no. 1730073), 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.