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Form N-PX · institutional managerSEC filer no. 1803415

BALLAST ADVISORS LLC

institutional manager voting report

Vote records reported
6,450year to 30 June 2026
Against management
0.0%0 of 6,335 marked votes
Say-on-pay support
100.0%for, of for + against + abstain
Shareholder-proposal support
100.0%for, of for + against + abstain
90.7% for0.0% against9.3% other0.0% against management6,450 votes

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

For the year to 30 June 2026, BALLAST ADVISORS LLC reported 6,450 vote records on Form N-PX. 0 of the 6,335 votes that were marked for or against management went against management: 0.0%, 6.4 percentage points below the median institutional manager (6.4%).

Weighted by the number of shares voted, the against-management share is 0.0%. 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 100.0% of the section 14A say-on-pay items it reported (the median institutional manager: 91.4%) and it voted for 100.0% of the proposals put forward by security holders (the median institutional manager: 41.1%).

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 share0.0%6.4%10.6%
Say-on-pay support rate100.0%91.4%86.0%
Shareholder-proposal support rate100.0%41.1%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
DIRECTOR ELECTIONS4,9154,88700.0%
SECTION 14A SAY-ON-PAY VOTES45442800.0%
AUDIT-RELATED545400.0%
CAPITAL STRUCTURE1029900.0%
COMPENSATION1009900.0%
CORPORATE GOVERNANCE72826700.0%
DIVERSITY, EQUITY, AND INCLUSION851000.0%
OTHER SOCIAL ISSUES7000.0%
OTHER5300.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20242760.0%100.0%not reported
year to 30 June 20252781.9%94.3%0.0%
year to 30 June 20266,4500.0%100.0%100.0%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, BALLAST ADVISORS LLC voted against management on 0 of the 211 it marked either way (0.0%) in the year to 30 June 2026.

A further 2 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 21 proposals from security holders that could be told apart in the filings and on which it cast a vote, BALLAST ADVISORS LLC voted for 21 (100.0%). 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
JPMorgan Chase & Co.19 May 2026Sustainability ROI report
Mastercard Incorporated16 Jun 2026Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
Walmart Inc.4 Jun 2026Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
The Coca-Cola Company29 Apr 2026Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
GE VERNOVA INC.20 May 2026Stockholder proposal requesting report assessing sustainability goals on the basis of net-present-value...
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
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.
Target Corporation10 Jun 2026Shareholder proposal: ENVIRONMENT OR CLIMATE
FORD MOTOR COMPANY14 May 2026Amend Bylaws to Require Audit Committee to Assess ROI of DEI Initiatives
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...
Delta Air Lines, Inc.18 Jun 2026Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
Lennar Corporation8 Apr 2026Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
OGE Energy Corp.14 May 2026Shareholder Proposal Regarding Simple Majority Vote.
THE MAGNUM ICE CREAM COMPANY N.V.7 May 2026Proposal to amend the Articles of Association of the Company

Shares on loan

BALLAST ADVISORS LLC 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 BALLAST ADVISORS LLC vote on executive pay?

In the year to 30 June 2026 BALLAST ADVISORS LLC reported 428 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 428 were for (100.0%), 0 against and 0 abstentions. Counting one item per company meeting, it voted against management on 0 of the 211 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does BALLAST ADVISORS LLC vote against management?

0.0% of the time in the year to 30 June 2026: 0 of the 6,335 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 BALLAST ADVISORS LLC (filer no. 1803415), 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.