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Form N-PX · fund seriesSEC series no. S000002071

T. Rowe Price U.S. Equity Research Fund

A series of T. Rowe Price U.S. Equity Research Fund, Inc.

Vote records
4,164year to 30 June 2026
Against management
4.2%174 of 4,161 marked votes
Say-on-pay support
96.9%for, of for + against + abstain
Shareholder-proposal support
6.3%for, of for + against + abstain

T. Rowe Price U.S. Equity Research Fund is a series of T. Rowe Price U.S. Equity Research Fund, Inc.. For the year to 30 June 2026 its registrant reported 4,164 vote records for the series; 4.2% of the votes marked for or against management went against management. It voted for 96.9% of say-on-pay items and for 6.3% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantT. Rowe PriceMedian fund registrant
Against-management share4.2%4.2%6.7%6.2%
Say-on-pay support rate96.9%96.6%89.8%91.6%
Shareholder-proposal support rate6.3%6.3%14.6%27.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS3,0412,915544.1%
SECTION 14A SAY-ON-PAY VOTES310283103.9%
AUDIT-RELATED31131100.0%
SHAREHOLDER RIGHTS AND DEFENSES2116523.8%
EXTRAORDINARY TRANSACTIONS1311215.4%
CAPITAL STRUCTURE626204.8%
COMPENSATION9886116.1%
CORPORATE GOVERNANCE2139011414.3%
ENVIRONMENT OR CLIMATE604563.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE281270.0%
DIVERSITY, EQUITY, AND INCLUSION341330.0%
OTHER SOCIAL ISSUES853821.2%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20244,3282.9%95.1%5.0%
year to 30 June 20254,1023.7%96.2%3.6%
year to 30 June 20264,1644.2%96.9%6.3%

Questions

How often did T. Rowe Price U.S. Equity Research Fund vote against management?

4.2% of the votes its registrant marked for or against management in the year to 30 June 2026 (174 of 4,161).

How did T. Rowe Price U.S. Equity Research Fund vote on executive pay?

It voted for 282 of 291 say-on-pay items cast for, against or abstain (96.9%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by T. Rowe Price U.S. Equity Research Fund, Inc., which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by T. Rowe Price U.S. Equity Research Fund, Inc. (filer no. 931151); votes attributed to series S000002071 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.