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Form N-PX · fund seriesSEC series no. S000002160

T. Rowe Price Tax-Efficient Equity Fund

A series of T. Rowe Price Tax-Efficient Funds, Inc.

Vote records
3,738year to 30 June 2026
Against management
13.4%500 of 3,733 marked votes
Say-on-pay support
46.5%for, of for + against + abstain
Shareholder-proposal support
18.5%for, of for + against + abstain

T. Rowe Price Tax-Efficient Equity Fund is a series of T. Rowe Price Tax-Efficient Funds, Inc.. For the year to 30 June 2026 its registrant reported 3,738 vote records for the series; 13.4% of the votes marked for or against management went against management. It voted for 46.5% of say-on-pay items and for 18.5% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantT. Rowe PriceMedian fund registrant
Against-management share13.4%13.4%6.7%6.2%
Say-on-pay support rate46.5%46.7%89.8%91.6%
Shareholder-proposal support rate18.5%18.5%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 ELECTIONS2,6592,404869.6%
SECTION 14A SAY-ON-PAY VOTES32814216249.7%
AUDIT-RELATED33633600.0%
SHAREHOLDER RIGHTS AND DEFENSES1613325.0%
EXTRAORDINARY TRANSACTIONS76114.3%
CAPITAL STRUCTURE5748917.5%
COMPENSATION108763225.9%
CORPORATE GOVERNANCE1861146327.7%
ENVIRONMENT OR CLIMATE292270.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE182160.0%
DIVERSITY, EQUITY, AND INCLUSION152130.0%
OTHER SOCIAL ISSUES433400.0%
OTHER211not reported

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20243,68212.3%57.0%21.2%
year to 30 June 20253,88912.3%54.3%17.9%
year to 30 June 20263,73813.4%46.5%18.5%

Questions

How often did T. Rowe Price Tax-Efficient Equity Fund vote against management?

13.4% of the votes its registrant marked for or against management in the year to 30 June 2026 (500 of 3,733).

How did T. Rowe Price Tax-Efficient Equity Fund vote on executive pay?

It voted for 141 of 303 say-on-pay items cast for, against or abstain (46.5%).

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 Tax-Efficient Funds, 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 Tax-Efficient Funds, Inc. (filer no. 1038490); votes attributed to series S000002160 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.