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Form N-PX · fund seriesSEC series no. S000071604

T. Rowe Price U.S. Equity Research ETF

A series of T. Rowe Price Exchange-Traded Funds, Inc.

Vote records
4,382year to 30 June 2026
Against management
4.3%189 of 4,379 marked votes
Say-on-pay support
97.1%for, of for + against + abstain
Shareholder-proposal support
6.0%for, of for + against + abstain

T. Rowe Price U.S. Equity Research ETF is a series of T. Rowe Price Exchange-Traded Funds, Inc.. For the year to 30 June 2026 its registrant reported 4,382 vote records for the series; 4.3% of the votes marked for or against management went against management. It voted for 97.1% of say-on-pay items and for 6.0% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantT. Rowe PriceMedian fund registrant
Against-management share4.3%4.5%6.7%6.2%
Say-on-pay support rate97.1%96.4%89.8%91.6%
Shareholder-proposal support rate6.0%11.9%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 ELECTIONS3,1953,060584.2%
SECTION 14A SAY-ON-PAY VOTES327299103.7%
AUDIT-RELATED33233200.0%
SHAREHOLDER RIGHTS AND DEFENSES2217522.7%
EXTRAORDINARY TRANSACTIONS1411321.4%
CAPITAL STRUCTURE646227.8%
COMPENSATION10691147.5%
CORPORATE GOVERNANCE2269412314.3%
ENVIRONMENT OR CLIMATE604563.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE281270.0%
DIVERSITY, EQUITY, AND INCLUSION341330.0%
OTHER SOCIAL ISSUES884841.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20244,5603.1%95.0%5.5%
year to 30 June 20254,3723.9%95.2%4.1%
year to 30 June 20264,3824.3%97.1%6.0%

Questions

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

4.3% of the votes its registrant marked for or against management in the year to 30 June 2026 (189 of 4,379).

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

It voted for 298 of 307 say-on-pay items cast for, against or abstain (97.1%).

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 Exchange-Traded 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 Exchange-Traded Funds, Inc. (filer no. 1795351); votes attributed to series S000071604 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.