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T. Rowe Price Capital Appreciation Fund proxy voting record
T. Rowe Price Capital Appreciation Fund files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by T. Rowe Price Capital Appreciation Fund on 2025-08-29 · open the filing · vote table (ProxyVotingTable.xml, 1.9 MB)
How it voted, by issue
Proposals are grouped by the subject the filer itself recorded. On management's own executive pay resolutions, this fund voted in favour 96.4% of the time across 56 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 27 | 0 | 0% |
| Workers & human rights | 7 | 0 | 0% |
| Pay equity & inclusion | 3 | 0 | 0% |
| Executive pay | 6 | 0 | 0% |
| Corporate governance | 23 | 8 | 34.8% |
| Other social issues | 25 | 1 | 4% |
Ballots it voted
Ameren Corporation · 8 May 2025 · put on the ballot by shareholder · Climate & environment
Should Ameren publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 10,410,693 shares
“SHAREHOLDER PROPOSAL - EVALUATION BY A THIRD-PARTY OF SHORT- AND MEDIUM-TERM GREENHOUSE GAS EMISSIONS REDUCTION TARGETS.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
Amazon.com, Inc. · 21 May 2025 · put on the ballot by shareholder · Climate & environment
Should Amazon.com publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 10,235,407 shares
“SHAREHOLDER PROPOSAL REQUESTING ALTERNATIVE EMISSIONS REPORTING”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
Amazon.com, Inc. · 21 May 2025 · put on the ballot by shareholder · Workforce & human rights
Should Amazon.com publish a report on working conditions inside its warehouses?
Shareholders asked the board to commission and publish a report on working conditions in the company’s warehouses — injury and illness rates, the effect of productivity quotas and the pace of work, and how the company’s own practices compare with what it says publicly.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 10,235,407 shares
“SHAREHOLDER PROPOSAL REQUESTING A REPORT ON WAREHOUSE WORKING CONDITIONS”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
Microsoft Corporation · 10 December 2024 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 7,638,039 shares
“Report on Data Operations in Human Rights Hotspots”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
PepsiCo, Inc. · 7 May 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should an independent auditor examine how PepsiCo affects civil rights?
Shareholders asked the board to commission an independent, third-party audit of the company’s impact on civil rights and racial equity — its workforce, its customers and the communities it operates in — and to publish what the auditor finds.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 755,500 shares
“Shareholder Proposal - Third-Party Racial Equity Audit.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
Mastercard Incorporated · 24 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should an independent auditor examine how Mastercard Incorporated affects civil rights?
Shareholders asked the board to commission an independent, third-party audit of the company’s impact on civil rights and racial equity — its workforce, its customers and the communities it operates in — and to publish what the auditor finds.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 472,069 shares
“Consideration of a stockholder proposal requesting a racial equity audit report”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
UnitedHealth Group Incorporated · 2 June 2025 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before UnitedHealth Group Incorporated pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 1,793,420 shares
“If properly presented at the 2025 Annual Meeting of Shareholders, the shareholder proposal requesting a shareholder vote regarding excessive golden parachutes.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
Northrop Grumman Corporation · 21 May 2025 · put on the ballot by shareholder · Executive pay
Should Northrop Grumman be able to take back pay awarded on results that turn out to be wrong?
Shareholders asked the board to strengthen its clawback policy, so that bonuses and share awards can be recovered when they were earned on misstated results or on conduct that later causes the company harm.
AGAINST T. Rowe Price Capital Appreciation Fund voted with 601,100 shares
“Shareholder proposal to support improved clawback policy regarding unearned executive pay.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Capital Appreciation Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004334 · series S000002070 · open the filing
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