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T. Rowe Price Equity Income Fund (PRFDX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
T. Rowe Price Equity Income 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 Equity Income Fund on 2026-08-28 · open the filing · vote table (ProxyVotingTable.xml, 1.4 MB)
TickersPRFDX, PAFDX, RRFDX, REIPX, TRZQX · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 1 of its 117 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 96.6% of the time across 87 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 29 | 1 | 3.4% |
| Workers & human rights | 10 | 0 | 0% |
| Executive pay | 3 | 1 | 33.3% |
| Corporate governance | 48 | 3 | 6.3% |
| Other social issues | 27 | 0 | 0% |
Its filing lists 21 ballot items more than once, with different share counts (42 rows in all): parts of this fund’s shares were voted separately. Each such item is counted once here, with all of its shares, the way most of them were cast.
What it holds
The largest positions this fund reported, as a share of the fund. Your slice of each is that percentage of your balance.
| Company | % of fund |
|---|---|
| Amazon.com Inc | 4.18% |
| Microsoft Corp | 4.06% |
| Apple Inc | 3.27% |
| Intel Corp | 2.03% |
| Metlife Inc | 2.03% |
| Southern Co/the | 1.93% |
| Citigroup Inc | 1.80% |
| Qualcomm Inc | 1.76% |
| J.P. Morgan Chase & Co. | 1.71% |
| Schwab (Charles) Corp | 1.57% |
| Applied Materials Inc | 1.52% |
| Cvs Health Corp | 1.51% |
SourcePortfolio holdings as reported by the fund for 2026-06-30 · open the filing
Ballots it voted
The Southern Company · 13 May 2026 · put on the ballot by shareholder · Climate & environment
Should Southern 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 Equity Income Fund voted with 3,620,000 shares
“Stockholder proposal regarding a report on climate due diligence”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
Tyson Foods, Inc. · 5 February 2026 · put on the ballot by shareholder · Climate & environment
Regarding report on environmental and human health impacts from waste lagoons.
AGAINST T. Rowe Price Equity Income Fund voted with 2,235,000 shares
“Shareholder proposal regarding report on environmental and human health impacts from waste lagoons.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
Intel Corporation · 13 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should Intel 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 Equity Income Fund voted with 2,573,000 shares
“Stockholder proposal requesting a report on Intel's human rights due diligence process.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
Chevron Corporation · 27 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should Chevron 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 Equity Income Fund voted with 870,000 shares
“Commission a Third-Party Report on Human Rights Processes”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
CF Industries Holdings, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before CF Industries Holdings 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 Equity Income Fund voted with 2,105,000 shares
“Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
Capital One Financial Corporation · 8 May 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Capital One Financial 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 Equity Income Fund voted with 148,000 shares
“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
Bank of America Corporation · 4 May 2026 · put on the ballot by shareholder
Should the person who runs Bank of America also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
AGAINST T. Rowe Price Equity Income Fund voted with 4,395,000 shares
“Shareholder proposal requesting independent board chair”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
The Southern Company · 13 May 2026 · put on the ballot by shareholder
Should the person who runs Southern also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
AGAINST T. Rowe Price Equity Income Fund voted with 3,620,000 shares
“Stockholder proposal regarding independent board chairman”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourceT. Rowe Price Equity Income Fund, Form N-PX filed 2026-08-28 · accession 0001193125-26-372781 · series S000002076 · open the filing
Every T. Rowe Price fund we track, and how each one voted →
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Vote these ballots yourself
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