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T. Rowe Price Equity Income Fund proxy voting record
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 2025-08-29 · open the filing · vote table (ProxyVotingTable.xml, 1.5 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 93.1% of the time across 87 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 46 | 0 | 0% |
| Workers & human rights | 10 | 0 | 0% |
| Pay equity & inclusion | 4 | 0 | 0% |
| Executive pay | 12 | 0 | 0% |
| Corporate governance | 27 | 4 | 14.8% |
| Other social issues | 12 | 0 | 0% |
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
Wells Fargo & Company · 29 April 2025 · put on the ballot by shareholder · Climate & environment
Should Wells Fargo & disclose what it finances, not just what it emits?
Shareholders asked the company to disclose the emissions attached to its lending, underwriting or energy mix — the ratio of clean to fossil financing, or an assessment of its clients’ own transition plans — rather than reporting only the emissions of its own offices.
AGAINST T. Rowe Price Equity Income Fund voted with 5,350,000 shares
“Shareholder Proposal - Energy Supply Ratio.”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Bank of America Corporation · 22 April 2025 · put on the ballot by shareholder · Climate & environment
Should Bank of America say whether its lobbying matches the climate targets it announces?
Shareholders asked the company to report on whether its own lobbying — and the lobbying done by the trade associations it funds — is consistent with the climate goals it publishes.
AGAINST T. Rowe Price Equity Income Fund voted with 4,030,818 shares
“Shareholder proposal request report on lobbying alignment with Bank of America's climate goals”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Walmart Inc. · 5 June 2025 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
AGAINST T. Rowe Price Equity Income Fund voted with 1,970,000 shares
“Health and Safety Governance”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Johnson & Johnson · 24 April 2025 · put on the ballot by shareholder · Workforce & human rights
Should Johnson & Johnson 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 825,000 shares
“Produce a human rights impact assessment”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
International Paper Company · 12 May 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should International Paper publish what its inclusion policies actually do for its workforce?
Shareholders asked for a report on the company’s LGBTQIA+ equity and inclusion efforts within its human capital management strategy — what the policies are, how they are measured, and what they have changed for employees.
AGAINST T. Rowe Price Equity Income Fund voted with 4,743,772 shares
“Shareowner Proposal Concerning a Report on the Company's LGBTQIA+ Equity and Inclusion Efforts”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Walmart Inc. · 5 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should an independent auditor examine how Walmart 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 Equity Income Fund voted with 1,970,000 shares
“Racial Equity Audit”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Southwest Airlines Co. · 14 May 2025 · put on the ballot by shareholder · Executive pay
Should Southwest Airlines 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 Equity Income Fund voted with 5,274,448 shares
“Advisory vote on shareholder proposal to amend clawback policy for executive pay.”
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 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Citigroup Inc. · 29 April 2025 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Citigroup 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 3,590,000 shares
“Stockholder 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 Equity Income Fund, Form N-PX filed 2025-08-29 · accession 0001021408-25-004302 · series S000002076 · open the filing
Retirement plans that offer it
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