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T. Rowe Price Value ETF (TVAL) 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 Exchange-Traded Funds 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 Exchange-Traded Funds on 2026-08-28 · open the filing · vote table (ProxyVotingTable.xml, 37 MB)
TickerTVAL · 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 150 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 99.2% of the time across 121 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 32 | 1 | 3.1% |
| Workers & human rights | 10 | 0 | 0% |
| Pay equity & inclusion | 2 | 0 | 0% |
| Executive pay | 4 | 1 | 25% |
| Corporate governance | 71 | 1 | 1.4% |
| Other social issues | 31 | 0 | 0% |
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 Value ETF voted with 89,382 shares
“Stockholder proposal regarding a report on climate due diligence”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · open the filing
Wells Fargo & Company · 28 April 2026 · 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 Value ETF voted with 88,954 shares
“Shareholder Proposal - Energy Supply Ratio.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · 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 Value ETF voted with 107,083 shares
“Stockholder proposal requesting a report on Intel's human rights due diligence process.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · open the filing
Walmart Inc. · 4 June 2026 · 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 Value ETF voted with 65,932 shares
“Report on Workplace Health and Safety Governance”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · open the filing
The Coca-Cola Company · 29 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Coca-Cola 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 Value ETF voted with 48,165 shares
“Vote on a shareowner proposal requesting a report on the extent of the Company's diversity, equity and inclusion efforts”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · open the filing
AT&T Inc. · 14 May 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should AT&T publish the workforce breakdown it already files with the government?
Shareholders asked the company to publish its EEO-1 report — the table of employees by job category, race and sex that it is already required to submit to federal regulators — instead of keeping it confidential.
AGAINST T. Rowe Price Value ETF voted with 91,328 shares
“EEO-1 Report Disclosure Policy”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · 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 Value ETF voted with 33,648 shares
“Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · 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 Value ETF voted with 10,250 shares
“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079838 · open the filing
Other funds T. Rowe Price Exchange-Traded Funds votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.