How Did Shareholders Vote on Directors, CEO Equity and Remuneration at the Telstra (ASX:TLS) 2026 AGM?

Sonal Goyal

14 October 2026 06:34 PM AEDT

How Did Shareholders Vote on Directors, CEO Equity and Remuneration at the Telstra (ASX:TLS) 2026 AGM?

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Key highlights

All resolutions at the 13 October 2026 AGM were decided on a poll and passed.
The remuneration report received 98.46% of votes in favour, and no strike was recorded.
Maxine Brenner's re-election received 88.55% in favour, the lowest level of support among the director resolutions.

Telstra Group Limited (ASX:TLS) is an Australian telecommunications company with its registered office at 242 Exhibition Street, Melbourne. On 13 October 2026 it released the poll results of its 2026 Annual General Meeting under Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act, with the release authorised by its Group Company Secretary.

Latest development

Item 3 covered directors. Maxine Brenner was re-elected with 88.55% of votes cast in favour and 11.45% against. Holly Kramer was elected with 99.35% in favour, and Ming Long AM was re-elected with 98.69% in favour.

Item 4 covered Equity grants to the Chief Executive Officer and Managing Director, Vicki Brady: 290,500 Restricted Share Rights under the Telstra FY26 Short Term Incentive Plan (98.83% in favour) and 788,875 Performance Rights under the FY27 Long Term Incentive Plan (98.43% in favour). The non-binding remuneration report for the year ended 30 June 2026 was adopted with 98.46% in favour and 1.54% against.

Company operating model and operations

The announcement is a voting report and does not describe operations. Telstra's results are published separately. The votes are presented by proxy and poll, with figures that include proxies cast by the Chair of the Meeting, and the attached MUFG Corporate Markets report lists proxy and direct votes for each item.

Why the development matters

The results record Shareholder decisions on board composition, executive incentive grants and the remuneration report. The remuneration report resolution is flagged as a strike item, and the report shows no strike recorded. The equity grants for the CEO required approval under the relevant ASX rules and were passed.

Risks and uncertainties

The Brenner re-election had a higher proportion of against votes, at 11.45%, than the other resolutions, though it passed. The remuneration vote is non-binding. The voting report does not address the company's operating or financial performance.

Performance rights are linked to future performance conditions and may not vest in full, and the number of shares issued on vesting would affect the share count.

What to watch next

Shareholders may watch for any further disclosure of the terms and conditions of the incentive grants, the company's subsequent ASX announcements, and the vote outcomes at future meetings. The detailed proxy and direct vote counts are in the voting position attached to the announcement.

FAQs

Q: What did Telstra Group (ASX:TLS) announce on 13 October 2026?

A:The poll results of its 2026 Annual General Meeting, with all resolutions passed.

Q: How many votes supported the remuneration report?

A:98.46% of votes cast were in favour and 1.54% against, with no strike recorded.

Q: What equity grants were approved for the CEO?

A:290,500 Restricted Share Rights under the FY26 Short Term Incentive Plan and 788,875 Performance Rights under the FY27 Long Term Incentive Plan.

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