# EDGAR Filing Document

**Accession Number:** 0001726948
**File Stem:** 0001398344-25-014704
**Filing Date:** 2025-8
**Character Count:** 7735
**Document Hash:** 199dc999704da2115be006c57031d817
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-014704.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001398344-25-014704

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Soapstone Management L.P.
- **CENTRAL INDEX KEY:** 0001726948

**ORGANIZATION NAME:**
- **EIN:** 203508536
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18586
- **FILM NUMBER:** 251192998

**BUSINESS ADDRESS:**
- **STREET 1:** 7500 OLD GEORGETOWN ROAD
- **STREET 2:** SUITE 200
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 212-319-1438

**MAIL ADDRESS:**
- **STREET 1:** 7500 OLD GEORGETOWN ROAD
- **STREET 2:** SUITE 200
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001726948

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Soapstone Management L.P.

**Address:** 7500 OLD GEORGETOWN ROAD, BETHESDA, MD 20814

**Telephone number:** 212-319-1438

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-18586

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                     | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                         | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| AGNICO EAGLE MINES LIMITED         | 008474108 | 04/25/2025     | Consideration of and, if deemed advisable, the passing of a non-binding, advisory resolution accepting the Company's approach to executive compensation. | SECTION 14A SAY-ON-PAY VOTES |          35474 |                0 | FOR         |                                    35474 | FOR                         |  |
| AMAZON.COM, INC.                   | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         100000 |                0 | FOR         |                                   100000 | FOR                         |  |
| AMERICAN WATER WORKS COMPANY, INC. | 030420103 | 05/14/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |         125000 |                0 | FOR         |                                   125000 | FOR                         |  |
| BUILDERS FIRSTSOURCE, INC.         | 12008R107 | 05/27/2025     | An advisory vote on the compensation of the named executive officers                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          15000 |                0 | FOR         |                                    15000 | FOR                         |  |
| CITIZENS FINANCIAL GROUP, INC.     | 174610105 | 04/24/2025     | Advisory Vote on Executive Compensation.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         116553 |                0 | FOR         |                                   116553 | FOR                         |  |
| CONSTELLATION ENERGY CORP          | 21037T109 | 04/29/2025     | To consider and act on an advisory vote regarding the approval of compensation paid to named executive officers                                          | SECTION 14A SAY-ON-PAY VOTES |          12500 |                0 | FOR         |                                    12500 | FOR                         |  |
| LEIDOS HOLDINGS, INC.              | 525327102 | 05/02/2025     | Approve, by an advisory vote, executive compensation.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          37500 |                0 | FOR         |                                    37500 | FOR                         |  |
| NEOGEN CORPORATION                 | 640491106 | 10/24/2024     | To Approve, On An Advisory Basis, The Compensation of Named Executive Officers.                                                                          | SECTION 14A SAY-ON-PAY VOTES |         417475 |                0 | ABSTAIN     |                                   417475 | NONE                        |  |
| NEWMONT CORPORATION                | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          88338 |                0 | FOR         |                                    88338 | FOR                         |  |
| OLIN CORPORATION                   | 680665205 | 05/01/2025     | Advisory vote to approve named executive officer compensation.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         150000 |                0 | FOR         |                                   150000 | FOR                         |  |
| PUBLIC STORAGE                     | 74460D109 | 05/07/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers.                                                                     | SECTION 14A SAY-ON-PAY VOTES |          37904 |                0 | FOR         |                                    37904 | FOR                         |  |
| VAIL RESORTS, INC.                 | 91879Q109 | 12/05/2024     | Advisory vote to approve executive compensation.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          68750 |                0 | FOR         |                                    68750 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Soapstone Management L.P.

**By (Signature):** Jed Nussdorf

**By (Printed Signature):** Jed Nussdorf

**By (Title):** Managing Member of the General Partner

**Date:** 08/07/2025