# EDGAR Filing Document

**Accession Number:** 0001349434
**File Stem:** 0001438934-25-001562
**Filing Date:** 2025-8
**Character Count:** 27275
**Document Hash:** 6254886c1df1e235fdba6b2387fa88b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-001562.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001438934-25-001562

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOCUST WOOD CAPITAL ADVISERS, LLC
- **CENTRAL INDEX KEY:** 0001349434

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11558
- **FILM NUMBER:** 251250705

**BUSINESS ADDRESS:**
- **STREET 1:** 90 PARK AVENUE
- **STREET 2:** 27TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 212-354-5404

**MAIL ADDRESS:**
- **STREET 1:** 90 PARK AVENUE
- **STREET 2:** 27TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

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

## N-PX: Filer Information

**Filer CIK:** 0001349434

**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:** Locust Wood Capital Advisers, LLC

**Address:** 90 Park Ave, 27th Floor, New York, NY 10016

**Telephone number:** 2123545404

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-11558

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ABBOTT LABORATORIES                    | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         515105 |                0 | FOR         |                                   515105 | FOR                         |  |
| AIR LIQUIDE SA                         | F01764103 | 05/06/2025     | APPROVAL OF THE COMPONENTS OF THE REMUNERATION PAID DURING OR AWARDED IN RESPECT OF THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO MR FRANCOIS JACKOW, CHIEF EXECUTIVE OFFICER                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         161050 |                0 | FOR         |                                   161050 | NONE                        |  |
| AIR LIQUIDE SA                         | F01764103 | 05/06/2025     | APPROVAL OF THE COMPONENTS OF THE REMUNERATION PAID DURING OR AWARDED IN RESPECT OF THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO MR BENOIT POTIER, CHAIRMAN OF THE BOARD OF DIRECTORS                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         161050 |                0 | FOR         |                                   161050 | NONE                        |  |
| AMAZON.COM, INC.                       | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         460256 |                0 | FOR         |                                   460256 | FOR                         |  |
| APPLE INC.                             | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         261474 |                0 | FOR         |                                   261474 | FOR                         |  |
| AXALTA COATING SYSTEMS LTD.            | G0750C108 | 06/04/2025     | Non-binding advisory vote to approve the compensation of our named executive officers                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2362526 |                0 | FOR         |                                  2362526 | FOR                         |  |
| CAESARS ENTERTAINMENT, INC.            | 12769G100 | 06/10/2025     | COMPANY PROPOSAL: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        1163344 |                0 | FOR         |                                  1163344 | FOR                         |  |
| CANADIAN PACIFIC KANSAS CITY LIMITED   | 13646K108 | 04/30/2025     | Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circular.                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         759955 |                0 | FOR         |                                   759955 | FOR                         |  |
| CELANESE CORPORATION                   | 150870103 | 05/14/2025     | Advisory approval of executive compensation.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          15150 |                0 | FOR         |                                    15150 | FOR                         |  |
| COMFORT SYSTEMS USA, INC.              | 199908104 | 05/16/2025     | ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           2130 |                0 | FOR         |                                     2130 | FOR                         |  |
| ELEMENT SOLUTIONS INC                  | 28618M106 | 06/03/2025     | Advisory vote to approve the Company's 2024 executive compensation                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2218156 |                0 | FOR         |                                  2218156 | FOR                         |  |
| ELEVANCE HEALTH, INC.                  | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         154529 |                0 | FOR         |                                   154529 | FOR                         |  |
| ESSILORLUXOTTICA SA                    | F31665106 | 04/30/2025     | APPROVAL OF THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS COMPRISING THE TOTAL COMPENSATION AND BENEFITS IN KIND PAID IN OR AWARDED IN RESPECT OF THE YEAR ENDED DECEMBER 31, 2024 TO FRANCESCO MILLERI, CHAIRMAN AND CHIEF EXECUTIVE OFFICER                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          77068 |                0 | FOR         |                                    77068 | FOR                         |  |
| ESSILORLUXOTTICA SA                    | F31665106 | 04/30/2025     | APPROVAL OF THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS COMPRISING THE TOTAL COMPENSATION AND BENEFITS IN KIND PAID IN OR AWARDED IN RESPECT OF THE YEAR ENDED DECEMBER 31, 2024 TO PAUL DU SAILLANT, DEPUTY CHIEF EXECUTIVE OFFICER                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          77068 |                0 | FOR         |                                    77068 | FOR                         |  |
| FORTIVE CORPORATION                    | 34959J108 | 06/03/2025     | To approve on an advisory basis Fortive's named executive officer compensation.                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          10200 |                0 | FOR         |                                    10200 | FOR                         |  |
| GE HEALTHCARE TECHNOLOGIES INC.        | 36266G107 | 05/28/2025     | Approval of our named executive officers' compensation in an advisory vote.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        1063179 |                0 | FOR         |                                  1063179 | FOR                         |  |
| INTERNATIONAL FLAVORS  FRAGRANCES INC. | 459506101 | 05/01/2025     | Approve, on an advisory basis, the compensation of our named executive officers in 2024.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           9836 |                0 | FOR         |                                     9836 | FOR                         |  |
| INTERNATIONAL PAPER COMPANY            | 460146103 | 05/12/2025     | A Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          14380 |                0 | FOR         |                                    14380 | FOR                         |  |
| LA FRANCAISE DES JEUX SA               | F55896108 | 05/22/2025     | APPROVAL OF THE ITEMS OF REMUNERATION PAID DURING OR AWARDED IN RESPECT OF THE YEAR ENDED 31 DECEMBER 2024 TO STEPHANE PALLEZ, CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER, IN ACCORDANCE WITH II. OF ARTICLE L. 22-10-34 OF THE FRENCH COMMERCIAL CODE                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         868375 |                0 | FOR         |                                   868375 | FOR                         |  |
| LA FRANCAISE DES JEUX SA               | F55896108 | 05/22/2025     | APPROVAL OF THE ITEMS OF REMUNERATION PAID DURING OR AWARDED IN RESPECT OF THE YEAR ENDED 31 DECEMBER 2024 TO CHARLES LANTIERI, DEPUTY CHIEF EXECUTIVE OFFICER, IN ACCORDANCE WITH II. OF ARTICLE L. 22-10-34 OF THE FRENCH COMMERCIAL CODE                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         868375 |                0 | FOR         |                                   868375 | FOR                         |  |
| LENNOX INTERNATIONAL INC.              | 526107107 | 05/22/2025     | To conduct an advisory vote to approve the compensation of our named executive officers as disclosed in the Proxy Statement                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1400 |                0 | FOR         |                                     1400 | FOR                         |  |
| LINDE PLC                              | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers, as disclosed in the 2024 Proxy statement.                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         329911 |                0 | FOR         |                                   329911 | FOR                         |  |
| LONDON STOCK EXCHANGE GROUP PLC        | G5689U103 | 05/01/2025     | TO APPROVE THE ANNUAL REPORT ON REMUNERATION AND THE ANNUAL STATEMENT OF THE CHAIR OF THE REMUNERATION COMMITTEE                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         559305 |                0 | FOR         |                                   559305 | FOR                         |  |
| MICROSOFT CORPORATION                  | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote").                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         209852 |                0 | FOR         |                                   209852 | FOR                         |  |
| NIKE, INC.                             | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         181499 |                0 | FOR         |                                   181499 | FOR                         |  |
| NVIDIA CORPORATION                     | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         245920 |                0 | FOR         |                                   245920 | FOR                         |  |
| OLIN CORPORATION                       | 680665205 | 05/01/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          29695 |                0 | FOR         |                                    29695 | FOR                         |  |
| PACKAGING CORPORATION OF AMERICA       | 695156109 | 05/07/2025     | Proposal to approve our executive compensation.                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           3750 |                0 | FOR         |                                     3750 | FOR                         |  |
| PG CORPORATION                         | 69331C108 | 05/22/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        3738728 |                0 | FOR         |                                  3738728 | FOR                         |  |
| S GLOBAL INC.                          | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement.                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         117021 |                0 | FOR         |                                   117021 | FOR                         |  |
| SALESFORCE, INC.                       | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         241170 |                0 | FOR         |                                   241170 | FOR                         |  |
| SEALED AIR CORPORATION                 | 81211K100 | 05/29/2025     | Approval, as an advisory vote, of Sealed Air's 2024 executive compensation.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          24875 |                0 | FOR         |                                    24875 | FOR                         |  |
| STERIS PLC                             | G8473T100 | 08/01/2024     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed pursuant to the disclosure rules of the U.S. Securities and Exchange Commission, including the compensation discussion and analysis and the tabular and narrative disclosure contained in the Company's proxy statement dated June 12, 2024. | SECTION 14A SAY-ON-PAY VOTES |         264563 |                0 | FOR         |                                   264563 | FOR                         |  |
| SUNCOR ENERGY INC.                     | 867224107 | 05/06/2025     | To consider and, if deemed fit, approve an advisory resolution on Suncor's approach to executive compensation disclosed in the Management Proxy Circular of Suncor Energy Inc. dated February 26, 2025 (the "Circular").                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        1428085 |             5100 | FOR         |                                  1428085 | FOR                         |  |
| TRANE TECHNOLOGIES PLC                 | G8994E103 | 06/05/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           2250 |                0 | FOR         |                                     2250 | FOR                         |  |
| UNITED RENTALS, INC.                   | 911363109 | 05/08/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1110 |                0 | FOR         |                                     1110 | FOR                         |  |
| VERTIV HOLDINGS CO                     | 92537N108 | 06/18/2025     | To approve, on an advisory basis, the 2024 compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         754973 |                0 | FOR         |                                   754973 | FOR                         |  |
| VINCI SA                               | F5879X108 | 04/17/2025     | APPROVE COMPENSATION OF XAVIER HUILLARD, CHAIRMAN AND CEO                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         229557 |              750 | FOR         |                                   229557 | FOR                         |  |
| VISA INC.                              | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         194493 |                0 | FOR         |                                   194493 | FOR                         |  |
| W.W. GRAINGER, INC.                    | 384802104 | 04/30/2025     | To approve on a non-binding advisory basis the compensation of Grainger's Named Executive Officers.                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            790 |                0 | FOR         |                                      790 | FOR                         |  |
| WASTE MANAGEMENT, INC.                 | 94106L109 | 05/13/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         454436 |                0 | FOR         |                                   454436 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Locust Wood Capital Advisers, LLC

**By (Signature):** Megan Ward

**By (Printed Signature):** Megan Ward

**By (Title):** Controller

**Date:** 08/25/2025