Megan Kennedy
About Megan Kennedy
Megan Kennedy serves as Vice President and Secretary of abrdn Global Dynamic Dividend Fund (AGD) and related funds; she has held officer roles since 2018. She is currently Senior Director, Product Governance at abrdn Inc., having joined abrdn in 2005; year of birth 1974. Fund proxies emphasize that officers (including Kennedy) are employees of abrdn Inc. and are not compensated by the Funds, so no fund-level pay-for-performance metrics are disclosed for officers . She is the named Secretary for shareholder communications, proxy revocations, and signed recent SEC correspondence on behalf of the Fund, evidencing her governance and administrative oversight role .
Past Roles
| Organization | Role/Title | Years | Strategic Impact/Notes |
|---|---|---|---|
| abrdn Global Dynamic Dividend Fund (AGD) and affiliated funds (AOD, AWP) | Vice President and Secretary (Fund Officer) | Since 2018 | Officer of the Funds; governance and corporate administration functions . |
| abrdn Inc. (formerly Aberdeen Asset Management Inc.) | Senior Director, Product Governance | Current (as disclosed in 2024–2025 filings) | Product Governance leadership across U.S. registered funds . |
| abrdn Inc. | Head of Product Management (prior role) | Disclosed in 2017–2018 filings | Led product management for Aberdeen’s U.S. funds; joined as Senior Fund Administrator in 2005 . |
| abrdn Inc. | Assistant Treasurer (Collective Funds/N. America Mutual Funds) | Promoted Feb 2008 | Finance/treasury responsibilities for funds platform . |
| abrdn Inc. | Treasurer (Collective Funds/N. America Mutual Funds) | Promoted July 2008 | Senior fund administration and treasury responsibilities . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No public company board directorships or external roles are disclosed in AGD’s proxies for Kennedy . |
Fixed Compensation
| Component | Amount/Structure | Notes |
|---|---|---|
| Fund-paid compensation to officers (including Kennedy) | $0 | “All officers of the Funds are employees of and are compensated by abrdn Inc., the Funds’ administrator, or an affiliate. None of the Funds’ executive officers…received any compensation from any Fund.” (FY2024 and FY2023 disclosures) . |
| Fund bonus/profit sharing/pension plans for officers | Not applicable | “None of the Funds have any bonus, profit sharing, pension or retirement plans.” . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed at fund level for officers | — | — | — | — | Officers’ compensation is paid by abrdn Inc.; fund filings do not provide performance metric detail for officer pay . |
Equity Ownership & Alignment
| Item | Detail | As-of Date |
|---|---|---|
| Individual beneficial ownership (officers) | Not disclosed individually for officers in proxies | — |
| Aggregate ownership (Trustees and officers combined) | Trustees and officers, in the aggregate, owned less than 1% of each Fund’s outstanding equity securities | October 31, 2023 . |
| Officer stock pledging/hedging | Not disclosed in proxy for officers | — |
| Insider trading activity (Form 4) – Kennedy | No insider transactions by Kennedy in AGD over the past 18 months (site summary) | GuruFocus snapshot (accessed via web) . |
| Section 16 reporting framework | Proxies reiterate Section 16(a)/30(h) reporting requirements for officers/Trustees | 2024–2025 Proxies . |
Employment Terms
| Term | Detail |
|---|---|
| Officer election/tenure mechanics | Officers hold their positions with each Fund until a successor has been duly elected and qualifies; officers are elected annually by the Board of Trustees . |
| Start date in current fund officer role | Fund officer since 2018 (Vice President and Secretary) . |
| Employment contract, severance, change-of-control (CoC) | Not disclosed at fund level for officers; as employees of abrdn Inc., terms (if any) would be at the adviser and are not included in Fund proxy . |
| Non-compete / non-solicit / garden leave | Not disclosed at fund level for officers |
| Clawbacks / tax gross-ups | Not disclosed at fund level for officers |
Performance & Track Record
- Governance/administrative role: Kennedy is the named Secretary for shareholder communications and proxy processes, including being the listed contact for revoking proxies and as a proxy appointee; she also signed an SEC withdrawal letter (RW) as Secretary, indicating active responsibility in fund governance and regulatory filings .
- Investment performance metrics (TSR/NAV) are not attributed to officers in the proxies; no officer-linked pay/performance disclosure appears at the fund level .
Board Governance (Context)
- Officer roster, including Kennedy’s role and biography snippet, is disclosed annually; year of birth (1974) and principal occupation (Senior Director, Product Governance) are enumerated in the officer tables .
- Trustees’ compensation and ownership ranges are disclosed; officers’ compensation and individual holdings are not, reinforcing that officer pay is outside the fund (at abrdn Inc.) and not a fund expense .
Compensation Structure Analysis
- Absence of fund-paid officer compensation eliminates direct fund-level pay-for-performance linkage for Kennedy; no base salary, target bonus, equity awards, severance or CoC terms are disclosed at the fund level, as officers are compensated by abrdn Inc. .
- As a result, typical signals such as vesting schedules, PSU/RSU performance curves, or option exercise pressure are not available in fund disclosures; insider selling pressure appears limited from available sources, with no AGD Form 4 activity by Kennedy in the last 18 months per the web source cited .
Investment Implications
- Pay-for-performance visibility at the fund level is low for officers: compensation is determined and paid by abrdn Inc., and not disclosed in the Fund’s proxy. This limits the ability to assess incentive alignment, vesting pressure, or severance/CoC economics for Kennedy from fund documents .
- Ownership alignment signals are muted: individual officer holdings are not disclosed; aggregate officer/trustee holdings were under 1% as of 10/31/23, suggesting limited direct equity exposure by insiders at the fund level; recent third-party tracking shows no Form 4 activity by Kennedy, implying minimal near-term selling pressure from her .
- Governance reliability appears strong: Kennedy’s recurring role as Secretary (proxy mechanics, SEC correspondence) points to continuity in fund administration and compliance. For trading signals, monitor: (i) future Item 5.02 8‑Ks (officer appointments/departures), (ii) any officer-level beneficial ownership updates, and (iii) changes in officer rosters and governance disclosures in forthcoming proxies and reports .