Michael Marsico
About Michael Marsico
Michael Marsico (Year of Birth: 1980) serves as a Vice President of abrdn Global Infrastructure Income Fund (ASGI) and has held this fund officer role since 2022; he is currently a Senior Product Manager – US at abrdn Inc., having joined abrdn Inc. in 2014 as a Fund Administrator . Officers of the Fund are employees of and compensated by the investment adviser (abrdn Inc. or affiliates); none of the Fund’s executive officers received any compensation from the Fund for FY2024 and the Fund does not maintain bonus, profit sharing, pension or retirement plans . As of April 1, 2025, the Fund’s Trustees and officers, in aggregate, owned less than 1% of outstanding equity securities, indicating limited direct officer equity alignment at the Fund level . Officers are elected annually and serve until their successors are duly elected and qualified .
Past Roles
| Organization | Role | Years | Strategic Impact / Notes |
|---|---|---|---|
| abrdn Inc. | Fund Administrator | 2014 (joined) | Joined abrdn Inc. in 2014 as a Fund Administrator . |
| abrdn Inc. | Senior Product Manager – US | Current | Currently Senior Product Manager – US for abrdn Inc. . |
| abrdn Global Infrastructure Income Fund (ASGI) | Vice President (Fund Officer) | Since 2022 | Fund officer since 2022 . |
External Roles
No external directorships or outside public company board roles for Mr. Marsico are disclosed in ASGI’s proxy and registration statements reviewed; his disclosed principal occupation is with abrdn Inc. .
Fixed Compensation
- Officers are employees of and compensated by abrdn Inc. or its affiliates; none of the Fund’s executive officers received compensation from the Fund for FY2024 .
- The Fund does not have bonus, profit sharing, pension or retirement plans .
Performance Compensation
| Component | Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Fund-level variable pay to officers | None at the Fund | — | — | — | — | — |
| Notes | Officers are not paid by the Fund; no Fund-level bonuses, equity or options are granted to officers. Any compensation terms would be set by abrdn Inc., which are not disclosed in Fund filings . |
Equity Ownership & Alignment
- Aggregate ownership: As of April 1, 2025, Trustees and officers collectively owned less than 1% of the Fund’s outstanding equity securities, indicating limited overall insider equity alignment at the Fund level .
- Individual officer holdings: The “Ownership of Securities” table in the 2025 proxy provides per‑Trustee ranges and notes executive officers but does not provide individual officer holdings; Ms. Ferrari (PFO) did not own Fund shares as of April 1, 2025; the Interested Trustee’s range is separately disclosed . As such, individual holdings for Mr. Marsico are not disclosed in Fund filings reviewed .
- Section 16 filings: Based on the Fund’s review, during FY2024, officers, Trustees and >10% holders timely filed all required reports under Section 16(a) .
- Clawback/recoupment: Item 18 “Recovery of Erroneously Awarded Compensation” is noted as not applicable in the N‑CSR/S for the period ended March 31, 2025, reflecting that exchange‑mandated executive compensation recovery policies are not applicable to the Fund .
Employment Terms
| Item | Term/Detail |
|---|---|
| Fund Officer Term | Officers hold positions until a successor is duly elected and qualified; officers are elected annually by the Board . |
| Current Fund Role | Vice President (Fund Officer) since 2022 . |
| Principal Occupation | Senior Product Manager – US at abrdn Inc. . |
| Employer of Record | abrdn Inc. (officers are adviser employees) . |
| Compensation Determination | Set by abrdn Inc./affiliates; Fund does not pay executive officers . |
| Non‑compete/Severance/Change‑of‑Control | Not disclosed in ASGI Fund filings; such terms, if any, would be within abrdn Inc. employment arrangements, which are not included in the Fund’s proxy/N‑CSR documents . |
Risk Indicators and Red Flags
- Section 16(a) compliance: No delinquent filings reported for officers during FY2024, reducing governance risk related to insider reporting lapses .
- Equity/vesting overhang: The Fund does not grant equity/option awards to officers, limiting Fund‑sourced vesting‑driven selling pressure; any equity incentives for Mr. Marsico would be at abrdn Inc. and are not disclosed in Fund filings .
- Clawback/10D‑1: Not applicable per N‑CSR/S disclosures, suggesting no exchange‑mandated executive compensation recovery policy applies at the Fund level .
Governance Context (Board/Committees)
- The Board consists mainly of Independent Trustees and operates via an Audit Committee and a Nominating and Corporate Governance Committee; Independent Trustees meet in executive session at least quarterly and retain independent counsel . This structure underscores that officer compensation and employment terms are managed by the adviser, not the Fund .
Investment Implications
- Pay‑for‑performance linkage at the Fund level is minimal for officers: there are no Fund‑paid salaries, bonuses, or equity awards, so incentive alignment for Mr. Marsico (and potential retention risk) is driven by abrdn Inc.’s compensation programs, which are not disclosed in ASGI filings .
- Insider selling pressure signals are limited at the Fund level given no Fund‑granted equity and aggregate insider ownership below 1%; absent Form 4 activity, we see low signal value from Fund‑level insider flows for Mr. Marsico .
- Governance and compliance appear sound: timely Section 16 reporting, established independent Board committees, and regular executive sessions indicate low governance red‑flag risk tied to officer oversight .
- Key diligence gap: To fully assess compensation structures, vesting schedules, severance/COC economics, and ownership guidelines for Mr. Marsico, investors would need abrdn Inc. employment/compensation disclosures, which are outside ASGI’s filings; absent these, trading/retention signals tied directly to his incentives are opaque .