Jay M. Fife
About Jay M. Fife
Jay M. Fife is Treasurer of BlackRock Long-Term Municipal Advantage Trust (BTA), serving since 2007; year of birth 1970. He is a Managing Director of BlackRock, Inc. and has held that title since 2007; fund executive officers (other than the CCO) receive no compensation from the Funds and are “interested persons” by virtue of their BlackRock roles . As of July–August 2025, officers and Board Members as a group beneficially owned less than 1% of BTA’s outstanding common shares; the Funds disclosed no officer-level ownership detail for Mr. Fife and noted the CFO held no BTA shares .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock Long-Term Municipal Advantage Trust (BTA) | Treasurer | Since 2007 (annual appointment) | — |
| BlackRock, Inc. | Managing Director | Since 2007 | — |
External Roles
- No external public-company directorships or outside roles are disclosed for Jay M. Fife in the BTA proxy materials .
Fixed Compensation
| Component | BTA Fund-Paid Amount | Notes |
|---|---|---|
| Base salary | None | Executive officers receive no compensation from the Funds; only the CCO is compensated by the Fund . |
| Target/Actual bonus | None | Executive officers receive no compensation from the Funds . |
| Perquisites | None disclosed | Executive officers receive no compensation from the Funds . |
Performance Compensation
| Incentive Type | Metric(s) | Target | Actual/Payout | Vesting |
|---|---|---|---|---|
| Cash annual incentive | — | — | — | — |
| RSUs/PSUs | — | — | — | — |
| Stock options | — | — | — | — |
The proxy states executive officers (other than the CCO) receive no compensation from the Funds, and it does not disclose any fund-level equity awards or performance metrics for Mr. Fife .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership (BTA common) | Not disclosed for Mr. Fife in BTA filings . |
| Officers and Board Members as a group | Less than 1% of outstanding common shares as of July 31–August 1, 2025 . |
| VRDP shares held by officers/Board | None as of August 1, 2025 . |
| CFO holdings (context) | CFO held no BTA shares as of July 31, 2025 . |
| Officer status | Officers are “interested persons” due to BlackRock affiliation . |
Employment Terms
| Term | Detail |
|---|---|
| Position | Treasurer (officer, not a Board Member) . |
| Term of office | Annual; serving since 2007 . |
| Employer/Affiliation | Managing Director, BlackRock, Inc. (since 2007) . |
| Compensation source | Executive officers receive no compensation from the Funds; the CCO is the exception . |
| Address | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 . |
Investment Implications
- Compensation alignment: Because fund executive officers (including the Treasurer) are not paid by BTA and no fund-level equity or performance awards are disclosed for them, Mr. Fife’s economic incentives are primarily tied to BlackRock, Inc., not directly to BTA’s performance; this limits the utility of fund-level pay-for-performance analysis for signaling or alignment purposes .
- Tenure and operational continuity: Mr. Fife’s long tenure as Treasurer (since 2007) suggests continuity and low execution risk in fund treasury operations, reducing operational transition risk for BTA .
- Insider selling pressure: With aggregate officer/Board ownership below 1% and no VRDP holdings, insider selling pressure or pledging risk tied to fund shares appears limited based on available disclosures; individual officer ownership (including Mr. Fife’s) is not itemized in the proxy .
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