Jeremy D. Franklin
About Jeremy D. Franklin
Jeremy D. Franklin (born 1983) is Vice President and Assistant Secretary of Nuveen S&P 500 Buy-Write Income Fund (BXMX). He has served as an officer since 2024 and concurrently holds legal and secretary roles across Nuveen/TIAA entities, including Managing Director and Assistant Secretary at Nuveen Fund Advisors, LLC, and Vice President/Associate General Counsel and Assistant Secretary at Nuveen Asset Management, LLC, Teachers Advisors, LLC, and TIAA-CREF Investment Management, LLC . The Fund has no employees; officers serve without any compensation from the Fund, and officer compensation (e.g., for the CCO) is paid by the Adviser with only a partial reimbursement to the Adviser for an allocable portion of CCO incentive compensation . As of February 18, 2025, Fund filings indicate Section 16(a) compliance for Board Members and officers in the prior year .
Past Roles
| Organization | Role | Years | Strategic impact / scope |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | 2024–Present | Corporate secretary and governance support across Nuveen funds . |
| Nuveen Asset Management, LLC; Teachers Advisors, LLC; TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | 2024–Present | Legal counsel and assistant secretary responsibilities across TIAA/Nuveen registered products . |
| Teachers Insurance and Annuity Association of America; TIAA-CREF Funds; TIAA-CREF Life Funds; TIAA Separate Account VA‑1; College Retirement Equities Fund | Vice President/Associate General Counsel and Assistant Secretary | 2024–Present | Legal and secretary roles across insurance and fund complexes . |
| TIAA (various roles) | Legal roles (not itemized) | Prior to 2024 (dates not disclosed) | Prior legal positions at TIAA before current appointments . |
External Roles
- No external directorships or committee roles for Jeremy D. Franklin are disclosed in the Fund’s proxy/officer listings reviewed .
Fixed Compensation
| Component | Detail |
|---|---|
| Compensation paid by BXMX | Officers of the Funds “serve without any compensation from the Funds.” The CCO’s compensation is paid by the Adviser; Funds only reimburse an allocable portion of the Adviser’s CCO incentive compensation . |
| Base salary, cash bonus (Fund-level) | Not paid by the Fund; not disclosed in the Fund proxy (officer compensation is at the Adviser level) . |
Performance Compensation
| Incentive type | Metrics/weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Equity or cash incentives from BXMX | Not applicable; Fund officers are not compensated by the Fund. No Fund-level performance metrics or vesting tied to officer pay are disclosed for Jeremy D. Franklin . |
Equity Ownership & Alignment
| Item | Amount / Status | Date/Notes |
|---|---|---|
| BXMX Common Shares outstanding | 104,165,285 | As of February 18, 2025 . |
| Beneficial ownership by Board Members and officers as a group (BXMX) | 6,690 shares | Reported group holdings for BXMX; individual officer holdings (including Jeremy D. Franklin) are not itemized . |
| Group ownership as % of BXMX shares | ~0.006% (6,690 / 104,165,285) | Computed from reported figures; filings state group holdings are less than 1% of outstanding shares for each fund . |
| Share pledging/hedging | Not disclosed for officers in the proxy materials reviewed . | |
| Stock ownership guidelines | A governance principle applies to Board Members (trustees): they are expected to invest at least one year of compensation in the fund complex; this guideline pertains to Board Members, not officers . |
Employment Terms
| Term | Detail |
|---|---|
| Office/Title | Vice President and Assistant Secretary . |
| Start in current role | Since 2024 . |
| Term of office | Indefinite; officers are elected annually by the Board to serve until successors are elected and qualified . |
| Employment agreement | Not described in DEF 14A for officers . |
| Severance / Change-of-control | Not described in DEF 14A for officers . |
| Non-compete / Non-solicit / Clawback | Not described in DEF 14A for officers . |
| Section 16(a) compliance | Fund believes Board Members and officers complied with applicable Section 16(a) requirements in the last fiscal year . |
Investment Implications
- Pay-for-performance linkage at the BXMX fund level is minimal for officers: the Fund pays no officer compensation; any salary, bonus, or equity incentives are at the Adviser (Nuveen/TIAA) and not disclosed in Fund proxies, limiting visibility on performance metrics, vesting, or severance economics .
- Insider selling pressure from vesting is unlikely at the Fund level (no Fund equity awards to officers), and group beneficial ownership in BXMX is de minimis (~0.006%), reducing alignment-driven trading signals tied to officer holdings; individual officer holdings are not itemized in Fund filings .
- Governance/retention risk appears low for this role: the office is annual/indefinite and administrative in nature, with no disclosed change-of-control or severance triggers at the Fund; compensation, retention levers, and any clawbacks reside with the Adviser and are not observable in BXMX filings .
- Compliance posture: Filings indicate Section 16(a) compliance by Board Members and officers, a positive governance indicator with no red flags noted for Jeremy D. Franklin in Fund materials reviewed .