David Lamb
Chief Administrative Officer (Principal Executive Officer) at Nuveen Dow 30sm Dynamic Overwrite Fund
Executive
About David J. Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) of the Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX), with an indefinite term and service since 2015; his year of birth is 1963 and his principal office is 333 West Wacker Drive, Chicago, IL 60606 . He is a Senior Managing Director of Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; and Nuveen, with these roles listed as his principal occupations during the past five years . Officers of the Fund receive no compensation from the Fund (compensation for the Fund’s CCO is paid by the Adviser and partially reimbursed by the Fund), limiting disclosure of pay-for-performance metrics tied to DIAX filings . DIAX’s Form N‑PX for the year ended June 30, 2025 was signed by David Lamb as Chief Administrative Officer, confirming his current role .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) | Chief Administrative Officer (Principal Executive Officer) | Since 2015 | Principal Executive Officer designation; officer elected annually to serve until successors are elected and qualified |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Past 5 years | Senior leadership at DIAX’s Adviser |
| Nuveen Securities, LLC | Senior Managing Director | Past 5 years | Senior leadership within Nuveen distribution platform |
| Nuveen | Senior Managing Director | Past 5 years | Senior leadership across Nuveen affiliates |
Fixed Compensation
- Officers of the Fund receive no compensation from DIAX; compensation for the Fund’s Chief Compliance Officer (CCO) is composed of base salary and incentive compensation paid by the Adviser, with the Fund reimbursing an allocable portion of the Adviser’s cost of the CCO’s incentive compensation .
- DIAX’s proxy does not disclose David Lamb’s base salary, target bonus, or actual bonus; these are set and paid at the Adviser level and are not reported in DIAX filings .
| Item | Disclosure | Amount/Terms | Source |
|---|---|---|---|
| Compensation paid by DIAX to officers | Officers receive no compensation from DIAX | $0 from DIAX | |
| CCO compensation structure | Base salary + incentive, paid by Adviser; Fund reimburses portion | Terms not specific to Lamb | |
| David Lamb base salary | Not disclosed in DIAX filings | N/A | |
| Target/actual bonus (Lamb) | Not disclosed in DIAX filings | N/A |
Performance Compensation
- DIAX filings do not disclose performance metrics (e.g., revenue growth, EBITDA, TSR percentiles) tied to officer compensation for David Lamb; the Fund indicates officers are not compensated by DIAX and provides no adviser-level incentive metric detail .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Officer incentive metrics (Adviser-level) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
- Section 16 filings within DIAX’s EDGAR index show Form 3s for certain officers (e.g., Nazar Suschko, Robert Tanner) stating “No securities are beneficially owned”; no Form 3/4 for David Lamb is identified in the DIAX document list returned, and DIAX proxies list “Fund Shares Owned by Board Members and Officers” at a group level without individual officer detail, limiting visibility into Lamb’s personal holdings .
- DIAX proxies do not disclose pledging, hedging, or officer stock ownership guidelines for David Lamb; these governance details are not presented for Fund officers .
| Item | Status | Detail |
|---|---|---|
| Section 16 beneficial ownership (David Lamb) | Not disclosed in DIAX filings | No Form 3/4 for Lamb found in DIAX documents returned; N‑PX shows his officer role |
| Officer holdings disclosure granularity | Group totals only | “Fund Shares Owned by Board Members and Officers” provided at aggregate level; individual officer positions not itemized |
| Pledged shares | Not disclosed | No pledging disclosure for officers in DIAX proxy |
| Ownership guidelines (officers) | Not disclosed | No officer ownership policy detail in DIAX proxy |
Employment Terms
| Term | Disclosure | Detail |
|---|---|---|
| Title | Disclosed | Chief Administrative Officer (Principal Executive Officer) |
| Term of office | Disclosed | Indefinite; officers elected annually and serve until successors are elected and qualified |
| Start date in role | Disclosed | Service since 2015 |
| Employment agreement | Not disclosed | No employment agreement terms for officers in DIAX proxy |
| Severance/change-of-control | Not disclosed | No severance or change-of-control economics disclosed for officers in DIAX filings searched |
| Non-compete/non-solicit | Not disclosed | Not presented in DIAX proxy |
| Garden leave/consulting post-termination | Not disclosed | Not presented in DIAX proxy |
Investment Implications
- Pay-for-performance assessment at the DIAX level is not possible for David Lamb because officers receive no compensation from the Fund and adviser-level pay metrics are not disclosed in DIAX filings, reducing transparency into incentive alignment with Fund performance .
- Alignment signals are limited: proxies present only aggregate “Board Members and Officers as a Group” ownership across the fund complex, with no individual officer positions, and Section 16 examples for other officers indicate no beneficial ownership; no pledging/hedging or officer ownership guidelines are disclosed for Lamb .
- Retention and continuity indicators: Lamb has served since 2015 with an indefinite term as Principal Executive Officer, suggesting continuity; however, absence of disclosed severance/change-of-control terms limits analysis of retention economics or exit costs .
- Trading signals appear minimal from governance/insider angles: no disclosed insider selling pressure, option awards, or vesting schedules tied to DIAX; monitor future Section 16 filings and adviser-level disclosures for any emergence of individual holdings or incentive plan changes that could alter alignment or selling dynamics .