David DiPetrillo
About David DiPetrillo
David DiPetrillo serves as President of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) and is age 47 . He has been an officer of the Fund since 2019 and became President in 2021 (previously Vice President) . His principal roles at BNY Investments include Vice President and Director of the Investment Adviser since February 2021; Head of North America Distribution since February 2023; and Head of North America Product from January 2018 to February 2023 . He is also an officer of 46 investment companies (comprised of 86 portfolios) managed by the Investment Adviser; Fund officers hold office for an indefinite term and share the Fund’s address at 240 Greenwich Street, New York, NY 10286 . The proxy does not disclose individual officer performance metrics such as TSR, revenue growth, or EBITDA growth .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Investments | Head of North America Product | Jan 2018 – Feb 2023 | Not disclosed |
| BNY Investments | Head of North America Distribution | Feb 2023 – Present | Not disclosed |
| BNY Mellon Investment Adviser, Inc. | Vice President and Director | Feb 2021 – Present | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Investment companies managed by BNY Mellon Investment Adviser, Inc. | Officer of 46 investment companies (86 portfolios) | Ongoing | Fund officer service across 46 investment companies (86 portfolios) |
Fixed Compensation
- The proxy discloses compensation for Directors and Advisory Board members but does not report compensation details (salary, target/actual bonus, equity grants) for Fund officers, including the President .
Performance Compensation
- No officer incentive plan metrics (e.g., revenue growth, EBITDA, TSR-based PSUs), vesting schedules, or payout formulas are disclosed for Fund officers in the proxy .
Equity Ownership & Alignment
| Metric | Detail |
|---|---|
| Total beneficial ownership by Directors and officers (group) | Less than 1% of Common Stock; no RVMTP shares owned (as of June 25, 2025) |
| Individual officer ownership (DiPetrillo) | Not disclosed |
| Vested vs unvested shares | Not disclosed |
| Options (exercisable vs unexercisable) | Not disclosed |
| Shares pledged/hedging | Not disclosed |
| Stock ownership guidelines/compliance | Not disclosed |
Employment Terms
| Term Element | Disclosure |
|---|---|
| Officer term | Indefinite term; serves until successor is elected and qualified |
| Role start | Officer since 2019; President since 2021; previously Vice President |
| Employer/Principal Occupation | Vice President and Director of the Investment Adviser since Feb 2021 |
| Address | 240 Greenwich Street, New York, NY 10286 |
| Non-compete / non-solicit / garden leave | Not disclosed |
| Severance / change-of-control economics | Not disclosed |
| Clawbacks / tax gross-ups | Not disclosed |
| Post-termination consulting | Not disclosed |
Investment Implications
- Pay-for-performance transparency is limited: The Fund’s proxy does not disclose officer compensation structures or performance metrics, preventing assessment of cash vs equity mix, metric weightings, or payout rigor for DiPetrillo .
- Insider selling pressure and alignment: Group beneficial ownership by Directors and officers is less than 1% of Common Stock, implying limited insider-driven trading signals and modest direct equity alignment for officers at the Fund level .
- Retention dynamics: DiPetrillo’s senior roles are anchored at BNY Investments (Head of North America Distribution; prior Head of North America Product; VP/Director of the Investment Adviser), and Fund officer terms are indefinite—retention risk is more tied to BNY employment than Fund-specific contracts, with no severance or change-of-control terms disclosed at the Fund level .
Note: Where the proxy is silent (e.g., officer pay details, performance incentives, vesting schedules, pledging/hedging, severance/change-of-control), items are omitted per disclosure. All information is drawn from the latest DMB DEF 14A proxy filing .