Dianna Wengler
About Dianna Wengler
Dianna P. Wengler is Vice President of DNP Select Income Fund Inc. since 2006 and Assistant Secretary since 1988; she also serves as Vice President and Assistant Secretary of DTF Tax-Free Income 2028 Term Fund Inc. since 2014. She is Age 64 and is Senior Vice President and Director—Fund Administration at Robert W. Baird & Co. Incorporated (since 2019), following senior roles at J.J.B. Hilliard, W.L. Lyons, LLC (1990–2019). Officers of the Funds receive no compensation from the Funds; compensation is paid by the Adviser or Fund administrators (Baird for DNP/DTF), and officer employment is governed via annual election by the Board rather than individual fund contracts .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Robert W. Baird & Co. Incorporated | Senior Vice President and Director—Fund Administration | 2019–present | Not disclosed |
| J.J.B. Hilliard, W.L. Lyons, LLC | Senior Vice President (2016–2019); Vice President (1990–2015) | 1990–2019 | Not disclosed |
| Duff & Phelps Utility and Corporate Bond Trust Inc. (DUC) | Vice President and Assistant Secretary | 2014–2021 | Not disclosed |
| DNP Select Income Fund Inc. | Vice President (since 2006); Assistant Secretary (since 1988); Assistant Vice President (2004–2006) | 1988–present | Not disclosed |
| DTF Tax-Free Income 2028 Term Fund Inc. | Vice President and Assistant Secretary | 2014–present | Not disclosed |
External Roles
No public-company directorships or external board roles are disclosed in officer biographies or the proxy for officers .
Fixed Compensation
| Item | Detail |
|---|---|
| Compensation from DNP/DPG/DTF | Officers receive no compensation from the Funds; they are employees of the Adviser or Fund administrators (Baird for DNP/DTF; Virtus Fund Services for DPG) . |
| Base salary, target bonus, actual bonus | Not disclosed by the Funds (paid by employer Baird/Virtus Fund Services, not reported in the proxy) . |
| Cash retainers or fees from Funds | None for officers (director fee framework applies to directors only) . |
Performance Compensation
| Component | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Fund-linked performance awards (RSUs/PSUs/options) | Not applicable for officers | — | — | — | — | — |
- The Funds do not report any stock awards, option awards, or performance-based compensation for officers; compensation is paid by their employer organizations and not disclosed in the Fund proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual ownership (Wengler) | Not individually disclosed in the proxy; officer biographies list positions and employment, not personal Fund share holdings . |
| Group ownership | Directors and executive officers as a group held less than 1% of the outstanding common stock of each Fund as of Nov 30, 2024 . |
| Preferred stock ownership | Directors, director nominees, and executive officers held no preferred shares of any Fund as of Nov 30, 2024 . |
| Pledging/hedging | No pledging or hedging by Wengler is disclosed in the proxy . |
| Ownership guidelines | Not disclosed for officers . |
Employment Terms
| Term | Detail |
|---|---|
| Officer election and term | Officers are elected at the annual Board meeting held in connection with the annual meeting of shareholders; they receive no compensation from the Funds in their officer capacities . |
| Employer and compensation source | Wengler is an employee of Robert W. Baird & Co. Incorporated (administrator for DNP and DTF) and compensated in that capacity, not by the Funds . |
| Severance/change-of-control | Not disclosed for officers; Funds do not describe officer severance or change-of-control economics in the proxy . |
| Clawbacks/gross-ups | Not disclosed for officers . |
| Non-compete/non-solicit/garden leave | Not disclosed for officers . |
| Section 16 compliance | Proxy reports overall compliance for the most recent year, with no exceptions noted for DNP; one late Form 3 for a DTF officer (Philip H. Hooks) is noted, unrelated to Wengler . |
Investment Implications
- Compensation alignment at the Fund level is minimal for Wengler: officers are not compensated by DNP/DPG/DTF, and no fund-linked equity or option awards are reported, limiting direct pay-for-performance levers tied to Fund TSR or NAV metrics .
- Retention risk and incentives arise at the employer level (Baird), not the Funds; absent Fund-disclosed severance, vesting schedules, or change-of-control terms, trading signals related to insider selling pressure or award vesting do not apply to Fund officer roles .
- Ownership alignment is not individually disclosed for Wengler; with group holdings under 1% and no preferred stock holdings by directors/executive officers, governance indicates limited insider economic exposure at the Fund level, reducing insider-driven trading signals .
- Governance and continuity: Wengler’s long tenure as Assistant Secretary since 1988 and VP since 2006 suggests operational continuity in fund administration; officer roles are appointed annually, and administration is anchored by Baird, which supports process stability rather than performance-linked incentives .