Kathleen Hegyi
About Kathleen Hegyi
Kathleen L. Hegyi is Chief Compliance Officer (CCO) of DNP and the affiliated funds, serving as an officer since October 2022; she is age 57 in the latest proxy and concurrently serves as Managing Director and CCO of Duff & Phelps Investment Management Co. (the Adviser) since 2022, following 12 years as Senior Compliance Officer at William Blair & Company (2010–2022) . Officers of the Funds receive no compensation from the Funds and are compensated in their capacities at the Adviser or administrators, so fund-level pay-for-performance metrics (TSR, revenue, EBITDA) are not applicable for Hegyi in these disclosures .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| William Blair & Company, L.L.C. | Senior Compliance Officer | 2010–2022 | Led compliance responsibilities at a multi-line financial services firm |
| Duff & Phelps Investment Management Co. (Adviser) | Managing Director, Chief Compliance Officer | 2022–present | Heads Adviser’s compliance function; role underpins fund compliance oversight |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Duff & Phelps Utility & Infrastructure Fund Inc. (DNP) | Chief Compliance Officer (Fund Officer) | Since Oct 2022 | Fund officer; supports oversight and compliance for the Funds |
Fixed Compensation
Officers receive no direct compensation from the Funds; they are compensated as employees or officers of the Adviser or administrators.
| Component | DNP/Funds | Adviser/Administrator | Notes |
|---|---|---|---|
| Base salary | $0 from the Funds | Not disclosed in fund proxy | “The officers receive no compensation from the Funds” |
| Target/actual bonus | $0 from the Funds | Not disclosed in fund proxy | No fund-level bonuses disclosed for officers |
| Equity awards (RSUs/PSUs/options) | None from the Funds | Not disclosed in fund proxy | Equity compensation, if any, would be under Adviser policies (not in fund proxy) |
Performance Compensation
No performance-based pay (bonuses, RSUs/PSUs, option awards, or performance metric weightings/targets) is disclosed for officers at the Fund level; officers are paid by the Adviser and such details are not included in the Fund proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership (Hegyi) | Not individually disclosed in the shareholder tables; only directors and nominees are listed by name |
| Officers and directors as a group (DNP) | 223,267 shares of DNP common stock; group holdings represent less than 1% of DNP outstanding shares (as stated in proxy) |
| Shares outstanding reference (record date) | DNP had 370,030,932 common shares outstanding as of Dec 6, 2024 (record date) |
| Pledging/hedging policy | No specific officer pledging/hedging policies disclosed in the proxy sections reviewed |
| Stock ownership guidelines (officers) | Not disclosed in the fund proxy; director compensation is disclosed separately, but not officer ownership guidelines |
Employment Terms
| Term | Detail |
|---|---|
| Fund officer start date | Chief Compliance Officer of DNP since October 2022 |
| Adviser role start date | Managing Director, Chief Compliance Officer of the Adviser since 2022 (noted as 2022; earlier proxies specify August 2022) |
| Contract term, severance, change-of-control | Not disclosed in fund proxy (officers are employed by the Adviser; fund does not disclose their employment contracts) |
| Non-compete/non-solicit/garden leave | Not disclosed in fund proxy |
| Clawbacks/tax gross-ups | Not disclosed in fund proxy |
Investment Implications
- Alignment signals: Fund-level disclosures indicate officers receive no compensation from the Funds and do not include officer-specific ownership or pay-for-performance detail, limiting direct alignment assessment for Hegyi at the Fund level; any incentives reside within the Adviser’s compensation framework, which is not detailed in the fund proxy .
- Insider selling pressure: The proxy reports aggregate director and officer ownership of less than 1% of DNP outstanding shares and does not list Hegyi individually, suggesting limited potential for officer-driven fund share overhang from the group as a whole based on disclosed holdings .
- Data gaps and risk flags: No pledging/hedging policies or officer employment economics (severance, change-of-control) are disclosed in the fund proxy; absence of such detail reduces visibility into retention risk or compensation alignment levers at the Adviser level and yields no fund-level red flags specific to Hegyi in the reviewed sections .
- Role context: As CCO since October 2022 with extensive prior compliance experience, Hegyi’s impact is primarily governance and controls rather than portfolio performance drivers; trading signals tied to her personal compensation or ownership are not inferable from fund proxies and would require Adviser-level disclosures not present here .