David DiPetrillo
About David DiPetrillo
David DiPetrillo serves as President and Principal Executive Officer of BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM). He is age 47 and has been an officer of the fund complex since 2019, with the President title specifically since 2021; he signed DSM’s regulatory certifications as President/PEO on July 21, 2025 . His current remit includes Vice President and Director of BNY Mellon Investment Adviser, Inc. (since Feb 2021), Head of North America Distribution for BNY Investments (since Feb 2023), and previously Head of North America Product (Jan 2018–Feb 2023) . The proxies do not disclose executive performance metrics (TSR, revenue growth, EBITDA growth) or officer-specific pay frameworks for DSM’s officers; compensation disclosures focus on Board members and advisory Board roles rather than fund officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Mellon Investment Adviser, Inc. | Vice President and Director | Feb 2021–present | Oversees fund complex operations; officer across the complex |
| BNY Investments | Head of North America Distribution | Feb 2023–present | Leads North America distribution strategy for BNY Investments |
| BNY Investments | Head of North America Product | Jan 2018–Feb 2023 | Led product strategy/management across North America |
| BNY Mellon Family of Funds / DSM | Officer since 2019; President since 2021 | 2019–present | President/PEO; signed fund reports and certifications |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Mellon Family of Funds (complex-wide communications) | President (signature on combined proxies) | 2025 | Presides in fund complex communications; signed combined proxy materials |
Fixed Compensation
- DSM’s proxy compensation disclosures address Board member and advisory Board compensation; there is no executive officer compensation table for fund officers. The Compensation Committee’s function is to establish compensation for serving on the Board; neither Fund maintains a bonus, pension, profit-sharing, or retirement plan for Directors. Officer compensation (as employees of the investment adviser) is not disclosed in DSM’s proxies .
Performance Compensation
- No disclosure of officer incentive structures (RSUs/PSUs, options, performance metrics, vesting schedules) exists in DSM’s proxies; performance-related pay frameworks and targets for officers are not provided (disclosures focus on Board compensation only) .
Equity Ownership & Alignment
| Category | As-of Date | Detail |
|---|---|---|
| Officer/Director fund share ownership (DSM and related Fund) | Aug 22, 2025 | None of the Nominees, Continuing Directors, or officers owned any Common Stock or VMTP Shares |
| Officer/Director fund share ownership (DSM) | Apr 10, 2025 | None of the Directors or officers owned any Common Stock or VMTP Shares |
| Ownership of Investment Adviser or affiliates (Directors and immediate family members) | Dec 31, 2024 | None of the Directors or immediate family members owned securities of the Investment Adviser or entities controlling/controlled by it |
| Ownership of Investment Adviser or affiliates (Nominees/Continuing Directors and immediate family members) | Aug 22, 2025 | None of the Nominees/Continuing Directors or immediate family members owned securities of the Investment Adviser or affiliates (other than registered investment companies) |
- Section 16(a) compliance: DSM reports timely filings for applicable persons for FY 2024 except administrative Form 3 delays for two officers (Lisa M. King and Roberto G. Mazzeo) and a delayed Form 4 for Bank of America Corp.; no exceptions cited for DiPetrillo .
Employment Terms
| Term | Detail |
|---|---|
| Officer term | Officers hold office for an indefinite term until a successor is elected and qualified |
| President tenure | Fund officer since 2019; President title since 2021 |
| Principal Executive Officer | Yes; signed DSM’s N-CSR certifications as President (PEO) on July 21, 2025 |
| Address | 240 Greenwich Street, New York, NY 10286 (address of officers) |
| Non-compete / non-solicit | Not disclosed in DSM documents |
| Severance / change-of-control | Not disclosed in DSM documents |
| Clawbacks / hedging / pledging | Not disclosed for officers; no officer fund share ownership disclosed (see alignment table) |
Investment Implications
- Pay-for-performance visibility: DSM’s proxies do not disclose officer compensation frameworks, metrics, or vesting; this limits analysis of DiPetrillo’s direct pay alignment with fund performance. Board compensation is transparent, but officer pay is handled at the investment adviser and is not reported at the fund level .
- Alignment and selling pressure: With no officer ownership of DSM shares and no disclosed officer equity awards, insider selling pressure is minimal; however, the absence of personal fund ownership reduces direct economic alignment with DSM’s discount/NAV dynamics .
- Retention risk: DiPetrillo’s multi-fund leadership roles (VP/Director at the adviser; Head of North America Distribution; prior Head of Product) and indefinite officer term suggest institutional continuity; no severance or change-of-control terms are disclosed at the fund level to assess retention economics .
- Governance and compliance: DiPetrillo acts as Principal Executive Officer and signs Sarbanes–Oxley certifications, indicating accountability for controls and reporting. Section 16(a) compliance issues noted do not involve DiPetrillo; administrative lapses referenced pertain to other officers and Bank of America Corp. .
- Trading signals: The lack of officer share ownership and undisclosed incentive metrics lowers the probability of insider-driven trading catalysts. Shareholder dynamics, including significant stakes by activists or institutional holders, may be more impactful for DSM’s trading than officer actions; for context, Saba Capital held >8–10% stakes in 2024–2025 across the related funds, though this relates to fund shareholder base rather than officer incentives .