John Kenney
About John Kenney
John Kenney is President of Allspring Income Opportunities Fund (EAD) since 2025 and concurrently serves as President & CEO of Allspring Funds Management, LLC (the Fund’s adviser) since 2025 and Head of Strategic Initiatives at Allspring Global Investments since 2022 . Year of birth: 1965 . Prior experience includes board and senior strategic roles in asset management (Principal Funds; Legg Mason), indicating a background in affiliate strategy and corporate development . The Fund’s proxy does not disclose TSR, revenue growth, or EBITDA metrics tied to his role; officers are paid by the adviser and not by the Fund, and no officer-specific performance metrics are provided .
Past Roles
| Organization | Role | Years | Source |
|---|---|---|---|
| Legg Mason Global Asset Management | Managing Director, Corporate Strategy & Business Development | 2014–2015 | |
| Legg Mason Global Asset Management | EVP & Global Head of Affiliate Strategic Initiatives | 2015–2020 | |
| Allspring Global Investments | Head of Strategic Initiatives | 2022–present | |
| Allspring Funds Management, LLC | President & CEO | 2025–present |
External Roles
| Organization | Role | Years | Source |
|---|---|---|---|
| Principal Funds | Independent Board Member | 2020–2022 |
Fixed Compensation
Officers (including the President) did not receive any compensation or expense reimbursement from EAD; compensation is borne by the adviser (Allspring Funds Management or its affiliate). The proxy does not disclose base salary, bonus targets, or other cash compensation for Fund officers.
| Component | 2025 Disclosure | Source |
|---|---|---|
| Base salary | Not disclosed (officer compensation borne by adviser, not EAD) | |
| Target bonus % | Not disclosed | |
| Actual bonus paid | Not disclosed | |
| Perquisites | Not disclosed |
Performance Compensation
The Fund does not report officer equity or performance awards; no metrics, weightings, targets, vesting, or payouts are disclosed for Fund officers.
| Metric | Weighting | Target | Actual | Payout | Vesting | Source |
|---|---|---|---|---|---|---|
| — | — | — | — | — | — | Not disclosed for Fund officers |
Equity Ownership & Alignment
- Individual officer ownership (including Kenney) is not itemized. As of June 10, 2025, officers and Trustees of the Fund as a group beneficially owned in aggregate less than 1% of Shares outstanding; EAD had 59,092,336 Shares outstanding on that date .
- Forms 3/4/5 for officers and Trustees may be accessed via Allspring’s website, but specific officer holdings are not tabulated in the proxy .
| Item | Disclosure | Source |
|---|---|---|
| Total beneficial ownership – officers & Trustees (group) | <1% of outstanding Shares (59,092,336 outstanding as of 6/10/2025) | |
| Officer-specific (Kenney) beneficial ownership | Not disclosed | |
| Vested vs. unvested breakdown | Not disclosed | |
| Options – exercisable/unexercisable | Not disclosed | |
| Shares pledged as collateral | Not disclosed | |
| Stock ownership guidelines for officers | Not disclosed | |
| Section 16 filings access | “Forms 3, 4, and 5 … may be accessed at www.allspringglobal.com.” |
Employment Terms
- Fund officer appointments are listed; contract terms, severance, and change‑of‑control economics are not disclosed by the Fund.
| Term | Disclosure | Source |
|---|---|---|
| Fund role | President (since 2025) | |
| Employment start date at EAD | 2025 | |
| Contract term/expiration | Not disclosed | |
| Severance multiples | Not disclosed | |
| Change-of-control (single/double trigger) | Not disclosed | |
| Accelerated vesting | Not disclosed | |
| Clawback provisions | Not disclosed | |
| Non-compete / non-solicit | Not disclosed | |
| Post-termination consulting | Not disclosed |
Additional Governance Context (Board-level; not specific to Kenney)
- EAD’s Board is fully independent; standing committees include Nominating & Governance and Audit; committee leadership and meeting cadence are disclosed (e.g., 8 regular, 2 special Board meetings; 5 Nominating & Governance; 7 Audit in the last fiscal year) .
- Trustees’ compensation from the Fund and the Fund Complex is disclosed, but officer pay is not (paid by adviser) .
Investment Implications
- Compensation transparency: EAD’s proxies state Fund officers receive no compensation from the Fund, and do not disclose officer cash/equity details or performance metrics; hence, pay-for-performance linkage and vesting-related supply/demand signals (e.g., RSU/option vests) for Kenney are not observable at the Fund level .
- Insider trading/ownership signals: Individual officer holdings (including Kenney) are not enumerated; only an aggregate <1% group figure is provided, limiting alignment and selling-pressure analysis from Fund filings. Monitoring Section 16 filings (Forms 3/4/5) via the adviser’s portal is necessary for trade-level signals .
- Retention/contract risk: The proxy provides no officer employment terms (severance, change-of-control, clawbacks), leaving retention and CoC economics opaque in Fund disclosures .
- Analytical focus: For trading and governance signals in EAD, emphasis should shift to Board oversight structure, adviser/sub-adviser performance and decisions, and distribution/portfolio actions, rather than officer compensation mechanics, given the Fund’s disclosure framework .