Daniel Lindquist
About Daniel Lindquist
Daniel J. Lindquist (born 1970) serves as Vice President of First Trust Senior Floating Rate Income Fund II (FCT) and has held this role since December 2005, with an indefinite term. He is a Managing Director at First Trust Advisors L.P. and First Trust Portfolios L.P., and is listed among the executive officers of the Fund complex; the proxy does not attribute fund-level TSR, revenue, or EBITDA performance metrics to executive officers and states they receive no compensation from the Funds for serving in these capacities .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| First Trust Advisors L.P.; First Trust Portfolios L.P. | Managing Director | Past 5 years (per proxy) | Not disclosed in FCT filings |
| First Trust Senior Floating Rate Income Fund II (FCT) | Vice President | Since December 2005 (indefinite term) | Not disclosed in FCT filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in FCT proxy | — | — | — |
Fixed Compensation
Executive officers (including Lindquist) receive no compensation from the Funds for serving in these capacities; compensation, if any, is paid by the Advisor and is not disclosed in FCT’s proxy.
| Component | 2024 | 2025 | Notes |
|---|---|---|---|
| Base salary | Not disclosed | Not disclosed | Executive officers receive no compensation from the Funds |
| Target bonus % | Not disclosed | Not disclosed | Not disclosed in FCT filings |
| Actual bonus paid | Not disclosed | Not disclosed | Not disclosed in FCT filings |
| Cash retainer | Not applicable | Not applicable | Applies to Independent Trustees, not executive officers |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| RSUs/PSUs | Not disclosed | — | — | — | — | — |
| Options | Not disclosed | — | — | — | — | — |
| Annual incentive | Not disclosed | — | — | — | — | — |
| Long-term plan | Not disclosed | — | — | — | — | — |
The proxy includes no disclosure of performance metrics tied to executive compensation (e.g., revenue, EBITDA, TSR) for executive officers; executive compensation is not paid by the Funds and is not reported in FCT’s proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| FCT Shares Outstanding (Record Date: Jul 11, 2025) | 25,983,388 |
| Individual beneficial ownership (Daniel Lindquist) | Not disclosed in proxy |
| Group beneficial ownership (Trustees, Nominees, and executive officers) | 1,166 FCT shares as a group; less than 1% of FCT outstanding |
| Shares pledged as collateral | Not disclosed in proxy |
| Ownership guidelines | Policy applies to Independent Trustees; not to executive officers |
Employment Terms
| Term | Detail |
|---|---|
| Current role | Vice President, FCT |
| Start date in current role | Elected December 2005 |
| Term length | Indefinite |
| Contract term/expiration | Not disclosed in proxy |
| Severance provisions | Not disclosed in proxy |
| Change-of-control provisions | Not disclosed in proxy |
| Clawback, non-compete, non-solicit | Not disclosed in proxy |
Investment Implications
- Compensation alignment cannot be assessed from FCT filings: executive officers receive no compensation from the Funds and advisor-paid compensation is not disclosed, limiting pay-for-performance analysis and visibility into incentive levers (e.g., TSR, revenue, EBITDA metrics) .
- Ownership alignment appears modest at the aggregate level (Trustees, Nominees, and executive officers collectively own 1,166 FCT shares, <1% of outstanding), and there is no individual ownership disclosure for Lindquist, which reduces transparency into personal “skin-in-the-game” and potential selling pressure .
- Tenure and role stability are clear (Vice President since December 2005; indefinite term), but employment contract economics (severance, CoC triggers, vesting acceleration, pledging/hedging policies) are not disclosed, limiting retention-risk and governance assessment from Fund filings .
Bottom line: FCT’s proxy provides Lindquist’s role, tenure, and executive-officer status but does not disclose advisor-paid compensation, performance incentives, or individual ownership. Additional diligence would require advisor-level disclosures or Form 4 data to evaluate compensation alignment, retention risk, and trading signals.