Daniel Lindquist
About Daniel Lindquist
Daniel J. Lindquist (year of birth: 1970) serves as Vice President of First Trust Intermediate Duration Preferred & Income Fund (FPF) with an indefinite term; he has held the Vice President role across First Trust funds since December 12, 2005 and is a Managing Director at First Trust Advisors L.P. and First Trust Portfolios L.P. . The fund proxy provides role and tenure detail but does not include education or a broader biography beyond principal occupation in the last five years . Fund-level compensation/performance frameworks are not attributed to executive officers in the proxy; executive officers receive no compensation from the Funds (they are paid by the Advisor), and the proxy does not disclose TSR/revenue/EBITDA metrics tied to individual officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| First Trust Advisors L.P.; First Trust Portfolios L.P. | Managing Director | Past 5 years (ongoing) | Senior leadership at the Advisor; serves as Vice President of the Funds since 2005 . |
External Roles
- No external directorships or outside roles are disclosed for Daniel J. Lindquist in the fund proxy materials reviewed .
Fixed Compensation
- Executive officers (including the Vice President role held by Daniel J. Lindquist) receive no compensation from FPF; trustee fee schedules are disclosed, but officer compensation is paid by First Trust Advisors and not detailed in the fund proxy .
Performance Compensation
- No stock, option, RSU/PSU, or performance-based awards are disclosed by the Fund for executive officers; no individual performance metrics, targets, or payout structures are provided for officers in the proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual holdings (Daniel J. Lindquist) | Not individually disclosed in proxy tables; only trustees are itemized . |
| Group ownership (Trustees and executive officers as a group) – FPF | 1,969 shares as of Dec 31, 2024 (<1% of outstanding) . |
| Shares outstanding – FPF (Record Date Feb 19, 2025) | 60,847,827 . |
| Pledging/hedging | Not disclosed for executive officers in the proxy reviewed . |
| Ownership guidelines | A holdings guideline exists for Independent Trustees (target at least one year’s retainer within 3 years); no officer ownership guideline disclosed . |
Employment Terms
- Term and removal: Officers (including Vice Presidents) serve indefinite terms until resignation/removal; Trustees may remove any officer with or without cause by majority vote .
- Duties: In the absence/disability of the President, a designated Vice President may perform the President’s duties; Vice Presidents perform duties assigned by the Trustees or President .
- Contracts/severance/change-of-control: No employment agreements, severance multiples, change-of-control triggers, accelerated vesting, clawbacks, or tax gross-ups are disclosed for fund executive officers in the proxy .
Investment Implications
- Alignment and trading signals: With officer compensation paid by the Advisor and not disclosed at the fund level, and with only group-level share ownership (<1% for trustees and executive officers combined), there is limited evidence of direct pay-for-performance alignment or insider trading signals tied specifically to Daniel J. Lindquist in fund disclosures .
- Retention/contract risk: Officer roles are “at-pleasure” under the By-Laws (removable by Trustees), and no severance/CIC protections are disclosed at the fund level—implying limited fund-level retention economics or entrenchment for officers .
- Governance structure: The unitary board structure centralizes oversight across the First Trust fund complex; executive officers serve indefinite terms and are not compensated by the Funds, concentrating compensation design and incentives at the Advisor rather than at the fund, which limits fund-level levers linking officer pay to FPF-specific outcomes .