Peter Goldstein
About Peter Goldstein
Peter Goldstein serves as Secretary and Vice President of The Gabelli Convertible and Income Securities Fund Inc. (GCV) and has held officer roles at the Fund since 2020. He was born in 1953. He concurrently serves as General Counsel of GAMCO Investors, Inc. and Chief Legal Officer of Associated Capital Group, Inc. (both since 2021), and previously was General Counsel/Chief Compliance Officer at Buckingham Capital Management, Inc. (2012–2020) and Chief Legal Officer/Chief Compliance Officer at The Buckingham Research Group, Inc. (2012–2020) . As of December 31, 2024, he reported beneficial ownership of 0 GCV common shares . GCV’s proxy includes compensation disclosure for directors and “officers, if any, who were compensated by the Fund rather than the Adviser,” but only directors are listed; historically, the Fund states that officers employed by the Adviser receive no compensation from the Fund .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Buckingham Capital Management, Inc. | General Counsel and Chief Compliance Officer | 2012–2020 | Legal and compliance oversight supporting investment operations |
| The Buckingham Research Group, Inc. | Chief Legal Officer and Chief Compliance Officer | 2012–2020 | Legal and compliance leadership for research and brokerage activities |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GAMCO Investors, Inc. | General Counsel | Since 2021 | Oversees legal affairs for the adviser to the Fund |
| Associated Capital Group, Inc. | Chief Legal Officer | Since 2021 | Leads legal function at affiliated investment platform |
Fixed Compensation
- The 2025 proxy provides a compensation table for directors and “officers, if any, who were compensated by the Fund rather than the Adviser”; only directors are listed. This indicates Fund officers (including the Secretary/Vice President) are not compensated by GCV; compensation is paid by the Adviser/affiliates and not disclosed in the Fund’s proxy .
- Historical proxy language: “Officers of the Fund who are employed by the Adviser receive no compensation or expense reimbursement from the Fund” (context from a prior DEF 14A) .
Performance Compensation
- No Fund-level incentive structures (RSUs/PSUs/options), performance metrics, or vesting schedules are disclosed for Fund officers; the 2025 proxy contains no officer grant tables or plan-based awards (officer compensation is not paid by the Fund) .
- No Fund-level severance, change-in-control, tax gross-ups, clawbacks, or deferred compensation terms are disclosed for Fund officers in the proxy .
Equity Ownership & Alignment
| Metric | Value | As-Of Date |
|---|---|---|
| Beneficial ownership (Common) | 0 shares | December 31, 2024 |
| Percent of shares outstanding | Less than 1% (asterisked per table) | December 31, 2024 |
- The beneficial ownership table shows Goldstein held no GCV common shares as of December 31, 2024; the executive officers as a group held less than 1% of common shares outstanding .
- No disclosures on pledged shares, hedging, ownership guidelines, or compliance with ownership guidelines for Fund officers appear in the proxy .
Employment Terms
| Item | Detail |
|---|---|
| Current GCV role | Secretary and Vice President |
| Service at GCV | Since 2020 |
| Employment contract term/auto-renewal | Not disclosed in the Fund proxy |
| Severance/Change-of-control terms | Not disclosed in the Fund proxy |
| Non-compete/Non-solicit/Garden leave | Not disclosed in the Fund proxy |
| Post-termination consulting | Not disclosed in the Fund proxy |
Investment Implications
- Alignment and selling pressure: With disclosed beneficial ownership of 0 shares, direct equity alignment to GCV is limited, and insider selling pressure from this officer appears negligible at the Fund level .
- Pay-for-performance at the Fund level: Officer compensation is not paid by GCV; thus, no Fund-level performance-linked pay, vesting schedules, or equity incentives apply to Goldstein through the Fund’s compensation program, reducing direct Fund-level incentive alignment but consistent with the externally advised CEF model .
- Retention and CoC visibility: The Fund proxy provides no officer employment agreements, severance, or change-in-control terms, limiting visibility into retention risk and transition economics at the Fund level (compensation terms would reside at the Adviser/affiliates) .
Sources: GCV 2025 Proxy Statement (officers, roles, and ownership; compensation table scope) ; historical proxy language on officer compensation policy .