Laurissa M. Martire

About Laurissa M. Martire

Laurissa M. Martire serves as Vice President and Ombudsman of The GDL Fund and has held this officer role since 2018; she is also Senior Vice President of GAMCO Investors, Inc. since 2019 . Year of birth: 1976; office address: One Corporate Center, Rye, NY 10580-1422 . Principal occupation disclosure consistently describes her role across the Gabelli Fund Complex’s closed-end funds . No fund TSR, revenue growth, EBITDA growth, or performance-linked pay metrics for Martire are disclosed in the proxies reviewed .

Past Roles

• Note: The 2022 proxy references “other positions (1999–2019)” at GAMCO, indicating earlier tenure in adviser roles than the 2023 proxy’s “2003–2019” phrasing .

External Roles

• No external public-company directorships for Martire are disclosed in the officer biographies across the proxies reviewed; officer entries list principal occupations only and do not include “Other Directorships,” which appears only in trustee tables .

Fixed Compensation

• The proxy compensation tables expressly cover “officers, if any, who were compensated by the Fund rather than the Adviser,” indicating these amounts reflect Fund-paid compensation and not total compensation from GAMCO/adviser affiliates .

Performance Compensation

• No base salary, target bonus %, actual bonus, RSU/PSU grants, option awards, performance metric weightings/targets, vesting schedules, severance multiples, change-of-control triggers, clawback provisions, or tax gross-ups are disclosed for Martire in the DEF 14A proxies reviewed; only aggregate Fund-paid officer compensation is presented .
• For closed-end funds in the Gabelli Fund Complex, officers are typically employees of the adviser; proxies do not provide adviser-level pay components or performance metrics for Fund officers .

Equity Ownership & Alignment

• Beneficial ownership tables list trustees and certain executive officers; Martire does not appear in the executive officer ownership lines for 2021, 2022, 2023, or 2024, and no specific holdings for her are disclosed in these tables .
• Ownership as % of shares outstanding, pledged shares, exercisable/unexercisable options, and stock ownership guideline compliance are not disclosed for Martire in the proxies reviewed .

Employment Terms

• No employment agreement, term length, non-compete/non-solicit, severance multiples, change-of-control (single/double trigger, accelerated vesting), deferred compensation, pension/SERP, or perquisites are disclosed for Martire in the DEF 14A proxies reviewed for GDL; officer disclosures are limited to role description and aggregate Fund-paid compensation .

Investment Implications

• Pay-for-performance alignment: Fund disclosures show only cash compensation paid by the Fund and do not include incentives or performance metrics for Martire; absent equity grants or explicit targets/thresholds, her Fund-level compensation appears non-performance-linked in disclosed materials .
• Ownership alignment and selling pressure: Martire is not individually listed in the executive officer beneficial ownership tables for 2021–2024, and no share/option holdings, pledging, or hedging details are disclosed—suggesting limited visibility into any personal alignment or potential insider-related selling pressure from her position at GDL based on proxy-disclosed data .
• Retention/continuity: Continuous service as Vice President and Ombudsman since 2018 and concurrent senior role at the adviser since 2019 indicate stability in her role within the Gabelli Fund Complex organizational structure .
• Governance context: Officer functions are overseen within a board structure emphasizing compliance and risk management through regular reporting and executive sessions; compensation specifics for Fund officers remain limited to aggregate amounts, consistent with RIC/closed-end fund practice .