Carter W. Austin

About Carter W. Austin

Carter W. Austin (born 1966) serves as Vice President and Ombudsman of The Gabelli Multimedia Trust Inc. and has held officer roles within the Gabelli closed-end fund complex since 2010; he is also Senior Vice President of Gabelli Funds, LLC since 2015 . The proxy does not disclose his education, and it does not present TSR, revenue, or EBITDA performance metrics tied to his role .

Past Roles

External Roles

• No external directorships or outside roles are disclosed in the proxy for Carter W. Austin .

Fixed Compensation

Multi-year compensation paid by the Fund (no breakdown by base salary vs. bonus is provided; the Fund reports aggregate officer compensation only):

Note: The proxy lists aggregate compensation for this officer and does not disclose base salary, target bonus, or actual bonus components .

Performance Compensation

• No stock awards (RSUs/PSUs), options, or incentive metric weighting (revenue growth, EBITDA, TSR, ESG) are disclosed for Carter W. Austin; the proxy only provides a single aggregate compensation line item for this officer .
• No vesting schedules, retention or sign-on bonuses, clawbacks, tax gross-ups, deferred compensation, pension/SERP, or perquisites are disclosed for this officer .

Equity Ownership & Alignment

• Carter W. Austin is not listed in the executive officers’ beneficial ownership table; the table includes other officers (John C. Ball, Peter Goldstein, Richard J. Walz), suggesting no reportable beneficial ownership for Austin under Rule 13d‑3 at the dates shown .
• The proxy does not disclose shares pledged, hedging activity, options held, or ownership guideline compliance for Carter W. Austin .

Employment Terms

• Role and tenure: Vice President and Ombudsman since 2010 for the Fund and within the closed-end fund complex; Senior Vice President at Gabelli Funds, LLC since 2015 .
• Officer terms: Officers hold office for an indefinite term until resignation/retirement or until a successor is elected and qualified .
• The proxy does not disclose an employment agreement, severance provisions, change-of-control terms (single/double trigger, multiples, accelerated vesting), non-compete/non-solicit, garden leave, or consulting arrangements for Carter W. Austin .

Governance and Related Signals

• Section 16(a) compliance: The Fund indicates applicable persons complied in 2024, with one late Form 4 attributed to Director John Birch; no issues are noted for officers like Austin . The Fund reported compliance in 2023 without naming officer exceptions .
• Compensation oversight: The Board operates multi-fund ad hoc compensation committees that govern compensation of certain closed-end fund officers and the Chief Compliance Officer across the complex, indicating centralized oversight of officer pay frameworks .

Investment Implications

• Pay-for-performance alignment: Absence of disclosed incentive metrics, equity awards, or options suggests Austin’s compensation is primarily cash-based and operational, limiting direct alignment with shareholder returns (NAV/TSR) at the fund level .
• Insider selling pressure: Lack of reportable beneficial ownership and no Section 16 filing issues for Austin reduce near-term insider selling/pledging risk signals tied to his position .
• Retention risk: Long tenure (officer since 2010; senior leadership at the adviser since 2015) and consistent annual compensation paid by the Fund point to stability; however, the absence of disclosed severance/CoC protections makes retention incentives opaque .
• Governance: Multi-fund compensation committee oversight supports consistent officer pay governance across the complex, but limited transparency on Austin’s specific pay structure, targets, and equity participation constrains assessment of incentive alignment with fund outcomes .