Andrew French
About Andrew French
Andrew R. French (year of birth: 1962) serves as Secretary of PGIM Global High Yield Fund, Inc. (NYSE: GHY) and has been a Fund Officer since inception; his principal roles over the past five years include Vice President and Assistant Secretary of PGIM Investments LLC and Prudential Mutual Fund Services LLC, and Secretary across PGIM Retail, Prudential Annuities, and PGIM Alternatives funds . The Fund’s proxy materials do not disclose education or compensation details for officers; officer compensation is paid by the Manager (PGIM Investments) and not reported by the Fund, and no fund-level performance metrics (TSR, revenue, EBITDA) are tied to his compensation in the proxy . French is identified as Secretary in the Fund’s official meeting notices and signatures, underscoring his legal/governance remit rather than portfolio management .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PGIM Investments LLC | Vice President and Assistant Secretary | Since January 2007 | Not disclosed in proxy |
| Prudential Mutual Fund Services LLC | Vice President and Assistant Secretary | Since January 2007 | Not disclosed in proxy |
| Prudential (The Prudential Insurance Company of America) | Director and Corporate Counsel | 2006–2010 | Not disclosed in proxy |
| Prudential | Vice President and Corporate Counsel | 2010–2018 | Not disclosed in proxy |
| PGIM Retail Funds and Prudential Annuities Funds | Secretary | Since December 2018 | Not disclosed in proxy |
| PGIM Alternatives Funds | Secretary | Since March 2022 | Not disclosed in proxy |
| PGIM Credit Income Fund / PGIM Rock ETF Trust / PGIM Private Credit Fund / PGIM Private Real Estate Fund, Inc. | Secretary | Since 2022–2023 (specific fund dates: Sept 2022–Sept 2023; March 2022) | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in Fund proxy materials for Andrew R. French | — | — | — |
Fixed Compensation
Officers of the Fund (including the Secretary) are compensated by PGIM Investments (the Manager) and not by the Fund; therefore, the Fund’s proxy does not report officer pay. No base salary, target bonus, or actual bonus for Andrew French is disclosed.
| Item | FY 2023 | FY 2024 | FY 2025 YTD |
|---|---|---|---|
| Base Salary | Not disclosed (officers paid by Manager) | Not disclosed | Not disclosed |
| Target Bonus % | Not disclosed | Not disclosed | Not disclosed |
| Actual Bonus Paid | Not disclosed | Not disclosed | Not disclosed |
Performance Compensation
The Fund does not grant equity awards to its officers and does not disclose officer incentive metrics; officers are paid by the Manager and not by the Fund.
| Equity Award Type | Grant Date | Shares | Grant Fair Value | Vesting Schedule | Performance Metrics |
|---|---|---|---|---|---|
| RSUs | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| PSUs | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Options | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Metric | Weighting | Target | Actual | Payout | Vesting/Timing |
|---|---|---|---|---|---|
| Annual Incentive Metrics | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
Officer beneficial ownership and alignment metrics (pledging, hedging, guidelines, compliance) are not disclosed in the Fund’s proxy. The proxy includes director share ownership ranges but does not provide officer ownership details. Section 16(a) compliance reporting indicates all required filings were met for FY ended July 31, 2023.
| Item | Detail |
|---|---|
| Total beneficial ownership (shares) | Not disclosed for officers |
| Ownership as % of outstanding | Not disclosed for officers |
| Vested vs unvested shares | Not disclosed for officers |
| Options (exercisable/unexercisable) | Not disclosed for officers |
| Shares pledged as collateral | Not disclosed for officers |
| Stock ownership guidelines (officers) | Not disclosed by Fund |
| Compliance status with guidelines | Not disclosed |
| Section 16(a) filings status | All filing requirements met for FY ended July 31, 2023 |
Employment Terms
Officer employment agreements (start date specifics, severance multiples, change-in-control triggers, clawbacks, non-compete/non-solicit, auto-renewal, garden leave, post-termination consulting) are not provided in the Fund proxy, as officers are employees of PGIM Investments rather than the Fund.
| Term | Detail |
|---|---|
| Employment start date (Fund role) | Length of Service as Fund Officer: “Since Fund Inception” |
| Contract term length/expiration | Not disclosed (manager-level employment) |
| Auto-renewal clauses | Not disclosed |
| Non-compete/non-solicit | Not disclosed |
| Severance provisions (salary+bonus multiples) | Not disclosed |
| Change-in-control (single/double trigger) | Not disclosed |
| Accelerated vesting terms | Not disclosed |
| Clawback provisions | Not disclosed |
| Tax gross-ups | Not disclosed |
| Deferred compensation elections | Not disclosed |
| Pension/SERP | Not disclosed |
| Perquisites | Not disclosed |
Investment Implications
- Role and remit: French’s responsibilities are legal/secretarial across the PGIM fund complex, with long-running service since fund inception and continuous officer roles at PGIM and Prudential; this indicates governance continuity rather than portfolio decision-making influence .
- Compensation alignment and insider signals: The Fund does not disclose officer compensation or equity grants; officers are paid by the Manager (PGIM Investments), limiting fund-level pay-for-performance analysis and reducing direct insider selling pressure signals tied to GHY awards .
- Ownership/pledging oversight: Officer share ownership, pledging/hedging and guideline compliance are not reported; Section 16 filings were timely for FY2023, but absence of officer ownership disclosure constrains alignment analysis .
- Retention risk: Tenure “Since Fund Inception” and multi-fund secretary roles suggest low near-term retention risk for this governance function; employment terms (severance/CoC) are not disclosed at the Fund level, as they sit with the Manager .
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