Claudia DiGiacomo
About Claudia DiGiacomo
Claudia DiGiacomo (year of birth 1974) serves as Chief Legal Officer of PGIM Global High Yield Fund, Inc. (GHY) and has been listed as a Fund officer “Since Fund Inception.” She is Chief Legal Officer, Executive Vice President and Secretary of PGIM Investments LLC (since August 2020) and holds Chief Legal Officer roles across multiple PGIM-affiliated funds and entities; she previously was Vice President and Assistant Secretary of PGIM Investments LLC (2005–2020) and an Associate at Sidley Austin Brown & Wood LLP (1999–2004) . Fund proxies do not disclose officer compensation details or individual performance metrics (TSR, revenue, EBITDA) for GHY officers; compensation for officers is paid by the Manager (PGIM Investments), not by the Fund, limiting pay-for-performance assessment at the Fund level . She is routinely named as one of the authorized proxies to vote at GHY’s annual stockholder meetings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Sidley Austin Brown & Wood LLP | Associate | 1999–2004 | Legal practice experience foundational to later investment company legal leadership . |
| PGIM Investments LLC | Vice President and Assistant Secretary | 2005–2020 | Senior governance and legal support for PGIM mutual funds and related products . |
| Prudential (The Prudential Insurance Company of America) | Vice President and Corporate Counsel | Since Jan 2005 | Ongoing corporate counsel role supporting Prudential/PGIM fund complex . |
External Roles
| Organization | Role | Start Date | Notes |
|---|---|---|---|
| PGIM Investments LLC | Chief Legal Officer, Executive Vice President & Secretary | Aug 2020 | Primary legal executive role for PGIM Investments . |
| Prudential Mutual Fund Services LLC | Chief Legal Officer | Aug 2020 | Legal oversight for Fund services affiliate . |
| PIFM Holdco, LLC | Chief Legal Officer | Aug 2020 | Legal leadership for PGIM-affiliated entity . |
| AST Investment Services, Inc. | Corporate Counsel | Aug 2020 | Counsel role supporting annuity/variable products . |
| PGIM Private Real Estate Fund, Inc. | Chief Legal Officer | Jul 2022 | Alternatives funds legal leadership . |
| PGIM Private Credit Fund | Chief Legal Officer | Sep 2022 | Private credit legal oversight . |
| PGIM Credit Income Fund | Chief Legal Officer | Sep 2023 | Closed-end/interval fund legal oversight . |
| PGIM Rock ETF Trust | Chief Legal Officer | Sep 2023 | ETF trust legal oversight . |
| PGIM DC Solutions LLC | Chief Legal Officer | Jan 2024 | DC solutions legal leadership . |
Fixed Compensation
| Item | Status | Detail |
|---|---|---|
| Compensation paid by GHY to officers | None | “The Manager pays all compensation and expenses of officers and employees of the Fund… Interested Directors and officers do not receive compensation from PGIM Investments-managed funds.” |
| Base salary (from GHY) | Not disclosed | Officer pay is not paid by the Fund; amounts not provided in Fund proxy |
| Target bonus %, actual bonus (from GHY) | Not disclosed | Not provided in Fund filings; officer pay handled by Manager |
| Perquisites (from GHY) | Not disclosed | No officer perquisite disclosures for GHY officers |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Fund-level officer incentive metrics | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Notes | Officer compensation for GHY is paid by the Manager (PGIM Investments), and the Fund does not disclose officer incentive structures, targets, or vesting . |
Equity Ownership & Alignment
| Item | Status | Detail |
|---|---|---|
| Beneficial ownership in GHY by officers | Not disclosed | Fund proxies present 5%+ holders and director share ownership; officer beneficial holdings are not itemized . |
| Shares pledged (officers) | Not disclosed | No pledging disclosures pertaining to officers are provided in Fund proxy . |
| Section 16(a) compliance | Compliant | For FY ended July 31, 2021, the Fund believes all Section 16 filing requirements were met; 2022 noted one late Form 3 for Michael Gormally, not pertaining to DiGiacomo . |
| Ownership guidelines (officers) | Not disclosed | No officer ownership guidelines disclosed in Fund proxy . |
Employment Terms
| Term | Status/Details |
|---|---|
| Employment start date & tenure at GHY | Listed as “Since Fund Inception” for service as Fund officer; year of birth 1974 . |
| Contract term, expiration, auto-renewal | Not disclosed in Fund proxy . |
| Severance, change-of-control, accelerated vesting | Not disclosed; the Fund does not pay officer compensation, and no officer severance/change-of-control terms are provided . |
| Non-compete, non-solicit, garden leave | Not disclosed in Fund proxy . |
| Post-termination consulting | Not disclosed in Fund proxy . |
Additional Notes on Governance and Role
- Authorized proxy holder: Named among individuals authorized to vote proxies at GHY annual meetings (2021, 2023, 2024, 2025) .
- Fund committees and director compensation: Proxy statements detail independent director compensation and committee structures; officers (including DiGiacomo) do not receive compensation from the Fund .
Investment Implications
- Pay-for-performance assessment at the Fund level is not possible for officers: Compensation for GHY officers is borne by the Manager (PGIM Investments) and not disclosed in Fund proxies, leaving no visibility into salary/bonus, equity awards, or performance metrics tied to Fund NAV/TSR; this limits direct alignment analysis at the vehicle level .
- Retention and continuity signal: DiGiacomo’s continued service “Since Fund Inception,” combined with expanded Chief Legal Officer responsibilities across PGIM’s retail, ETF, DC solutions, and alternatives fund complexes, indicates organizational reliance on her legal leadership and governance continuity .
- Trading signals and insider pressure: Fund proxies show Section 16 compliance for the Fund in FY2021 and do not present officer-level holdings or selling activity; there is no pledging disclosure for officers, implying no identified selling pressure or pledging-related red flags from Fund materials .
- Governance quality: Regular committee activity and independent director structures are well documented; officers are paid by the Manager which centralizes compensation and may focus alignment at the enterprise level rather than the Fund vehicle—investors should consider manager-level disclosures (outside the Fund’s proxy) for a complete incentive picture .