Dino Capasso
About Dino Capasso
Dino Capasso (year of birth: 1974) serves as Chief Compliance Officer (CCO) of PGIM Global High Yield Fund, Inc. (GHY) and related PGIM Retail/Annuities/Alternatives funds, and is a Vice President of PGIM Investments LLC. He became a GHY fund officer in July 2024 following his appointment as Vice President of PGIM Investments in June 2024, after previously serving as CCO at T. Rowe Price’s mutual fund complex and earlier CCO/deputy CCO roles at PGIM/ASTIS. The fund’s proxy does not disclose education or investment performance metrics tied to his role; officers are paid by the Manager (PGIM Investments) and officer compensation is not reported by the fund.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc.; T. Rowe Price mutual fund complex | Chief Compliance Officer and Vice President | May 2022 – May 2024 | Led compliance for a large mutual fund complex; senior compliance oversight across entities and funds. |
| PGIM Investments LLC; AST Investment Services, Inc. (ASTIS) | Chief Compliance Officer | Sep 2019 – Apr 2022 | Enterprise-level CCO for PGIM Investments/ASTIS, overseeing fund and adviser compliance programs. |
| PGIM Retail Funds; Prudential Annuities Funds | Chief Compliance Officer | Jul 2019 – Apr 2022 | CCO for retail and annuities fund complexes under Prudential/PGIM umbrella. |
| PGIM Private Real Estate Fund, Inc. | Chief Compliance Officer | Mar 2022 – Apr 2022 | Short-term CCO role during period of organizational evolution in alternatives. |
| PGIM Investments LLC; ASTIS | Vice President and Deputy Chief Compliance Officer | Jun 2017 – Sep 2019 | Deputy CCO leadership, building and executing compliance frameworks across products. |
External Roles
- No external directorships/board roles are disclosed in the GHY proxy officer biography.
Fixed Compensation
| Component | 2024/2025 Status |
|---|---|
| Base salary | Not disclosed by the fund; under the Management Agreement, the Manager (PGIM Investments LLC) pays all compensation and expenses of officers; officers do not receive compensation from PGIM Investments-managed funds. |
| Target bonus % | Not disclosed by the fund (compensation paid by Manager). |
| Actual bonus paid | Not disclosed by the fund (compensation paid by Manager). |
| Pension/retirement benefits | Not disclosed for officers; the fund’s compensation disclosures pertain to Independent Directors only. |
Performance Compensation
| Incentive type | Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Not disclosed at fund level | — | — | — | — | — | — |
- The proxy states the Manager pays officer compensation; performance metrics and equity award details (if any) are not reported by the fund.
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership of GHY common stock | 0 shares; Form 3 (initial statement) filed 07/01/2024 states “No securities are beneficially owned.” |
| Ownership as % of shares outstanding | 0.00% (0 of 40,923,879 shares outstanding as of 02/27/2025 record date). |
| Forms filed | Form 3 (Officer – CCO) for GHY on 07/01/2024; “No securities are beneficially owned.” |
| Prior filings (historical reference) | Form 3 for GHY on 03/09/2018 (then “Prudential Global Short Duration High Yield Fund, Inc.”) as Deputy Chief Compliance Officer; “No securities are beneficially owned.” |
| Pledged/hedged shares | Not applicable given no beneficial ownership reported. |
| Ownership guidelines | Not disclosed for officers in the fund proxy; guidelines (if any) would be at the Manager level. |
Employment Terms
- Current role and tenure: Vice President of PGIM Investments (since June 2024) and CCO of PGIM Retail Funds, Prudential Annuities Funds, and PGIM Alternatives Funds (since July 2024); GHY fund officer (CCO) since July 2024.
- Contract/severance/CoC terms: Not disclosed by the fund; officer employment terms (including severance, change-in-control triggers, vesting acceleration, clawbacks, tax gross-ups) are not reported in GHY’s proxy and would be determined by the Manager (PGIM Investments).
- Board compliance interface: The Board’s Compliance Committee serves as liaison with the CCO; it met four times in fiscal year ended July 31, 2024. Members: Brian Reid (Chair), Barry Evans, Keith Hartstein (ex-officio), Grace Torres.
- Section 16 compliance: For FY2024, the fund reports all Section 16(a) filing requirements were met.
Investment Implications
- Alignment and trading signals: Form 3 disclosures indicate zero beneficial ownership of GHY shares, so there is no insider selling overhang or pledging risk from Capasso; as a control function executive, his incentives are not designed to track fund TSR and are not reported at fund level.
- Retention risk: Officer compensation and employment protections (severance/CoC) are not disclosed by the fund; absence of disclosed retention hooks at the fund level limits visibility into retention risk, though governance oversight of compliance is active via the Compliance Committee (four meetings FY2024).
- Governance and oversight: The Compliance Committee’s formal liaison role with the CCO and regular meeting cadence suggest structured oversight of the compliance program—supportive for risk management, but not a direct driver of performance-aligned pay.
- Bottom line: For trading and compensation-alignment analysis, there are no executive-share-ownership or vesting-related selling pressures to monitor for Capasso at GHY; compensation levers sit with PGIM Investments and are not in the fund proxy, limiting pay-for-performance assessment at the fund level.