Adam E. Tokar
About Adam E. Tokar
Adam E. Tokar is Vice President and Ombudsman of The Gabelli Global Utility & Income Trust (GLU), serving in officer roles within the Gabelli Fund Complex since 2011; he is listed with year of birth 1980 and holds an indefinite term as an officer until resignation/retirement or successor election . He functions as an investor relations contact for GLU, appearing on multiple Fund press releases with direct phone and email contact information, reflecting responsibility for shareholder communications and distribution updates . The proxy statements present only aggregate compensation for officers compensated by the Fund and do not disclose performance-linked metrics, equity awards, or option grants for Mr. Tokar .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gabelli Fund Complex (GLU and affiliated closed-end funds) | Vice President and/or Ombudsman | Since 2011 | Investor relations and ombudsman duties across closed-end funds; serves as IR contact for GLU distributions and preferred share updates |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in GLU officer biography | — | — | No external public company directorships or committee roles disclosed for Mr. Tokar in GLU filings |
Fixed Compensation
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Aggregate compensation from the Fund ($USD) | $100,410 | $115,756 | $117,976 |
Notes:
- Officers are compensated by the Fund rather than the Adviser where shown; proxies provide aggregate amounts only, without base salary/bonus breakdowns .
- Officer terms are indefinite; appointment and continuation are at the Board’s discretion per Fund governance .
Performance Compensation
- No disclosures of bonuses, target bonus %, RSUs/PSUs, stock options, or performance metric weightings tied to Mr. Tokar’s pay appear in GLU’s proxy statements; the tables report only aggregate officer compensation paid by the Fund .
- Compensation oversight for certain closed-end fund officers and the Chief Compliance Officer is handled via multi-fund ad hoc compensation committees, but specific metrics or plans for Mr. Tokar are not detailed .
Equity Ownership & Alignment
- Mr. Tokar’s beneficial ownership is not itemized in GLU’s beneficial ownership tables; the tables list trustees and certain executive officers without an entry for him, and group holdings of trustees and executive officers remain <1% of outstanding shares .
- No disclosures of vested/unvested shares, options (exercisable/unexercisable), pledging, hedging, or stock ownership guideline compliance for Mr. Tokar are provided in GLU filings .
Employment Terms
| Item | Detail | Citation |
|---|---|---|
| Employment start date | Since 2011 (Vice President and/or Ombudsman) | |
| Term length | Indefinite; officer holds office until resignation/retirement or successor election/qualification | |
| Severance provisions | Not disclosed | |
| Change-of-control terms | Not disclosed | |
| Clawbacks/tax gross-ups | Not disclosed | |
| Non-compete/non-solicit | Not disclosed |
Investment Implications
- Alignment: Absence of disclosed equity ownership, stock awards, or options for Mr. Tokar suggests limited direct stock-aligned incentives, reducing the probability of near-term insider selling pressure tied to vesting/option exercises .
- Pay structure: Compensation appears cash-based and modest for a Fund officer, with small year-over-year increases (FY22–FY24), and no disclosed performance pay or metrics; this implies low pay-for-performance sensitivity at the officer level .
- Retention risk: Officer term is indefinite and responsibilities span ombudsman/IR coverage; the lack of disclosed employment severance/change-of-control economics limits visibility on retention protections or potential windfalls, but also suggests minimal structural turnover incentives .
- Trading signals: With no reported individual ownership line items or equity incentives for Mr. Tokar in GLU filings, there are limited executive-specific trading signals to monitor; Section 16 reporting compliance was affirmed at the Fund level, with no references to Mr. Tokar’s transactions in the proxies reviewed .