Molly A.F. Marion
About Molly A.F. Marion
Molly A.F. Marion serves as Vice President and Ombudsman of GAMCO Natural Resources, Gold & Income Trust (GNT), a role she has held since 2011; her year of birth is 1954 . She is also a Vice President of GAMCO Investors, Inc. (the Fund’s affiliated adviser) since 2012, reflecting a long tenure within the Gabelli/GAMCO complex . GNT does not disclose officer-specific TSR or operating performance metrics tied to Ms. Marion’s pay; the Fund’s proxies present officer compensation as aggregate cash amounts, with no performance metric framework disclosed for officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Gabelli/GAMCO Closed-End Fund Complex | Vice President and/or Ombudsman | 2011–present | Officer across closed-end funds in the complex, supporting fund administration and shareholder-facing functions . |
| GAMCO Investors, Inc. | Vice President | 2012–present | Executive role at adviser to GNT, aligning day-to-day fund administration with adviser processes . |
External Roles
- No external directorships or roles for Ms. Marion are disclosed in GNT’s proxy officer biographies; her “Principal Occupation(s) During Past Five Years” are internal to the Gabelli/GAMCO complex .
Fixed Compensation
| Metric | FY 2015 | FY 2023 | FY 2024 |
|---|---|---|---|
| Aggregate compensation from the Fund (USD) | $60,000 | $70,724 | $72,201 |
Notes:
- The proxy discloses compensation “of the Trustees by the Fund and officers, if any, who were compensated by the Fund rather than the Adviser.” Ms. Marion is the officer listed as compensated by the Fund in 2023–2024 .
Performance Compensation
- No short-term bonus targets, performance metrics (e.g., revenue, EBITDA, TSR), equity awards (RSUs/PSUs), or stock option grants are disclosed for Fund officers. Officer compensation is presented only as aggregate cash paid by the Fund in the compensation table, with no weighting/targets/vesting schedules provided .
Equity Ownership & Alignment
- Executive officer beneficial ownership tables list only select executive officers (e.g., Principal Executive/Financial/Compliance Officers). Ms. Marion is not included in the executive officer beneficial ownership tables in recent proxies (2023 and 2024), and thus GNT does not disclose her personal holdings; the group of trustees and executive officers owned less than 1% of total shares outstanding .
- No disclosures on pledging or hedging by officers specific to Ms. Marion were identified in the Fund’s proxy materials .
Employment Terms
- Start/tenure: Vice President & Ombudsman since 2011 .
- Employer/compensation source in proxy: Officer compensation disclosed where paid by the Fund (rather than by the Adviser), with Ms. Marion listed for FY 2023–2024 .
- Contracts/severance/change-in-control: No employment contracts, severance multiples, or change-of-control provisions are disclosed for Fund officers in the proxy statements reviewed .
- Clawback: In the latest semi-annual shareholder report, the Fund reported no restatements requiring recovery and $0 erroneously awarded compensation to be recovered in the last completed fiscal year (Item 18) .
Investment Implications
- Alignment: Compensation is modest and cash-based, without disclosed equity or performance-conditioned awards; while this limits pay-for-performance linkage, it is consistent with registered investment company practice where portfolio management and economics are largely at the adviser level .
- Retention/continuity: Long tenure (since 2011) across the Gabelli/GAMCO complex suggests low retention risk for this administrative/ombudsman function and stable continuity in Fund operations .
- Trading/insider pressure: With no equity awards or holdings disclosed for Ms. Marion, identifiable insider selling pressure tied to vesting cycles appears minimal for this role .
- Governance risk: No clawback recoveries or restatements were reported in the last fiscal period, and officer pay is transparent as cash paid by the Fund, indicating low compensation-related governance risk at the officer level .