Peter Goldstein

About Peter Goldstein

Peter Goldstein serves as Secretary and Vice President of The Gabelli Healthcare & WellnessRx Trust (GRX) and has held these officer roles since 2020 . He is General Counsel of GAMCO Investors, Inc. and Chief Legal Officer of Associated Capital Group, Inc. since 2021; previously, he was General Counsel and Chief Compliance Officer at Buckingham Capital Management, Inc. (2012–2020) and Chief Legal Officer and Chief Compliance Officer at The Buckingham Research Group, Inc. (2012–2020) . His year of birth is disclosed as 1953, and officers of the Fund hold office for an indefinite term until resignation/retirement or until a successor is elected . As of year‑end 2024, Goldstein reported beneficial ownership of 0 GRX common shares; the Fund also reported full compliance with Section 16(a) filing requirements for 2024 .

Past Roles

External Roles

Fixed Compensation

• The proxy discloses compensation paid by the Fund to Trustees and, “officers, if any, who were compensated by the Fund rather than the Adviser.” In FY2024, only one officer (Bethany Uhlein) is listed with compensation; Peter Goldstein is not listed, indicating his compensation is paid by the Adviser and not disclosed in GRX’s proxy .
• The same disclosure pattern appears in FY2023: Trustees’ compensation and one officer (Bethany Uhlein) are listed; Peter Goldstein is not, again indicating compensation via the Adviser rather than the Fund .

Note: GRX (a closed‑end fund) generally compensates Trustees; officer compensation is administered across the Gabelli Fund Complex via multi‑fund ad hoc Compensation Committees and is typically paid by the Adviser, not the fund itself .

Performance Compensation

• No RSUs, PSUs, stock options, or performance‑based awards for Peter Goldstein are disclosed in GRX’s proxy statements; the Fund’s compensation disclosures focus on Trustee retainers/fees, and officer compensation is handled by the Adviser and not detailed in the Fund’s proxy .
• Accordingly, specific incentive metrics, weightings, targets, payouts, and vesting schedules tied to Goldstein’s compensation are not disclosed in GRX’s filings .

Equity Ownership & Alignment

• The proxy presents detailed beneficial ownership tables by individual; Peter Goldstein reports 0 common shares in both 2023 and 2024 .
• GRX reports that insiders complied with Section 16(a) reporting requirements for 2023 and 2024; no delinquent filings were noted .
• No disclosures were identified regarding pledging or hedging policies for officers in the proxy .

Employment Terms

• GRX identifies Goldstein’s officer roles and tenure but does not provide a standalone employment agreement or severance/CIC economics in the proxy .

Board Governance (context)

• Peter Goldstein is not a Trustee; he is an officer. Trustee compensation is structured as annual retainers plus meeting and committee fees; committee leadership roles (Audit/Nominating/Lead Independent Trustee) receive additional fixed fees .
• The Board uses multi‑fund ad hoc Compensation Committees to set compensation for certain officers across the closed‑end funds in the Gabelli Fund Complex (e.g., the Chief Compliance Officer and other officers), reinforcing that officer pay is coordinated at the complex level rather than disclosed at the individual fund level .

Risk Indicators & Red Flags

• Section 16(a) filings: GRX reports insiders complied with reporting requirements in FY2023 and FY2024; no delinquencies noted .
• Related‑party and governance notes in proxies primarily concern Trustees and affiliates; no adverse items specific to Peter Goldstein are disclosed .

Compensation Committee Analysis (Fund context)

• GRX does not disclose officer‑specific compensation metrics for Peter Goldstein; Trustee compensation is formulaic (retainers/meeting fees), while officer compensation is handled via multi‑fund ad hoc Compensation Committees and paid by the Adviser .
• There is no disclosure of shifts from options to RSUs, equity repricings, discretionary bonuses, or changes in performance metrics tied to Peter Goldstein’s pay in the GRX proxy .

Say‑on‑Pay & Shareholder Feedback

• GRX proxies do not provide say‑on‑pay votes for officers or pay program details applicable to Peter Goldstein; compensation disclosures center on Trustee fees and audit/charter governance .

Expertise & Qualifications

• Roles at GAMCO and Associated Capital indicate senior legal expertise; prior Buckingham roles show extended tenure in general counsel and compliance leadership across investment advisers and research operations .
• The proxy does not provide formal education credentials beyond roles and year of birth for officers; no specific certifications are disclosed for Peter Goldstein .

Work History & Career Trajectory

Investment Implications

• Alignment: Zero GRX share ownership reported for 2023 and 2024 suggests limited direct economic alignment with GRX shareholders; officer compensation is paid by the Adviser and not disclosed at the fund level, reducing transparency on pay‑for‑performance linkages .
• Selling pressure: No Form 4 delinquencies and no insider ownership indicate low near‑term insider selling pressure from Goldstein; pledging/hedging policies are not disclosed .
• Retention risk: Tenure since 2020 with ongoing external legal leadership roles at GAMCO/ACG points to institutional continuity; however, absence of disclosed employment contracts, severance/CIC protections, or retention bonuses limits visibility into retention economics .
• Governance: Compensation for officers is coordinated via multi‑fund ad hoc Compensation Committees and administered by the Adviser, making fund‑level performance linkage opaque; investors should look to adviser‑level disclosures for any performance‑based elements affecting senior legal officers .