Claudia DiGiacomo
About Claudia DiGiacomo
Claudia DiGiacomo (born 1974) serves as Chief Legal Officer of PGIM Investments LLC and holds senior legal officer roles across multiple PGIM fund complexes and affiliated entities, including PGIM DC Solutions LLC (since January 2024), the PGIM Alternatives Funds (since July 2022), and the PGIM Retail Funds, Prudential Annuities Funds, Prudential Mutual Fund Services LLC, and PIFM Holdco, LLC (since August 2020) . She is the Chief Legal Officer of the PGIM Private Credit Fund (since September 2022) and the PGIM Private Real Estate Fund, Inc. (since July 2022), and has served as an officer of ISD since the Fund’s inception . Proxy materials do not disclose officer education or fund performance metrics (TSR, revenue, EBITDA) tied to her tenure; ISD’s structure indicates officers are compensated by the external Manager and not by the Fund, limiting visibility into pay-for-performance linkage at the fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PGIM Investments LLC | Vice President and Assistant Secretary | 2005–2020 | Senior legal leadership within PGIM Investments product and fund administration |
| Sidley Austin Brown & Wood LLP | Associate | 1999–2004 | External counsel experience in large law firm setting |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| AST Investment Services, Inc. | Corporate Counsel | Since August 2020 | Legal counsel across Prudential/PGIM affiliated platforms |
| PGIM Credit Income Fund; PGIM Rock ETF Trust | Chief Legal Officer | Since September 2023 | Legal leadership for credit income and ETF products |
Fixed Compensation
- Pursuant to ISD’s Management Agreement, the external Manager (PGIM Investments LLC) pays all compensation and expenses of the Fund’s officers and employees; officers do not receive compensation from PGIM Investments–managed funds and therefore are not included in the Fund’s compensation tables .
- Base salary, target bonus, actual bonus, and perquisites for fund officers are not disclosed in ISD’s proxy filings (compensation tables cover Independent Directors only) .
Performance Compensation
- Stock awards (RSUs/PSUs), option awards, performance metrics, vesting schedules, severance, change-of-control terms, clawbacks, tax gross-ups, and deferred compensation details for fund officers are not disclosed in ISD’s proxy filings (Manager pays and administers officer compensation) .
Equity Ownership & Alignment
- ISD discloses director share ownership ranges but does not provide officer share ownership or pledging/hedging disclosures for officers; officer-specific equity ownership and alignment details for Claudia DiGiacomo are not disclosed in the proxy .
- No officer pledging, hedging, or stock ownership guideline disclosures are provided in the Fund’s proxy (policies not enumerated for officers) .
Employment Terms
- Fund Officer role: Chief Legal Officer of ISD (PGIM High Yield Bond Fund, Inc.), with “Length of Service as Fund Officer” indicated as “Since Fund Inception” ; current biography enumerates multiple concurrent Chief Legal Officer capacities across PGIM entities .
- Employment agreements, non-compete/non-solicit, severance/change-of-control, garden leave, and post-termination terms are not disclosed in the Fund’s proxy (officers compensated by the Manager) .
- Governance role: Claudia DiGiacomo is regularly appointed as a named proxy for ISD shareholder meetings (e.g., 2023, 2024, 2025 proxy cards), evidencing an administrative and governance function in the Fund’s annual meeting processes .
Investment Implications
- Pay-for-performance visibility: Because ISD’s officers (including Claudia DiGiacomo) are compensated by PGIM Investments (the Manager) rather than the Fund, the proxy does not disclose officer compensation structures or performance metrics, constraining analysis of compensation alignment with ISD-specific TSR/NAV outcomes .
- Insider selling pressure and equity alignment: ISD provides director ownership ranges but no officer ownership or pledging disclosures; absence of officer equity data limits assessment of potential insider selling pressure or pledging-related risks for Claudia DiGiacomo .
- Retention risk: The breadth of current Chief Legal Officer responsibilities across PGIM’s retail, annuities, and alternatives fund complexes suggests her role is embedded within the Manager’s broader legal infrastructure; however, without employment terms or severance/change-of-control disclosures, retention economics cannot be evaluated from ISD filings .
- Trading signals: With no officer ownership, grants, or Form 4 disclosures in ISD’s proxy materials, the Fund’s filings provide no officer-level trading signals for Claudia DiGiacomo; monitoring external Manager-level disclosures would be required to assess any insider activity or equity-linked incentives .