Mark Winget
About Mark Winget
Mark L. Winget serves as Vice President and Secretary of Nuveen Floating Rate Income Fund (JFR), with Fund officer service since 2008; he is based at 333 West Wacker Drive, Chicago, IL, and his year of birth is 1968 . His principal occupations over the past five years include Vice President and Assistant Secretary roles at Nuveen Securities, LLC and Nuveen Fund Advisors, LLC, and Associate General Counsel roles at Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC, and Nuveen Asset Management, LLC, as well as Vice President and Associate General Counsel of Nuveen . Officers of the Fund serve without compensation from the Fund (compensation is paid by the Adviser), and the proxy does not disclose any officer-specific performance metrics (TSR, revenue or EBITDA) tied to compensation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Floating Rate Income Fund (JFR) | Vice President and Secretary | Since 2008 | Not disclosed in proxy |
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Not disclosed in proxy |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Not disclosed in proxy |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Not disclosed in proxy |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Not disclosed in proxy |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Not disclosed in proxy |
| Nuveen (corporate) | Vice President and Associate General Counsel | Past 5 years (as of Mar 1, 2025) | Not disclosed in proxy |
External Roles
- No external directorships or outside board positions are disclosed for Winget in JFR’s latest proxies .
Fixed Compensation
| Component | Value/Terms |
|---|---|
| Base salary | Not disclosed by Fund; officers serve without compensation from the Funds |
| Target annual bonus % | Not disclosed by Fund; officers serve without compensation from the Funds |
| Actual bonus paid | Not disclosed by Fund; officers serve without compensation from the Funds |
| Perquisites (aircraft, security, relocation, etc.) | Not disclosed |
Context: The Funds have no employees; officer compensation is paid by the Adviser (Nuveen/TIAA), and the Fund reimburses an allocable portion of the Adviser’s cost of the CCO’s incentive compensation (Winget is VP/Secretary, not CCO) .
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Annual cash incentive | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| RSUs/PSUs | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Stock options | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Retention/sign-on awards | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
| Item | Status |
|---|---|
| Total beneficial ownership in JFR | Not disclosed for officers; beneficial ownership tables are provided for Board Members/nominees, not officers |
| Ownership as % of shares outstanding | Not disclosed for officers |
| Vested vs. unvested shares | Not disclosed for officers |
| Options (exercisable vs. unexercisable; in-the-money) | Not disclosed for officers |
| Shares pledged as collateral | Not disclosed for officers |
| Stock ownership guidelines (multiple of salary) | Not disclosed for officers |
| Compliance with ownership guidelines | Not disclosed |
Note: Appendix A in the 2025 proxy presents dollar ranges of beneficial ownership for Board Members/nominees across Nuveen funds (e.g., two show “Over $100,000” in Floating Rate Income), but officers like Winget are not included in that table .
Employment Terms
| Term | Details |
|---|---|
| Term of office | Indefinite |
| Length of time served | Since 2008 (Fund officer service year) |
| Employment start date with Fund | 2008 (as officer) |
| Contract term length/expiration | Not disclosed |
| Auto-renewal clauses | Not disclosed |
| Non-compete/non-solicit | Not disclosed |
| Garden leave | Not disclosed |
| Post-termination consulting | Not disclosed |
| Severance provisions | Not disclosed (officers are not compensated by the Fund; any employment terms would be with the Adviser) |
| Change-of-control provisions | Not disclosed |
| Clawback provisions/tax gross-ups | Not disclosed |
Performance & Track Record
- The proxies do not disclose officer-linked performance metrics (TSR, revenue growth, EBITDA growth) or any achievements/failures attributed to Winget; filings confirm his operational authority as signatory on Fund 8-Ks and proxy solicitation documents .
Board Governance
- Winget is an officer (Vice President and Secretary), not a Board Member; committee memberships, director independence, and meeting attendance relate to Trustees, not officers .
Related Filings and Authority
- Winget signed the Fund’s October 13, 2023 8-K covering Board changes, as Vice President and Secretary, evidencing his operational and governance execution role .
- He is named among appointed proxy holders in the 2024 Joint Proxy, reinforcing his role in governance processes .
Investment Implications
- Alignment: Officer compensation is paid by the Adviser, and the Fund discloses no officer pay or performance-based incentives—implying limited direct pay-for-performance alignment with JFR shareholders at the Fund level .
- Retention: Long tenure since 2008 suggests institutional continuity; absence of disclosed severance/change-of-control terms at the Fund level reduces clarity on retention economics and exit costs .
- Trading signals: No disclosed officer ownership, vesting schedules, options, or pledging details—limiting ability to assess insider selling pressure or alignment via personal stake in JFR; ownership tables cover Board Members/nominees only .
- Governance: Frequent officer signatory roles on SEC filings and proxies indicate process control and compliance execution but do not provide performance or incentive levers for trading decisions .