William Siffermann
About William Siffermann
William A. Siffermann serves as a Vice President of Nuveen Mortgage & Income Fund (JLS) and has been an officer in the Nuveen closed‑end fund complex since 2017; he is listed as Senior Managing Director of Nuveen as of March 1, 2025, and Managing Director as of January 1, 2024 . The proxy identifies him as the Manager of Fund Board Relations for shareholder communications to the Nominating & Governance Committee, underscoring his governance and liaison responsibilities across the Nuveen Funds . Officers of the Funds receive no compensation from the Funds and officer‑level performance metrics (e.g., TSR, revenue growth, EBITDA growth) tied to pay are not disclosed in Fund filings; the CCO’s compensation is paid by the Adviser (Nuveen), with partial reimbursement by the Funds for incentive compensation . Year of birth: 1975; tenure as officer: since 2017 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director; Vice President (officer of Nuveen Funds) | As of Mar 1, 2025; officer since 2017 | Governance and board relations across the Nuveen closed‑end funds; supports shareholder communications and board processes |
| Nuveen | Managing Director; Vice President (officer of Nuveen Funds) | As of Jan 1, 2024; officer since 2017 | Governance and board relations; continuity in fund officer team |
External Roles
- Fund filings list Siffermann’s Nuveen roles and officer capacity; external directorships/committee roles outside Nuveen are not disclosed in these documents .
Fixed Compensation
- Officers of the Funds receive no compensation from the Funds; the CCO’s base salary and incentive compensation are paid by the Adviser (Nuveen), with the Funds reimbursing an allocable portion of the CCO’s incentive compensation .
- No disclosure of base salary, target/actual bonus, or fixed cash compensation for Siffermann in Fund filings (officers are unpaid by the Funds) .
Performance Compensation
- No disclosure of stock awards, options, PSU/RSU grants, performance metrics, vesting schedules, or payout outcomes for Fund officers; officer compensation is not paid by the Funds and is not detailed in Fund filings .
Equity Ownership & Alignment
- Individual officer share ownership is not itemized; as of February 18, 2025, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund .
- Board Members (not officers) are expected to invest at least the equivalent of one year of Board compensation in Nuveen funds to align interests; this governance principle applies to Independent Board Members, not Fund officers .
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President (Fund officer) |
| Employer / Capacity | Senior Managing Director of Nuveen; serves as officer of Nuveen Funds |
| Start in officer role | Since 2017 |
| Term/Election | Officers are elected annually by the Board; serve until successors are elected and qualified |
| Compensation source | Officers receive no compensation from the Funds; CCO compensation paid by Adviser with partial reimbursement for incentive compensation |
| Responsibilities | Manager of Fund Board Relations for shareholder communications to the Nominating & Governance Committee; governance liaison |
Investment Implications
- Pay‑for‑performance visibility is limited: Fund officers are unpaid by the Funds and officer compensation (including any performance linkage, equity awards, or vesting) resides at the Adviser (Nuveen), with no award‑level disclosure in Fund filings—reducing direct insight into Siffermann’s incentive alignment with JLS shareholders .
- Retention/contract economics: Officers are elected annually with indefinite terms and no Fund‑level employment contracts, severance, or change‑of‑control economics disclosed; governance continuity is supported by Siffermann’s tenure since 2017 and ongoing board‑relations role .
- Ownership alignment and selling pressure: No individual officer holdings are disclosed; aggregate Board+officer holdings are <1% of outstanding shares, and no pledging/hedging by officers is disclosed—limiting inference on insider selling pressure or alignment signals from personal ownership .
- Trading focus should remain on fund‑level governance, distribution policy, leverage management, and discount/premium dynamics; officer‑specific compensation or insider activity does not present actionable signals based on available filings .