David J. Lamb
Chief Administrative Officer (Principal Executive Officer) at Nuveen Preferred & Income Opportunities Fund
Executive
About David J. Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) of Nuveen Preferred & Income Opportunities Fund (JPC), an officer role he has held since 2015; he is based at 333 West Wacker Drive, Chicago, IL, and was born in 1963 . He is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, with prior roles across Nuveen over his career . As PEO, he also signs fund regulatory documents; for example, he signed the Fund’s N‑PX proxy voting report as Chief Administrative Officer on August 14, 2025 . Fund filings do not disclose executive performance metrics (e.g., TSR, revenue, EBITDA) tied to his compensation; officers receive no compensation from the Fund itself, limiting pay-for-performance analytics at the fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (Fund Complex) | Various positions prior to current role | Not specified | Progressive leadership across Nuveen entities; culminated in CAO appointment for Nuveen closed-end funds . |
| Nuveen Preferred & Income Opportunities Fund (JPC) | Chief Administrative Officer (Principal Executive Officer) | Since 2015 | Principal executive responsibility for fund administrative leadership . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Past 5 years (current) | Senior leadership at fund adviser to JPC . |
| Nuveen Securities, LLC | Senior Managing Director | Past 5 years (current) | Senior leadership at affiliate supporting distribution/operations . |
| Nuveen (parent) | Senior Managing Director | Past 5 years (current) | Enterprise leadership across the Nuveen complex . |
Fixed Compensation
- Officers receive no compensation from the Funds; compensation for fund officers (including the CCO) is paid by the Adviser (Nuveen Fund Advisors, LLC), with the Funds reimbursing an allocable portion of the CCO’s incentive compensation. No base salary, bonus, or benefits are disclosed for David J. Lamb at the Fund level .
Performance Compensation
- Not disclosed for Fund officers. JPC does not grant RSUs/PSUs/options to officers and does not report any performance metric linkages or vesting schedules for officers in Fund filings .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership (David J. Lamb) | Not individually disclosed in proxy beneficial ownership tables; officers as a group own less than 1% of each Fund’s outstanding shares . |
| Officers as a group ownership | Less than 1% of outstanding shares for each Fund . |
| Shares outstanding (record date Feb 18, 2025) | JPC Common Shares: 321,699,932; Preferred Shares: TFP Series A 150,000; TFP Series B 270,000 . |
| Pledging/hedging | No pledging or hedging disclosures for officers in Fund filings . |
| Ownership guidelines | Board Members have an expectation to invest at least one year of compensation in Funds; no officer ownership guideline disclosed . |
| Section 16 compliance | Fund reports full compliance with Section 16(a) filings in the prior fiscal years . |
Employment Terms
| Term Element | Disclosure |
|---|---|
| Title | Chief Administrative Officer (Principal Executive Officer) |
| Election/Term | Officers are elected annually by the Board; term is indefinite; Lamb has served since 2015 . |
| Principal Occupation (past 5 years) | Senior Managing Director at Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen . |
| Employment contract | Not disclosed in Fund filings; no severance or change-of-control terms reported for officers at the Fund level . |
| Non-compete/Non-solicit/Garden leave | Not disclosed in Fund filings . |
| Clawbacks/Tax gross-ups | Not disclosed for officers . |
Investment Implications
- Compensation alignment and trading signals: JPC officers receive no compensation from the Fund, and officer-level equity awards or performance metrics are not disclosed at the Fund; officers as a group own less than 1%—limiting direct “skin‑in‑the‑game” signals and reducing the likelihood of insider selling pressure tied to fund-level grants .
- Retention risk: Lamb’s indefinite term and decade‑long tenure (since 2015) indicate role stability; no employment agreement or severance/change‑of‑control terms are disclosed at the Fund, keeping contract‑based retention levers opaque .
- Governance and compliance: He operates within a robust committee structure and Section 16 compliance framework; filings note full compliance with Section 16(a), reducing governance red flags from reporting lapses .
- Net takeaway: For closed‑end funds like JPC, officer compensation and equity incentives reside primarily at the adviser (Nuveen), not the Fund, constraining pay‑for‑performance and vesting analytics from Fund documents. Monitoring adviser‑level disclosures (Nuveen/TIAA) would be necessary to evaluate Lamb’s broader incentive alignment beyond JPC’s filings .