Brian Lockhart
About Brian Lockhart
Brian J. Lockhart is Vice President of Nuveen Credit Strategies Income Fund (JQC) and serves as Senior Managing Director and Head of Investment Oversight at Nuveen; he is a Chartered Financial Analyst (CFA) and Certified Financial Risk Manager (FRM), born in 1974, and has served as a fund officer since 2019 . Officers of the Nuveen funds receive no compensation from the Funds (compensation is paid by the Adviser), and the proxies do not disclose individual officer performance metrics or pay-for-performance structures tied to Fund TSR, revenue, or EBITDA .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Various positions (prior to current role) | Not disclosed | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (Adviser to the Funds) | Senior Managing Director; Head of Investment Oversight | Current (as of 2024–2025) | Oversees investment oversight across the Nuveen fund complex |
Fixed Compensation
| Item | 2024 | 2025 |
|---|---|---|
| Fund-paid base salary | Not applicable; officers receive no compensation from the Funds | Not applicable; officers receive no compensation from the Funds |
| Target bonus % (Fund-paid) | Not disclosed; officers are not compensated by the Funds | Not disclosed; officers are not compensated by the Funds |
| Actual bonus paid (Fund-paid) | Not disclosed; officers are not compensated by the Funds | Not disclosed; officers are not compensated by the Funds |
| Note on CCO compensation | CCO compensation is paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s cost of CCO incentive compensation | CCO compensation is paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s cost of CCO incentive compensation |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Not disclosed for officers; officers are not compensated by the Funds | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
| Metric | 2024 | 2025 |
|---|---|---|
| Board Members and officers as a group – JQC shares owned (units) | 2,714 as of Dec 31, 2024 | Less than 1% of outstanding shares (group level) as of Feb 18, 2025 |
| JQC common shares outstanding (units) | 135,609,290 (as of Jan 19, 2024) | 135,609,290 (as of Feb 18, 2025) |
| Individual holdings for Brian J. Lockhart | Not disclosed in proxies | Not disclosed in proxies |
| Pledging / hedging | Not disclosed in proxies | Not disclosed in proxies |
| Ownership guidelines | Governance principle applies to Board Members (invest at least one year of compensation in fund complex) | Governance principle applies to Board Members (invest at least one year of compensation in fund complex) |
As of Feb 18, 2025, each individual Board Member’s beneficial holdings were less than 1% of the Fund; group ownership by Board Members and officers was also less than 1% . The proxies provide specific group share counts by fund but do not disclose Brian J. Lockhart’s individual holdings .
Employment Terms
| Term | Detail |
|---|---|
| Officer title | Vice President of the Fund |
| Officer election & term | Officers are elected by the Board annually to serve until successors are elected and qualified; term is indefinite |
| Start of service | Fund officer since 2019 |
| Employer (functional) | Senior Managing Director and Head of Investment Oversight at Nuveen; Senior Managing Director of Nuveen Fund Advisors, LLC |
| Compensation payor | Officers receive no compensation from the Funds; compensation administered by the Adviser |
| Section 16(a) compliance | Funds state Board Members and officers complied with applicable Section 16(a) filing requirements during the last fiscal year |
Investment Implications
- Pay-for-performance alignment at the Fund level is limited for officers because compensation is not paid by the Fund and no officer-specific incentive metrics or award structures are disclosed in proxies; evaluation should focus on Nuveen’s oversight quality rather than officer-level pay signals .
- Insider selling pressure appears minimal at the Fund level given group beneficial ownership by Board Members and officers is less than 1% and no pledging disclosures are provided; no individual ownership for Lockhart is disclosed in the proxies .
- Retention risk and change-of-control economics are not assessable from Fund filings due to lack of employment contract, severance, or vesting disclosures for officers; Lockhart’s long tenure (since 2019) and senior oversight role suggest continuity in investment oversight, but no contractual terms are available in Fund proxies .
- Trading signals linked to Lockhart specifically are not supported by proxy disclosures; Fund-level performance and discount/premium dynamics, distribution policy, leverage, and oversight committee activity are more relevant drivers for JQC than officer-level compensation or ownership actions .