Tina M. Lazar
About Tina M. Lazar
Tina M. Lazar serves as Vice President of Nuveen Real Estate Income Fund (JRS) and has held this officer role since 2002. She is a Managing Director of Nuveen Securities, LLC, with her business address listed as 333 West Wacker Drive, Chicago, IL 60606; year of birth: 1961. Officers of the Fund receive no compensation from the Fund, and compensation details (salary/bonus/equity) for Fund officers are not disclosed at the Fund level; the Fund’s CCO is paid by the Adviser, with an allocable portion of incentive compensation reimbursed by the Funds. As of February 18, 2025, Board Members’ individual beneficial shareholdings were each less than 1% and the Board Members and executive officers as a group beneficially owned less than 1% of shares outstanding.
Past Roles
| Organization | Role | Years | Strategic Impact / Notes |
|---|---|---|---|
| Nuveen Real Estate Income Fund (JRS) | Vice President (Fund officer) | Since 2002 | Long-tenured officer supporting fund operations/governance; officers serve without compensation from the Fund. |
| Nuveen Securities, LLC | Managing Director | Since 2017 | Senior leadership at Nuveen’s distribution entity; principal occupation for past 5+ years. |
| Nuveen Securities, LLC | Senior Vice President | 2014–2017 | Preceded elevation to Managing Director in 2017. |
| Nuveen Investments Holdings, Inc. | Senior Vice President | By 2014–2016 | Senior role at Nuveen Investments affiliates pre-/post-2014. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in company filings for this officer | — | — | — |
Fixed Compensation
Officers of the Fund receive no compensation from the Fund; compensation disclosures for Fund officers (base salary, bonus) are not provided at the Fund level. The CCO’s compensation (salary and incentive) is paid by the Adviser; the Fund reimburses an allocable portion of the CCO’s incentive compensation.
| Component | FY Reference | Amount/Terms |
|---|---|---|
| Base Salary | Not disclosed at Fund level (officers not paid by Fund) | N/A |
| Target/Actual Bonus | Not disclosed at Fund level | N/A |
| Perquisites/Other Cash | Not disclosed at Fund level | N/A |
Performance Compensation
No fund-level performance-linked compensation is disclosed for Fund officers (e.g., RSUs/PSUs/options/metrics/vesting) because officers serve without compensation from the Fund.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
Equity Ownership & Alignment
- Beneficial Ownership: As of February 18, 2025, each Board Member’s individual beneficial shareholdings in each Fund were less than 1%, and Board Members and executive officers as a group beneficially owned less than 1% of outstanding shares. Individual officer holdings by name (including Ms. Lazar) are not itemized in the proxy.
- Section 16 Reporting: Ms. Lazar appears as a reporting person on Form 4 for JRS, evidencing Section 16 reporting obligations; transaction specifics are contained in the SEC filing.
- Pledging/Hedging: No pledging/hedging or ownership guideline disclosures specific to Fund officers were found.
| Ownership Detail | As Disclosed |
|---|---|
| Individual officer holdings (by officer) | Not itemized in proxy; group ownership provided only. |
| Officers and Board as a group | <1% of outstanding shares as of Feb 18, 2025. |
| Shares pledged as collateral | Not disclosed for Fund officers. |
| Ownership guidelines (officers) | Not disclosed. |
Employment Terms
| Term | Disclosure |
|---|---|
| Position | Vice President (Fund officer). |
| Term of Office | Indefinite; Length of Service: Since 2002. |
| Employer of Record | Managing Director, Nuveen Securities, LLC (affiliated adviser/distributor). |
| Contract, Severance, Change-in-Control | Not disclosed for Fund officers at the Fund level; officers not compensated by the Fund. |
| Non-compete/Non-solicit/Garden Leave | Not disclosed. — |
Performance & Track Record
- Background/Qualifications: Long-tenured Fund officer since 2002; Managing Director at Nuveen Securities, LLC since 2017; prior Senior Vice President at Nuveen entities. Education not disclosed in Fund proxy officer table.
- Compliance: The Fund reported Section 16(a) compliance for Board Members and officers during the last fiscal year, noting exceptions for certain named individuals (not including Ms. Lazar).
Board Governance (context; Ms. Lazar is not a director)
- Officer status only; not a Board Member. Board member compensation and committee structure are disclosed but do not apply to officers.
Related Party Transactions and Red Flags
- No related party transactions, tax gross-ups, option repricings, or clawback actions specific to Ms. Lazar were disclosed at the Fund level.
Compensation Structure Analysis
- Because officers receive no compensation from the Fund, there is no fund-level cash/equity mix, metric calibration, or vesting schedule to benchmark or trend for Ms. Lazar at the Fund level.
Say-on-Pay & Compensation Peer Group
- Not applicable to Fund officers; no say-on-pay or peer-group benchmarking for officers at the Fund level.
Investment Implications
- Alignment and selling pressure: With officers not compensated by the Fund and group share ownership under 1%, direct alignment via Fund equity is limited and insider-selling pressure appears structurally muted; monitor Form 4 filings for any changes.
- Retention risk: Ms. Lazar’s multi-decade tenure and senior role at Nuveen Securities, LLC suggest low near-term retention risk tied to Fund-level pay structures; any retention dynamics would be governed by Nuveen/TIAA internal arrangements not disclosed at the Fund level.
- Governance/COC economics: No fund-level severance, change-of-control, or accelerated vesting related to Fund officer roles are disclosed, reducing shareholder exposure to parachute costs.
- Trading signals: Given minimal disclosed individual holdings at the Fund level, trading signals from officer transactions are limited; continue to track Section 16 filings for any meaningful purchases/sales.