Gavin Reilly
About Gavin Reilly
Gavin C. Reilly serves as Assistant Treasurer of BNY Mellon Strategic Municipals, Inc. (LEO), a closed-end fund, and is a Tax Manager within BNY Fund Administration; he has held the Fund officer role since 2012 and was age 56 in the 2025 proxy (55 in the 2024 proxy) . Proxy disclosures focus on director compensation and governance and do not present officer-specific compensation metrics or pay-for-performance linkages (e.g., TSR, revenue, EBITDA), limiting visibility into his incentive alignment . He is an officer across a large set of BNY-managed investment companies, reflecting an administrative/operational remit rather than portfolio management or strategy execution .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Mellon Strategic Municipals, Inc. (LEO) | Assistant Treasurer | 2012–present | Fund officer overseeing tax/administrative functions supporting reporting and compliance |
No prior employment history beyond current role is disclosed in the LEO proxy filings reviewed .
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BNY Fund Administration (BNY Mellon) | Tax Manager | Not disclosed | Administrative leader across BNY fund complex; officer of 48 investment companies (106 portfolios) in 2025; 53 investment companies (116 portfolios) in 2024 |
Fixed Compensation
- Officer salary, bonus, or cash compensation details for Gavin Reilly are not disclosed in the Fund’s proxies; the Compensation Committee’s remit and disclosed compensation tables pertain to Board service (directors) only, and the Fund does not have a bonus, pension, profit-sharing or retirement plan for directors .
Performance Compensation
- No disclosures on RSUs/PSUs, options, performance metrics, targets, weights, or payouts for Fund officers (including Reilly) in the proxy statements reviewed .
Equity Ownership & Alignment
| Metric | Value |
|---|---|
| Common shares owned | 0 |
| VMTP shares owned | 0 |
| Common shares outstanding | 62,290,854 |
| Ownership % (Common) | 0.00% |
- As of April 10, 2025, none of the Fund’s officers (including Reilly) owned Common Stock or VMTP Shares; no pledging/hedging disclosures for officers are provided .
- Stock ownership guidelines for Fund officers, compliance status, and time-to-compliance are not disclosed in the proxy filings reviewed .
Employment Terms
| Term | Detail |
|---|---|
| Officer term | Each officer holds office for an indefinite term until a successor is elected and qualified |
| Assistant Treasurer start date | 2012 |
| Severance / Change-of-Control | Not disclosed in proxy filings reviewed |
| Non-compete / Non-solicit / Garden leave | Not disclosed in proxy filings reviewed |
| Clawback provisions | Not disclosed in proxy filings reviewed |
Investment Implications
- Lack of disclosed officer pay and performance metrics (including absence of equity awards/options) means limited insight into pay-for-performance alignment for Reilly’s role; the proxies’ compensation disclosures are director-focused and do not cover officers .
- Zero share ownership eliminates direct insider selling pressure signals; no Form 4 activity for officers is indicated in the proxies’ Section 16 summaries, which cite only third-party institutional holders (e.g., Bank of America) and, in 2025, Saba Capital as a 5%+ holder .
- Reilly’s role is administrative (Tax Manager/Assistant Treasurer) across the BNY fund complex, suggesting retention and incentives are driven by BNY employment structures rather than LEO-specific equity or bonus programs—data needed to assess severance/CIC economics or retention bonuses is not disclosed in Fund proxies .
Bottom line: With no officer compensation or equity detail in LEO’s proxies and zero beneficial ownership, there are no observable trading signals or vesting-related selling pressures tied to Gavin Reilly. Monitoring would therefore focus on Board/governance changes, adviser-level announcements, or external filings rather than Fund proxy updates for officer incentives .