David J. Lamb
About David J. Lamb
David J. Lamb is Chief Administrative Officer (Principal Executive Officer) of Nuveen Quality Municipal Income Fund (NAD), serving with an indefinite term and length of service since 2015 . Born in 1963, he is currently Senior Managing Director at Nuveen Fund Advisors, Nuveen Securities, and Nuveen, and previously held various roles including Senior Vice President (2006–2017) and Vice President prior to 2006 at Nuveen . Officers of the Funds receive no compensation from the Funds (compensation is at the adviser level), so fund proxy disclosures do not present officer-specific pay metrics or TSR/revenue/EBITDA performance ties .
Notable disclosure: NAD reported overall compliance with Section 16(a) filings, noting David Lamb filed a late Form 4 with respect to “Credit Income” (another Nuveen fund) in the prior fiscal year .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (parent) | Senior Managing Director | Since 2021 | Not disclosed in fund proxy |
| Nuveen (parent) | Managing Director | 2017–2021 | Not disclosed in fund proxy |
| Nuveen (parent) | Senior Vice President | 2006–2017 | Not disclosed in fund proxy |
| Nuveen (parent) | Vice President | Prior to 2006 | Not disclosed in fund proxy |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2019 | Not disclosed in fund proxy |
| Nuveen Securities, LLC | Senior Managing Director | Since 2021 | Not disclosed in fund proxy |
| Nuveen Securities, LLC | Managing Director | 2017–2021 | Not disclosed in fund proxy |
| Nuveen Quality Municipal Income Fund (NAD) | Vice President | 2015–2020 | Officers receive no compensation from the Funds; responsibilities not detailed |
| Nuveen Quality Municipal Income Fund (NAD) | Chief Administrative Officer (Principal Executive Officer) | Since 2021 | Officers receive no compensation from the Funds; responsibilities not detailed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in NAD proxies | — | — | — |
Fixed Compensation
Officers receive no compensation from the Funds. Compensation for officers is at the adviser (Nuveen/TIAA) level and is not reported in NAD’s proxy filings .
| Component | NAD Fund-Level Disclosure | Evidence |
|---|---|---|
| Base salary | Not applicable at the Fund level | “Officers receive no compensation from the Funds.” |
| Target/Actual bonus | Not applicable at the Fund level | “Officers receive no compensation from the Funds.” |
| Cash perquisites | Not applicable at the Fund level | “Officers receive no compensation from the Funds.” |
Performance Compensation
Performance-based equity or cash incentives (RSUs/PSUs/options, metrics, vesting) are not presented at the Fund level for officers, as compensation is not paid by the Funds .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at Fund level | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Disclosure | Evidence |
|---|---|---|
| Beneficial ownership (Fund-level officer holdings) | Not presented in officer section | Officers section and principal shareholders section do not enumerate officer holdings; proxy notes no >5% holders except appendix references |
| Section 16(a) compliance | Generally compliant; late Form 4 by David Lamb with respect to “Credit Income” | “David Lamb filed a late Form 4 filing with respect to Credit Income.” |
| Shares pledged as collateral | Not disclosed | No pledging statement for officers appears in NAD proxy |
| Ownership guidelines | Not disclosed | NAD proxy does not present officer ownership guideline status |
Employment Terms
| Term | Detail | Evidence |
|---|---|---|
| Current role | Chief Administrative Officer (Principal Executive Officer) | Officer table identification |
| Term of office | Indefinite | Officer table shows “Term: Indefinite” |
| Length of service | Since 2015 | Officer table shows “Length of Service: Since 2015” |
| Election cadence | Officers elected by the Board on an annual basis to serve until successors are elected and qualified | Standard officer election statement in proxy |
| Severance / change-of-control | Not disclosed at Fund level; compensation/contracts reside at adviser | Fund proxy does not include officer employment/severance terms; officers receive no compensation from the Funds |
| Clawbacks / gross-ups | Not disclosed at Fund level | Not presented in officer disclosures |
| Non-compete / non-solicit | Not disclosed at Fund level | Not presented in officer disclosures |
Investment Implications
- Compensation alignment: Because officers receive no compensation from the Funds, NAD’s proxy does not tie Lamb’s pay to fund-level performance metrics; alignment analysis must focus on adviser-level disclosures (Nuveen/TIAA), which are not included in NAD filings .
- Retention/stability: Lamb’s tenure since 2015 and elevation to Principal Executive Officer indicate continuity in fund administration; term is indefinite, and officers are elected annually, suggesting stable governance of fund operations .
- Trading/ownership signals: Fund-level officer ownership and vesting schedules are not disclosed; one red flag is a late Form 4 filed by Lamb in another Nuveen fund (“Credit Income”), which is a reporting lapse rather than an alignment breach; no pledging or hedging disclosures for Lamb appear in NAD proxies .
- Governance context: Board governance changes and consolidations are disclosed via 8-Ks, but they do not alter the officer compensation non-payment framework at the Fund level; monitoring adviser-level documents would be required for pay-for-performance and severance/change-of-control analyses .