John M. McCann
About John M. McCann
John M. McCann serves as Vice President and Assistant Secretary of Nuveen Quality Municipal Income Fund (NAD); his length of service as an officer in the Nuveen fund complex is “since 2022,” and his year of birth is 1975 . He is a Senior Managing Director and Division General Counsel at Nuveen, with concurrent general counsel/assistant secretary roles across Nuveen Fund Advisors, Nuveen Asset Management, Teachers Advisors, TIAA‑CREF Investment Management, and related TIAA entities . Officers of the Funds receive no compensation from the Funds (compensation is borne by the Adviser), and the Fund reports compliance with Section 16(a) reporting for officers and affiliates in the most recent fiscal year . McCann’s initial Section 16 Form 3 indicated “No securities are beneficially owned” as of his event date (April 14, 2022) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director; Division General Counsel | Past 5 years (as disclosed) | Legal and governance leadership across Nuveen fund complex |
| Nuveen Fund Advisors, LLC | Senior Managing Director; General Counsel; Secretary | Past 5 years (as disclosed) | Adviser-level legal oversight for Funds |
| Nuveen Asset Management, LLC | Senior Managing Director; Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Legal support for asset management entity |
| Teachers Advisors, LLC | Senior Managing Director; Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | TIAA adviser legal/compliance roles |
| TIAA‑CREF Investment Management, LLC | Senior Managing Director; Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Investment management legal oversight |
| TIAA SMA Strategies LLC | Managing Director; Assistant Secretary | Past 5 years (as disclosed) | Legal/admin roles supporting SMA products |
| College Retirement Equities Fund; TIAA Separate Account VA‑1; TIAA‑CREF Funds; TIAA‑CREF Life Funds; Teachers Insurance and Annuity Association of America; Nuveen Alternative Advisors LLC | Managing/Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Board/governance and regulatory responsibilities across affiliated funds |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Nuveen (corporate) | Senior Managing Director; Division General Counsel | Past 5 years (as disclosed) | Corporate-level legal leadership |
| TIAA (affiliated entities) | Associate General Counsel/Assistant Secretary across multiple TIAA platforms | Past 5 years (as disclosed) | Functions include Teachers Advisors, TIAA‑CREF IM, insurance and fund complexes |
Fixed Compensation
| Component | Details |
|---|---|
| Base Salary | Not disclosed by NAD; officers “receive no compensation from the Funds.” Compensation for the CCO is paid by the Adviser, with the Fund reimbursing an allocable portion of the CCO’s incentive compensation (illustrative of officer compensation being borne by the Adviser) . |
| Target Bonus % | Not disclosed by NAD; officer compensation not paid by the Funds . |
| Actual Bonus Paid | Not disclosed by NAD; officer compensation not paid by the Funds . |
| Perquisites | Not disclosed by NAD . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed by NAD (officer compensation is not paid by the Funds; no performance metrics or equity incentives disclosed for officers) . |
Equity Ownership & Alignment
| Item | Details |
|---|---|
| Total beneficial ownership | “No securities are beneficially owned” on initial Form 3 filed April 21, 2022 (event date 04/14/2022) . |
| Ownership as % of shares outstanding | Not disclosed; Form 3 indicates no ownership . |
| Vested vs unvested shares | None disclosed; Form 3 indicates no ownership . |
| Options (exercisable vs unexercisable) | None disclosed; Form 3 indicates no ownership . |
| Pledged shares (collateral) | Not disclosed; no pledging noted in filings searched . |
| Stock ownership guidelines (officers) | Not disclosed by NAD; officers are adviser employees . |
| Section 16(a) compliance | Fund reports compliance with applicable Section 16(a) filing requirements for officers in the most recent fiscal year reviewed . |
Employment Terms
| Term | Details |
|---|---|
| Employment start date at Fund complex | Officer “Length of Service: Since 2022” . |
| Role | Vice President and Assistant Secretary . |
| Term length and election | Officers are elected by the Board annually; term is indefinite and they serve until successors are elected and qualified . |
| Auto‑renewal | Not applicable; annual Board election of officers . |
| Non‑compete / non‑solicit | Not disclosed by NAD . |
| Change‑of‑control / severance | Not disclosed by NAD (officers are paid by Adviser) . |
| Proxy authority | Named as a proxy holder for shareholder meetings (with Kevin J. McCarthy and Mark L. Winget) . |
Investment Implications
- Alignment and selling pressure: McCann’s Form 3 reported zero beneficial ownership of NAD at the time of his appointment, implying no immediate insider selling pressure and limited direct equity alignment with Fund shareholders .
- Pay-for-performance assessment: Officer compensation is not paid by NAD and is not disclosed in the proxy; therefore, standard pay‑for‑performance analysis (salary/bonus/equity/metrics) cannot be performed at the Fund level for McCann .
- Governance and retention: His role is legal/secretarial across Nuveen/TIAA affiliates, elected annually with an indefinite term; retention risk appears driven by Adviser employment terms rather than Fund‑level contracts, which are not disclosed in NAD filings .
- Compliance signal: The Fund reports compliance with Section 16(a) reporting for officers, a positive governance/control signal; no indications of delinquent filings in the latest fiscal year .
Note: Independent Board Member compensation is detailed in the proxies, but officers (including McCann) receive no compensation from the Funds; any compensation resides with the Adviser and is not disclosed in NAD’s proxy, limiting visibility into bonus metrics, vesting schedules, severance, and change‑of‑control terms for officers .