Brian Lawrence
About Brian Lawrence
Brian H. Lawrence (born 1982) serves as Vice President and Assistant Secretary of Nuveen New York Quality Municipal Income Fund (NYSE: NAN), with an indefinite term and service since 2023 . His principal occupations over the past five years include Vice President and Associate General Counsel of Nuveen, and Vice President, Associate General Counsel and Assistant Secretary of Teachers Advisors, LLC and TIAA‑CREF Investment Management, LLC; he was formerly Corporate Counsel at Franklin Templeton from 2018–2022 . Officers of the Funds serve without compensation from the Funds (paid by the Adviser), and the proxy does not provide individual officer compensation metrics or pay‑for‑performance disclosures for fund officers . As of June 13, 2024, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund; individual officer ownership for Lawrence is not separately disclosed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Vice President and Associate General Counsel | Not disclosed (current within past five years) | Not disclosed |
| Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Not disclosed (current within past five years) | Not disclosed |
| Franklin Templeton | Corporate Counsel | 2018–2022 | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | — | — | — |
Fixed Compensation
- Officers of the Funds receive no compensation from the Funds; compensation for the Chief Compliance Officer is paid by the Adviser and partially reimbursed by the Funds for incentive compensation, indicating officer pay is at the Adviser level and not disclosed in the Fund proxy (no base salary, bonus, RSU/option details for Lawrence in Fund filings) .
- The proxy includes detailed retainers for Independent Board Members, but these do not apply to Fund officers like Lawrence .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
Note: Portfolio manager compensation (base, cash bonus, 3‑year long‑term award, profits interest) in the Fund complex is disclosed generally for investment personnel, not for legal officers; no linkage to Lawrence’s compensation is provided .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership | Not separately disclosed for Lawrence |
| Group beneficial ownership | Board Members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund as of June 13, 2024 |
| Shares pledged/hedged | Not disclosed for officers in the proxy |
| Ownership guidelines | The “invest at least one year of compensation” guideline applies to Independent Board Members, not officers |
| Fund | Group Holdings (Shares) | Period |
|---|---|---|
| New York Quality Income (NAN) | 0 | FY 2024 (as of May 31, 2024) |
The proxy provides aggregate group ownership by fund; New York Quality Income shows zero shares for the group as of May 31, 2024. Individual officer holdings (including Lawrence) are not broken out .
Employment Terms
| Term Aspect | Disclosure |
|---|---|
| Position | Vice President and Assistant Secretary |
| Start/Service Length | Indefinite term; Length of service since 2023 |
| Election & Tenure | Officers elected annually by the Board to serve until successors are elected and qualified |
| Employment Contract | Not disclosed (officer is employed by Nuveen/TIAA affiliates; no Fund‑level employment agreement disclosed) |
| Severance & Change‑of‑Control | Not disclosed for Fund officers; general “golden parachute” policy commentary appears in separate fund materials, not officer‑specific |
| Clawbacks | No officer‑specific clawback disclosure; general compensation governance commentary in fund materials, not officer‑specific |
Investment Implications
- Pay‑for‑performance and trading signals: Lack of officer‑level compensation disclosure (salary/bonus/equity, vesting) and minimal disclosed ownership at the Fund level reduce direct pay‑alignment or insider‑selling signal relevance for Lawrence .
- Retention/contract risk: Officers serve on an indefinite term, elected annually, with no Fund‑level employment, severance, or change‑of‑control terms disclosed—suggesting standard employment at the Adviser with no Fund‑specific retention constructs disclosed .
- Governance/Section 16 context: The Fund reports Section 16 compliance among insiders in the latest fiscal year, with a prior late filing noted for a different officer (David Lamb) at another Fund; no insider transaction disclosures specific to Lawrence were provided, indicating low visibility into potential selling pressure from him via Fund filings .
- Net takeaway: Lawrence’s role is administrative/legal across the Nuveen/TIAA fund complex; absent officer‑level compensation and ownership detail, there is limited evidence of incentive‑driven trading or Fund‑specific alignment levers tied to NAN. Focus monitoring on Adviser‑level disclosures rather than Fund proxies for any future insight into his compensation or equity exposure .