David Lamb
About David Lamb
David J. Lamb is Chief Administrative Officer (Principal Executive Officer) of Nuveen New York Quality Municipal Income Fund (NAN), serving since 2015; he is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, and has previously held various positions at Nuveen (year of birth 1963) . The fund discloses no officer-specific performance-linked compensation metrics (e.g., TSR, revenue/EBITDA), and officers receive no compensation from the Funds (officer pay is at the Adviser level), limiting pay-for-performance assessment at the fund-entity level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen New York Quality Municipal Income Fund | Chief Administrative Officer (Principal Executive Officer) | 2015–present | Principal executive oversight for fund administration and governance interface |
| Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen (parent) | Senior Managing Director | Not disclosed (current) | Senior leadership roles across adviser/distributor supporting fund operations |
External Roles
No external directorships or committee roles for David Lamb are disclosed in the fund’s proxy statements .
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Base salary | Not disclosed by fund | Officers receive no compensation from the Funds; compensation is paid by the Adviser (Nuveen) and not itemized in fund proxies |
| Target/Actual bonus | Not disclosed by fund | Not itemized in fund proxies |
| Perquisites | Not disclosed by fund | Not itemized in fund proxies |
| Pension/SERP/Deferred comp | Not disclosed by fund | Not itemized in fund proxies |
| CCO compensation model (context) | Paid by Adviser; Funds reimburse allocable portion of CCO incentive comp | Illustrates officer pay sits at Adviser, not fund; applicable to CCO, not Lamb specifically |
Performance Compensation
| Incentive Type | Metric(s) | Weighting | Target | Actual/Payout | Vesting |
|---|---|---|---|---|---|
| Annual/Long-term incentives | Not disclosed by fund | — | — | — | — |
The fund’s proxy does not disclose officer performance metrics, goals, or vesting terms for Lamb; officers are not compensated by the Funds, and adviser-level plans are not itemized here .
Equity Ownership & Alignment
| Item | As of | Value | Detail / Implication |
|---|---|---|---|
| NAN common shares outstanding | Jun 20, 2025 | 30,849,666 | Share base for ownership context |
| Officer/Board ownership in NAN (group) | May 31, 2025 | 0 shares | Board Members and officers as a group reported 0 NAN shares; indicates limited direct ownership alignment at the fund level |
| Individual officer ownership (Lamb) | May 31, 2025 | Not separately disclosed | Individual officer holdings are not broken out; group totals provided; as of record date, Board Members’ individual holdings in each fund were <1% and Board Members and officers as a group held <1% in each fund |
| Pledging/Hedging | — | Not disclosed | No pledging/hedging disclosure for officers in NAN proxy appendices |
| Ownership guidelines (Board context) | — | Expectation to invest ≥1 year of compensation (Board Members) | Board-level governance principle; not specific to officers |
Note: Attempted to retrieve Form 4 insider transactions for “David Lamb” via the insider-trades skill; data could not be fetched in this session. The 2024 proxy notes a late Form 4 by David Lamb relating to the Credit Income fund (NZF), confirming he is a Section 16 filer within the complex .
Employment Terms
| Term | Disclosure | Notes |
|---|---|---|
| Appointment/Role | Chief Administrative Officer (Principal Executive Officer) | Officer of the Fund with indefinite term; service since 2015 |
| Employment agreement | Not disclosed | Fund has no employees; officers serve without compensation from the Funds |
| Severance | Not disclosed | No severance terms disclosed at fund level |
| Change-in-control | Not disclosed | No CIC provisions disclosed at fund level |
| Non-compete / Non-solicit | Not disclosed | Not addressed in fund proxy |
| Clawbacks / Tax gross-ups | Not disclosed | Not addressed in fund proxy |
Risk Indicators & Red Flags
- Section 16(a) compliance: 2024 proxy notes David Lamb filed a late Form 4 with respect to Credit Income (NZF), a process/compliance blemish; the 2025 proxy reports compliance for the last fiscal year, suggesting no ongoing issues .
- Ownership alignment: Group ownership in NAN is 0 shares as of May 31, 2025; while not unusual for fund officers whose pay sits at the Adviser, it limits direct fund-level alignment signaling .
Investment Implications
- Pay-for-performance analysis at the fund level is constrained: officer compensation is borne by the Adviser (Nuveen) and not disclosed in fund proxies, so there is no visibility into Lamb’s salary/bonus/performance equity mix, targets, or vesting—limiting inference on incentive alignment or near-term selling pressure from vesting events .
- Ownership alignment appears minimal at the fund entity: Board Members and officers as a group held 0 NAN shares as of May 31, 2025, which weakens direct “skin in the game” signaling at the fund level (though Board Members have a governance principle to invest one year’s compensation across the complex) .
- Compliance: A single late Section 16(a) Form 4 (Credit Income) in 2024 is a modest governance blemish but not a recurring issue per 2025 compliance disclosure; continued monitoring of Section 16 filings is prudent for trading-signal awareness .
Overall, for trading and retention-signal purposes, fund-level proxies provide limited visibility on Lamb’s compensation levers or vesting cadence; monitoring complex-wide Section 16 filings and Adviser-level disclosures (if available) would be necessary to assess insider selling pressure, retention risk, or incentive shifts. Citations: .