R. Tanner Page
About R. Tanner Page
R. Tanner Page serves as Vice President and Treasurer of NAZ, with a term of office designated as indefinite and service beginning in 2025; his principal occupation over the past five years is Managing Director at Nuveen (formerly Vice President), and his year of birth is 1985 . Officers of the Fund serve without compensation from the Fund, and the proxy materials provide officer biographies but do not disclose individual performance metrics (TSR, revenue/EBITDA growth) tied to officer compensation for NAZ . Officers are elected annually by the Board and serve until successors are elected and qualified .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Managing Director; formerly Vice President | Past five years (exact dates not disclosed) | Not disclosed |
External Roles
- Not disclosed in NAZ proxy materials for R. Tanner Page .
Fixed Compensation
Officers of the Funds receive no compensation from the Funds; the Fund has no employees, and officer compensation (e.g., CCO) is paid by the Adviser (Nuveen) with reimbursement for specified incentive compensation, but individual officer salary/bonus details for Page are not disclosed .
| Component | Amount | Notes |
|---|---|---|
| Fund-paid base salary | $0 | Officers serve without compensation from the Funds |
| Fund-paid target bonus | $0 | Officers serve without compensation from the Funds |
| Fund-paid actual bonus | $0 | Officers serve without compensation from the Funds |
Performance Compensation
- No fund-paid performance compensation (RSUs/PSUs/options/cash incentives) is disclosed for officers; officers receive no compensation from the Funds .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership (NAZ) | Not individually disclosed for officers; Board Members individually held 0 shares; “All Board Members/Nominees and Officers as a Group” held 0 shares in NAZ as of Oct 22, 2025 . |
| Ownership as % of shares outstanding | Each Board Member’s individual beneficial shareholdings constituted less than 1% of the outstanding shares; Board Members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund as of Oct 22, 2025 . |
| Vested vs. unvested shares | Not disclosed for officers . |
| Options (exercisable/unexercisable) | Not disclosed for officers . |
| Shares pledged as collateral | Not disclosed for officers in proxy materials reviewed . |
| Stock ownership guidelines | Governance principle applies to Board Members (expected to invest at least the equivalent of one year of compensation across Fund Complex); not specified for officers . |
| Compliance status | Not applicable to officers based on disclosures; not specified . |
Employment Terms
| Term | Detail |
|---|---|
| Current role | Vice President and Treasurer |
| Term of office | Indefinite; officers are elected annually by the Board to serve until successors are elected and qualified |
| Start date (Fund officer) | Since 2025 |
| Employer | Officers serve the Funds; principal occupation with Nuveen (Managing Director; formerly VP) |
| Contract term length | Not disclosed |
| Severance provisions | Not disclosed |
| Change-of-control provisions | Not disclosed |
| Clawback provisions | Not disclosed |
| Non-compete / non-solicit | Not disclosed |
| Garden leave / consulting | Not disclosed |
Performance & Track Record
- Fund documents provide officer biography and governance details but do not disclose officer-specific TSR or operational performance metrics tied to compensation for NAZ; Section 16(a) filings compliance is noted for Board Members and officers in the last fiscal year .
Risk Indicators & Red Flags
- Section 16(a) compliance: Based on a review of furnished forms, Board Members and officers complied with applicable Section 16(a) filing requirements during the last fiscal year and the previous fiscal year .
- Hedging/pledging: No officer hedging or pledging disclosures identified in proxy content reviewed .
- Related-party transactions: Not disclosed at the officer level for NAZ in the proxy content examined .
Compensation Committee Analysis
- The proxy details Board committee structures and compensation but does not identify an officer compensation committee for NAZ; officer compensation is not paid by the Funds .
Investment Implications
- Alignment: With $0 fund-paid compensation to officers and no disclosed fund-level equity grants or holdings for officers (group holdings in NAZ are 0), there is minimal direct pay-for-performance alignment or insider-driven trading signal at the Fund level for Page .
- Retention risk: Employment terms for Fund officers are indefinite and elected annually; severance, change-of-control, and clawback terms are not disclosed, so retention/incentive levers appear to be determined by Nuveen (Adviser) policies outside Fund disclosures .
- Selling pressure: Absence of fund-paid equity awards and zero group ownership in NAZ suggest limited fund-driven vesting or forced-selling dynamics tied to NAZ’s stock; any selling pressure would more likely originate from Nuveen-level compensation instruments, which are not disclosed here .
- Governance and compliance: Section 16(a) compliance reduces regulatory risk flags; lack of pledging/hedging disclosures for officers suggests no observable misalignment from proxy materials, but absence of detailed officer compensation and ownership limits inference precision .