David Lamb
Chief Administrative Officer (Principal Executive Officer) at Nuveen Taxable Municipal Income Fund
Executive
About David Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) of Nuveen Taxable Municipal Income Fund (NBB). He is based at 333 West Wacker Drive, Chicago, IL and was born in 1963; he has served as an officer of the Funds since 2015, and his principal occupations over the past five years include Senior Managing Director roles at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, with prior roles across Nuveen entities . Officers of the Funds receive no compensation from the Funds (compensation arrangements for the Chief Compliance Officer are paid by the Adviser, with the Funds reimbursing an allocable portion of incentive compensation), and proxy materials do not disclose Fund-linked performance metrics for officers . The 2024 proxy notes David Lamb filed a late Form 4 with respect to Credit Income, indicating a Section 16(a) compliance exception in the prior fiscal year .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Not disclosed | Executive leadership for fund advisory operations |
| Nuveen Securities, LLC | Senior Managing Director | Not disclosed | Executive leadership for distribution operations |
| Nuveen (parent) | Senior Managing Director | Not disclosed | Senior leadership across Nuveen entities |
| Nuveen (prior roles) | Various positions | Not disclosed | Prior positions across Nuveen; details not itemized in proxy |
External Roles
- External directorships or committee roles for David Lamb are not disclosed in the NBB proxy materials reviewed .
Fixed Compensation
| Item | Terms / Amount |
|---|---|
| Fund salary and bonus | None; “officers receive no compensation from the Funds” |
| CCO compensation (structure context) | Paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation (context on officer comp flows, though not specific to Lamb) |
Performance Compensation
- No Fund-linked performance metrics, incentive targets, or vesting provisions are disclosed for Fund officers; officer compensation is not paid by the Funds and is not itemized in proxy materials .
Equity Ownership & Alignment
| Metric | May 31, 2023 | May 31, 2025 |
|---|---|---|
| Fund shares owned by Board Members and Officers as a group (Taxable Income/NBB) | 432 | 497 |
- As of June 12, 2023, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund, indicating low aggregate “skin-in-the-game” at the Fund level .
- Individual officer (including Lamb) beneficial holdings in NBB are not itemized in the proxies; no pledging disclosures were identified in the NBB proxy materials .
- Section 16(a) compliance note: David Lamb filed a late Form 4 with respect to Credit Income in the prior year, a minor governance red flag to monitor for process discipline .
Employment Terms
| Item | Detail |
|---|---|
| Position | Chief Administrative Officer (Principal Executive Officer) |
| Term of Office | Indefinite; officers are elected by the Board on an annual basis to serve until successors are elected and qualified |
| Length of Service | Since 2015 (as an officer of the Funds) |
| Address / Year of Birth | 333 West Wacker Drive, Chicago, IL 60606; 1963 |
| Compensation from Fund | None (officers receive no compensation from the Funds) |
| Employment contract, severance, change-of-control, non-compete | Not disclosed in reviewed proxy materials |
Investment Implications
- Pay-for-performance linkage: Officer compensation is not paid by the Funds and no Fund-linked performance metrics are disclosed for officers, limiting visibility on incentive alignment with NBB total return or distribution stability .
- Alignment: Aggregate insider ownership at NBB is low (<1% across Board Members and officers), and individual officer holdings are not itemized; this suggests limited direct economic alignment from Fund-level ownership and minimal observable insider skin-in-the-game at NBB .
- Governance/compliance signals: The noted late Form 4 filing for Lamb at Credit Income is a minor red flag for Section 16 process discipline; monitor future Section 16 filings for Lamb and other officers for timely reporting and any material transactions .
- Retention risk: Lamb’s long tenure (since 2015) as Principal Executive Officer for the Funds suggests organizational continuity; specific employment protections or severance/change-of-control economics are not disclosed, leaving limited insight into retention levers .
- Trading signals: With individual officer holdings not disclosed for NBB and a lack of itemized insider transactions in the proxies, direct trading signals tied to Lamb are minimal; investors should track upcoming proxies and Section 16 filings for any changes in ownership or award activity .