Mark Winget
About Mark Winget
Mark L. Winget is Vice President and Secretary of Nuveen Taxable Municipal Income Fund (NBB), serving as a fund officer since 2008; his year of birth is 1968 . Officers of the Nuveen closed-end funds are elected annually by the Board to serve until successors are elected and qualified, and they receive no compensation from the Funds; officer compensation (e.g., the CCO) is paid by the Adviser (Nuveen/TIAA), with only an allocable portion of certain incentive costs reimbursed to the Adviser . Winget signed NBB’s October 13, 2023 Form 8-K announcing board consolidation across the Nuveen/TIAA fund complex, underscoring his governance role . Fund-level TSR or operating metrics tied to officer pay are not disclosed for officers in these proxies; the Funds have no employees and do not report officer pay-for-performance structures .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Taxable Municipal Income Fund (and Nuveen closed‑end funds) | Vice President and Secretary | Since 2008 | Fund officer responsible for governance and corporate secretary functions across the Nuveen fund complex |
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Current (as of June 20, 2025) | Legal/secretarial support to distribution entity |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Current (as of June 20, 2025) | Legal/governance support to the Adviser |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current (as of June 20, 2025) | Legal counsel and governance across TIAA affiliated funds |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current (as of June 20, 2025) | Legal support to investment management operations |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current (as of June 20, 2025) | Legal and governance support to asset management |
| Nuveen, LLC | Vice President and Associate General Counsel | Current (as of June 20, 2025) | Corporate legal leadership within Nuveen |
External Roles
- Not disclosed in the proxy statements for NBB .
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Fund-paid officer compensation | $0 | Officers of the Funds serve without any compensation from the Funds |
| Compensation source | Paid by Adviser (Nuveen/TIAA) | The CCO’s base and incentive are paid by the Adviser; Funds reimburse an allocable portion of CCO incentive only; officer compensation amounts (including Winget) are not itemized in fund filings |
| Pension/retirement plans | None at Fund level | The Funds do not have retirement or pension plans; deferred comp plan applies to Independent Board Members, not officers |
Performance Compensation
- No officer performance incentives or metrics are disclosed at the Fund level for Winget; officers receive no compensation from the Funds, and compensation frameworks for officers are not detailed in NBB proxies .
Equity Ownership & Alignment
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Group beneficial ownership (All Board Members/Nominees and Officers as a Group) – NBB shares | 432 | 467 | 497 |
| Ownership concentration | <1% of outstanding for each Fund (group) | <1% of outstanding for each Fund (group) | <1% of outstanding for each Fund (group) |
| NBB shares outstanding (Common) | 29,394,751 | 29,394,751 | 29,394,752 |
| Individual officer holdings | Not disclosed | Not disclosed | Not disclosed |
- No pledging, hedging, or individual officer ownership detail is disclosed for Winget in NBB proxies; only aggregate group holdings are shown .
Employment Terms
| Term | Disclosure |
|---|---|
| Position | Vice President and Secretary (Fund officer) |
| Election/Term | Officers are elected annually by the Board to serve until successors are elected and qualified; term listed as “Indefinite” in officer table |
| Length of Service | Since 2008 (as officer in the Nuveen fund complex) |
| Non‑compete / Non‑solicit / Garden leave | Not disclosed |
| Severance / Change‑of‑control | Not disclosed at Fund level for officers |
| Clawback | Not disclosed |
Performance & Track Record
- Governance action: Signed NBB’s Item 5.02 8‑K on October 13, 2023 announcing board consolidation across Nuveen/TIAA fund complex; consolidation aimed at cost efficiencies, aligned operating model, vendor scale, and reduced duplication in board operations .
- Section 16(a) compliance: Funds report compliance by Board Members and officers with Section 16(a) filing requirements in FY 2025 and prior year .
Compensation Structure Analysis
- No Fund‑paid officer compensation, thus no disclosed cash/equity mix, vesting schedules, or pay‑for‑performance linkages at the Fund level for Winget .
- Deferred compensation plan references apply to Independent Board Members only, not officers .
Related Party Transactions
- Not disclosed for Winget in NBB proxies; no officer‑specific related party transactions noted in the filings reviewed .
Risk Indicators & Red Flags
- Section 16(a) delinquency: None reported for officers in FY 2025; prior year also compliant .
- Hedging/pledging by officers: Not disclosed.
- Legal proceedings/SEC investigations: Not disclosed for Winget in filings reviewed .
Board Governance (Context; Winget is not a director)
- NBB operates under a unitary Board overseeing funds across the Nuveen/TIAA complex; seven standing committees manage governance and risk (Executive, Dividend, Audit, Compliance, Investment, Nominating & Governance, Closed‑End Fund), with documented meeting cadence and charters; these apply to Board Members, not officers .
Say‑on‑Pay & Shareholder Feedback
- Not applicable; closed‑end fund officers receive no Fund compensation and there is no say‑on‑pay mechanism disclosed for officers .
Expertise & Qualifications
- Legal and governance specialization as Vice President/Associate General Counsel across Nuveen/TIAA entities; multi‑entity secretarial roles within the Adviser and affiliates (Nuveen Securities, Nuveen Fund Advisors, Nuveen Asset Management, Teachers Advisors, TIAA‑CREF Investment Management) .
- Year of birth: 1968 .
Work History & Career Trajectory
- Long‑tenured fund officer in the Nuveen fund complex since 2008, with expanding legal/secretarial responsibilities across Nuveen/TIAA entities .
Compensation Committee Analysis
- Applies to Board Members; officers are not compensated by the Funds, so committee decisions on Board compensation do not affect Winget’s Fund‑level pay .
Investment Implications
- Alignment: With officers receiving no Fund compensation and individual officer holdings not disclosed, direct pay‑for‑performance alignment signals at Fund level are minimal for Winget; aggregate group ownership is immaterial (<1%) .
- Selling pressure: Absence of Fund‑paid equity awards or options for officers suggests limited insider‑selling pressure from officer grants at the Fund level .
- Retention risk: Tenure since 2008 indicates institutional continuity; however, employment contract terms, severance, and change‑of‑control protections for officers are not disclosed, limiting assessment of retention economics .
- Governance continuity: Winget’s role in executing the 2023 board consolidation 8‑K points to central involvement in fund governance processes, potentially supporting operational efficiency across the complex .