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Gariel Nahoum

Chief Legal Officer at NEUBERGER MUNICIPAL FUND
Executive

About Gariel Nahoum

Gariel Nahoum (born 1983) serves as Chief Legal Officer of NBH since March 2025 solely for purposes of Sections 307 and 406 of the Sarbanes-Oxley Act, and concurrently as General Counsel, U.S. Registered Funds (Neuberger Berman Investment Advisers LLC) as of March 2025; he has been a Senior Vice President at NBIA since 2017, previously Associate General Counsel, Mutual Funds (2017–2025) and Assistant General Counsel & Vice President (2014–2016) . Officers who are employees of NBIA or affiliates serve without any compensation from the Funds, and the proxy does not present officer salary/bonus/equity details or performance-linked metrics for fund officers . As of May 31, 2025, directors and officers of each Fund collectively owned less than 1% of each class of outstanding shares; the principal executive and principal financial officers owned no Fund shares .

Past Roles

OrganizationRoleYearsNotes
NBH (Fund officer designation)Chief Legal Officer (for SOX §§307 & 406)Mar 2025–PresentLegal standards of conduct/compliance role for the Fund .
NBIA (Neuberger Berman Investment Advisers LLC)General Counsel, U.S. Registered FundsMar 2025–PresentLegal leadership for registered funds platform .
NBIASenior Vice President2017–PresentSenior legal/executive position .
NBIAAssociate General Counsel, Mutual Funds2017–2025Fund legal counsel responsibilities .
NBIAAssistant General Counsel & Vice President2014–2016Fund legal counsel responsibilities .

External Roles

No external public company board roles or committee positions for Gariel Nahoum are disclosed in the NBH DEF 14A; the “Other Directorships” section applies to Directors, not officers .

Fixed Compensation

  • Officers who are employees of NBIA or its affiliates serve as Fund officers without any compensation from the Funds; base salary, bonus, and perquisites for officers are not disclosed in the Fund’s proxy .
  • The proxy presents director retainers and meeting fees, but does not provide officer pay details (salary, target bonus, or benefits) at the Fund level .

Performance Compensation

  • No RSU/PSU/option awards for Fund officers are disclosed; the proxy does not present performance metrics (e.g., revenue/EBITDA/TSR) tied to officer compensation for NBH .

Equity Ownership & Alignment

Ownership Item (as of May 31, 2025)Status
Directors and officers aggregate ownershipLess than 1% of each class
Principal Executive Officer and Principal Financial Officer ownershipOwn no Fund shares
Individual officer ownership details (including Gariel Nahoum)Not individually disclosed in the proxy
Pledging or hedging of Fund stockNot disclosed

Additional compliance role: Nahoum is listed as an attorney-in-fact empowered to execute Forms 3/4/5 for certain insiders in the NBH fund complex, evidencing his involvement in Section 16 compliance processes .

Employment Terms

  • Officers are appointed by the Directors, “serve at the pleasure of the Board,” and may be removed at any time with or without cause; officers hold office until a successor is elected and qualified or earlier death, inability to serve, or resignation .
  • Business address for officers is 1290 Avenue of the Americas, New York, NY 10104 .
  • Role scope: “Chief Legal Officer” designation applies only for purposes of SOX Sections 307 (standards of conduct for attorneys) and 406 (code of ethics for senior financial officers), indicating a compliance-focused remit rather than operating performance accountability .

Investment Implications

  • Pay-for-performance transparency: Officer compensation for NBH fund officers is not disclosed (officers receive no compensation from the Funds), limiting assessment of incentive alignment, severance, change-of-control, or clawback terms at the Fund level .
  • Ownership alignment: Aggregate officer and director ownership is below 1%, and the principal executive and principal financial officers hold no shares; no individual officer holdings for Nahoum are disclosed, reducing direct fund-level alignment signals and minimizing insider selling pressure attributable to him .
  • Governance and retention: Officers serve at the pleasure of the Board with at-will removal, providing Board flexibility but leaving employment contract economics (non-compete, severance, change-of-control triggers) unreported for fund officers; retention risk cannot be evaluated from the proxy .
  • Compliance orientation: Nahoum’s SOX-limited Chief Legal Officer designation and attorney-in-fact authority on Section 16 filings emphasize a legal/compliance role; no operational performance metrics are tied to his Fund role in the proxy .