David J. Lamb
About David J. Lamb
David J. Lamb (born 1963) serves as Chief Administrative Officer (Principal Executive Officer) of Nuveen Dynamic Municipal Opportunities Fund (NDMO), with tenure since 2015; he is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, and has previously held various roles at Nuveen . Officers of the Funds are elected annually by the Board to serve until successors are elected and qualified, with an indefinite term of office noted for Lamb . Section 16 compliance improved year over year: while a late Form 4 was reported for David Lamb (with respect to Credit Income) in the 2024 proxy , the 2025 proxy states all officers complied with Section 16(a) during the last fiscal year and the previous fiscal year .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Senior Managing Director | Not disclosed | Not disclosed |
| Nuveen Securities, LLC | Senior Managing Director | Not disclosed | Not disclosed |
| Nuveen (parent) | Senior Managing Director | Not disclosed | Not disclosed |
| Nuveen (prior roles) | Various positions with Nuveen | Not disclosed | Not disclosed |
External Roles
None disclosed in NDMO fund filings for David J. Lamb .
Fixed Compensation
| Component | From NDMO Fund | Notes |
|---|---|---|
| Base salary | Not paid by Fund | Officers of the Funds serve without any compensation from the Funds |
| Cash bonus | Not paid by Fund | Officers are compensated by the Adviser; the Funds reimburse only a portion of the Adviser’s CCO incentive compensation (not applicable to Lamb’s role) |
Performance Compensation
| Incentive Type | Metrics | Targets/Weighting | Payout | Vesting |
|---|---|---|---|---|
| Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
| Holder | NDMO Shares Owned (as of May 31, 2025) | Ownership % | Notes |
|---|---|---|---|
| David J. Lamb | Not disclosed | Not disclosed | Officer-specific holdings are not itemized in the proxy |
| Board Members and Officers (group) | 0 | Less than 1% of outstanding for each Fund | Group beneficial ownership in NDMO reported as 0 shares; group holdings were less than 1% across each Fund |
| Pledging/Hedging | Not disclosed | — | No disclosure regarding pledging or hedging by Lamb |
Additional ownership context:
- Dollar ranges for Board Members’ holdings are disclosed, but officer-specific ranges are not provided; NDMO Board Member holdings show $0 ranges, underscoring limited insider alignment at the Fund level .
Employment Terms
| Item | Detail |
|---|---|
| Current Title | Chief Administrative Officer (Principal Executive Officer) |
| Term of Office | Indefinite |
| Election Cadence | Officers elected annually by the Board; serve until successors are elected and qualified |
| Start Year | Since 2015 |
| Employer/Compensation Source | Nuveen Fund Advisors/Nuveen; officers receive no compensation from the Funds |
Investment Implications
- Pay-for-performance assessment is not feasible from fund disclosures: officers receive no compensation from the Funds, and the proxy provides no metrics, targets, or payout formulas for Lamb’s compensation at the Adviser level, limiting analysis of incentive alignment, severance, or change‑of‑control economics .
- Insider alignment appears modest at the Fund: group beneficial ownership in NDMO is 0 shares, and group holdings are under 1% across each Fund, reducing direct “skin‑in‑the‑game” signals at the fund level; no pledging/hedging disclosure for Lamb is provided .
- Governance/compliance: Lamb’s late Form 4 in 2024 (Credit Income) is a minor flag; subsequent full compliance reported in 2025 reduces near‑term regulatory risk signal .
- Retention risk looks low on disclosed terms: Lamb’s long tenure (since 2015) and indefinite term with annual re‑election suggests continuity, but absence of disclosed employment contract terms (non‑compete, severance, CoC) precludes a firm view on retention economics or exit incentives .