Tina M. Lazar
About Tina M. Lazar
Tina M. Lazar serves as Vice President of Nuveen Dynamic Municipal Opportunities Fund (NDMO) and is a Managing Director of Nuveen Securities, LLC; she previously served as Senior Vice President of Nuveen Securities from 2014–2017 and has been an officer of the Fund since 2002 . Year of birth: 1961; principal office address: 333 West Wacker Drive, Chicago, IL 60606 . Officers receive no compensation from the Funds; compensation is paid by Nuveen affiliates (the Adviser) where applicable, with the CCO compensation reimbursed in part by the Funds, limiting disclosure of individual executive pay details at the Fund level . Fund proxy materials do not disclose TSR, revenue, or EBITDA performance metrics tied to Ms. Lazar’s role; such metrics are not presented for Fund officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Managing Director | 2017–present | Senior leadership of Nuveen Securities; principal occupation cited in Fund proxies |
| Nuveen Securities, LLC | Senior Vice President | 2014–2017 | Senior executive role prior to promotion; continuity in Nuveen distribution/compliance functions |
| Nuveen Dynamic Municipal Opportunities Fund (NDMO) | Vice President (Fund Officer) | Since 2002 | Long-tenured Fund officer; elected annually by the Board |
External Roles
No external directorships or committee roles for Ms. Lazar are disclosed in the Fund’s proxy materials beyond her Nuveen Securities occupation .
Fixed Compensation
- Officers receive no compensation from the Funds; the Funds have no employees, and officer compensation (where applicable, e.g., CCO) is paid by the Adviser, with the Funds reimbursing an allocable portion of the CCO’s incentive compensation .
- The proxy does not disclose Ms. Lazar’s base salary, target bonus, or cash/equity mix at Nuveen; Fund-level disclosures do not include individual officer compensation detail .
Performance Compensation
- No disclosure of performance-based pay (bonus metrics, PSUs/RSUs, option awards, vesting schedules) for Fund officers; officers are compensated by Nuveen affiliates, not by the Fund .
- No clawback, tax gross-ups, severance multiples, change-of-control, or deferred compensation elections are presented for Fund officers; only the Independent Board Member deferred compensation plan is described (not applicable to officers) .
Equity Ownership & Alignment
- Board governance principle: each Independent Board Member is expected to invest at least one year of compensation in funds within the Fund Complex to align interests; this principle does not impose ownership requirements on officers .
- As of June 20, 2025, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund, indicating limited aggregate insider ownership at the Fund level .
| Metric | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| All Board Members and Officers as a Group – NDMO (Dynamic Municipal) Shares | 0 | 0 | 0 | 0 |
- No pledging of Fund shares, hedging, or officer-specific holdings were disclosed for Ms. Lazar; beneficial ownership tables provide group totals and Board Member details but not officer-by-officer holdings for NDMO .
Employment Terms
| Term | Details |
|---|---|
| Officer election and term | Officers are elected annually by the Board; term is indefinite and officers serve until successors are elected and qualified . |
| Start date / tenure | Vice President of the Fund since 2002; continuous service as Fund officer . |
| Contracts / severance | No employment contracts, severance provisions, or change-of-control economics disclosed for Fund officers . |
| Non-compete / non-solicit | Not disclosed in Fund proxy materials . |
| Garden leave / consulting | Not disclosed in Fund proxy materials . |
Investment Implications
- Pay-for-performance transparency is limited: as a closed-end fund, officers receive no compensation from the Fund, and proxies do not detail Nuveen-level compensation structures, metrics, or vesting for Ms. Lazar—restricting analysis of cash vs equity mix, retention bonuses, or severance/change-of-control terms .
- Ownership alignment at the Fund level appears minimal: group beneficial ownership of NDMO shares is zero across multiple years, and the governance ownership expectation applies to Independent Board Members (not officers), reducing observable “skin-in-the-game” signals tied to Ms. Lazar .
- Insider trading signals are absent in Fund documents: no officer-level buying/selling data or Form 4 activity is presented in proxy or 8-K materials; lack of disclosed insider accumulation suggests limited direct alignment signals through Fund share ownership .
- Retention risk appears low from governance mechanics: officers are elected annually with indefinite terms and long-tenure context (since 2002), but the absence of disclosed employment contracts or severance/change-of-control protections makes Nuveen-level terms the determinant—outside Fund filings .
- Operational/governance backdrop: the 2023 Board Consolidation aligned Nuveen and TC Funds under unified oversight, potentially improving cost efficiencies and standardizing servicing; while not specific to Ms. Lazar, governance changes could influence fund operations rather than officer incentives .