David Lamb
About David Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) of Nuveen AMT-Free Quality Municipal Income Fund (NEA). Born in 1963, he has served in this officer role since 2015; officers are elected annually and serve until successors are elected and qualified . His principal occupations over the past five years include Senior Managing Director roles at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen; prior roles include Managing Director and Senior Vice President positions at Nuveen-affiliated entities . NEA’s filings do not disclose executive performance metrics such as TSR, revenue growth, or EBITDA growth tied to Mr. Lamb’s role; officers receive no compensation from the Fund .
Past Roles
| Organization | Role | Years | Source |
|---|---|---|---|
| Nuveen (parent) | Senior Managing Director | Since 2021; formerly Managing Director (2017–2021); Senior Vice President (2006–2017) | |
| Nuveen Securities, LLC | Senior Managing Director | Since 2021; formerly Managing Director (2020–2021) | |
| Nuveen Fund Advisors, LLC | Managing Director / Senior Managing Director | Managing Director since 2019; Senior Managing Director noted since 2021 | |
| NEA (Nuveen AMT-Free Quality Municipal Income Fund) | Officer—Vice President (historical) | Vice President listed in fund officer slate in 2020 | |
| NEA (Nuveen AMT-Free Quality Municipal Income Fund) | Chief Administrative Officer (Principal Executive Officer) | Since 2015 (indefinite term; elected annually) |
External Roles
No external directorships or non-Nuveen roles for David Lamb are disclosed in NEA proxy filings; officer biographies list Nuveen-affiliated positions and responsibilities only .
Fixed Compensation
Officers of NEA receive no compensation from the Fund. Compensation, if any, is provided by Nuveen or its affiliates and is not disclosed in NEA filings.
| Component | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Officer compensation from NEA ($USD) | $0 | $0 | $0 | $0 | $0 |
Notes:
- Officers “receive no compensation from the Funds,” repeated across proxy years .
Performance Compensation
NEA does not provide Fund-level equity or cash incentives to officers. No RSUs/PSUs, options, performance metrics, targets, or payout formulas are disclosed for officers in NEA filings; vesting schedules and clawback provisions for officers are not disclosed at the Fund level .
Equity Ownership & Alignment
Individual officer (including David Lamb) beneficial ownership is not itemized; proxies disclose group holdings and board-member ranges. The Fund reports that Board Members and executive officers as a group beneficially own less than 1% of the outstanding shares of each Fund as of June 20, 2025 .
| Metric | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| All Board Members & Officers as a Group – NEA shares owned | 11,861 | 11,773 | 8,892 | 6,400 | 6,808 |
| Group ownership as % of NEA outstanding | n/a | n/a | n/a | n/a | <1% |
Additional alignment disclosures:
- Board Member governance principle expects each independent Board Member to invest at least one year of compensation across the Fund Complex; this principle applies to Board Members, not Fund officers .
Pledging, hedging, and insider transactions:
- NEA filings do not disclose pledging or hedging policies for officers, nor any Form 4 transactions for David Lamb within the proxies and 8-Ks cited here .
Employment Terms
| Term Element | Disclosure | Source |
|---|---|---|
| Role | Chief Administrative Officer (Principal Executive Officer) | |
| Start in Officer Role | Since 2015 | |
| Term Length | Indefinite; officers elected by the Board annually; serve until successors are elected and qualified | |
| Compensation Source | Officers receive no compensation from NEA | |
| Employment Contract, Severance, Change-of-Control | Not disclosed in NEA filings | |
| Clawbacks & Tax Gross-ups | Not disclosed in NEA filings | |
| Address of Record | 333 West Wacker Drive, Chicago, IL 60606 |
Investment Implications
- Pay-for-performance at Fund level is non-operative for officers: NEA pays no officer compensation; any incentive alignment occurs via Nuveen/TIAA frameworks not disclosed in NEA filings, limiting visibility into compensation levers, vesting schedules, and potential selling pressure .
- Ownership alignment at the Fund appears modest: group-level holdings for NEA declined versus 2020–2021 and remain below 1% of outstanding shares as of 2025, suggesting limited direct “skin-in-the-game” for officers; Board Member ownership expectations do not extend to officers .
- Retention and contract economics cannot be assessed from NEA documents: no severance, change-of-control, or clawback disclosures at the Fund level for officers; election is annual with indefinite terms, implying Board-driven continuation rather than negotiated employment terms in NEA filings .
- Trading signals and selling pressure are largely unobservable from NEA proxies: absence of officer-level equity awards and vesting schedules at the Fund, plus lack of officer-specific ownership disclosures, reduces predictive signals on insider behavior; monitor separate Section 16 and Form 4 filings for David Lamb if available outside the proxies .