R. Tanner Page
About R. Tanner Page
R. Tanner Page is Vice President and Treasurer of Nuveen California AMT‑Free Quality Municipal Income Fund (NKX); he is a Managing Director at Nuveen and previously served as Vice President at Nuveen. He was born in 1985 and began serving as an officer in the Nuveen fund complex in 2025 . NKX’s officers serve without compensation from the Fund, and Section 16 filings indicate Page reported no beneficial ownership upon his appointment in 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Managing Director | Not disclosed | Senior leadership role supporting fund operations and treasury for the Nuveen fund complex . |
| Nuveen | Vice President | Not disclosed | Prior management experience at Nuveen; specific initiatives not disclosed . |
External Roles
No external directorships or public roles disclosed for Page in NKX filings .
Fixed Compensation
| Component | From NKX | Notes |
|---|---|---|
| Base salary | $0 | Officers serve without any compensation from the Funds . |
| Target bonus % | Not disclosed | Compensation from adviser entities (Nuveen) for officers other than the CCO is not detailed in fund filings . |
| Actual bonus paid | Not disclosed | Not disclosed by the Fund . |
| Perquisites | Not disclosed | Not disclosed by the Fund . |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Fund‑paid incentives | None | — | — | — | — | — |
| Adviser‑paid incentives | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Quote: “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” |
Equity Ownership & Alignment
| Item | Value | As‑of | Source |
|---|---|---|---|
| Total beneficial ownership (common) | 0 shares | 09/10/2025 | “No securities are beneficially owned.” on Form 3; officer title VP and Treasurer . |
| Ownership % of outstanding shares | 0.00% | 09/10/2025 | 0 of 50,669,466 NKX common shares outstanding as of 10/22/2025 . |
| Vested vs unvested shares | Not applicable | — | No holdings reported . |
| Options (exercisable / unexercisable) | None disclosed | — | No derivative securities listed; “No securities are beneficially owned” . |
| Shares pledged as collateral | None disclosed | — | Not disclosed in proxy or Section 16 filings . |
| Stock ownership guidelines | Not disclosed | — | Not disclosed for officers . |
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Current role | Vice President and Treasurer, NKX | Officer roster . |
| Year of birth | 1985 | Officer roster . |
| Start of service as officer | Since 2025 | Officer roster (Length of Time Served) . |
| Term length/renewal | Officers elected by the Board annually; serve until successors are elected and qualified | Officers section . |
| Compensation payer | Not the Fund; officers receive no compensation from NKX | Compensation section . |
| Non‑compete / non‑solicit | Not disclosed | Not disclosed in filings . |
| Severance / change‑of‑control | Not disclosed | Not disclosed in filings . |
| Clawbacks / gross‑ups | Not disclosed | Not disclosed in filings . |
| Section 16 compliance | Funds indicate applicable persons complied with filing requirements in prior year | “Delinquent Section 16(a) Reports” section . |
Risk Indicators & Red Flags
- Insider ownership risk: Page reported zero NKX share ownership on Form 3, reducing potential insider selling pressure but limiting direct ownership alignment with common shareholders .
- Compensation transparency: NKX does not pay officers; adviser‑level compensation terms (metrics, severance, CoC) are not disclosed in Fund filings, limiting pay‑for‑performance visibility at the issuer level .
- Section 16 compliance: Funds report compliance, indicating low procedural risk from delinquent insider filings .
- Pledging/hedging: No pledging or hedging disclosures identified for Page in NKX filings .
Governance Context (Board/Committees – for fund oversight)
- NKX operates under a unitary independent board with standing committees for Audit, Compliance/Risk, Investment, Dividend, Nominating & Governance, Executive, and Closed‑End Fund oversight; officers are non‑compensated by the Fund and support board‑approved processes .
- Officers roster and roles (including the Treasurer function) are set by the Board; officers are elected annually .
Investment Implications
- Alignment: Zero reported NKX holdings by Page suggests limited direct economic alignment with NKX common shareholders; however, as a fund officer (Treasurer) compensated outside the Fund, alignment is driven by adviser‑level incentives not disclosed in NKX filings .
- Selling pressure: With no beneficial ownership, near‑term insider selling risk from Page is negligible .
- Retention/transition risk: Officers are elected annually and serve until successors are elected; no disclosed employment protections or severance/CoC terms at the Fund level, implying straightforward board flexibility for officer transitions .
- Data gaps: The absence of disclosed performance metrics, incentive structures, and ownership guidelines for officers necessitates monitoring adviser‑level disclosures; fund filings confirm non‑payment by NKX and compliance with Section 16 reporting .