Jeremy Franklin
About Jeremy Franklin
Jeremy D. Franklin (born 1983) serves as Vice President and Assistant Secretary of Nuveen Municipal Credit Opportunities Fund (NMCO), with an indefinite term and fund officer service beginning in 2024. His primary roles over the past five years include Managing Director and Assistant Secretary at Nuveen Fund Advisors, LLC, and Vice President/Associate General Counsel and Assistant Secretary at Nuveen Asset Management, Teachers Advisors, and TIAA‑CREF Investment Management; he also holds Vice President/Associate General Counsel roles at Teachers Insurance and Annuity Association of America and officer roles across TIAA‑CREF Funds, TIAA‑CREF Life Funds, TIAA Separate Account VA‑1, and College Retirement Equities Fund (CREF) . The proxy does not disclose personal performance metrics such as TSR, revenue growth, or EBITDA growth for fund officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Not disclosed | Legal administration and fund governance for Nuveen closed-end funds |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Not disclosed | Legal counsel supporting portfolio/fund operations |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Not disclosed | Legal oversight across adviser-affiliated mutual funds |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Not disclosed | Legal support for investment management activities |
| Teachers Insurance and Annuity Association of America (TIAA) | Vice President and Associate General Counsel | Not disclosed | Corporate legal and governance responsibilities |
| TIAA‑CREF Funds and TIAA‑CREF Life Funds | Vice President and Assistant Secretary | Not disclosed | Registered fund officer roles (governance, administration) |
| TIAA Separate Account VA‑1 and CREF | Vice President, Associate General Counsel, and Assistant Secretary | Not disclosed | Variable annuity and pension account governance support |
External Roles
No public company board or external directorships are disclosed for Jeremy Franklin in NMCO’s proxy materials .
Fixed Compensation
| Item | Disclosure |
|---|---|
| Fund‑paid officer compensation | Fund officers receive no compensation from the Funds; compensation for relevant compliance personnel (CCO) is paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s CCO incentive compensation |
| Base salary, bonus, equity awards (officer specifics) | Not disclosed at the fund level; officer compensation is not reported by NMCO |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Officer incentive metrics (e.g., revenue/EBITDA/TSR/ESG) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Note: NMCO does not disclose officer compensation programs or performance metrics; officers receive no compensation from the Fund, and any pay-for-performance details (if any) would be at the Adviser level and are not included in fund filings . |
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Individual beneficial ownership for Jeremy Franklin | Not individually disclosed in proxy; beneficial ownership tables cover Board Members individually and officers only on an aggregate basis |
| Officer/Board aggregate holdings threshold | Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund as of record date |
| Pledging/Hedging by Jeremy Franklin | Not disclosed in proxy |
| Stock ownership guidelines | A governance principle applies to Board Members (expected to invest at least one year of compensation in funds) — this applies to independent trustees, not fund officers |
Aggregate holdings trend for NMCO:
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Board Members and Officers as a Group – NMCO shares | 7,925 | 0 |
Employment Terms
| Term Element | Disclosure |
|---|---|
| Officer term length | Indefinite; officers elected by the Board annually to serve until successors are elected and qualified |
| Length of service in current role | Since 2024 (for NMCO fund officer appointment) |
| Employment contract (individual), severance, change‑of‑control provisions | Not disclosed in fund filings; Item 5.02 8‑K reviewed relates to Board consolidation and appointments, not to Franklin’s employment terms |
| Clawback provisions, non‑compete/non‑solicit, garden leave | Not disclosed in fund filings for officers |
Additional Observations on Vesting and Trading
- Specific RSU/PSU/option grants, strike prices, expirations, and vesting schedules for Jeremy Franklin are not disclosed at the fund level .
- Fund documents do not provide Form 4 insider transaction details for Jeremy Franklin; no insider selling pressure can be assessed from the proxy/8‑K materials .
Performance & Track Record
- NMCO proxy materials do not attribute fund investment performance or TSR to individual officers; no officer‑specific performance track record disclosed .
Compensation Structure Analysis
- Officer compensation is not borne by NMCO; therefore, pay‑for‑performance analysis at the fund level is not applicable for Franklin (key levers reside at the Adviser level, which is not disclosed in NMCO filings) .
- No disclosures of guaranteed compensation, discretionary bonuses, award repricing, or metric target changes for Franklin in fund filings .
Related Party Transactions and Red Flags
- No related‑party transactions involving Franklin are disclosed in NMCO proxy .
- No legal proceedings or SEC investigations relating to Franklin are disclosed in NMCO filings reviewed .
About NMCO Governance Context (for alignment)
- Officers serve without fund‑level compensation; Board Members’ compensation and governance practices are detailed in proxy, but these apply to trustees, not officers .
Investment Implications
- Limited trading signals: NMCO filings do not disclose Franklin’s individual holdings or Form 4 activity; aggregate officer/Board ownership in NMCO is minimal, indicating negligible direct alignment via fund share ownership at the fund level .
- Pay alignment analysis is non‑applicable at the fund level: officers are compensated by the Adviser, and NMCO does not disclose officer pay structures or performance metrics; investor focus should remain on fund strategy, portfolio performance, distribution policy, and Board governance rather than officer‑level incentives .
- Retention/contract risk appears low from fund documents: officers have indefinite terms and are elected annually; no disclosed severance/change‑of‑control risk for Franklin in NMCO filings .