Tina Lazar
About Tina Lazar
Tina M. Lazar (born 1961) is Vice President of Nuveen Municipal Credit Opportunities Fund (NMCO) with an indefinite term and service since 2002; she is a Managing Director of Nuveen Securities, LLC, based at 333 West Wacker Drive, Chicago, IL 60606 . Officers of the Funds receive no compensation from the Funds; compensation for the Chief Compliance Officer is paid by the Adviser, indicating officer pay is handled at the adviser level rather than fund level . The Funds report timely Section 16(a) compliance with insider ownership filings, and do not attribute fund performance metrics (TSR, revenue growth, EBITDA growth) to officers in these filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Managing Director | Since 2017 | Not disclosed in fund filings |
| Nuveen Securities, LLC | Senior Vice President | 2014–2017 | Not disclosed in fund filings |
External Roles
- None disclosed in NMCO filings for Ms. Lazar .
Fixed Compensation
| Component | NMCO Fund-Paid Amount ($) |
|---|---|
| Base Salary | $0 |
| Target Bonus | $0 |
| Actual Bonus Paid | $0 |
| Stock Awards (RSUs/PSUs) | $0 |
| Option Awards | $0 |
| Perquisites | $0 |
Notes:
- Officers of the Funds receive no compensation from the Funds; any compensation would be at the Adviser level and not disclosed in the Fund’s proxy .
Performance Compensation
- No fund-level performance metrics (revenue growth, EBITDA, TSR) are tied to officer compensation or disclosed for officers in NMCO filings; officer compensation is not paid by the Fund and thus not detailed in the proxy .
Equity Ownership & Alignment
| Metric | As of Date | Value | Notes |
|---|---|---|---|
| Common Shares Outstanding (NMCO) | Feb 18, 2025 | 54,801,890 | Shares entitled to vote at record date |
| Beneficial Ownership – Officers and Board Members as a Group (NMCO) | Dec 31, 2024 | 0 shares | Group holdings for NMCO specifically |
| Beneficial Ownership – Officers and Board Members as a Group (each Fund) | Feb 18, 2025 | <1% of outstanding shares of each Fund | Aggregate across Funds |
| Pledged/Hedged Shares | N/A | Not disclosed | No pledging/hedging disclosure for officers in proxy |
| Stock Ownership Guidelines | N/A (Officers) | Not disclosed | Board Members are expected to invest at least one year of Board compensation in the Fund Complex; no officer guideline disclosed |
Employment Terms
| Item | Detail |
|---|---|
| Position | Vice President of NMCO |
| Term Length | Indefinite |
| Length of Service | Since 2002 |
| Employer/Primary Occupation | Managing Director of Nuveen Securities, LLC |
| Compensation Source | Officers receive no compensation from the Funds; CCO paid by Adviser (indicative structure) |
| Severance Provisions | Not disclosed in NMCO proxy |
| Change-of-Control Provisions | Not disclosed in NMCO proxy |
| Non-Compete/Non-Solicit | Not disclosed in NMCO proxy |
| Section 16(a) Compliance | Funds report timely compliance; no delinquencies noted for the latest year |
Investment Implications
- Pay-for-performance alignment at the NMCO fund level is minimal for officers: the Fund does not pay officer compensation, and proxies do not disclose adviser-level incentive structures or performance metrics tied to Ms. Lazar .
- Direct equity alignment appears limited: for NMCO specifically, officers and Board Members as a group held 0 shares as of 12/31/2024; across Funds, group ownership was <1% of outstanding shares, reducing direct ownership-based alignment signals for officers .
- Retention risk looks low from governance disclosures: Ms. Lazar has served since 2002 with an indefinite term; no severance or change-of-control economics are disclosed at the Fund level, and officer roles are appointed annually without Fund-paid compensation, implying continuity is largely driven by the Adviser’s employment terms .
- Trading signals from insider activity are muted: the proxy reports Section 16(a) compliance but provides no detail on officer-level transactions; without Form 4 specifics in Fund filings, there are no observable insider selling/vesting pressures for NMCO officers from the proxy alone .