Mark L. Winget
About Mark L. Winget
Vice President and Secretary of Nuveen Massachusetts Quality Municipal Income Fund (NMT); born 1968; officer of the Nuveen/TIAA fund complex since 2008 with an indefinite term, elected annually by the Board . His principal roles over the past five years include legal and corporate secretary functions across Nuveen Fund Advisors, Nuveen Securities, Nuveen Asset Management, Teachers Advisors (TIAA), and TIAA‑CREF Investment Management, serving as Vice President, Associate General Counsel, Assistant Secretary, and related positions . The proxy and registration filings do not disclose individual performance metrics (TSR, revenue, EBITDA) tied to his role; NMT officers are not compensated by the Fund, and performance metrics are overseen at the adviser level and by the Board committees rather than by fund officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Past 5 years (as of Oct 22, 2025) | Not disclosed |
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Past 5 years (as of Oct 22, 2025) | Not disclosed |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Oct 22, 2025) | Not disclosed |
| Teachers Advisors, LLC (TIAA) | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Oct 22, 2025) | Not disclosed |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Oct 22, 2025) | Not disclosed |
| Nuveen, LLC | Vice President and Associate General Counsel | Past 5 years (as of Oct 22, 2025) | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in filings | N/A | N/A | Officer profile lists internal Nuveen/TIAA roles only |
Fixed Compensation
NMT is a closed‑end fund with no employees; officers receive no compensation from the Fund. Compensation (where applicable) resides at the adviser (Nuveen) and is not disclosed in NMT’s proxy for individual officers.
| Component | Amount | Source |
|---|---|---|
| Base salary (Fund) | $0 | Officers serve without compensation from the Funds |
| Target bonus % (Fund) | N/A | Funds have no employees; officers unpaid by Funds |
| Actual bonus paid (Fund) | N/A | Funds have no employees; officers unpaid by Funds |
| Perquisites (Fund) | N/A | Not applicable at Fund level |
The Funds’ Chief Compliance Officer is paid by the adviser with partial reimbursement for incentive compensation, underscoring that officer pay is set and funded outside the Fund; no analogous disclosure exists for Winget .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at Fund level | N/A | N/A | N/A | N/A | N/A |
| Note: NMT officers are not compensated by the Fund; no PSU/RSU/options or performance plan disclosure for officers in NMT proxy filings | |||||
| Source | Officers serve without compensation from the Funds |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership (individual) | Not individually disclosed for officers in the proxy appendices |
| Group ownership | Board members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund (as of Oct 22, 2025) |
| Ownership as % of shares outstanding | Less than 1% for group; individual officer ownership not broken out |
| Vested vs. unvested shares | Not disclosed for officers |
| Options (exercisable/unexercisable) | Not disclosed for officers |
| Shares pledged as collateral | No pledging disclosures specific to officers found in DEF 14A |
| Stock ownership guidelines | Governance principle applies to Board Members (invest at least one year’s compensation in funds); not stated for officers |
Employment Terms
| Term Element | Disclosure |
|---|---|
| Position | Vice President and Secretary |
| Service since | 2008 (indefinite term) |
| Election cadence | Officers are elected annually by the Board and serve until successors are elected and qualified |
| Contract term length | Indefinite; annual Board election |
| Auto‑renewal | Not applicable; annual election by Board |
| Non‑compete / Non‑solicit | Not disclosed in fund filings |
| Severance | Not disclosed in fund filings |
| Change‑of‑control provisions | Not disclosed in fund filings |
| Clawback provisions | Not disclosed in fund filings |
| Post‑termination arrangements | Not disclosed in fund filings |
Performance & Track Record
- Execution and filings: Winget signed and filed NMT’s notice of intention to redeem up to 493 VRDP Series 1 preferred shares during Dec 1, 2025 to Jun 1, 2026, reflecting administrative execution over leverage capital structure processes .
- Governance events: He signed the Oct 13, 2023 8‑K on Board consolidation across the Nuveen/TIAA fund complex, evidencing corporate secretary responsibilities during governance realignment .
- Section 16(a) compliance: The Fund believes Board Members and officers complied with applicable Section 16(a) filing requirements in the last fiscal year and prior year .
Board Governance (Officer context)
- Winget is not a trustee; he serves as Vice President and Secretary, a non‑compensated Fund officer role .
- Proxy materials name Winget as a designated proxy holder for shareholder meeting proxies, consistent with corporate secretary duties .
Related Party Transactions and Red Flags
- Related party transactions (officer‑specific): None disclosed regarding Winget .
- Hedging/pledging: No officer‑specific hedging or pledging disclosure found; group ownership <1% suggests low alignment risk from concentrated insider holdings at Fund level .
- Repricing/modification of equity awards: Not applicable—no officer equity awards at Fund level .
- Delinquent filings/legal proceedings: No delinquent Section 16(a) reports; no officer‑specific legal proceedings disclosed .
Compensation Structure Analysis
- Cash vs. equity mix: At Fund level, officers receive no pay; thus no Fund‑level cash/equity mix to analyze .
- Guaranteed vs. at‑risk pay: Not applicable at Fund level; any compensation would be at the adviser and not disclosed in Fund proxy .
- Award repricing/modification: Not applicable at Fund level .
- Peer group and targets: Compensation peer groups and pay targets are not disclosed for officers; Board compensation disclosures and guidelines are separate and not applicable to Winget .
Additional Observations
- Officer roster confirms Winget’s long tenure and breadth of legal/secretarial responsibilities across Nuveen/TIAA entities, indicating institutional continuity and process stewardship .
- Fund context: NMT’s fiscal year end is May 31, 2025; governance and audit structures are overseen by independent trustees and committees; officers administratively support these processes without Fund‑level compensation .
Investment Implications
- Pay‑for‑performance alignment: Cannot be assessed for Winget at Fund level because officers are unpaid by the Fund and any compensation resides at the adviser (not disclosed in NMT proxy); no RSUs/options or performance plans at the Fund level reduces misalignment risk from Fund‑paid incentives .
- Insider selling pressure: Low based on disclosure—officers and trustees as a group hold <1% of shares; no pledging disclosures; individual officer ownership not reported, which limits predictive signals from insider holdings .
- Retention/transition risk: Annual officer election with indefinite term suggests stable continuity; absence of disclosed severance/change‑of‑control terms at Fund level implies transitions are governed within Nuveen/TIAA employment frameworks rather than Fund contracts .
- Trading signals: Governance filings signed by Winget reflect procedural stewardship (e.g., preferred redemption windows) rather than directional signals on common shares; follow leverage and distribution updates via Board committee oversight rather than officer compensation moves .