Brian H. Lawrence
About Brian H. Lawrence
Brian H. Lawrence (born 1982) serves as Vice President and Assistant Secretary of NPFD with an indefinite term, having served since 2023 . He is Vice President and Associate General Counsel of Nuveen, and also Vice President, Associate General Counsel and Assistant Secretary of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC; formerly Corporate Counsel of Franklin Templeton (2018–2022) . Officers receive no compensation from the Funds; the Funds have no employees and officers are elected by the Board on an annual basis to serve until successors are elected and qualified .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Vice President and Associate General Counsel | Past 5 years (as disclosed) | Not disclosed |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Not disclosed |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Not disclosed |
| Franklin Templeton | Corporate Counsel | 2018–2022 | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Nuveen | Vice President and Associate General Counsel | Past 5 years (as disclosed) | Legal leadership across fund complex |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal/governance support |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal/governance support |
| Franklin Templeton | Corporate Counsel | 2018–2022 | Prior legal role |
Fixed Compensation
| Component | Fund-Level Amount | Details |
|---|---|---|
| Officer compensation from NPFD | $0 | The Funds have no employees; officers serve without any compensation from the Funds . |
| CCO compensation (context) | Not disclosed | Paid by the Adviser (base salary + incentive); Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation . |
Equity Ownership & Alignment
| Metric | Date | Value |
|---|---|---|
| Board Members’ and executive officers’ beneficial ownership (each Fund) | Feb 18, 2025 | Less than 1% of outstanding shares, per Fund . |
| Officer-specific beneficial ownership disclosure | Dec 31, 2024 | Not individually disclosed for officers; Appendix tables list Board Members and group totals that include officers . |
- Officers are not compensated by the Funds (no RSUs/PSUs/options disclosed at the Fund level); ownership guidelines, hedging/pledging policies for officers are not disclosed in the proxy .
Employment Terms
| Position | Term of Office | Length of Service | Principal Occupations (Past 5 Years) | Address | Year of Birth |
|---|---|---|---|---|---|
| Vice President and Assistant Secretary | Indefinite; officers are elected annually by the Board to serve until successors are elected and qualified | Since 2023 | Vice President and Associate General Counsel of Nuveen; Vice President, Associate General Counsel and Assistant Secretary of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC; formerly Corporate Counsel of Franklin Templeton (2018–2022) | 8500 Andrew Carnegie Blvd., Charlotte, NC 28262 | 1982 |
Investment Implications
- Pay-for-performance assessment at the Fund level is not applicable: officers receive no compensation from NPFD; any salary/bonus/equity incentives reside at Nuveen/TIAA and are not disclosed in the Fund’s proxy, limiting analysis of compensation alignment to issuer-level roles outside the Fund .
- Insider selling pressure/trading signals are limited: beneficial ownership by Board Members and executive officers as a group is less than 1% for each Fund, and officer-specific holdings are not itemized; monitor Section 16 Form 4 filings for any NPFD transactions by Lawrence to assess trading signals or pledging, as the proxy provides no pledging/hedging details .
- Retention and transition risk appears low from a Fund governance standpoint: Lawrence’s role is an officer position with an indefinite term, elected annually by the Board, suggesting continuity; no employment contracts, severance, or change‑of‑control economics are disclosed at the Fund level .
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