Diana R. Gonzalez
About Diana R. Gonzalez
Vice President and Assistant Secretary of Nuveen Variable Rate Preferred & Income Fund (NPFD); born 1978; based at 8500 Andrew Carnegie Blvd, Charlotte, NC. She has served as an officer in the Nuveen fund complex since 2017, and concurrently holds roles as Vice President, Associate General Counsel and Assistant Secretary at Nuveen Asset Management, Teachers Advisors, and TIAA‑CREF Investment Management, as well as Vice President and Associate General Counsel of Nuveen . NPFD’s filings state that fund officers receive no compensation from the funds; compensation is paid by the Adviser, and Section 16(a) reporting for officers/directors was in compliance in the most recent years disclosed . Fund proxies do not disclose TSR, revenue, or EBITDA performance metrics attributable to individual officers; NPFD had 24,164,141 common shares outstanding as of February 18, 2025 .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Jackson National Asset Management | Associate General Counsel | 2012–2017 | Not disclosed in NPFD filings |
External Roles
No external public company board roles or committee positions are disclosed for Diana R. Gonzalez in NPFD’s proxy statements .
Fixed Compensation
| Item | NPFD-paid amount | Notes |
|---|---|---|
| Base salary | $0 | “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” Compensation is paid by the Adviser |
| Target bonus % | $0 | No fund-paid bonuses; officers compensated by Adviser |
| Actual bonus paid | $0 | No fund-paid bonuses; officers compensated by Adviser |
| Perquisites (aircraft, security, relocation) | Not disclosed | No officer perquisite disclosures in NPFD proxies |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at fund level | — | — | — | — | NPFD does not pay officer incentive compensation; officers are paid by the Adviser |
Equity Ownership & Alignment
| Ownership detail | Amount | Notes |
|---|---|---|
| Shares owned by Board Members and officers as a group (NPFD) | 0 | As of December 31, 2024, group holdings in NPFD were reported as 0 shares; each individual Board Member’s holdings in each Fund were <1% |
| Common shares outstanding (NPFD) | 24,164,141 | As of February 18, 2025 |
| Ownership % (group) | <1% | Aggregate beneficial ownership of Board Members and executive officers as a group in each Fund was <1% |
| Shares pledged as collateral | Not disclosed | No pledging disclosure for officers in NPFD proxies |
| Stock ownership guidelines | Board members expected to invest at least one year of compensation across the fund complex; officer ownership guidelines not disclosed | Board governance principle for independent Board Members; no officer guideline disclosed |
Employment Terms
| Term | Detail |
|---|---|
| Current NPFD role | Vice President and Assistant Secretary |
| Employment start (Nuveen fund complex) | Since 2017 |
| Contract term | Indefinite term; officers elected annually by the Board |
| Concurrent roles | Vice President, Associate General Counsel and Assistant Secretary at Nuveen Asset Management, Teachers Advisors, and TIAA‑CREF Investment Management; Vice President and Associate General Counsel of Nuveen |
| Severance / change‑of‑control | Not disclosed in NPFD proxies |
| Non‑compete / non‑solicit / garden leave | Not disclosed in NPFD proxies |
| Clawbacks / tax gross‑ups | Not disclosed in NPFD proxies |
| Section 16(a) compliance | Filings indicate compliance in the most recent fiscal years |
Investment Implications
- Compensation alignment: NPFD does not pay officer compensation; Diana’s pay is set and paid by the Adviser (Nuveen/TIAA), so pay‑for‑performance linkage cannot be assessed from NPFD disclosures. This limits the use of fund filings to analyze her incentive mix or targets .
- Ownership alignment and selling pressure: Group beneficial ownership (Board Members and officers combined) in NPFD is reported at 0 shares as of 12/31/2024, and <1% of outstanding for each Fund; no pledging disclosures. This suggests low direct “skin‑in‑the‑game” signals from fund‑level ownership for officers .
- Retention risk: Tenure since 2017 and concurrent senior legal roles across Nuveen/TIAA affiliates imply employment and retention drivers reside within the Adviser’s corporate policies rather than NPFD’s fund governance; no employment agreement, severance, or change‑of‑control terms are disclosed in fund filings .
- Trading signals: NPFD reports Section 16(a) compliance and does not disclose officer‑level Form 4 activity in proxies; without identified insider transactions, near‑term trading signals tied to her activity are limited based on NPFD documents .
Note: NPFD is a closed‑end fund with a unitary independent board that sets board compensation and oversees fund operations; officers serve without fund‑paid compensation, and many executive‑level incentive and contractual details (if any) would reside with the Adviser and are not disclosed in NPFD proxies .