Jon Scott Meissner
About Jon Scott Meissner
Jon Scott Meissner (born 1973) serves as Vice President and Assistant Secretary of Nuveen Variable Rate Preferred & Income Fund (NPFD) with an indefinite term and has served as an officer in the Nuveen fund complex since 2019 . His core responsibilities are anchored in mutual fund tax, expense administration, and financial reporting leadership across Nuveen/TIAA, reflecting deep operational expertise rather than public company P&L accountability; fund officers are not compensated by the Funds, and NPFD’s proxy does not disclose TSR, revenue growth, or EBITDA growth metrics tied to his role . Section 16 compliance in NPFD filings indicates officers and trustees complied with filing requirements in the latest fiscal year .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director | Since 2019 | Senior leadership in fund administration aligned to mutual fund tax/expense and reporting functions for Nuveen funds . |
| Nuveen (Mutual Fund Tax & Financial Reporting) | Managing Director | Since 2017 | Led mutual fund tax and financial reporting groups, strengthening regulatory compliance and reporting integrity . |
| Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC | Senior Director | Since 2016 | Oversight roles supporting fund operations across TIAA platforms . |
| TIAA platforms (TIAA‑CREF Funds, TIAA‑CREF Life Funds, TIAA Separate Account VA‑1, CREF Accounts) | Senior Director, Mutual Fund Taxation | Since 2015 | Directed mutual fund taxation processes for TIAA complexes . |
| TIAA/Nuveen | Various positions | Since 2004 | Progressive responsibilities within TIAA/Nuveen enterprise . |
Fixed Compensation
| Component | 2023 Proxy (FY 2022) | 2025 Proxy (FY 2024) |
|---|---|---|
| Compensation from NPFD to officers | Officers serve without any compensation from the Funds . | The Funds have no employees; officers serve without compensation from the Funds . |
| CCO compensation (framework) | Paid by Adviser; Funds reimburse allocable portion of CCO incentive comp . | Paid by Adviser; Funds reimburse allocable portion of CCO incentive comp . |
Note: Meissner’s cash compensation and equity awards, if any, are paid by the Adviser (Nuveen/TIAA) and are not disclosed in NPFD proxy filings .
Equity Ownership & Alignment
| Metric | Dec 31, 2022 | Dec 31, 2024 | Feb 18, 2025 |
|---|---|---|---|
| Group beneficial ownership (Board Members and executive officers) as % of outstanding NPFD shares | Less than 1% . | Less than 1% . | Less than 1% . |
| All Board Members/Nominees and Officers as a group – NPFD shares owned | 0 . | 0 . | Not stated (record date statement confirms <1% individually and in aggregate) . |
- Individual officer-level holdings (including Meissner) are not itemized in NPFD appendices; officers are included within “Board Members and officers as a group,” with NPFD group holdings shown above .
- No pledging or hedging of NPFD stock by Meissner is disclosed in NPFD filings .
Employment Terms
| Item | Disclosure |
|---|---|
| Officer title | Vice President and Assistant Secretary . |
| Term of office | Indefinite . |
| Length of time served | Since 2019 (officer in Nuveen fund complex) . |
| Principal occupation (recent) | Managing Director, Mutual Fund Tax and Expense Administration (Nuveen and Nuveen Fund Advisors); prior/parallel Senior Director roles across TIAA platforms . |
| Employment agreement, severance, change‑of‑control | Not disclosed in NPFD proxy; fund officers compensated by Adviser . |
| Non‑compete/non‑solicit, garden leave, clawbacks | Not disclosed in NPFD filings . |
Investment Implications
- Pay‑for‑performance analysis at the fund level is not feasible: NPFD states officers receive no compensation from the Funds; any compensation and performance metrics reside with the Adviser (Nuveen/TIAA) and are not disclosed in NPFD filings, limiting visibility into salary, bonus, equity mix, and incentive plan design .
- Alignment signals via ownership are minimal at NPFD: group beneficial ownership (including officers) is less than 1% and group NPFD shareholdings are reported as 0 at both 12/31/2022 and 12/31/2024, suggesting limited fund‑level insider buying/selling pressure and lack of pledging disclosures for Meissner .
- Retention risk indicators are neutral to low based on long‑tenured internal roles (since 2004) and continued leadership in tax/expense and financial reporting; however, absence of disclosed severance/change‑of‑control economics or restrictive covenants prevents a full assessment of retention and transition incentives .
- No red flags identified in NPFD filings regarding Section 16 compliance (Board Members and officers complied), Item 5.02 compensation changes for Meissner, or related legal proceedings tied to Meissner; Board consolidation disclosures do not pertain to officer compensation .