Tina M. Lazar
About Tina M. Lazar
Tina M. Lazar is a Vice President of NPFD and has served in this officer role since 2002 . Her year of birth is 1961 and her business address is 333 West Wacker Drive, Chicago, IL 60606 . Lazar’s principal occupation for the past five years is Managing Director of Nuveen Securities, LLC . Fund filings do not disclose officer-specific performance metrics (e.g., TSR, revenue growth, EBITDA growth) and note that officers serve without compensation from the Fund .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Managing Director | Since 2017 | Senior leadership within Nuveen’s distribution entity |
| Nuveen Securities, LLC | Senior Vice President | 2014–2017 | Precursor leadership role prior to promotion |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Nuveen Securities, LLC | Managing Director | Since 2017 | Principal occupation disclosed in Fund filings |
Fixed Compensation
Officers (including Tina M. Lazar) receive no compensation from the Fund; NPFD has no employees and officers serve without compensation from the Funds . The Fund’s Chief Compliance Officer compensation (base salary and incentive) is paid by the Adviser and the Fund reimburses the Adviser for an allocable portion of the CCO’s incentive compensation; this structure underscores that officer pay is handled at the Adviser level, not by NPFD .
| Component | Amount/Structure | Source |
|---|---|---|
| Fund-paid cash compensation (salary, bonus) | $0 (officers receive no compensation from the Fund) | |
| Fund-paid equity awards (RSUs/PSUs/options) | None (officers receive no compensation from the Fund) | |
| CCO compensation (reference structure) | Paid by Adviser; Fund reimburses portion of incentive |
Performance Compensation
Fund documents do not provide officer-level performance incentive plans (metrics, weightings, payout curves) for Fund officers; officers receive no compensation from the Fund .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
| Officers receive no Fund compensation | — | — | — | — | — |
| Incentive compensation is referenced only for the CCO and is paid by the Adviser | — | — | — | — | — |
Equity Ownership & Alignment
As of December 31, 2023, none of the Fund’s executive officers (including Tina M. Lazar) owned any NPFD securities of record or beneficially; one Nuveen employee (Stephen J. Davis) owned 234 common shares . The filing further notes no purchases/sales of Fund securities by the listed trustees, executive officers, or Nuveen employees during the past two years, except as otherwise set forth; there is no ownership or transaction disclosure for Lazar .
| Item | Value | Date | Source |
|---|---|---|---|
| Beneficial ownership (shares) | 0 (no securities owned) | 12/31/2023 | |
| Ownership as % of shares outstanding | Not disclosed | 12/31/2023 | |
| Vested vs. unvested shares | Not applicable (no Fund equity awards) | — | |
| Options (exercisable/unexercisable) | None disclosed for Fund officers | — | |
| Shares pledged as collateral | Not disclosed | — | |
| Transactions in past two years | None disclosed for Lazar | Past 2 years |
Employment Terms
Officers are elected by the Board and serve until successors are elected and qualified; filings describe officer terms as “Annual” in 2024 documents and “Indefinite” in 2025 documents, with Lazar’s length of service since 2002 . NPFD documents do not disclose employment contracts, severance, change-of-control, non-compete, or non-solicit provisions for Fund officers; compensation and employment terms are handled at Nuveen/TIAA adviser entities rather than at the Fund .
| Term Element | Disclosure | Source |
|---|---|---|
| Term of office | Annual (2024 PRE 14A/DEFC14A officer tables) | |
| Term of office (later filing) | Indefinite (2025 DEF 14A officer table) | |
| Length of service | Since 2002 (Lazar) | |
| Employment contract details | Not disclosed in Fund filings | |
| Severance / change-of-control | Not disclosed in Fund filings | |
| Clawbacks / pledging / hedging | Not disclosed for Fund officers |
Investment Implications
- Alignment and insider pressure: With no Fund-paid compensation and no beneficial ownership in NPFD disclosed for Lazar, there is minimal direct “skin-in-the-game” alignment at the Fund level and negligible insider selling pressure signals tied to Lazar .
- Retention risk: Lazar’s long tenure (officer since 2002) and current Managing Director role at Nuveen suggest organizational continuity; retention drivers and severance economics are governed at the Adviser level and are not disclosed in NPFD filings .
- Compensation levers: Pay-for-performance and vesting mechanics for Fund officers are not applicable at the Fund level; any incentive alignment operates through Nuveen/TIAA structures, not through NPFD, limiting Fund-level signaling on executive incentives .
- Governance context: Officer terms are set by the Board and have transitioned from annual to indefinite term language in later filings, but without accompanying employment or compensation terms; board consolidation activities in 2023 related to trustees did not implicate officer compensation for Lazar .
Overall, NPFD filings indicate that Tina M. Lazar is a long-tenured Fund officer employed by Nuveen, with no Fund-level compensation, equity awards, or ownership in NPFD disclosed—reducing Fund-level compensation alignment signals and insider trading indicators tied to her, while placing employment and incentive structures at the Adviser level outside NPFD’s disclosures .