Brian H. Lawrence
About Brian H. Lawrence
Brian H. Lawrence (born 1982) serves as Vice President and Assistant Secretary of Nuveen Virginia Quality Municipal Income Fund (NPV), with an indefinite term and service since 2023; his principal occupations over the past five years include Vice President and Associate General Counsel of Nuveen, and Vice President/Associate General Counsel/Assistant Secretary at Teachers Advisors, LLC and TIAA‑CREF Investment Management, LLC; previously, he was Corporate Counsel at Franklin Templeton from 2018 to 2022 . The Nuveen closed‑end funds have no employees and fund officers serve without any compensation from the funds; compensation programs and performance metrics (TSR, revenue, EBITDA) tied to fund officers are not applicable at the fund level per the proxy’s framework . As of February 18, 2025, board members and executive officers as a group beneficially owned less than 1% of NPV outstanding shares; individual dollar ranges are set forth in Appendix A of the proxy .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Vice President and Associate General Counsel | Past 5 years (as of Mar 1, 2025) | Legal oversight across Nuveen fund complex supporting governance and regulatory compliance . |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Legal and governance roles for TIAA‑affiliated mutual funds, aiding board/process standardization across fund complex . |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as of Mar 1, 2025) | Investment management legal support and fund documentation oversight . |
| Franklin Templeton | Corporate Counsel | 2018–2022 | Corporate legal counsel for major asset manager, strengthening investment fund regulatory expertise . |
External Roles
No external public company board or committee roles are disclosed for Mr. Lawrence in the proxy; his listed capacities are officer positions within Nuveen/TIAA entities rather than directorships .
Fixed Compensation
| Compensation Element | Disclosure (Fund-Level) | Notes |
|---|---|---|
| Base Salary | None paid by the Fund | “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” |
| Target Bonus % | Not applicable | No fund-level officer bonus program disclosed . |
| Actual Bonus Paid | Not applicable | No fund-level officer compensation . |
| Stock Awards (RSUs/PSUs) | Not applicable | No fund-level officer equity grants disclosed . |
| Option Awards | Not applicable | No fund-level officer options disclosed . |
| Perquisites | Not disclosed | Proxy focuses on board member fees; no officer perquisites . |
| Deferred Compensation | Not applicable for officers | Deferred comp plan pertains to Independent Board Members of certain funds, not officers . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | — | — | — | — | — |
The proxy does not describe any fund-level performance incentive plan for officers; officer compensation is not paid by NPV .
Equity Ownership & Alignment
| Item | Value | Date |
|---|---|---|
| Officer and Board group beneficial ownership of NPV (%) | <1% of outstanding shares | As of Feb 18, 2025 |
Individual officer dollar ranges and share counts are in Appendix A; the proxy indicates less than 1% ownership for each Board Member individually and for the group of Board Members and executive officers .
- Shares pledged as collateral: No pledging by officers is disclosed in the proxy for NPV .
- Stock ownership guidelines (officers): Not disclosed; proxy addresses Independent Board Member compensation and deferred compensation rather than officer ownership guidelines .
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President and Assistant Secretary |
| Term of Office | Indefinite |
| Length of Service | Since 2023 (officer of a fund in the Nuveen complex) |
| Employment Start at Nuveen/TIAA (proxy disclosure) | Listed as principal occupation over past 5 years; exact start dates not specified |
| Non‑compete / Non‑solicit | Not disclosed in proxy |
| Severance / Change‑of‑Control | Not disclosed for officers; fund officers are not compensated by the fund |
| Clawback | Not disclosed for officers |
Investment Implications
- Compensation alignment: There is no fund-level compensation for officers, eliminating typical pay‑for‑performance levers (bonus metrics, PSU frameworks, vesting schedules) and reducing analysis of incentive alignment at the fund level; any compensation would be through Nuveen/TIAA entities and is not disclosed in NPV’s proxy .
- Insider selling pressure: Absent fund‑level grants (RSUs/options), near‑term selling pressure from vesting events appears minimal; ownership disclosures indicate aggregate officer/board ownership below 1%, suggesting limited direct “skin‑in‑the‑game” at the fund level .
- Retention and execution risk: Role is legal/secretarial (Vice President and Assistant Secretary) with multi‑entity legal responsibilities across Nuveen/TIAA; employment terms for officers are indefinite with service since 2023, and no severance/change‑of‑control economics are disclosed at the fund level—retention considerations would be governed by Nuveen/TIAA policies, not the fund’s proxy .
- Trading signals: With no fund‑level officer incentive programs and de minimis disclosed ownership at the group level, there are limited direct trading signals tied to Mr. Lawrence’s compensation or ownership; investor monitoring should instead focus on fund‑level distribution policy, portfolio moves, and board governance updates (e.g., board consolidation and committee structures) rather than officer comp events .
Citations: