David J. Lamb
About David J. Lamb
David J. Lamb is Chief Administrative Officer (Principal Executive Officer) of Nuveen Virginia Quality Municipal Income Fund (NPV), serving since 2015; year of birth 1963, with principal occupation as Senior Managing Director across Nuveen Fund Advisors, Nuveen Securities, and Nuveen LLC over the past five years . As CAO, he signs fund reports (N-CSR/N-CSRS SOX 302 and 906 certifications) and proxy voting records (Form N‑PX), evidencing direct responsibility for financial reporting and controls . The Fund discloses that officers “serve without any compensation from the Funds,” with compensation paid by the Adviser (Nuveen), so fund-level executive pay metrics (salary/bonus/equity) are not reported for Lamb . Fund-level performance metrics for pay linkage (revenue/EBITDA) are not applicable to a closed-end fund structure; NPV’s share base is 18,245,696 common and 1,280 preferred (VRDP) as of the 2025 record date, providing context for any ownership analysis .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Virginia Quality Municipal Income Fund (NPV) | Chief Administrative Officer (Principal Executive Officer) | Since 2015 | Principal executive oversight, signs SOX 302/906 certifications and N‑CSR/N‑CSRS filings |
| Nuveen Fund Advisors, LLC | Senior Managing Director | Past 5 years | Senior leadership for fund administration and governance across Nuveen closed-end complexes |
| Nuveen Securities, LLC | Senior Managing Director | Past 5 years | Senior leadership over distribution/compliance functions supporting fund operations |
| Nuveen, LLC | Senior Managing Director | Past 5 years | Enterprise-level management responsibilities aligned with TIAA/Nuveen complex |
External Roles
- No external directorships or committee roles are disclosed for David J. Lamb in NPV’s fund filings reviewed .
Fixed Compensation
| Component | 2024 | 2025 |
|---|---|---|
| Fund-paid base salary | Not reported (officers receive no compensation from the Funds; paid by Adviser) | Not reported (officers receive no compensation from the Funds; paid by Adviser) |
| Target bonus % | Not reported in fund filings | Not reported in fund filings |
| Actual bonus paid | Not reported in fund filings | Not reported in fund filings |
Performance Compensation
| Incentive Type | Grant details | Performance metrics | Payout/vesting |
|---|---|---|---|
| RSUs/PSUs (Fund-level) | Not reported for officers; officers are not compensated by the Funds | Not disclosed in fund filings | Not disclosed |
| Stock options (Fund-level) | Not reported for officers; officers are not compensated by the Funds | Not disclosed in fund filings | Not disclosed |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership (officers and Board as a group) | Less than 1% of outstanding shares in each Fund; each Board Member’s individual holdings <1% of any Fund |
| Pledging/hedging | Not disclosed for officers in the fund filings reviewed |
| Officer ownership guidelines | Not disclosed; Fund principle applies to Board Members (expected to invest at least one year of compensation in Nuveen funds), not officers |
| Shares outstanding (context) | NPV common: 18,245,696; NPV VRDP preferred: 1,280 (record date Feb 18, 2025) |
Employment Terms
| Term | Detail |
|---|---|
| Title & capacity | Chief Administrative Officer (Principal Executive Officer) |
| Tenure | Since 2015 (indefinite term) |
| Compensation source | Paid by the Adviser (Nuveen); officers receive no compensation from the Funds |
| Contracts (severance/change-of-control) | No severance or change-of-control economics disclosed for officers in fund filings reviewed |
| Certifications & accountability | Signed SOX 302 and 906 certifications; signed Form N‑PX as CAO (Aug 22, 2024; Aug 14, 2025) |
Investment Implications
- Pay-for-performance linkage cannot be evaluated at the Fund level for Lamb because officer compensation is not paid or disclosed by NPV; it is borne by the Adviser (Nuveen), limiting visibility into salary/bonus/equity levers and vesting schedules .
- Insider selling pressure and pledging risk appear low at the Fund level given officers/Board collectively own <1% of shares and no pledging is disclosed; however, absence of detailed officer-level ownership prevents granular alignment analysis .
- Governance and execution signals are positive: Lamb consistently signs SOX 302/906 certifications and N‑PX filings, indicating responsibility for controls and reporting, and stable tenure since 2015 supports continuity in fund operations .
- Monitoring priorities: seek Adviser-level disclosures (Nuveen/TIAA) for Lamb’s compensation structure, performance metrics, clawbacks, and any employment agreements; at the Fund level, track changes to governance bylaws (e.g., elimination of “control share” provisions in 2024) and Section 16 compliance, which remained in good standing per DEF 14A .