Diana R. Gonzalez
About Diana R. Gonzalez
Diana R. Gonzalez (year of birth: 1978) serves as Vice President and Assistant Secretary of Nuveen Virginia Quality Municipal Income Fund (NPV), with tenure since 2017; her principal roles include Vice President, Associate General Counsel and Assistant Secretary across Nuveen Fund Advisors, Nuveen Asset Management, Teachers Advisors, and TIAA‑CREF Investment Management, and Vice President & Associate General Counsel at Nuveen . The funds have no employees and officers receive no compensation from the funds; the CCO’s pay is borne by the adviser, with an allocable portion of incentive comp reimbursed—no officer performance or TSR/financial metrics are disclosed at the fund level . As of February 18, 2025, board members and executive officers as a group beneficially owned less than 1% of outstanding shares of each fund, highlighting limited direct fund-share alignment disclosures for officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Jackson National Asset Management | Associate General Counsel | 2012–2017 | Senior legal counsel supporting asset management operations and regulatory compliance |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Vice President & Assistant Secretary | Since 2017 | Fund governance, officer duties across Nuveen closed-end funds |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel & Assistant Secretary | Since 2022 | Product/legal oversight; investment adviser legal support |
| Teachers Advisors, LLC | Vice President, Associate General Counsel & Assistant Secretary | Since 2024 | Legal support across TIAA investment affiliates |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel & Assistant Secretary | Since 2024 | Legal and governance support for mutual funds and separate accounts |
| Nuveen (parent) | Vice President & Associate General Counsel | Since 2017 | Corporate legal leadership within Nuveen/TIAA complex |
Fixed Compensation
Officers receive no compensation from the funds. The CCO’s compensation (base and incentive) is paid by the adviser, with the funds reimbursing an allocable portion of the adviser’s cost of CCO incentive compensation (note: CCO arrangement does not disclose officer‑specific pay such as Gonzalez) .
| Component | Amount/Terms |
|---|---|
| Base salary | Not paid by the fund; officers receive no compensation from the funds |
| Bonus/Annual Incentive | Not paid by the fund; CCO incentive reimbursed to adviser in part (CCO only) |
| Perquisites/Other | Not disclosed at fund level for officers |
Performance Compensation
No officer performance metrics, vesting schedules, RSU/PSU or option awards are disclosed at the fund level (officers are unpaid by the fund) .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for fund officers | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Data |
|---|---|
| Shares outstanding (NPV) | 18,245,696 Common Shares; 1,280 VRDP Preferred Shares as of record date Feb 18, 2025 |
| Officer/Board group ownership (NPV) | 0 shares beneficially owned in NPV as of Dec 31, 2024 (group total across listed funds shows 0 for Virginia Municipal) |
| Officer/Board group % ownership | Less than 1% of outstanding shares of each fund as of Feb 18, 2025 |
| Stock ownership guidelines | Board members are expected to invest at least the equivalent of one year of compensation in the fund complex; no officer guideline disclosed |
| Pledging/hedging | No pledging/hedging disclosures for officers in proxy |
Employment Terms
- Role and status: Vice President and Assistant Secretary of NPV; elected by the Board; tables list Term: Indefinite, with length of service since 2017 .
- Officer elections/continuity: Officers are elected annually by the Board to serve until successors are elected and qualified (administrative) .
- Employment contracts and severance/change‑of‑control: No officer employment agreements, severance multiples, or change‑of‑control economics are disclosed at the fund level; compensation details focus on independent Board members and CCO .
- Section 16 compliance: Funds report that Board members, officers, the adviser and affiliates complied with Section 16(a) filing requirements in the last fiscal year and prior year .
Investment Implications
- Pay-for-performance visibility is limited: Officers are unpaid by the fund, and the proxy provides no officer‑specific base, bonus, equity grants, or performance metrics—reducing direct assessment of compensation alignment at the fund entity level .
- Alignment via equity appears minimal: As of Feb 18, 2025, board members and executive officers as a group beneficially owned less than 1% of outstanding shares; the group’s disclosed holdings in NPV were 0 shares as of Dec 31, 2024, suggesting low direct exposure to fund price/NAV outcomes for officers at the fund level .
- Retention risk looks low within the Nuveen/TIAA complex: Gonzalez’s tenure since 2017 and ongoing affiliate legal roles indicate continuity; officers are elected annually but shown with “Indefinite” term in the officer tables, a common fund governance convention .
- Trading signals: Section 16 compliance is affirmed, but no officer transaction details are in the proxy—monitor Form 4 filings for any grants, dispositions, or derivative exercises that could imply selling pressure or hedging; the fund proxy does not disclose pledging/hedging by officers .