John M. McCann
About John M. McCann
John M. McCann serves as Vice President and Assistant Secretary of Nuveen Virginia Quality Municipal Income Fund (NPV), with an indefinite term and service since 2022; his business address is 8500 Andrew Carnegie Blvd., Charlotte, NC 28262 and year of birth is 1975 . He is Senior Managing Director and Division General Counsel at Nuveen and holds legal and secretary roles across multiple Nuveen/TIAA entities . Officers receive no compensation from the Funds; fund proxies do not disclose officer-specific salary/bonus/equity, and the Funds reimburse the Adviser for an allocable portion of the CCO’s incentive compensation—no performance pay details are provided for other officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen/TIAA (various entities) | Previously held various positions | Not disclosed | Not disclosed |
External Roles
| Organization | Role | Years |
|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director, General Counsel and Secretary | Not disclosed |
| Nuveen Asset Management, LLC | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| TIAA SMA Strategies LLC | Managing Director and Assistant Secretary | Not disclosed |
| College Retirement Equities Fund (CREF) | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| TIAA Separate Account VA-1 | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| TIAA-CREF Funds | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| TIAA-CREF Life Funds | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| Teachers Insurance and Annuity Association of America | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| Teachers Advisors LLC | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| TIAA-CREF Investment Management, LLC | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
| Nuveen Alternative Advisors LLC | Managing Director, Associate General Counsel and Assistant Secretary | Not disclosed |
Note: McCann is a named proxy holder for NPV annual meetings, reflecting an active governance/secretary function .
Fixed Compensation
| Item | Value |
|---|---|
| Base salary | Not disclosed in Fund proxy; officers receive no compensation from the Funds (paid by Adviser) |
| Target bonus % | Not disclosed |
| Actual bonus paid | Not disclosed |
| Retention/sign-on bonuses | Not disclosed |
| Perquisites | Not disclosed |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Officer incentive metrics | Not disclosed; fund proxies do not provide officer performance metrics (officers not compensated by the Funds) | — | — | — | — |
Equity Ownership & Alignment
| Category | Detail |
|---|---|
| Beneficial ownership (McCann) | Not individually disclosed; as of Jan 19, 2024, board members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund |
| Ownership as % of shares outstanding | Not individually disclosed; group total <1% |
| Vested vs. unvested shares | Not disclosed |
| Options (exercisable/unexercisable) | Not disclosed |
| Shares pledged/hedged | Not disclosed |
| Section 16(a) compliance | Funds report compliance with applicable Section 16(a) filing requirements in the last fiscal year |
| Officer stock ownership guidelines | Not disclosed for officers; a governance principle applies to Board Members to invest at least one year of compensation in Nuveen funds (board members only) |
Employment Terms
| Term Component | Disclosure |
|---|---|
| Officer term | Indefinite; elected annually by the Board; McCann has served since 2022 |
| Employment contract/auto-renewal | Not disclosed; funds have no employees; officers serve without fund compensation |
| Severance provisions | Not disclosed |
| Change-of-control economics | Not disclosed |
| Clawback provisions | Not disclosed |
| Non-compete/non-solicit | Not disclosed |
| Garden leave/consulting post-termination | Not disclosed |
Investment Implications
- Pay-for-performance alignment: McCann’s compensation is paid by the Adviser and not disclosed at the fund level; there is no fund-disclosed linkage to NPV performance metrics, limiting direct alignment analysis and reducing compensation-driven trading signals at the Fund level .
- Insider selling/vesting pressure: No RSU/PSU or option grants are disclosed for officers; individual officer ownership is not disclosed, and group holdings are <1%—suggesting negligible fund-specific selling pressure from officers .
- Retention risk: Employment terms and severance/CoC economics are not disclosed; officers serve at the Board’s pleasure with annual elections and adviser-based employment, making retention risk assessment contingent on Nuveen/TIAA policies rather than fund-level agreements .
- Governance/controls: McCann holds extensive legal and secretary roles across the Nuveen/TIAA complex and is a named proxy holder, supporting procedural governance continuity; Section 16(a) filings were reported in compliance, reducing regulatory red flags in the last fiscal year .