David J. Lamb
Chief Administrative Officer (Principal Executive Officer) at NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND
Executive
About David J. Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) of Nuveen New York AMT‑Free Quality Municipal Income Fund (NRK) and related Nuveen funds; he was born in 1963 and has served since 2015 with an indefinite term of office and annual election by the Board . His principal occupations over the past 5 years include Senior Managing Director roles at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, with prior senior roles at Nuveen dating back to 2006 . Officers receive no compensation from the Funds; compensation is not disclosed at the fund level for officers .
Past Roles
| Organization | Role | Years | Principal Occupations/Notes |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director → Senior Managing Director | Managing Director since 2019; Senior Managing Director since 2021 | Managing Director of Nuveen Fund Advisors, LLC (since 2019) |
| Nuveen Securities, LLC | Managing Director → Senior Managing Director | Managing Director 2020–2021; Senior Managing Director since 2021 | Senior Managing Director (since 2021), formerly Managing Director (2020–2021) |
| Nuveen (parent/affiliates) | Senior Managing Director; Managing Director; Senior Vice President; Vice President | Senior Managing Director since 2021; Managing Director 2017–2021; Senior Vice President 2006–2017; Vice President prior to 2006 | Senior Managing Director (since 2021), formerly Managing Director (2017–2021), Senior Vice President (2006–2017), Vice President prior to 2006 |
| Nuveen Funds (Fund Complex) | Chief Administrative Officer (Principal Executive Officer) | Indefinite term; Length of Service since 2015 | Officers elected by the Board on an annual basis |
External Roles
The officer biography in the latest NRK proxy lists principal occupations at Nuveen entities; no external board roles are presented in that listing .
Fixed Compensation
- Officers receive no compensation from the Funds; the proxy does not disclose base salary, bonus, or equity awards for officers at the fund level .
Performance Compensation
- No fund-level disclosure of performance-based pay mechanics (RSUs/PSUs/options, vesting schedules, performance metrics, or clawbacks) for officers; officers are compensated by Nuveen/TIAA affiliates, not by the Funds .
Equity Ownership & Alignment
| Metric | NRK (New York AMT‑Free Quality Municipal Income Fund) | Note |
|---|---|---|
| Shares beneficially owned by Board Members and Officers as a Group (as of May 31, 2025) | 1,000 | Group holdings across Funds; individual officer holdings not itemized |
| Ownership concentration by largest shareholder (as of June 20, 2025) | Karpus Management, Inc. owns 16,070,785 common shares (18.42%) | Schedule 13D/13G based |
| Group ownership as % of outstanding | Less than 1% for each Fund (as of June 20, 2025) | Applies to Board Members and executive officers as a group |
| Board Member investment guideline | Expected to invest at least one year of compensation in Funds in the Fund Complex | Board guideline; not specific to officers |
Employment Terms
| Term | Detail |
|---|---|
| Position | Chief Administrative Officer (Principal Executive Officer) |
| Term of Office | Indefinite; officers are elected by the Board annually |
| Length of Service | Since 2015 |
| Principal Occupations (past 5 years) | Senior Managing Director of Nuveen Fund Advisors, LLC; Senior Managing Director of Nuveen Securities, LLC; Senior Managing Director of Nuveen |
| Address and Year of Birth | 333 West Wacker Drive, Chicago, IL 60606; 1963 |
Investment Implications
- Pay-for-performance analysis at the fund level is not applicable for officers: Lamb’s compensation is not paid by NRK, and officer pay details are not disclosed in fund proxies, limiting direct alignment assessment from fund materials .
- Insider selling pressure appears limited at the fund level given that Board Members and executive officers as a group own less than 1% of outstanding shares across Funds; individual officer holdings in NRK are not itemized, constraining precision on Lamb’s personal “skin‑in‑the‑game” .
- Governance and trading signals skew toward shareholder concentration: Karpus Management’s 18.42% NRK stake indicates potential for activism or governance engagement that could influence distributions, leverage, or discount management; this is more likely to affect fund policy than officer compensation .
- Retention risk looks low in fund governance terms: Lamb’s tenure since 2015 and indefinite term as CAO/PEO suggest role continuity; however, severance/change‑of‑control economics and non‑compete/hedging/pledging policies for officers are not disclosed in the proxy, limiting contract‑level risk assessment .