Mark L. Winget
About Mark L. Winget
Mark L. Winget (born 1968) serves as Vice President and Secretary of Nuveen New York AMT‑Free Quality Municipal Income Fund (NRK) and has been an officer in the Nuveen fund complex since 2008; officers are elected annually and serve on an indefinite term . His core credentials are legal and corporate governance: Vice President and Associate General Counsel across Nuveen and affiliated TIAA entities, with assistant secretary roles supporting fund governance and regulatory compliance . Fund‑level performance metrics (TSR, revenue, EBITDA) are not disclosed in the proxy; the funds have no employees and officers receive no fund‑paid compensation, limiting pay‑for‑performance constructs at the fund level .
Notable filing activity: Winget signed the October 13, 2023 Form 8‑K for NRK as Vice President and Secretary, documenting the board consolidation across the Nuveen/TIAA fund complex .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen New York AMT‑Free Quality Municipal Income Fund (NRK) | Vice President and Secretary | Since 2008 | Corporate secretary duties, governance administration for the fund complex |
| Nuveen Securities, LLC | Vice President & Assistant Secretary | Since 2008 | Legal and corporate secretary functions for distribution and fund operations |
| Nuveen Fund Advisors, LLC | Vice President & Assistant Secretary | Since 2019 | Governance and fund advisory administration for the Nuveen closed‑end complex |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel & Assistant Secretary | Since 2020 | Legal oversight supporting portfolio management entities and governance |
| Nuveen, LLC | Vice President (since 2010), Associate General Counsel (since 2019) | Since 2010/2019 | Enterprise legal leadership within TIAA’s asset management arm |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Teachers Advisors, LLC | Vice President, Associate General Counsel & Assistant Secretary | Not specified | Legal and governance roles for TIAA mutual funds (CREF/VA‑1) |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel & Assistant Secretary | Not specified | Legal support across TIAA asset management entities |
Fixed Compensation
| Component | FY 2023 | FY 2024/2025 | Notes |
|---|---|---|---|
| Fund‑paid base salary | $0 | $0 | Officers receive no compensation from the Funds; the CCO is paid by the Adviser (with partial reimbursement); other officer compensation is not fund‑paid |
| Fund‑paid bonus | $0 | $0 | No fund‑paid bonuses; officers serve without compensation from the Funds |
| Fund‑paid perquisites | $0 | $0 | Not applicable at fund level; the Funds have no employees |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| None disclosed for officers (funds have no employees) | — | — | — | — | — |
Equity Ownership & Alignment
| Item | FY 2023 (as of May 31, 2023) | FY 2025 (as of May 31, 2025) |
|---|---|---|
| NRK common shares held by Board Members and officers as a group | 0 | 1,000 |
| Individual beneficial holdings by Board Members | Each <1% of outstanding for every fund | Each <1% of outstanding for every fund |
| Board Members and executive officers as a group | <1% of outstanding for each fund | <1% of outstanding for each fund |
| Shares outstanding (NRK common) | 87,235,304 (context table as of June 12, 2023) | 87,235,304 (context table as of June 20, 2025) |
| Pledged or hedged shares | Not disclosed | Not disclosed |
- Stock ownership guidelines disclosed for Independent Board Members (expected to invest at least one year of compensation in Nuveen funds), but these apply to Board Members, not officers; officer‑specific ownership guidelines are not disclosed .
Employment Terms
| Term Element | Disclosure |
|---|---|
| Title/Role | Vice President and Secretary (NRK) |
| Term length | Indefinite; officers elected annually by the Board |
| Start date / tenure | Officer in the fund complex since 2008 |
| Compensation source | No fund‑paid compensation; CCO paid by Adviser (partially reimbursed) |
| Employment agreement | Not disclosed |
| Severance provisions | Not disclosed |
| Change‑of‑control (CoC) terms | Not disclosed |
| Non‑compete / non‑solicit / garden leave | Not disclosed |
| Post‑termination consulting | Not disclosed |
Investment Implications
- Pay‑for‑performance alignment at the fund level is minimal for officers: the funds have no employees and do not pay officer compensation, so traditional salary/bonus/PSU/option structures, vesting calendars, or CoC economics are not applicable here .
- Equity alignment signal is small: group holdings in NRK are 1,000 shares and remain below 1% of outstanding at the group level; individual holdings by Board Members are each below 1%, with officer‑level breakdowns not disclosed—implying limited direct economic exposure to NRK’s common shares .
- Retention risk appears low given Winget’s long tenure (officer since 2008) and multi‑entity roles across Nuveen/TIAA legal and governance functions; officers are elected annually and serve on indefinite terms, supporting continuity in fund administration .
- Trading signals tied to vesting or insider selling pressure are not evident: no equity grants, option awards, vesting schedules, or pledging/hedging disclosures are provided for officers at the fund level, limiting catalysts from compensation‑related selling .
- Governance and regulatory execution: Winget’s role as Vice President and Secretary, including signature responsibilities on material filings (e.g., October 13, 2023 8‑K on Board consolidation), indicates central involvement in fund governance logistics rather than portfolio performance decisions—reducing direct linkage between his compensation and NRK’s investment returns .
Compliance note: The funds report that Board Members and officers complied with Section 16(a) filing requirements during the last fiscal year and the prior fiscal year, mitigating regulatory risk signals related to insider reporting .