Mark L. Winget
About Mark L. Winget
Mark L. Winget serves as Vice President and Secretary of Nuveen Municipal Value Fund, Inc. (NUV), with an indefinite term and tenure since 2008; his year of birth is 1968 . He is listed as the Fund’s agent for service in Form N‑CSR filings and routinely signs SEC Section 16 forms under power of attorney, indicating a legal/compliance role in insider reporting administration . As performance context, NUV’s semiannual distributions for the period ended April 30, 2025 totaled $0.1935 per common share, with a reported market yield of 4.50% during the period (taxable‑equivalent yield 7.60%) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Since 2008 | Not disclosed |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Since 2019 | Not disclosed |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Since 2020 | Not disclosed |
| Nuveen (parent) | Vice President (since 2010), Associate General Counsel (since 2019) | 2010–present | Not disclosed |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Not disclosed |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in fund proxies | — | — | — |
| Cited officer biographies list internal Nuveen/TIAA roles only; no external directorships are disclosed for Winget . |
Fixed Compensation
- Officers receive no compensation from the Funds; the Fund’s Chief Compliance Officer is compensated by the Adviser (Nuveen) with Board review, and the Funds reimburse an allocable portion of CCO incentive compensation. No officer salary/bonus/equity details are disclosed at the Fund level .
- Independent Board Member retainers and fees are disclosed, but they do not apply to Winget (an officer, not a director) .
Performance Compensation
- No performance‑based compensation metrics (e.g., revenue growth, EBITDA, TSR hurdles) are disclosed for Fund officers. Officers are paid by the Adviser, and the Fund does not report any officer incentive plan terms .
Equity Ownership & Alignment
| Metric | Value | Citation |
|---|---|---|
| Officer’s individual Fund share ownership | Not individually disclosed | |
| Executive officers and Board members – group ownership of each Fund | Less than 1% of outstanding shares (as of June 20, 2025) | |
| Pledged shares | Not disclosed | |
| Stock ownership guidelines (officers) | Not disclosed (Board Members follow a guideline to invest at least one year of compensation; officers not covered) |
Employment Terms
| Term | Detail | Citation |
|---|---|---|
| Title | Vice President and Secretary | |
| Year of birth | 1968 | |
| Start year in officer role | Since 2008 (tenure ongoing) | |
| Term length | Indefinite; officers elected annually to serve until successors are elected and qualified | |
| Contract expiration | Not disclosed | |
| Non‑compete / Non‑solicit | Not disclosed | |
| Severance / Change‑of‑control | Not disclosed | |
| Clawback / Tax gross‑ups | Not disclosed | |
| Authorized SEC signatory | Signs current reports and Section 16 filings under POA |
Fund Performance Context (Distributions)
| Metric | Nov 2024 | Dec 2024 | Jan 2025 | Feb 2025 | Mar 2025 | Apr 2025 |
|---|---|---|---|---|---|---|
| NUV monthly distribution per common share (USD) | $0.0310 | $0.0325 | $0.0325 | $0.0325 | $0.0325 | $0.0325 |
| NUV total distributions for period (USD) | colspan (Nov–Apr) $0.1935 | |||||
| NUV market yield | 4.50% (period ended Apr 30, 2025) | |||||
| NUV taxable‑equivalent yield | 7.60% (period ended Apr 30, 2025) |
Investment Implications
- Compensation transparency is limited: officers are compensated by the Adviser, with no Fund‑level disclosure of base/bonus/equity, reducing direct pay‑for‑performance visibility for Winget. This diminishes the ability to tie incentives to Fund outcomes (e.g., discount management or distribution coverage) .
- Alignment via ownership appears modest: as of June 20, 2025, executive officers and Board Members as a group held <1% of outstanding shares across Funds; Winget’s individual holdings are not disclosed, and no pledging information is provided. This suggests limited direct “skin‑in‑the‑game” at the Fund level .
- Retention/continuity factor: Winget’s long tenure (since 2008) and ongoing role as Vice President and Secretary, including SEC signatory responsibilities, indicate operational continuity in legal and governance processes; no severance or change‑of‑control economics are disclosed to assess retention risk or “golden parachute” incentives .
- Trading signals: No Section 16 transactions by Winget are disclosed; his POA signatures on others’ filings reflect administrative authority rather than investment activity, offering no directional signal for NUV .