Tina M. Lazar
About Tina M. Lazar
Tina M. Lazar serves as Vice President of Nuveen Municipal Value Fund, Inc. (NUV) and is a Managing Director of Nuveen Securities, LLC (Chicago, IL). She has served as a fund officer since 2002 and has been a Managing Director since 2017; prior roles include Senior Vice President (2014–2017) . Year of birth is 1961, and she holds a Bachelor’s degree from the University of St. Francis . Fund proxies for NUV do not disclose executive pay, performance metrics (TSR, revenue, EBITDA), or incentive linkages for officers, and explicitly note officers receive no compensation from the Funds .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Managing Director | Since 2017 | Senior leadership role; oversight responsibilities at Nuveen Securities . |
| Nuveen Securities, LLC | Senior Vice President | 2014–2017 | Senior executive role prior to MD appointment . |
| Nuveen Investments | VP, Shareholder Services | 1985–2008 | Managed Shareholder Services and Transfer Agent for closed-end/mutual funds; AML officer responsibilities . |
| Nuveen Municipal Value Fund, Inc. (and Nuveen fund complex) | Vice President (fund officer) | Since 2002 | Long-tenured fund officer across Nuveen funds . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | — | — | None disclosed in NUV fund filings or related fund documents for Lazar . |
Fixed Compensation
Officers receive no compensation from the Funds, and the proxy statements do not disclose salaries, bonuses, or other cash compensation for fund officers.
| Component | Disclosure Status | Notes |
|---|---|---|
| Base salary | Not disclosed | Officers receive no compensation from the Funds . |
| Target bonus % | Not disclosed | Not provided in NUV proxy filings for officers . |
| Actual bonus paid | Not disclosed | Not provided in NUV proxy filings for officers . |
| Perquisites | Not disclosed | No officer perquisite disclosures in the NUV proxies . |
Performance Compensation
No performance-oriented compensation (RSUs, PSUs, options, performance metrics, vesting schedules) is disclosed for NUV officers; officers receive no compensation from the Funds.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| — | — | — | — | — | No officer incentive plan disclosures for NUV; officers receive no compensation from the Funds . |
Equity Ownership & Alignment
NUV proxies disclose 5%+ beneficial owners and board member holdings but do not itemize officer-level share ownership or pledging. There are no disclosures for Lazar’s individual NUV ownership, pledging, or compliance vs. ownership guidelines.
| Item | Status | Source/Notes |
|---|---|---|
| Total beneficial ownership (shares) | Not disclosed | Officer-level holdings not itemized in NUV proxies . |
| Ownership as % of shares outstanding | Not disclosed | Only institutional 5%+ holders are listed . |
| Vested vs. unvested shares | Not disclosed | No officer equity award disclosures . |
| Options (exercisable/unexercisable) | Not disclosed | No officer option disclosures . |
| Shares pledged as collateral | Not disclosed | No pledging disclosures for officers . |
| Stock ownership guidelines | Not disclosed | No officer ownership guideline disclosures . |
| Compliance status vs. guidelines | Not disclosed | Not disclosed in NUV proxies . |
Employment Terms
Fund proxies provide officer role, term, and length of service but do not include employment contracts, severance, change-of-control (CoC), or restrictive covenant terms for fund officers.
| Term/Provision | Disclosure | Details |
|---|---|---|
| Term of Office | Indefinite | Vice President; elected by the Board; serves until successor elected/qualified . |
| Length of Service (fund officer) | Since 2002 | Continuous service across Nuveen fund complex . |
| Employer (compensation source) | Nuveen Securities, LLC | Managing Director since 2017 . |
| Employment start date at Nuveen | 1985 (career history) | Per LinkedIn; long-tenured at Nuveen . |
| Severance provisions | Not disclosed | No officer severance terms in NUV proxies . |
| Change-of-control provisions | Not disclosed | No CoC economics for officers in NUV proxies . |
| Clawback provisions | Not disclosed | No officer clawback disclosures . |
| Non-compete / Non-solicit | Not disclosed | Not disclosed in NUV filings . |
Investment Implications
- Pay-for-performance assessment at the fund level is not possible for Lazar: NUV proxies explicitly state officers receive no compensation from the Funds; there are no disclosed cash/equity incentives or performance metrics for officers that could drive fund-level alignments .
- Retention risk appears low given long tenure and an indefinite officer term; Lazar has served as a fund officer since 2002 and has held senior roles at Nuveen since at least 2014–2017, suggesting continuity and institutional knowledge .
- Insider selling pressure and vesting schedules are not observable: there are no officer equity award disclosures or vesting schedules, and proxies do not itemize officer share ownership or pledging; only 5%+ institutional holders are disclosed .
- Governance stability: officer elections are annual/indefinite and part of a unitary Nuveen board structure across the complex, supporting operational consistency; however, officer-specific employment agreements, severance, CoC, and clawbacks are not disclosed, limiting contract risk analysis .
Net takeaway: For trading or compensation-alignment signals, NUV’s disclosure regime for fund officers yields minimal visibility—no pay metrics, equity grants, or ownership details are provided. Focus diligence on Nuveen corporate-level disclosures (if accessible) and fund performance/structure rather than officer-related incentives, while recognizing Lazar’s long tenure and roles within Nuveen’s operating framework .