William A. Siffermann
About William A. Siffermann
- Vice President (officer) of Nuveen Municipal Value Fund, Inc. (NUV); Senior Managing Director at Nuveen .
- Year of birth: 1975; service as an officer in the Nuveen fund complex since 2017 .
- Manager of Fund Board Relations at Nuveen (primary contact for board nominations and shareholder communications to the Board) .
- Officers of the Funds serve without any compensation from the Funds (compensation, if any, is paid by the Adviser) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Municipal Value Fund, Inc. (NUV) | Vice President (Fund Officer) | Since 2017 | Supports fund governance and operational oversight within Nuveen’s unitary board fund complex |
| Nuveen (parent organization) | Senior Managing Director | Past five years | Senior leadership role at Nuveen supporting fund administration and board relations across the fund complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Manager of Fund Board Relations | As of 2025 | Primary liaison for Board nominations and shareholder communications; directs process standards and governance interfaces |
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Compensation from NUV | $0 | Officers serve without compensation from the Funds; CCO compensation is paid by the Adviser with partial reimbursement for incentive component; other officer pay (including for Siffermann) is not disclosed in fund filings |
Performance Compensation
- Not disclosed in NUV fund filings for officers (no RSU/PSU/option details, metrics, or vesting schedules appear for fund officers). The Funds state officers are unpaid by the Funds, and compensation programs (if any) would be at the Adviser level and not filed here .
Equity Ownership & Alignment
| Item | Disclosure | Date/Context |
|---|---|---|
| Individual beneficial ownership (Siffermann) | Not individually disclosed in proxy | 2025 DEF 14A does not provide officer-by-officer holdings |
| Officers + Board as a group | Less than 1% of outstanding shares of each Fund | As of June 20, 2025 |
| Board Member investment guideline | Expected to invest at least one year of compensation in Nuveen funds | Applies to Independent Board Members; not stated for officers |
Employment Terms
| Term | Detail |
|---|---|
| Officer election/term | Officers are elected annually by the Board; term is indefinite and they serve until successors are elected and qualified |
| Siffermann officer tenure | Length of service since 2017 in the Nuveen fund complex |
| Contracts/non-compete/severance/CoC | Not disclosed in fund filings (officers are Nuveen employees; such terms would reside with Nuveen and are not filed by the Funds) |
Investment Implications
- Pay-for-performance signals are limited: fund officers, including Siffermann, receive no compensation from NUV itself; any pay structures (bonuses/equity/vesting) would be at Nuveen and are not disclosed in fund filings, reducing visibility into alignment and vesting overhangs .
- Insider selling pressure/pledging: no officer-level ownership or pledging disclosures; group-level ownership is immaterial (<1%), implying negligible direct trading signals from officer stakes in NUV .
- Retention risk appears low on tenure evidence (officer since 2017) but cannot be fully assessed without Nuveen-level employment terms; governance role as Manager of Fund Board Relations indicates embedded institutional responsibilities within the fund complex .