David J. Lamb
Chief Administrative Officer (Principal Executive Officer) at Nuveen AMT-Free Municipal Value Fund
Executive
About David J. Lamb
David J. Lamb is Chief Administrative Officer (Principal Executive Officer) of Nuveen AMT‑Free Municipal Value Fund (NUW), serving since 2015, with a “Term: Indefinite” and business address at 333 West Wacker Drive, Chicago, IL; year of birth: 1963 . He is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, having previously held various positions at Nuveen, including Managing Director and Senior Vice President . Officers receive no compensation from the Fund, and the proxy materials do not disclose education, fund‑level TSR, revenue, or EBITDA metrics tied to his role .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| NUW (Fund officer) | Chief Administrative Officer (Principal Executive Officer) | Since 2015 (Term: Indefinite) | Principal executive officer oversight for the fund’s administrative functions |
| Nuveen Fund Advisors, LLC | Managing Director → Senior Managing Director | MD since 2019; SMD since 2021 | Senior leadership within fund adviser; progression reflects increased responsibility |
| Nuveen Securities, LLC | Managing Director → Senior Managing Director | MD 2020–2021; SMD since 2021 | Senior role at the broker‑dealer affiliate; elevation to SMD indicates broader remit |
| Nuveen (parent platform) | Vice President → Senior Vice President → Managing Director → Senior Managing Director | VP prior to 2006; SVP 2006–2017; MD 2017–2021; SMD since 2021 | Long‑tenured executive progression across Nuveen entities |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in NUW filings | — | — | No external directorships or roles disclosed in officer biographies |
Fixed Compensation
- Officers receive no compensation from the Fund; compensation (if any) is paid by affiliates and not disclosed in NUW proxy materials .
| Component | NUW Fund Paid? |
|---|---|
| Base Salary | No – officers receive no compensation from the Fund |
| Bonus | No – officers receive no compensation from the Fund |
| Equity/Options (Fund) | No – officers receive no compensation from the Fund |
| Perquisites (Fund) | No – officers receive no compensation from the Fund |
Performance Compensation
- Not disclosed for NUW officers; no fund‑level performance metrics (revenue growth, EBITDA, TSR) tied to officer compensation are provided in the proxy .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
Equity Ownership & Alignment
- Individual officer beneficial holdings in NUW are not disclosed; proxies list “All Board Members/Nominees and Officers as a Group” ownership for funds in older appendices, but do not break out officer‑specific holdings for NUW .
- No disclosures identified regarding officer stock ownership guidelines, pledging or hedging policies applicable to officers in NUW proxy materials .
Employment Terms
| Term | Detail |
|---|---|
| Position | Chief Administrative Officer (Principal Executive Officer) |
| Length of Service | Since 2015 |
| Term Type | Indefinite |
| Election/Appointment | Officers are elected by the Board on an annual basis to serve until successors are elected and qualified |
Investment Implications
- Compensation alignment and insider selling pressure: With no fund‑level compensation for officers, there are no NUW‑tied RSUs/options, vesting schedules, or grant calendars that would create mechanical selling pressure or direct pay‑for‑performance levers at the fund level; any incentives reside at Nuveen affiliates and are not disclosed in NUW proxies .
- Retention risk: Tenure since 2015 and elevation to Senior Managing Director roles across Nuveen entities suggest continuity; however, employment contracts, severance, non‑compete, change‑of‑control and clawback terms are not disclosed in NUW filings, limiting assessment of retention economics .
- Governance context: The October 2023 board consolidation across the broader fund complex targets cost efficiencies and standardized oversight, which may streamline board operations and vendor negotiations; while not specific to Lamb, this governance environment can influence administrative execution under the principal executive officer’s remit .