Brad Mead
About Brad Mead
Brad Mead (year of birth: 1990) serves as Chief Compliance Officer (CCO) and Secretary of NXG NextGen Infrastructure Income Fund; he has been an officer since 2024 and is based at One Energy Square, 4925 Greenville Ave., Suite 1310, Dallas, TX 75206 . Fund officers receive no compensation from NXG; compensation, if any, is paid by the Adviser (Cushing Asset Management, LP) in such capacities; the Nominating & Corporate Governance Committee oversees the appointment and compensation of the CCO . On Section 16 ownership reporting, NXG disclosed that Brad Mead’s initial Form 3 was inadvertently not filed timely; his Form 3 subsequently reported no securities beneficially owned as of the event date (10/10/2024) . Performance metrics like TSR, revenue growth, EBITDA growth tied to his role are not disclosed for officers of the Fund .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Cushing Asset Management, LP (Adviser) & Funds in Fund Complex | Chief Compliance Officer (CCO) | 2024–present | Oversees development and application of Compliance Policies; reports to Independent Trustees |
| Cloudbreak Compliance Group | Senior Compliance Consultant | 2023–2024 | Not disclosed |
| IQEQ | Senior Manager, Manager, Senior Associate of Compliance | 2020–2023 | Not disclosed |
| Blue River Partners LLC | Senior Associate and Associate of Compliance | 2018–2020 | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed | — | — | No external directorships/committee roles disclosed for Fund officers in this proxy |
Fixed Compensation
- Officers of the Fund, including the CCO, receive no compensation from NXG; compensation may be paid by the Adviser in such capacities, but amounts are not disclosed .
- The Nominating & Corporate Governance Committee reviews compensation to certain persons including the CCO of the Funds (no quantitative detail provided) .
| Component | From NXG (Fund) | From Adviser | Notes |
|---|---|---|---|
| Base Salary | None | Not disclosed | Committee oversees CCO compensation |
| Target Bonus % | None | Not disclosed | Not disclosed |
| Actual Bonus Paid | None | Not disclosed | Not disclosed |
| Perquisites | None from Fund | Not disclosed | Trustees do not receive pensions/retirement; officers’ perquisites not disclosed |
Performance Compensation
- No RSUs/PSUs, options, or performance-based pay disclosed by the Fund for officers; any Adviser-linked incentives are not disclosed .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Detail | As-of | Citation |
|---|---|---|---|
| Beneficial Ownership (Form 3) | No securities beneficially owned | Event date 10/10/2024; filed 11/08/2024 | |
| Role on Form 3 | Officer: Chief Compliance Officer | 10/10/2024 | |
| Group Ownership | Trustees/Trustee nominees and officers as a group owned <1% of outstanding shares | 12/31/2024 | |
| Shares Pledged | Not disclosed | — | |
| Hedging Policy | Not disclosed | — | |
| Stock Ownership Guidelines | Not disclosed | — | |
| Compliance Status with Guidelines | Not disclosed | — |
Employment Terms
| Term | Detail | Citation |
|---|---|---|
| Positions | Chief Compliance Officer and Secretary | |
| Start Date (Officer Tenure) | Officer since 2024 | |
| Term of Office | At discretion of the Board or until a successor is duly elected and qualified | |
| Employment Contract Term | Not disclosed | |
| Severance Provisions | Not disclosed | |
| Change-of-Control Provisions | Not disclosed | |
| Clawback Provisions | Not disclosed | |
| Non-Compete/Non-Solicit | Not disclosed | |
| Garden Leave | Not disclosed | |
| Post-Termination Consulting | Not disclosed |
Investment Implications
- Alignment: As of his Form 3, Mead reported no NXG holdings, implying minimal direct “skin-in-the-game” alignment at that time; monitor future Section 16 filings for changes (e.g., Form 4 acquisitions) .
- Compensation transparency: NXG discloses that officers are paid by the Adviser and not the Fund; however, specific Adviser-linked compensation elements (cash/equity/metrics) are not disclosed, limiting pay-for-performance assessment .
- Governance/controls: The CCO reports to Independent Trustees and oversees Compliance Policies—positive for control environment; note the proxy’s disclosure of the initially late Form 3 filing for Mead, which was corrected—continue monitoring timeliness of insider filings as a compliance signal .
- Trading signals/insider pressure: With no reported beneficial ownership as of the event date, there is no immediate insider selling pressure from Mead; future acquisitions would create potential selling dynamics, so track updates via Forms 4/5 .