Tina M. Lazar
About Tina M. Lazar
Tina M. Lazar serves as Vice President of Nuveen Municipal Credit Income Fund (NZF) and has held officer roles with the Nuveen closed‑end funds complex since 2002; her principal occupation is Managing Director of Nuveen Securities, LLC, with prior service as Senior Vice President from 2014–2017 . She is listed with the business address 333 West Wacker Drive, Chicago, IL 60606, and year of birth 1961 . Officers are elected annually to serve for an indefinite term and receive no compensation from the Funds (compensation is handled by the Adviser/Nuveen), so no fund‑level performance metrics (TSR, revenue, EBITDA) are tied to her compensation in the proxy disclosures .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen Securities, LLC | Managing Director | Since 2017 | Senior leadership capacity at the Adviser for fund operations (no further detail disclosed) |
| Nuveen Securities, LLC | Senior Vice President | 2014–2017 | Senior executive role prior to promotion (no further detail disclosed) |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Not disclosed | — | — | No external directorships or roles for Ms. Lazar are disclosed in NZF proxy officer biographies beyond her Nuveen positions . |
Fixed Compensation
Officers receive no compensation from the Funds; compensation for certain fund officers (e.g., CCO) is paid by the Adviser and may be reimbursed in part, but individual amounts for Ms. Lazar are not disclosed in fund filings .
| Component | Disclosure status | Notes |
|---|---|---|
| Base salary | Not disclosed at fund level | Officers have no fund‑level compensation; compensation resides with Adviser/Nuveen |
| Target bonus % / actual bonus | Not disclosed at fund level | CCO incentive compensation is paid by the Adviser; no officer‑level details provided for Ms. Lazar |
| Perquisites / pension / SERP | Not disclosed | The Funds state they do not have retirement or pension plans for Board Members; officer benefits are not discussed |
| Clawbacks / tax gross‑ups | Not disclosed | No fund‑level disclosure for officers |
Performance Compensation
No equity or option awards, vesting schedules, or performance metric‑linked incentives are disclosed at the fund level for officers (officers receive no compensation from the Funds) .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership | Not individually disclosed for officers in NZF proxies; beneficial ownership tables list Board Members and the group (Board Members and officers) . |
| Board Members and executive officers as a group | Less than 1% of outstanding shares of each Fund as of June 20, 2025 . |
| Dollar ranges (Board Members) | Dollar ranges and share counts are provided for Board Members; officer‑level detail is not individually broken out . |
| Pledging / hedging | No pledging or hedging by officers disclosed in NZF proxy statements . |
| Ownership guidelines | Governance principle expects Board Members to invest at least one year of compensation in the Fund Complex; not applicable to officers . |
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President (Fund officer) |
| Principal occupation | Managing Director of Nuveen Securities, LLC |
| Term of office | Indefinite; officers elected annually by the Board |
| Length of service | Since 2002 (Fund officer) |
| Employer | Nuveen Securities, LLC (Adviser affiliate) |
| Compensation source | Officers receive no compensation from the Funds; certain officer compensation (e.g., CCO) is paid by the Adviser, with reimbursement of an allocable portion of incentive comp |
| Contract terms | No employment contract, severance, or change‑of‑control economics disclosed at the fund level for Ms. Lazar |
| Section 16 status | Funds report compliance with Section 16 filings for Board Members and officers; no delinquent reports noted |
Investment Implications
- Pay‑for‑performance alignment with NZF shares is indirect for Ms. Lazar: officers do not receive fund‑level compensation and are employed/paid by the Adviser (Nuveen), limiting direct NZF TSR‑linked incentives or vesting pressure from fund awards .
- Insider selling pressure appears low from fund‑level perspective: officers’ individual holdings are not disclosed, and Board Members/executive officers as a group own less than 1% of outstanding shares across funds, implying minimal direct trading incentives tied to personal holdings .
- Retention risk looks limited based on tenure: Ms. Lazar has served since 2002 and currently holds a senior role at Nuveen Securities; however, severance, non‑compete, and change‑of‑control terms are not disclosed in fund filings, so retention economics cannot be assessed .
- Governance/process integrity: the funds report timely Section 16 compliance and a robust committee structure at the Board level; nevertheless, those board committee dynamics do not directly inform Ms. Lazar’s compensation or incentives as an officer .