Devan Goolsby
About Devan Goolsby
Vice President and Corporate Counsel at Prudential (PGIM Investments) and Assistant Secretary across multiple PGIM fund complexes. Year of birth: 1991; roles include Assistant Secretary of PGIM Alternatives Funds (since Sep 2023), PGIM Retail Funds (since Dec 2023), and Prudential Annuities Funds (since Mar 2024); prior roles at Eversheds Sutherland (Associate, 2021–2023), Bloomberg LP (Compliance Officer, 2019–2021), and FINRA (Examiner, 2015–2019). Compensation for fund officers is paid by the Manager (PGIM Investments LLC) and not disclosed by the fund; no personal TSR or revenue/EBITDA-linked targets are reported in fund filings . Goolsby is listed as an attorney-in-fact for SEC filings for PGIM funds, evidencing governance and regulatory responsibilities rather than operating P&L accountability .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eversheds Sutherland (US) LLP | Associate | 2021–2023 | Legal counsel experience relevant to fund governance and regulatory disclosures |
| Bloomberg LP | Compliance Officer | 2019–2021 | Compliance operations and controls exposure; supports execution risk mitigation in regulated environments |
| FINRA | Examiner | 2015–2019 | Regulatory exam experience; informs strong compliance posture and oversight capabilities |
External Roles
No external public-company directorships or committee roles are disclosed for Goolsby in PGIM fund filings .
Fixed Compensation
- Fund officer compensation (including officers like Goolsby) is paid by the Manager under the Management Agreement and is not disclosed in the fund’s proxy; independent trustees receive retainers, but officers and the interested trustee do not receive compensation from PGIM Investments-managed funds .
- Base salary, bonus targets, and cash compensation for Goolsby are therefore not available in fund filings .
Performance Compensation
- No equity award detail, option grants, PSU/RSU schedules, or performance-linked compensation metrics (TSR, revenue growth, EBITDA, ESG) are disclosed for Goolsby in PGIM fund filings .
- As a legal/compliance officer across PGIM fund complexes, the role is not presented with fund-level performance metric weightings or payout curves in proxies .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (Fund-level) | Devan Goolsby: “—” (no reported shares); officers as a group own 23,907.225 shares, largely attributable to Stuart S. Parker; Goolsby individually shows no holdings and thus less than 1% of outstanding shares . |
| Ownership % of shares outstanding | Not applicable/none for Goolsby based on proxy table (“—”) . |
| Vested vs unvested shares | Not disclosed for officers; no RSU/PSU balances provided in fund proxy . |
| Options (exercisable/unexercisable) | No option holdings disclosed for officers . |
| Pledging/hedging | No pledging or hedging disclosures for Goolsby; none reported in officer tables . |
| Stock ownership guidelines | Not disclosed for fund officers; proxies detail trustee compensation but not officer ownership requirements . |
Employment Terms
| Term | Detail |
|---|---|
| Current positions | Assistant Secretary of PGIM Alternatives Funds (since Sep 2023), PGIM Retail Funds (since Dec 2023), Prudential Annuities Funds (since Mar 2024); Vice President and Corporate Counsel at Prudential since May 2023 . |
| Start date (fund officer) | Since September 2023 for PGIM Private Credit Fund; expanded to additional PGIM complexes thereafter . |
| Contract length/auto-renewal | Not disclosed for individual officers; fund-level Management Agreement governs compensation of officers . |
| Non-compete/non-solicit | Not disclosed in fund filings for officers . |
| Garden leave/consulting post-termination | Not disclosed in fund filings for officers . |
| Attorney-in-fact authority | Named as attorney-in-fact authorized to execute registration and Exchange Act filings on behalf of trustees/officers of PGIM funds . |
Additional Governance Notes
- Officer roster confirms Goolsby’s legal/compliance capacity, supporting proxy execution and regulatory filing processes across PGIM fund entities .
- Independent trustee compensation is disclosed separately; officers (including Goolsby) are compensated by the Manager and excluded from fund compensation tables .
Investment Implications
- Alignment: No fund-level share ownership by Goolsby indicates low direct equity alignment at the fund entity; however, as a legal/compliance officer, the role’s primary lever is governance quality rather than financial performance delivery .
- Compensation transparency: Officer pay is not disclosed at the fund level, limiting pay-for-performance analysis; absence of disclosed RSU/PSU or option awards suggests minimal insider selling pressure signals from fund-level filings .
- Retention and execution risk: Tenure across PGIM fund complexes since 2023 and prior FINRA/Bloomberg/Eversheds compliance/legal experience point to strong regulatory process rigor; no employment or severance/change-of-control terms disclosed for officers, so retention economics cannot be assessed from fund filings .
- Trading signals: With no reported personal holdings or vesting schedules, there are no insider ownership or scheduled vest-driven sell windows to monitor at the fund level; focus instead on broader PGIM governance and advisor-level developments for risk signal detection .