Albin Moschner

About Albin F. Moschner

Independent trustee of Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) since 2016; year of birth 1952; electrical engineer turned operating executive with senior roles across telecom, consumer electronics, and payments technology . He is deemed independent (not an “interested person” under the 1940 Act) and serves on the unitary Nuveen Funds board overseeing 218 portfolios . Education: B.E. in Electrical Engineering, The City College of New York (1974); M.S. in Electrical Engineering, Syracuse University (1979) .

Past Roles

External Roles

Board Governance

• QQQX board class and term: Class III; current term runs until the 2027 annual meeting for funds without preferred shares (QQQX has no preferred shares outstanding) .
• Independence: All trustees (including Moschner) are independent (“not interested persons”) of the Funds and Nuveen/TIAA affiliates .
• Committee roles and expertise:
  • Closed-End Fund Committee: Chair (oversees discounts/premiums, leverage usage, repurchases; meets quarterly) .
  • Compliance, Risk Management & Regulatory Oversight Committee: Member .
  • Nominating & Governance Committee: Member .
  • Investment Committee: Member .
  • Audit Committee: Designated “audit committee financial expert” under SEC rules; not listed as a current Audit Committee member in the membership list .
• Meeting attendance: Each trustee attended at least 75% of board and applicable committee meetings in the last fiscal year .
• QQQX meeting cadence last fiscal year: 5 regular board; 9 special board; committees—Executive 5, Dividend 10, Compliance 5, Audit 14, Nominating & Governance 5, Investment 4, Closed-End 4 .
• Board leadership: Board is led by Independent Chair Robert L. Young; unitary board structure across Nuveen Funds to enhance oversight consistency .

Fixed Compensation

• Independent trustee pay structure (effective Jan 1, 2024; updated Jan 1, 2025):
  • Annual retainer: $350,000 .
  • Committee membership retainers (per committee; increases effective Jan 1, 2025 in parentheses): Audit $30,000 ($35,000); Compliance $30,000 ($35,000); Investment $20,000 ($30,000); Dividend $20,000 ($25,000); Nominating & Governance $20,000 ($25,000); Closed-End Funds $20,000 ($25,000) .
  • Chair retainers: Board Chair $140,000 ($150,000); Audit/Compliance Chairs $30,000 ($35,000); Investment Chair $20,000 ($30,000); Dividend/Nominating/Closed-End Chairs $20,000 ($25,000) .
  • Ad hoc meeting fees: $1,000 or $2,500 depending on length/immediacy; special assignment committees have additional quarterly fees (chair/member) .
  • No pension/retirement plans; a Deferred Compensation Plan is available to independent trustees .

Performance Compensation

• No stock option, PSU/RSU, or performance-based equity awards for trustees; compensation is cash-based with optional deferral into fund equivalents via the Deferred Compensation Plan .
• Deferred compensation elections (last fiscal year): No deferred fees recorded for Moschner across participating funds (table shows blanks for his entries) .

Other Directorships & Interlocks

• Current public company directorships: None disclosed for the past five years beyond prior roles listed (USA Technologies; Wintrust Financial) .
• Interlocks/affiliated holdings: The proxy lists affiliated-company holdings only for another trustee (Thomas J. Kenny); no such affiliated-company holdings are disclosed for Moschner .

Expertise & Qualifications

• Designated “audit committee financial expert” by the Board under SEC rules, reflecting financial literacy and oversight competency .
• Deep operating background in telecom/wireless and consumer electronics (COO/CMO Leap Wireless; CEO Zenith; President Verizon Card Services), plus board leadership in payments technology (USA Technologies) .
• Oversees 218 portfolios in the Nuveen/TIAA fund complex, indicating breadth of governance scope .
• Electrical engineering degrees (CCNY; Syracuse University) support technical and operational rigor .

Equity Ownership

• Policy/guideline: Board members are expected to invest at least one year of compensation (directly or deferred) in funds within the Fund Complex to align interests .
• Ownership as % of outstanding: Each trustee’s individual holdings in each fund (including QQQX) were <1% as of the relevant dates .

• Aggregate range across all registered investment companies overseen: “Over $100,000” for Moschner .

Governance Assessment

• Positives

  • Independent trustee with long tenure (since 2016), broad operating experience, and SEC-designated audit committee financial expert credential, supporting board effectiveness and financial oversight .
  • Chairs the Closed-End Fund Committee, which specifically engages on discounts/premiums, leverage, buybacks—key drivers of CEF investor outcomes; indicates active focus on shareholder-alignment levers .
  • Attendance met the board’s ≥75% threshold across board/committee meetings; QQQX had a robust cadence (14 Audit; 10 Dividend; 4 Closed-End) underscoring workload coverage .
  • Board governance updates include elimination of “control share” by-law provisions in 2024, which can be seen as shareholder-friendly for voting rights .
  • Section 16 compliance clean for trustees/officers (no delinquent filings) .

• Potential Concerns / Red Flags to Monitor

  • No disclosed personal ownership in QQQX, though he holds material stakes in other Nuveen funds; alignment is at the complex level rather than QQQX-specific .
  • Significant cash retainer increase in 2024/2025 and high aggregate trustee compensation ($481,250 for Moschner) should be weighed against the extensive portfolio oversight (218 funds) and meeting load .
  • Unitary board structure spreads trustees across many funds; while efficient, it may constrain fund-specific depth despite committee specialization .
  • Not listed as a current Audit Committee member despite being designated a financial expert—committee rotation and assignment choices warrant periodic review for optimal financial oversight mix .

• Related-Party/Conflicts

  • No related-party transactions or loans involving Moschner are disclosed; no affiliated-company holdings disclosed for him in companies advised by Nuveen affiliates (contrast: such holdings are disclosed for another trustee) .

Director Compensation (Structure Summary)

Other Directorships & Interlocks

Performance & Track Record Notes

• Board/committee activity is intensive (e.g., 14 Audit and 10 Dividend Committee meetings for QQQX), aligning with a proactive governance posture on controls, valuation, distributions, and closed-end market dynamics .
• The Closed-End Fund Committee agenda includes discount analysis, leverage strategy reviews, repurchases, and market workshops—directly relevant to QQQX’s discount and income objectives .

Risk Indicators

• Legal/SEC: No delinquent Section 16(a) reports; independent auditors (PwC for QQQX) affirmed independent with no material financial interests; Audit Committee pre-approves audit/non-audit services under established policy .
• Governance: Control share by-law provisions eliminated in 2024; suggests responsiveness to governance critiques in closed-end funds .

Compensation Committee Analysis (context for funds)

• The Nominating & Governance Committee periodically reviews trustee compensation and board processes; no separate “executive compensation committee” exists given the fund structure and absence of executive pay at the fund level .

Say-on-Pay & Shareholder Feedback

• Not applicable to closed-end funds; no say-on-pay votes disclosed .

Employment & Contracts

• Trustees have no employment contracts with the fund; officers are uncompensated by the funds; CCO compensation is paid by the adviser with board oversight .

Board Meeting Snapshot (QQQX – last fiscal year)