David Lamb
Chief Administrative Officer (Principal Executive Officer) at Nuveen NASDAQ 100 Dynamic Overwrite Fund
Executive
About David Lamb
David J. Lamb serves as Chief Administrative Officer and Principal Executive Officer of Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). He has held officer roles with the Nuveen closed-end fund complex since 2015; his term of office is indefinite and he was born in 1963. Lamb’s principal occupation over the past five years is Senior Managing Director at Nuveen Fund Advisors, LLC and Senior Managing Director at Nuveen Securities, LLC, alongside senior roles within Nuveen; officers receive no compensation from the Funds and are elected annually by the Board to serve until successors are elected and qualified .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director | Since 2019 | Senior leadership across the Nuveen fund complex administration and governance . |
| Nuveen (parent) | Senior Managing Director | Since 2021 | Enterprise-level oversight; progression from Managing Director indicating expanded responsibilities . |
| Nuveen Securities, LLC | Managing Director → Senior Managing Director | Managing Director 2020–2021; Senior Managing Director since 2021 | Broadened remit across distribution and fund operations . |
| Nuveen (parent) | Managing Director | 2017–2021 | Elevated from SVP; increased operational leadership within fund complex . |
| Nuveen (parent) | Senior Vice President | 2006–2017 | Long-tenure operating leadership; continuity in fund administration . |
| Nuveen (parent) | Vice President | Prior to 2006 | Early-career progression within Nuveen . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in DEF 14A officer biographies | — | — | Officer biographies list Nuveen positions only; no external roles are disclosed for Lamb . |
Fixed Compensation
| Element | Disclosure | Notes |
|---|---|---|
| Cash compensation (from QQQX/Fund) | None — officers receive no compensation from the Funds | Compensation paid by employer (Nuveen affiliates) and not disclosed in Fund filings . |
| Base salary | Not disclosed by Fund | Officer is employed by Nuveen Fund Advisors, LLC/Nuveen; salary terms not in Fund proxy . |
| Target/Actual bonus | Not disclosed by Fund | Any bonus would be determined by Nuveen; not reported by the Fund . |
| Perquisites | Not disclosed by Fund | Fund filings do not report officer perquisites . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at Fund level | — | — | — | Officers receive no compensation from the Funds; no fund-linked incentive metrics disclosed | — . |
Officers are elected annually, serve indefinitely, and receive no compensation from QQQX or sister funds; compensation structures (including any RSUs/PSUs/options, metrics, vesting) are established by Nuveen and not disclosed in Fund proxies .
Equity Ownership & Alignment
- Individual officer beneficial ownership: Fund proxies disclose dollar ranges for Board Members/nominees and aggregate holdings for “Board Members/Nominees and Officers as a group,” but do not provide individual officer (e.g., Lamb) share counts for QQQX; “Beneficial Ownership” tables focus on Board Members’ ranges and group totals across funds .
- Pledging/hedging: No disclosure of officer stock pledging or hedging in Fund proxies .
- Ownership guidelines: Director deferred compensation and dollar range disclosures are provided; no officer stock ownership guidelines are disclosed in Fund proxies .
Employment Terms
| Term | Disclosure | Notes |
|---|---|---|
| Title | Chief Administrative Officer (Principal Executive Officer) | QQQX and other Nuveen funds in the complex . |
| Term of office | Indefinite | Officers elected annually to serve until successors are elected and qualified . |
| Length of service | Since 2015 | Continuous tenure across the fund complex . |
| Employer | Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen | Principal occupation in Nuveen entities . |
| Severance / Change-of-control | Not disclosed in Fund proxy | No severance or CoC terms for officers are reported by the Fund . |
| Contracts / non-compete / non-solicit | Not disclosed in Fund proxy | Fund proxies do not report officer employment contract details . |
Performance & Track Record
- Administrative leadership continuity since 2015; role designated Principal Executive Officer in recent filings .
- Board consolidation across Nuveen and TC Funds effective January 1, 2024 was implemented to drive cost efficiencies, economies of scale, and standardized servicing, indicating operational execution focus within the fund complex .
Investment Implications
- Compensation alignment to QQQX performance is structurally limited because the Fund does not pay officers; any incentives and performance metrics are set by Nuveen and are not disclosed in Fund proxies, reducing transparency into pay-for-performance linkages for Fund shareholders .
- Retention risk appears low given Lamb’s long tenure (since 2015) and senior managing director status across Nuveen entities, suggesting institutional continuity in fund administration .
- Trading signals tied to insider selling pressure cannot be assessed from Fund proxies; beneficial ownership is disclosed for Board Members and officers as a group but not individually for officers, and pledging/hedging is not disclosed .
- Governance execution remains the primary lever: the 2024 board consolidation aimed at cost efficiencies and standardized servicing may support long-term operational stability and scale benefits for the fund complex .