John Schwartz
About John Schwartz
John P. Schwartz serves as Chief Compliance Officer of Royce Global Trust, Inc. (RGT) and The Royce Funds (since May 2022), and has been Associate General Counsel and Compliance Officer at Royce Investment Partners (Royce & Associates, LP) since March 2013; he was age 54 as of the 2025 proxy and has served as an officer of the Fund since 2022 . As of the most recent record dates, he reported no beneficial ownership of RGT shares, and the proxies do not disclose executive pay, performance metrics (TSR, revenue, EBITDA), or incentive structures for fund officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Royce Investment Partners (Royce & Associates, LP) | Associate General Counsel and Compliance Officer | Since March 2013 | Legal and compliance oversight at the investment adviser . |
| The Royce Funds | Chief Compliance Officer | Since May 2022 | Compliance leadership across the fund complex . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in the Fund’s proxy statements |
Fixed Compensation
- The Fund’s proxy statements provide detailed director compensation but do not include salary, bonus, or equity compensation tables for Fund officers; the Board does not have a standing compensation committee, and Independent Directors review their compensation annually .
Performance Compensation
- No disclosures of officer performance metrics, incentive weightings, plan-based awards, vesting schedules, or payouts for Fund officers are included in the proxy statements .
Equity Ownership & Alignment
| Metric | Q2 2024 | Q2 2025 |
|---|---|---|
| Beneficial ownership (# shares) | None | None |
| Shares outstanding | 6,361,220 | 6,519,010 |
| Ownership as % of shares outstanding | 0.00% (None; 6,361,220) | 0.00% (None; 6,519,010) |
- As of the 2025 record date, all Directors and officers as a group (12 persons) beneficially owned ~1.35% of outstanding shares, underscoring limited insider ownership at the Fund level .
- Section 16(a) compliance: the Fund reported that officers, Directors, and >10% holders complied with filing requirements for Forms 3, 4, and 5 in the most recent fiscal year; no individual trading details for officers are provided in the proxy .
Employment Terms
- Officer since 2022; each Fund officer is elected annually and serves at the pleasure of the Board (i.e., no fixed-term disclosure in the proxy) .
- No disclosures on employment agreements, severance, change-of-control triggers, non-compete/non-solicit, garden leave, or post-termination consulting for Fund officers are included in the proxy statements .
Investment Implications
- Alignment: With no reported RGT share ownership for Schwartz at 2024–2025 record dates, direct equity alignment and pledging/hedging signals are minimal from the Fund’s disclosures .
- Pay-for-performance visibility: The absence of officer compensation and incentive metrics in RGT’s proxy limits assessment of cash/equity mix, metric rigor, vesting pressures, or clawbacks—reducing predictive value for compensation-driven behavior .
- Retention risk: Officers serve at the pleasure of the Board without disclosed contract terms, severance, or change-of-control economics in the proxy—implying at-will tenure from the Fund’s perspective but offering no insight into adviser-level arrangements that likely govern actual employment .
- Trading signals: Section 16 compliance is affirmed, but with no holdings disclosed for Schwartz and no Form 4 detail in the proxy, near-term insider selling pressure indicators specific to Schwartz are not evident from the Fund’s filings .