Brian H. Lawrence
About Brian H. Lawrence
Brian H. Lawrence serves as Vice President and Assistant Secretary of SPXX, with an indefinite term and service since 2023. He is Vice President and Associate General Counsel of Nuveen and holds parallel legal officer roles with Teachers Advisors, LLC and TIAA‑CREF Investment Management, LLC; previously, he was Corporate Counsel at Franklin Templeton from 2018–2022. The proxy lists his business address (8500 Andrew Carnegie Blvd., Charlotte, NC 28262) and birth year (1982). Fund filings emphasize that SPXX has no employees and fund officers serve without compensation from the Funds, meaning pay‑for‑performance and TSR/financial metrics are not applicable at the fund level for officers .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Nuveen | Vice President and Associate General Counsel | Past 5 years (current) | Senior legal counsel supporting Nuveen fund complex governance and operations |
| Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (current) | Legal officer roles across TIAA‑affiliated asset management entities |
| Franklin Templeton | Corporate Counsel | 2018–2022 | Corporate counsel experience at a global asset manager |
External Roles
No external directorships or board roles for Brian H. Lawrence are disclosed in SPXX’s proxy filings. Skip—no disclosure found .
Fixed Compensation
Fund officers (including Brian H. Lawrence) do not receive compensation from SPXX; the Funds have no employees. The Fund’s Chief Compliance Officer is paid by the Adviser (Nuveen), with the Fund reimbursing an allocable portion of the CCO’s incentive compensation. Officer‑level salary/bonus/equity for Brian (as a Nuveen/TIAA employee) is not disclosed in SPXX filings .
| Item | SPXX Disclosure | Citation |
|---|---|---|
| Base Salary | Not applicable at fund level (officers serve without compensation from the Funds) | |
| Target Bonus % | Not applicable at fund level | |
| Actual Bonus Paid | Not applicable at fund level | |
| Officer Compensation Source | Paid by Adviser (Nuveen/TIAA) if applicable; fund reimburses portion of CCO incentive comp |
Performance Compensation
No fund‑level performance incentives (RSUs/PSUs/options) for officers are disclosed; officers serve without compensation from the Funds. Performance metrics (revenue, EBITDA, TSR) are not tied to officer pay at the fund level .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable (fund officers not compensated by SPXX) | — | — | — | — | — |
Equity Ownership & Alignment
Fund‑level beneficial ownership disclosures focus on Board Members; officers are included only on a group basis. As of January 19, 2024, Board Members’ individual beneficial shareholdings of each Fund were less than 1% of outstanding shares, and Board Members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund. Board Member investment guideline: expected to invest at least the equivalent of one year of compensation in Nuveen funds; this guideline is not stated as applying to officers .
| Item | As‑of Date | Disclosure | Citation |
|---|---|---|---|
| Individual Board Member holdings per Fund | Jan 19, 2024 | Each Board Member’s holdings <1% of outstanding shares | |
| Board Members + executive officers (group) | Jan 19, 2024 | Group beneficial ownership <1% of outstanding shares of each Fund | |
| Board Member investment guideline | Various (policy) | Expected to invest ≥ one year of compensation in Nuveen fund complex | |
| Officer‑specific share ownership (Brian H. Lawrence) | — | Not individually disclosed for officers in SPXX proxy |
Note: The proxy provides detailed dollar‑range holdings for Independent Board Members only (Appendix A); officers are not itemized .
Employment Terms
| Term | SPXX Disclosure | Details | Citation |
|---|---|---|---|
| Position | Vice President and Assistant Secretary | Indefinite term; length of service since 2023 | |
| Compensation Arrangements | Not applicable at fund level | Officers serve without any compensation from the Funds | |
| Employment Agreement, Severance, CoC | Not disclosed in SPXX filings | No 8‑K 5.02 appointing/compensatory arrangements referencing Brian found; proxy does not detail officer contracts | |
| Section 16 Compliance | General statement of compliance | Funds state Board Members/officers/adviser complied with filing requirements in last fiscal year |
Investment Implications
- Compensation alignment and selling pressure: Because SPXX has no employees and officers serve without fund‑level compensation, there are no fund‑level salaries/bonuses/equity awards or vesting events that would create insider selling pressure or pay‑for‑performance alignment levers tied to SPXX for Brian H. Lawrence; any compensation exists at the Nuveen/TIAA parent level and is not disclosed in SPXX filings .
- Ownership alignment: Officer‑level holdings are not itemized; the group (Board Members and executive officers) owns <1% of outstanding shares, implying limited direct economic alignment via SPXX shares; Board Member investment guidelines do not expressly extend to officers .
- Retention and change‑of‑control economics: No fund‑level employment agreements, severance, or change‑of‑control terms disclosed for officers; retention risk, if any, would be governed by Nuveen/TIAA employment policies outside SPXX’s disclosure scope .
- Trading signals: Absence of officer equity awards/vesting at SPXX and lack of officer‑specific Section 16 ownership detail limit actionable insider‑based trading signals for Brian H. Lawrence in SPXX; the proxy indicates general Section 16 compliance, but no Form 3/4 references to Brian were found in SPXX’s filings reviewed .