John M. McCann
About John M. McCann
John M. McCann (born 1975) serves as Vice President and Assistant Secretary of Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) with an indefinite term and service since 2022; he is also Senior Managing Director and Division General Counsel at Nuveen, with extensive legal and governance responsibilities across the Nuveen/TIAA fund complex . Officers of the Funds receive no compensation from the Funds, and their compensation is not disclosed in SPXX’s proxy materials; therefore, no fund-linked TSR, revenue, or EBITDA performance metrics apply to his pay at SPXX . McCann is named as one of the proxy holders empowered to vote at shareholder meetings, underscoring his governance role across the complex .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (parent) | Senior Managing Director, Division General Counsel | Since 2022 | Legal leadership across the fund complex; governance and regulatory oversight . |
| Nuveen Fund Advisors, LLC | Managing Director; General Counsel and Secretary | MD since 2021; GC/Secretary noted 2024 | Fund adviser legal leadership; board and officer support . |
| Nuveen Asset Management, LLC | Managing Director; Associate General Counsel; Assistant Secretary | Since 2021 | Investment adviser legal counsel; fund documentation and controls . |
| TIAA SMA Strategies LLC | Managing Director; Assistant Secretary | MD since 2021; Assistant Secretary since 2016 | Separate accounts legal administration . |
| CREF, VA-1, TIAA‑CREF Funds, TIAA‑CREF Life Funds | Managing Director; formerly VP & Director; Associate GC; Assistant Secretary | MD since 2019 (prior senior roles) | Registered fund governance and legal operations . |
| Teachers Insurance & Annuity Association of America; Teachers Advisors LLC; TIAA‑CREF Investment Management, LLC | Managing Director; Associate GC; Assistant Secretary | MD since 2018 (prior senior roles) | Institutional products legal governance . |
| Nuveen Alternative Advisors LLC | Vice President; Associate General Counsel; Assistant Secretary | VP since 2017; Assoc. GC & Asst. Sec. since 2011 | Alternatives platform legal oversight . |
| Covariance Capital Management, Inc. | General Counsel and Assistant Secretary | 2014–2017 | RIA legal and compliance management . |
External Roles
No external public company directorships or outside roles beyond Nuveen/TIAA-affiliated entities are disclosed in SPXX materials for McCann. Skip if not disclosed.
Fixed Compensation
| Component | SPXX Disclosure | Amount / Terms |
|---|---|---|
| Fund-paid officer compensation | Officers receive no compensation from the Funds | None . |
| CCO comp (context) | Paid by Adviser; allocable portion of incentive comp reimbursed by Funds (general disclosure) | Structure only; not specific to McCann . |
Officers are employees of Nuveen/TIAA; their salaries, bonuses, and equity awards are not reported in SPXX’s proxy materials .
Performance Compensation
Skip items entirely if not disclosed: No disclosure of bonus targets, PSUs/RSUs, options, or performance metrics for McCann at SPXX. Officers receive no compensation from the Funds .
Equity Ownership & Alignment
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Board Members’ individual beneficial holdings per Fund | Each <1% of outstanding shares | Each <1% of outstanding shares | Each <1% of outstanding shares . |
| Board Members, nominees, and officers as a group % per Fund | <1% per Fund | <1% per Fund | <1% per Fund . |
| Group share count in SPXX | Not disclosed as count | Not disclosed as count | 0 shares (All Board Members/Nominees and Officers as a Group) . |
- Stock ownership guidelines apply to Independent Board Members (expected to invest at least the equivalent of one year of compensation in Nuveen funds); these guidelines do not extend to officers .
- Pledging and hedging: No pledging or hedging disclosures for McCann in SPXX materials. Skip if not disclosed.
Employment Terms
| Term | SPXX Disclosure |
|---|---|
| Officer title | Vice President and Assistant Secretary . |
| Service start date | Since 2022 . |
| Term length | Indefinite; officers elected by Board; serve until successors elected and qualified . |
| Compensation from Fund | None (officers receive no compensation from the Funds) . |
| Employment agreements, severance, change-of-control | Not disclosed in SPXX proxy materials. Skip if not disclosed. |
| Proxy authority | Named proxy holder on annual meeting proxy cards with authority to vote shares as described . |
Investment Implications
- Pay-for-performance alignment: McCann’s compensation is not fund-paid and is undisclosed at SPXX; there are no fund-linked performance metrics (TSR, revenue, EBITDA) affecting his pay. This limits direct compensation alignment with SPXX performance .
- Insider selling pressure: No SPXX equity grants or vesting schedules disclosed for officers; insider selling pressure from vesting appears immaterial at the fund level .
- Ownership alignment: As of Dec 31, 2024, Board Members/Nominees and Officers as a group held 0 SPXX shares, and group beneficial ownership across funds remained below 1%, signaling modest direct “skin in the game” at the fund level .
- Retention and transition risk: Officers are Nuveen/TIAA employees with indefinite fund officer terms; no SPXX-level employment agreements, severance, or change-of-control economics are disclosed—retention risk is primarily tied to Nuveen/TIAA corporate employment rather than fund governance .
- Governance signal: McCann’s inclusion as a named proxy holder and his Division General Counsel role emphasize process control and governance competency rather than operational execution levers; trading signals from officer compensation or ownership are limited in SPXX’s structure .