Nathaniel T. Jones
About Nathaniel T. Jones
Vice President and Treasurer of Nuveen S&P 500 Dynamic Overwrite Fund (SPXX), serving since 2016; year of birth 1979; Chartered Financial Analyst (CFA). He is a Senior Managing Director at Nuveen and at Nuveen Fund Advisors, LLC, with prior roles across Nuveen’s fund complex; Fund officers receive no compensation from the Funds (compensation is at the Adviser), and performance metrics like TSR/revenue/EBITDA for officer pay are not disclosed at the Fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Closed-End Funds (Fund Complex) | Vice President and Treasurer | Since 2016 | Oversees treasury and fund finance functions across Nuveen closed-end funds . |
| Nuveen | Senior Managing Director | Current | Senior financial leadership supporting Nuveen funds . |
| Nuveen Fund Advisors, LLC | Senior Managing Director | Current | Adviser-side oversight supporting fund operations and finance . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in proxy filings | — | — | — . |
Fixed Compensation
| Component | Fund-Paid? | Amount/Terms | Notes |
|---|---|---|---|
| Officer compensation (Treasurer/VP) | No | $0 | “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” . |
| Chief Compliance Officer (CCO) compensation | No (paid by Adviser) | Not disclosed by Fund | Paid by Adviser; Fund reimburses an allocable portion of the Adviser’s cost of the CCO’s incentive compensation (policy context) . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| None disclosed for Fund officers | — | — | — | — | — |
- Fund-level proxy statements do not disclose incentive frameworks or performance metrics tied to officer compensation; officers are not compensated by the Fund .
Equity Ownership & Alignment
| Item | Value | As-of Date | Notes |
|---|---|---|---|
| SPXX common shares outstanding | 17,960,021 | Feb 18, 2025 | Shares entitled to vote at 2025 annual meeting . |
| Board Members and officers (group) SPXX holdings | 0 shares | Dec 31, 2024 | Group beneficial ownership table shows 0 for SPXX . |
| Group ownership % of SPXX | 0.00% | Dec 31, 2024 | Computed from 0/17,960,021; group holdings also noted “less than 1%” across Funds . |
- Section 16(a) compliance: Based on filed forms, Fund believes Board Members and officers complied with all applicable Section 16(a) requirements during the last fiscal year .
- Board member investment principle (governance): Board Members are expected to invest at least the equivalent of one year of compensation in funds across the complex (applies to trustees, not officers) .
Employment Terms
| Term | Disclosure | Notes |
|---|---|---|
| Title/Office | Vice President and Treasurer | Since 2016 . |
| Term length | Indefinite; officers elected by the Board annually | Officers serve until successors elected/qualified . |
| Removal | With or without cause by majority of Trustees present | Officer removal terms in by-laws . |
| Compensation source | Adviser (Nuveen/TIAA) | Fund pays $0 to officers; CCO paid by Adviser with partial reimbursement by Fund . |
| Severance/change-of-control | Not disclosed at Fund level | No Fund-level employment or severance economics disclosed for officers . |
| Non-compete/non-solicit | Not disclosed | No terms in Fund proxy/by-laws for officers . |
Investment Implications
- Pay-for-performance linkage at the Fund is limited: officers receive no Fund-paid cash/equity, and no incentive metrics are disclosed; compensation determinants reside at the Adviser (Nuveen/TIAA), reducing direct Fund-level levers to align pay with SPXX performance .
- Insider selling pressure appears minimal: group beneficial holdings in SPXX were 0 shares as of 12/31/2024, reducing risk of forced sales tied to vesting schedules or pledging; Section 16(a) compliance shows no filing delinquencies .
- Retention and execution risk are exogenous to SPXX: Jones’s tenure since 2016 and senior roles at the Adviser support continuity, but retention economics (severance/CIC) are not disclosed at the Fund level—monitor Adviser announcements and 8‑Ks for any officer changes .
- Governance quality is robust: independent unitary Board, defined committee oversight, and clear by-laws around shareholder meetings and nominations; however, these frameworks govern trustees, not officer pay structures, so trading signals from compensation changes are unlikely at the Fund level .