Charles H. Chiesa
About Charles H. Chiesa
Charles H. Chiesa serves as Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer of Columbia Seligman Premium Technology Growth Fund (STK), first appointed in 2024; he was born in 1978 and is based at 290 Congress Street, Boston, MA 02210 . He is Vice President, Head of Accounting and Tax within Global Operations & Investor Services at Columbia Management Investment Advisers, LLC (Ameriprise subsidiary) since May 2024, following roles at KPMG (Senior Manager, Oct 2022–May 2024) and Columbia Management (Director – Business Analyst, Dec 2013–Oct 2022) . Officers serve at the pleasure of the Board; compensation for fund officers who are employees of the Manager is not paid by the Fund and is not detailed in the proxy, limiting pay-for-performance analysis at the Fund level . STK-specific performance metrics (TSR, revenue/EBITDA growth) tied to Chiesa’s compensation are not disclosed in the proxy .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Columbia Management Investment Advisers, LLC | Director – Business Analyst | Dec 2013 – Oct 2022 | Operations/analysis role within Global Operations & Investor Services (details not further disclosed) |
| KPMG | Senior Manager | Oct 2022 – May 2024 | Audit/consulting leadership role (specific mandates not disclosed) |
External Roles
| Organization | Position | Years | Notes |
|---|---|---|---|
| Columbia Management Investment Advisers, LLC | Vice President, Head of Accounting & Tax, Global Operations & Investor Services | Since May 2024 | Ameriprise subsidiary; oversight of accounting and tax within global operations |
Fixed Compensation
- No compensation is paid by the Fund (STK) to officers who are employees of the Manager or its affiliates (other than a portion of the CCO’s pay), and the proxy does not disclose Chiesa’s salary/bonus or cash compensation at the Manager level .
- Annual cash retainers and meeting fees disclosed in the proxy apply to independent Directors, not to fund officers employed by the Manager .
Performance Compensation
- Not disclosed for fund officers employed by the Manager; no STK-linked incentive metrics (e.g., TSR, revenue/EBITDA, ESG) are provided in the proxy for Chiesa .
Equity Ownership & Alignment
| Item | Value | Source |
|---|---|---|
| Beneficial ownership of STK common stock (Form 3) | “No securities are beneficially owned.” | |
| Officers and Directors group ownership | Less than 1% of STK common stock outstanding (17,268,774 shares at record date) | |
| Vested vs. unvested shares | Not disclosed | |
| Options (exercisable/unexercisable) | Not disclosed; no derivatives listed on Form 3 | |
| Pledging of shares | Not disclosed | |
| Ownership guidelines for officers | Not disclosed (director guidelines/deferral plan discussed separately) |
Employment Terms
| Term | Details | Source |
|---|---|---|
| Appointment to Fund officer roles | Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2024); Principal Financial Officer (2024) | |
| Service status | Officers serve at the pleasure of the Board | |
| Contract term, expiration, auto-renewal | Not disclosed | |
| Non-compete/non-solicit, garden leave | Not disclosed | |
| Severance/change-of-control economics | Not disclosed; no Fund-level severance/multiples disclosed for officers employed by the Manager | |
| Clawback/tax gross-ups | Not disclosed |
Investment Implications
- Alignment: Form 3 indicates Chiesa held no STK shares at appointment, and group officer/director ownership is under 1%, suggesting limited direct equity alignment with STK; pledging/hedging not disclosed .
- Compensation linkage: Fund does not pay officers employed by the Manager; no disclosed fund-level incentive metrics or vesting schedules tied to STK performance, reducing direct pay-for-performance signals for investors .
- Retention risk: Officers serve at the pleasure of the Board; employment economics are governed by the Manager and not disclosed in the proxy, leaving limited visibility into severance/CoC protections or retention incentives .
- Trading signals: Absence of disclosed equity/derivative holdings and lack of insider transactions in the proxy/Form 3 reduce potential insider-selling pressure signals; monitoring subsequent Forms 4 would be prudent, given zero beneficial ownership at filing .
- Execution profile: Background shows deep accounting/tax and operational experience across Columbia Management and KPMG, appropriate for the Principal Financial Officer/PAO remit; however, the proxy provides no performance track record metrics tied to his role, limiting predictive assessment from public disclosures .