Ryan C. Larrenaga
About Ryan C. Larrenaga
Ryan C. Larrenaga (born 1970) serves as Senior Vice President (since 2017), Chief Legal Officer (since 2017), and Secretary (since 2015) of Tri-Continental Corporation; he is also Vice President and Chief Counsel at Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011–August 2018) and has been an officer of the Columbia Funds and affiliated funds since 2005 . The TY proxies do not disclose executive pay, TSR, revenue growth or EBITDA growth tied to his role; officers who are employees of the Manager (Ameriprise/Columbia) are not compensated by the Corporation (except a portion of the CCO), limiting pay-for-performance analysis from TY filings .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Tri-Continental Corporation (TY) | Secretary | 2015–present | Elected officer; corporate secretary since 2015 |
| Tri-Continental Corporation (TY) | Senior Vice President | 2017–present | Elected officer; SVP since 2017 |
| Tri-Continental Corporation (TY) | Chief Legal Officer | 2017–present | Elected officer; CLO since 2017 |
| Ameriprise Financial, Inc. | Vice President and Chief Counsel | Aug 2018–present | Previously Vice President and Group Counsel (Aug 2011–Aug 2018) |
| Columbia Funds | Chief Legal Officer | 2017–present | Officer of Columbia Funds and affiliates since 2005 |
| Columbia Acorn/Wanger Funds | Chief Legal Officer | Sep 2020–present | CLO since September 2020 |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Ameriprise Financial, Inc. | Vice President and Chief Counsel | Aug 2018–present | Legal leadership roles; previously VP & Group Counsel (2011–2018) |
| Columbia Funds Complex | Officer (incl. Chief Legal Officer) | 2005–present | Officer of Columbia Funds and affiliated funds since 2005 |
| Columbia Acorn/Wanger Funds | Chief Legal Officer | Sep 2020–present | CLO of the Columbia Acorn/Wanger Funds |
Fixed Compensation
- The Corporation pays no compensation to officers who are employees or officers of the Manager (Ameriprise/Columbia) or its affiliates, other than a portion of the Corporation’s Chief Compliance Officer compensation; TY proxies provide director pay but not officer-level cash compensation for Ryan .
Performance Compensation
- TY proxies do not disclose performance-based incentives (bonus targets, RSUs/PSUs, options, vesting, or performance metrics) for officers employed by the Manager; therefore, Ryan’s incentive metrics, weighting, targets, vesting, or actual payouts are not available in TY filings .
Equity Ownership & Alignment
| Item | As of Date | Disclosure |
|---|---|---|
| Directors and officers (group) beneficial ownership of TY Common Stock | Dec 31, 2024 | Less than 1% of Common Stock; no Preferred Stock ownership |
| Directors and officers (group) beneficial ownership of TY Common Stock | Dec 31, 2023 | Less than 1% of Common Stock; no Preferred Stock ownership |
- TY proxies present dollar ranges for director holdings and group-level officer/director ownership; they do not provide officer-specific ownership for Ryan, nor pledging or hedging disclosures for officers .
Employment Terms
| Term | Provision | Source |
|---|---|---|
| Officer election/tenure | Officers are elected annually by the Board and serve until successors are elected and qualify or earlier resignation |
- TY proxies do not disclose employment contracts, severance, change-of-control, non-compete, non-solicit, garden leave, or consulting arrangements for officers employed by the Manager .
Investment Implications
- Pay-for-performance assessment from TY filings is not possible for Ryan because the Corporation does not pay or disclose compensation for officers employed by the Manager (Ameriprise/Columbia); any compensation structure, metrics, vesting, or clawbacks would reside with the Manager and are not in TY proxies .
- Insider selling pressure appears limited at the Corporation-level given group beneficial ownership by directors and officers is less than 1% of Common Stock and no Preferred Stock ownership; officer-specific positions (incl. Ryan) are not enumerated, constraining trading-signal analysis from TY filings .
- Retention risk and governance continuity signals: long-standing legal leadership roles since 2015 (Secretary), 2017 (SVP/CLO), and broader Columbia Funds officer status since 2005 suggest institutional continuity; however, absence of disclosed severance/CoC terms at TY prevents quantifying retention economics .
- No red flags identified in TY proxies specific to Ryan (e.g., late Section 16 filings noted for a director, not for Ryan); no pledging/hedging disclosures for officers provided in TY filings .