Matthew G.P. Sallee
About Matthew G.P. Sallee
Matthew G.P. Sallee is Chief Executive Officer of Tortoise Energy Infrastructure Corporation (TYG) and Tortoise Sustainable and Social Impact Term Fund (TEAF) since June 7, 2024, and has served as President of TYG since June 30, 2015; he is a Managing Director of Tortoise Capital Advisors and a member of its Investment Committee, with prior progression from research analyst to portfolio manager and senior portfolio manager; he was age 45 at the time of his CEO appointment and was born in 1978 . He holds a degree in business administration magna cum laude from the University of Missouri and earned the CFA charter in 2009 . Company-level TSR or operating metrics tied to his role are not disclosed in TYG proxies; TYG is a closed-end fund and does not report executive pay-for-performance metrics in its filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Tortoise Capital Advisors | Research Analyst | 2005–2009 | Investment research supporting energy infrastructure strategies |
| Tortoise Capital Advisors | Investment Analyst | 2009–2012 | Securities analysis for MLP/energy infrastructure portfolios |
| Tortoise Capital Advisors | Senior Investment Analyst | 2012–2013 | Senior coverage and analytics for portfolio team |
| Tortoise Capital Advisors | Portfolio Manager | Jul 2013–Jan 2019 | Portfolio management responsibilities; strategy implementation |
| Tortoise Capital Advisors | Senior Portfolio Manager | Feb 2019–present | Senior PM leadership on energy infrastructure strategies |
| Tortoise Capital Advisors | Managing Director | Jan 2014–present | Executive leadership; Investment Committee member since Jun 30, 2015 |
| TYG | President | Jun 30, 2015–present | Fund leadership and oversight |
| TYG & TEAF | Chief Executive Officer | Jun 7, 2024–present | Executive leadership across the fund complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Aquila, Inc. (Everest Connections subsidiary) | Senior Financial Analyst | 2000–2005 | Capital allocation analysis in communications infrastructure |
- Other public company directorships: None .
Fixed Compensation
- TYG disclosures state: “None of the Companies compensates any of its directors who are interested persons nor any of its officers.” Officers (including the CEO) are employees of the Adviser and receive no Company-paid salary, bonus, equity, or pension from TYG/TEAF .
| Component | TYG/TEAF Company-Paid Amount | Notes |
|---|---|---|
| Base Salary | $0 | Officers not compensated by the Companies |
| Target/Actual Bonus | $0 | No Company-paid bonuses |
| Equity Awards (RSU/PSU/Options) | $0 | No Company-paid equity to officers |
| Pension/SERP | $0 | “None of the Companies has any retirement or pension plans.” |
| Deferred Compensation | $0 | No amounts deferred for listed persons |
Performance Compensation
- No Company-paid performance incentives are disclosed for officers; therefore no metrics, targets, or payouts at the TYG/TEAF level apply .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable (No Company-paid officer incentives) | — | — | — | — | — |
Equity Ownership & Alignment
- Officers have personal shareholdings; ownership is less than 1% of outstanding. No disclosure of pledged shares or hedging; TYG has a Rule 17j-1 code of ethics covering personal trading procedures .
| Metric | FY 2017 | FY 2024 | FY 2025 |
|---|---|---|---|
| TYG Common Shares (Matthew G.P. Sallee) | 1,100 | 1,875 | 3,287 |
| TEAF Common Shares (Matthew G.P. Sallee) | N/A | 1,250 | 1,250 |
| Ownership % of Outstanding (TYG) | <1% | <1% | <1% |
- Stock ownership guidelines for officers: Not disclosed in TYG/TEAF proxies .
Employment Terms
| Term | Detail |
|---|---|
| CEO appointment date | Effective June 7, 2024 |
| President (TYG) | Since June 30, 2015 |
| Employment contract term/expiration | Not disclosed in Company filings |
| Severance/Change-of-control provisions | Not disclosed; no Company-paid officer arrangements detailed |
| Clawbacks/tax gross-ups | Not disclosed in TYG/TEAF filings |
| Non-compete / Non-solicit / Garden leave | Not disclosed in TYG/TEAF filings |
Performance & Track Record
- Long-tenured investment professional at Tortoise since 2005; progressed to Managing Director and Investment Committee member, then President (2015) and CEO (2024) of TYG/TEAF, signaling continuity in fund leadership and energy infrastructure domain expertise .
- Signatory on multiple SEC documents for TYG (e.g., 8-Ks and IRS Form 8937), evidencing executive authority within the fund complex .
Insider Transactions and Selling Pressure
- Section 16 reporting exists: a Form 4 was filed on November 30, 2017, for TYG by Matthew G.P. Sallee; specific transaction details are not summarized in current proxy materials .
- With total holdings at 3,287 TYG shares as of May 31, 2025 (<1% outstanding), any personal selling would have limited mechanical impact on the stock; no vesting schedules or Company equity awards are disclosed for officers .
Governance and Policies
- Code of Ethics under Rule 17j-1 adopted by TYG and related companies, setting personal trading procedures for access persons .
- Other public company directorships: None for Sallee, reducing interlock/conflict risk .
Investment Implications
- Pay-for-performance signals are muted at the Company level because officers are not compensated by TYG/TEAF; no Company-paid salary/equity/bonus disclosures exist, limiting insight into incentive alignment via fund filings .
- Alignment rests on personal share ownership, which is small relative to outstanding (<1%), suggesting limited direct economic exposure; however, his long tenure and Investment Committee role at the Adviser indicate deep sector expertise and strategic continuity for fund execution .
- Trading signals from insider activity appear limited; historical Section 16 filings exist but current proxies do not present ongoing vesting or option overhangs for officers at TYG/TEAF .