Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-06

Camden Property Trust (CPT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$8,317,514
D. Keith Oden total, FY2025
Executive Vice Chairman of the Boardhighest-paid officer; CEO Alexander Jessett: $5,151,175
11th
CEO (Alexander Jessett) pay percentile vs peers
122:1
CEO-to-median pay ratio
93.49%
Say-on-pay support, latest vote
Companies that benchmark against CPT
20 companies name CPT as a compensation peer

Each company listed discloses CPT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CPT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
D. Keith Oden$764,909$0$4,898,680$0$2,650,925$0$3,000$8,317,514
Executive Vice Chairman of the Board
Richard Campo764,90904,898,68002,650,92503,0008,317,514
Executive Chairman of the Board
Alexander Jessett646,59603,010,54801,491,03103,0005,151,175
Chief Executive Officer
Laurie Baker584,34902,067,43301,232,95303,0003,887,735
President and Chief Operating Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
D. Keith Oden$8,317,514$7,225,264$6,911,304+1,092,250
Richard Campo8,317,5147,224,7686,911,304+1,092,746
Alexander Jessett5,151,1754,151,9483,864,502+999,227
Laurie Baker3,887,7353,334,9093,161,483+552,826

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Frances Aldrich Sevilla-SacasaDirector2026-05-08A2,507$0$0CommonForm 4 ↗
Mark D. GibsonDirector2026-05-08A2,50700CommonForm 4 ↗
Scott S. IngrahamDirector2026-05-08A2,50700CommonForm 4 ↗
Kelvin R. WestbrookDirector2026-05-08A2,50700CommonForm 4 ↗
Steven A. WebsterDirector2026-05-08A1,35000CommonForm 4 ↗
Heather J. BrunnerDirector2026-05-08A2,50700CommonForm 4 ↗
Javier E. BenitoDirector2026-05-08A2,50700CommonForm 4 ↗
Renu KhatorDirector2026-05-08A2,50700CommonForm 4 ↗
Richard CampoDirector2026-06-05D30,0001123,372,600CommonForm 4 ↗
Kevin J. Necas Jr.SVP - Chief Accounting Officer2026-07-02A2,13300CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
D. Keith Oden2025-02-193,059,636$5,354,363
Alexander JessettPSU2025-02-1912,101,4373,677,515
D. Keith OdenPSU2025-02-1913,059,6365,354,363
Richard CampoPSU2025-02-1913,059,6365,354,363
Alexander Jessett2025-02-192,101,4373,677,515
Richard Campo2025-02-193,059,6365,354,363
Laurie Baker2025-02-191,460,8732,556,527
Laurie BakerPSU2025-02-1911,460,8732,556,527
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
D. Keith Oden$0$5,354,363$0100.0%
Alexander Jessett03,677,5150100.0%
Richard Campo05,354,3630100.0%
Laurie Baker02,556,5270100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Alexander JessettRSU12,499$1,375,890
Alexander JessettRSU21,7712,396,552
Laurie BakerRSU9,1721,009,654
Alexander JessettRSU5,073558,436
Richard CampoRSU16,027
Laurie BakerRSU3,722409,718
Laurie BakerRSU14,5791,604,856
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program objectives are designed to support the Company's business strategy, attract and retain executives, and link management success in enhancing long-term shareholder value with executive compensation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCBIZ Talent and Compensation Solutions
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0885,323,1735,941,847766,55593.49%Passed
20252025-05-0981,972,1178,896,13076,21190.13%Passed
20242024-05-1085,558,4538,370,360135,36690.96%Passed
20232023-05-1282,520,5548,379,84886,37590.7%Passed
20222022-05-1279,400,6847,482,26865,90291.32%Passed
20212021-05-1379,529,2995,739,886242,59093%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0893.49%a
20252025-05-0990.13%b
20242024-05-1090.96%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “For approval of the advisory vote on executive compensation, approval of the amended and restated 2018 share incentive plan, and approval of the amended and restated 2018 employee share purchase plan, an abstention will have the same effect as an "Against" vote, but a broker non-vote will not affect the vote outcome.”.

c. Approved under the standard stated in the filing — “For approval of the advisory vote on executive compensation, approval of the amended and restated 2018 share incentive plan, and approval of the amended and restated 2018 employee share purchase plan, an abstention will have the same effect as an "Against" vote, but a broker non-vote will not affect the vote outcome.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)122 : 1
CEO total compensation$8,317,514
Median employee compensation$67,842
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kelvin R. WestbrookIndependent · E$40,000$240,228$0$0$0$280,228
Heather J. BrunnerIndependent · Audit (Chair)30,000240,228000270,228
Renu KhatorIndependent · Compensation (Chair)25,000240,228000265,228
Frances Aldrich Sevilla-SacasaIndependent · Nominating, Corporate Governance, and Sustainability (Chair)20,000240,228000260,228
Scott S. IngrahamIndependent · Compensation19,000240,228000259,228
Steven A. WebsterIndependent · Compensation19,000240,228000259,228
Mark D. GibsonIndependent · A12,500240,228000252,728
Javier E. BenitoIndependent · A12,500240,228000252,728
Alexander JessettEmployee director · Partial-year service00000
Richard CampoEmployee director · Board Chair · Executive (Chair)00000
D. Keith OdenEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$120,114
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$178,000
Equity awards (grant-date value)$1,921,824
All other compensation$0
Total cost of the board$2,099,824

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Camden Property Trust2025Alexander Jessett$646,596$3,010,548$0$1,491,031$5,151,175

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

FAQ

Frequently asked questions

Who was the highest-paid executive at Camden Property Trust in fiscal 2025?
D. Keith Oden, Executive Vice Chairman of the Board, was the highest-paid executive at Camden Property Trust in fiscal 2025 with total compensation of $8,317,514.
How does Camden Property Trust's chief executive pay compare to its disclosed peer group?
The filing shows that the CEO pay percentile of disclosed peers was the 11th percentile.
What is Camden Property Trust's CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 122:1.
How did shareholders vote on Camden Property Trust's executive compensation?
Shareholders voted in favor of executive compensation with 93.49% support in the latest vote.
How much does Camden Property Trust spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $2,099,824.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, D. Keith OdenDEF 14A2026-03-270001628280-26-021581Section “SUMMARY COMPENSATION TABLE - FISCAL 2023-2025” · page 44. As printed: 8,317,514. Filing ↗machine: span 759855–759864
2Section 01, Richard CampoDEF 14A2026-03-270001628280-26-021581Section “SUMMARY COMPENSATION TABLE - FISCAL 2023-2025” · page 44. As printed: 8,317,514. Filing ↗machine: span 752067–752076
3Section 01, Alexander JessettDEF 14A2026-03-270001628280-26-021581Section “SUMMARY COMPENSATION TABLE - FISCAL 2023-2025” · page 44. As printed: 5,151,175. Filing ↗machine: span 767748–767757
4Section 01, Laurie BakerDEF 14A2026-03-270001628280-26-021581Section “SUMMARY COMPENSATION TABLE - FISCAL 2023-2025” · page 44. As printed: 3,887,735. Filing ↗machine: span 775574–775583
5Section 03, D. Keith Oden DEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r7 · c9 · span 848507–848516
6Section 03, Alexander Jessett PSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r11 · c14 · span 859911–859920
7Section 03, D. Keith Oden PSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t135 · r3 · c0 · span 632784–632785
8Section 03, Richard Campo PSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r3 · c14 · span 838508–838517
9Section 03, Alexander Jessett DEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r11 · c9 · span 859208–859217
10Section 03, Richard Campo DEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r3 · c9 · span 837820–837829
11Section 03, Laurie Baker DEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r15 · c9 · span 869904–869913
12Section 03, Laurie Baker PSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t160 · r15 · c14 · span 870607–870616
13Section 07, pay ratioDEF 14A2026-03-270001628280-26-021581Section “CEO Pay Ratio”. As printed: 122 : 1. Filing ↗machine: span 1049432–1049435
14Section 08, Kelvin R. WestbrookDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 280,228. Filing ↗machine: t80 · r9 · c10 · span 399647–399654
15Section 08, Heather J. BrunnerDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 270,228. Filing ↗machine: t80 · r3 · c10 · span 388307–388314
16Section 08, Renu KhatorDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 265,228. Filing ↗machine: t80 · r6 · c10 · span 393821–393828
17Section 08, Frances Aldrich Sevilla-SacasaDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 260,228. Filing ↗machine: t80 · r7 · c10 · span 395675–395682
18Section 08, Scott S. IngrahamDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 259,228. Filing ↗machine: t80 · r5 · c10 · span 391986–391993
19Section 08, Steven A. WebsterDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 259,228. Filing ↗machine: t80 · r8 · c10 · span 397516–397523
20Section 08, Mark D. GibsonDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 252,728. Filing ↗machine: t80 · r4 · c10 · span 390145–390152
21Section 08, Javier E. BenitoDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 252,728. Filing ↗machine: t80 · r2 · c13 · span 386468–386475
22Section 08, Alexander JessettDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Richard CampoDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, D. Keith OdenDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Frances Aldrich Sevilla-Sacasa 2026-05-08Form 42026-05-120001193125-26-218544Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Mark D. Gibson 2026-05-08Form 42026-05-120001193125-26-218500Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Scott S. Ingraham 2026-05-08Form 42026-05-120001193125-26-218504Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Kelvin R. Westbrook 2026-05-08Form 42026-05-120001193125-26-218539Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Steven A. Webster 2026-05-08Form 42026-05-120001193125-26-218531Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Heather J. Brunner 2026-05-08Form 42026-05-120001193125-26-218492Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Javier E. Benito 2026-05-08Form 42026-05-120001193125-26-218486Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Renu Khator 2026-05-08Form 42026-05-120001193125-26-218508Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Richard Campo 2026-06-05Form 42026-06-050001193125-26-259326Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kevin J. Necas Jr. 2026-07-02Form 42026-07-060002138483-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
35Section 06, 2026 voteForm 8-K2026-05-080001628280-26-032820Item 5.07 · say-on-pay result. As reported: 93.49% (votes for as printed: 85,323,173). Filing ↗
36Section 06, 2025 voteForm 8-K2025-05-090000906345-25-000026Item 5.07 · say-on-pay result. As reported: 90.13% (votes for as printed: 81,972,117). Filing ↗
37Section 06, 2024 voteForm 8-K2024-05-100000906345-24-000019Item 5.07 · say-on-pay result. As reported: 90.96% (votes for as printed: 85,558,453). Filing ↗
38Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
39Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
40Section 09b board cost (computed)ComputedcomputedCash 178,000 + equity 1,921,824 + all other 0 = 2,099,824, summed across the director compensation table rows.machine: formula: Σ = 2,099,824
41Camden Property Trust (subject), Section 10b CEO totalDEF 14A2026-03-270001628280-26-021581CEO total compensation as printed in Camden Property Trust's own proxy. As printed: 5,151,175. Filing ↗machine: span 767748–767757