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

CAMDEN PROPERTY TRUST (CPT)

CEO Alexander Jessett was paid $5,151,175 in fiscal year 2025, ↑ up 24.1% from fiscal year 2024, the 11th percentile of its disclosed peer group (SEC filing 0001628280-26-021581 ↗): 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 Board — highest-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

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CPT's next annual pay disclosure, estimated March 29, 2027.est. Filing ↗

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 FY2024→2025
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.

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$8,317,514 D. Keith Oden total, FY2025

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Data as of July 6, 2026 · Source: 0001628280-26-021581 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Richard CampoExecutive$8,317,514
D. Keith OdenExecutive$8,317,514
Alexander JessettCEO$5,151,175
Laurie BakerPresident$3,887,735
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Frances Aldrich Sevilla-SacasaIndependent Director$260,228
Heather J. BrunnerIndependent Director$270,228
Javier E. BenitoIndependent Director$252,728
Kelvin R. WestbrookIndependent Director$280,228
Mark D. GibsonIndependent Director$252,728
Renu KhatorIndependent Director$265,228
Scott S. IngrahamIndependent Director$259,228
Steven A. WebsterIndependent Director$259,228
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
Steven A. WebsterDirector2026-05-08A1,350$0$0CommonForm 4 ↗
Heather J. BrunnerDirector2026-05-08A2,50700CommonForm 4 ↗
Mark D. GibsonDirector2026-05-08A2,50700CommonForm 4 ↗
Kelvin R. WestbrookDirector2026-05-08A2,50700CommonForm 4 ↗
Javier E. BenitoDirector2026-05-08A2,50700CommonForm 4 ↗
Scott S. IngrahamDirector2026-05-08A2,50700CommonForm 4 ↗
Renu KhatorDirector2026-05-08A2,50700CommonForm 4 ↗
Frances Aldrich Sevilla-SacasaDirector2026-05-08A2,50700CommonForm 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
Alexander JessettRSU2025-02-19——14,196—$1,687,904
D. Keith OdenRSU2025-02-19——26,531—3,154,536
Laurie BakerRSU2025-02-19——6,152—731,473
Richard CampoRSU2025-02-19——26,531—3,154,536
Laurie BakerRSU2025-02-19——11,236—1,335,960
Richard CampoRSU2025-02-19——14,669—1,744,144
Alexander JessettRSU2025-02-19——11,124—1,322,644
D. Keith OdenRSU2025-02-19——14,669—1,744,144
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Alexander Jessett$3,010,548$0$00.0%
D. Keith Oden4,898,680000.0%
Laurie Baker2,067,433000.0%
Richard Campo4,898,680000.0%

% 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 JessettRSU21,771—2,396,552
Laurie BakerRSU9,172—1,009,654
Alexander JessettRSU5,073—558,436
Richard CampoRSU16,027——
Laurie BakerRSU3,722—409,718
Laurie BakerRSU14,579—1,604,856
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
Steven A. WebsterIndependent · Compensation19,000240,228000259,228
Scott S. IngrahamIndependent · Compensation19,000240,228000259,228
Javier E. BenitoIndependent · A12,500240,228000252,728
Mark D. GibsonIndependent · A12,500240,228000252,728
Richard CampoEmployee director · Board Chair · Executive (Chair)000—00
Alexander JessettEmployee director · Partial-year service000—00
D. Keith OdenEmployee director000—00
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$250,000
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.

10d

Frequently asked questions

Who was the highest-paid executive at CAMDEN PROPERTY TRUST in fiscal 2025?
As disclosed, 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?
As disclosed, Alexander Jessett's total compensation ranked at the 11th percentile of CAMDEN PROPERTY TRUST's disclosed peer group.
What is CAMDEN PROPERTY TRUST's CEO-to-median employee pay ratio?
As disclosed, CAMDEN PROPERTY TRUST's CEO-to-median employee pay ratio was 122:1.
How did shareholders vote on CAMDEN PROPERTY TRUST's executive compensation?
As disclosed, 93.49% of shareholders supported CAMDEN PROPERTY TRUST's executive compensation in the latest say-on-pay vote.
How much does CAMDEN PROPERTY TRUST spend in total on board compensation for fiscal 2025?
As disclosed, CAMDEN PROPERTY TRUST reported total board compensation of $2,099,824 for fiscal 2025.

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, Alexander Jessett RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 867713–867722
6Section 03, D. Keith Oden RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 857012–857021
7Section 03, Laurie Baker RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Richard Campo RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 846318–846327
9Section 03, Laurie Baker RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 878850–878859
10Section 03, Richard Campo RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 844015–844024
11Section 03, Alexander Jessett RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 865410–865419
12Section 03, D. Keith Oden RSUDEF 14A2026-03-270001628280-26-021581Section “Grant of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: span 854709–854718
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, Steven A. WebsterDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 259,228. Filing ↗machine: t80 · r8 · c10 · span 397516–397523
19Section 08, Scott S. IngrahamDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 259,228. Filing ↗machine: t80 · r5 · c10 · span 391986–391993
20Section 08, Javier E. BenitoDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 252,728. Filing ↗machine: t80 · r2 · c13 · span 386468–386475
21Section 08, Mark D. GibsonDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 252,728. Filing ↗machine: t80 · r4 · c10 · span 390145–390152
22Section 08, Richard CampoDEF 14A2026-03-270001628280-26-021581Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Alexander JessettDEF 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, Steven A. Webster 2026-05-08Form 42026-05-120001193125-26-218531Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Heather J. Brunner 2026-05-08Form 42026-05-120001193125-26-218492Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Mark D. Gibson 2026-05-08Form 42026-05-120001193125-26-218500Insider 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, Javier E. Benito 2026-05-08Form 42026-05-120001193125-26-218486Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Scott S. Ingraham 2026-05-08Form 42026-05-120001193125-26-218504Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Renu Khator 2026-05-08Form 42026-05-120001193125-26-218508Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Frances Aldrich Sevilla-Sacasa 2026-05-08Form 42026-05-120001193125-26-218544Insider 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)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
39Section 03b vehicle mix (computed)Computed——RSU / 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)Computed——Cash 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

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