Form 4: Camden Property Trust CFO Sells Shares Under Deferred Compensation Plan
SEC Form 4 Filing
Camden Property Trust's President and CFO, Alexander J. Jessett, sold a total of 14,929 common shares in two transactions on January 6th and 8th, 2025, as part of a pre-arranged plan.
Summary
- Alexander J. Jessett, President and CFO of Camden Property Trust, sold 13,067 common shares on January 6, 2025, at a price of $114.505 per share.
- He then sold an additional 1,862 common shares on January 8, 2025, at a price of $110.059 per share.
- These sales were part of a distribution from the issuer's executive deferred compensation plan, where the shares became irrevocably his after 2023.
- The sales were executed according to an irrevocable election made in December 2024, complying with Section 409A of the Internal Revenue Code.
- Following these transactions, Jessett's direct holdings decreased to 122,384 common shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation. It is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to executive compensation and is common in the real estate investment trust (REIT) sector. It reflects the execution of a pre-arranged plan for the distribution of deferred compensation.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies, especially within the REIT sector.
- Many REIT executives have deferred compensation plans that vest over time, leading to periodic sales of shares.
- The sales by Alexander J. Jessett are consistent with standard practices for executives managing their personal finances and compensation.
Stakeholder Impact
- The stock sales by the CFO may have a minor impact on the stock price, but are unlikely to significantly affect shareholder value.
- The sales are part of a pre-arranged plan and do not indicate any change in the company's performance or outlook.
Key Dates
| Date | Description |
|---|---|
| 2023 | Shares in the executive deferred compensation plan became irrevocably owned by the reporting person. |
| December 2024 | The reporting person made an irrevocable election to sell the shares. |
| 01/06/2025 | Sale of 13,067 common shares at $114.505 per share. |
| 01/08/2025 | Sale of 1,862 common shares at $110.059 per share. |
Keywords
insider trading, executive compensation, stock sale, Form 4, Camden Property Trust, Alexander J. Jessett, deferred compensation
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