Gallagher Michael P 4

What Happened
Michael P. Gallagher, Chief Accounting Officer of Camden Property Trust (CPT), disposed of 169 shares on 2026-02-18 at $108.43 per share for total proceeds of $18,325. The filing reports the sale as an open-market/private sale (code S).

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-19 (filing appears timely).
• Price and size: 169 shares at $108.43 per share — $18,325 total.
• Transaction code: S (Sale).
• Footnote F1: The sale "represents the sale of shares for the payment of liability incurred upon the vesting of restricted shares" (i.e., to cover tax/withholding obligations tied to vesting).
• Footnote F2: The filing notes holdings include 213 shares acquired through the issuer's Employee Share Purchase Plan.
• Shares owned after the transaction are not specified in the provided summary.

Context
This was a sale tied to vesting-related liabilities (per F1), which is a routine administrative transaction rather than an independent investment decision. The dollar amount ($18k) is modest; purchases are generally seen as stronger signals of insider conviction than routine sales.