Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 63

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 63
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 SBA Communications Corporation          | Communications       |
| Sun Communities, Inc.                   | Manufactured Housing |
| UDR, Inc.                               | Multifamily          |

#### 54
Executive Compensation—Compensation Discussion and Analysis

In 2024, the Compensation and Management Development Committee reviewed compensation data for executives at the peer companies with positions comparable to those held by the NEOs. This data consisted of base salary, annual cash incentives, and equity award information (the latter two components on an actual and target basis), paid by each of the peer companies based on public filings as well as FPC’s proprietary database, which also includes data from the Nareit Compensation Survey (which FPC conducts). FPC’s analysis concluded that the peer companies generally have compensation programs comparable to ours, with annual bonuses typically in the form of cash and long-term compensation including a mix of both performance vesting and time vesting equity awards. The Committee generally uses the market data provided by the peer group as one of several reference points useful for determining the form and amount of compensation; however, the Committee does not specifically target a percentile for benchmarking purposes and actual compensation paid. The Committee expects to review the peer group annually and make changes as warranted and deemed appropriate. The total capitalization data below is as of December 31, 2024.

Elements of Compensation

Our compensation program is heavily weighted towards performance-based compensation, reflecting our philosophy of increasing the long-term value of the Company, supporting strategic and operational objectives, and incentivizing management to achieve those objectives.

#### 2025 Proxy Statement55
Executive Compensation—Compensation Discussion and Analysis The main elements of our compensation framework assess performance across a variety of goals and measure performance across an annual and multi-year performance period while preserving a substantial emphasis on performance-based pay. The performance-based components include a threshold, target, and maximum opportunity for the annual cash incentive award and the performance vesting RSUs. The table below contains a design overview of our executive compensation program.

| Element                        | Form                                                        | Purpose                                                                                                                        | Weighting and Metrics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Base Salary                    | Cash(Fixed)                                                 | To provide market- competitive levels of fixed pay to attract and retain executives.                                           | Fixed rate of pay utilized to attract and retain executives.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Annual CashIncentive           | Performance- Based Cash(Variable and At-Risk)               | To motivate and reward the achievement of annual financial and other performance goals.                                        | 90% Corporate financial