Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 41

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 41
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 the closing stock price on the performance certification date, resulting in 177,336 earned RSUs and 256,858 earned LTIP OP Units. Earned awards vested 50% on the certification date in April 2025, and the remaining 50% will vest on March 31, 2026, subject to continued employment. The estimated fair values of 2022 Outperformance Awards that fully vested at the certification date were an aggregate $8,500. The aggregate $17,100 grant-date fair value of the 2022 Outperformance Awards that were earned was determined based on a Monte-Carlo option pricing model which estimated the probability of achievement of the TSR thresholds, and it is amortized ratably over each vesting period.

31

INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

Summary of Total Share-Based AwardsThe following table summarizes activity related to share-based awards, other than Outperformance Awards, during the three months ended March 31, 2025:Time-Vesting AwardsPerformance and/or Market Vesting AwardsTotal Share-Based Awards(1)NumberWeightedAverage GrantDate Fair Value(Actual $)NumberWeightedAverage GrantDate Fair Value(Actual $)NumberWeightedAverage GrantDate Fair Value(Actual $)Balance, December 31, 2024631,388 $34.32 1,446,701 $34.01 2,078,089 $34.10 Granted 459,080 34.01 686,783 42.55 1,145,863 39.13 Vested(2)(293,095)(34.83)(129,255)(34.81)(422,350)(34.83)Forfeited / canceled(11,695)(33.21)(298,584)(36.03)(310,279)(35.92)Balance, March 31, 2025785,678 $33.96 1,705,645 $37.03 2,491,323 $36.07 (1)Total share-based awards excludes Outperformance Awards.(2)Vested share-based awards issued in shares of common stock are included in basic EPS for the periods after each award’s vesting date, and vested share-based awards issued in the form LTIP OP Units are included as a component of non-controlling interest for the periods after