Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 96

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 96
---
Sign-On RSUs

Per the terms of Mr. Eisen’s Sign-On RSU award agreement, upon a termination of the Mr. Eisen’s employment by the Company without “cause” (as defined in the Sign-On RSU award agreement), or if Mr. Eisen resigns from employment following a “constructive termination” (as defined in the Sign-On RSU award agreement, together with a termination without cause, a “qualifying involuntary termination”), the next installment of Sign-On RSUs that would have vested on the next scheduled vesting date will vest as of the date of termination. Sign-On RSUs that are eligible to vest upon a qualifying involuntary termination are subject to Mr. Eisen’s execution and non-revocation of a release of claims in favor of the Company.

Upon Mr. Eisen’s death or a termination of employment by the Company following Mr. Eisen’s “disability” (as defined in the Omnibus Incentive Plan), any unvested Sign-On RSUs will vest as of the date of termination. Sign-On RSUs will also continue to vest according to the original vesting schedule following Mr. Eisen’s retirement and will be subject to forfeiture if he violates specified restrictive covenants agreed to with the Company and described below.

Upon a change in control, if the Sign-On RSUs are assumed by the successor or acquiror and a qualifying involuntary termination occurs during the two-year period following a change in control, any then-unvested Sign-On RSUs will vest. Upon a change in control, if the Sign-On RSUs are not assumed by the successor or acquiror, any then-unvested Sign-On RSUs will immediately vest.

2022 Outperformance Program Awards

Following calculation of the award value under the 2022 Outperformance Program, a number of OP Units with a value equal to the award value (obtained using the closing price per share on the date that is not later than 30 days following the last day of the 2022 Outperformance Program performance period (the “2022 Outperformance Program Determination Date”)) shall become earned OP Units, based on actual performance during the performance period. Any unearned OP Units shall be forfeited effective as of the last day of the performance period. 50% of the earned OP Units will vest on the 2022 Outperformance Program Determination Date; and the remaining 50% of the earned OP Units will vest on the first anniversary of the last day of the performance period, subject to continued employment on the