Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 79

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 79
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 terms. To the extent the Company’s performance through the Interim Measurement Date would result in a payout if the performance period had ended on that date, a minimum of 50% of such hypothetical payout amounts will be guaranteed as a minimum level payout for the full performance period, so long as certain minimum levels of relative total shareholder return are achieved for the full performance period. As of the Interim Measurement Date, the relative TSR component of the 2022 Outperformance Program was calculated at maximum achievement, while the absolute TSR component was below threshold. As such, overall performance as of the Interim Measurement Date results in a 50% payout of the 2022 Outperformance Program, or a guaranteed minimum payout of 25%, provided that certain minimum levels of relative TSR are achieved for the full performance period. The final award multipliers will be equal to the greater of the payouts determined based on the Interim Measurement Date and performance through March 31, 2025. The awards granted to our NEOs provide for a maximum dollar amount equal to 1.6x their respective total annual target compensation as of the grant date. The lock-in feature was implemented to safeguard against unforeseen events beyond our control that could negatively impact results of operations. Our Compensation and Management Development Committee responded to stockholders’ concerns relating to the “lock-in” feature and committed to not include such features in our future compensation programs. The table below illustrates the value of the 2022 Outperformance Program awards in aggregate and on an annualized basis based on the maximum award value and a 50% payout.

| NEO              |     | Outperformance  
 Program Award   
 Pool Percentage |      |   |     | AGGREGATE AWARD OPPORTUNITY 
 50%                         
 Payout                      |   |           |     | Maximum     
 Award Value |   |            |     | ANNUALIZED AWARD OPPORTUNITY 
 50%                          
 Payout                       |   |           |     | Maximum     
 Award Value |   |           |
|:-----------------|:----|:----------------|-----:|:--|:----|:----------------------------|:--|----------:|:----|:------------|:--|-----------:|:----|:-----------------------------|:--|----------:|:----|:------------|:--|----------:|
| Dallas B. Tanner |     |                 | 23.3 | % |     |                             | $ | 7,800,000 |     |             | $ | 15