Company: INVH
Filing Date: 2025-02-25
Form Type: 8-K
Source: 0001193125-25-035235
Chunk: 1

Company: Invitation Homes Inc.
Filing Date: 2025-02-25
Form: 8-K
Item: Item 5.02
Chunk 1
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 and will vest in two equal annual installments on each of the third and fourth anniversaries of the date of grant, subject to continued employment. In addition, Mr. Lobner will be entitled to payments and benefits under the Company’s Executive Severance Plan at the multiple applicable to the Chief Operating Officer, which payments and benefits are described in the Company’s Definitive Proxy Statement on Schedule 14A filed on April 3, 2024 under the heading “ Potential Benefits Upon a Termination or Change in Control - Severance Plan.” The Executive Severance Plan has been previously filed by the Company as Exhibit 10.2 to the Company’s Quarterly Report on Form10-Q, filed on May 7, 2020.

Mr. Lobner was not appointed pursuant to any arrangement or understanding with any other person, has no family relationships with any director or executive officer of the Company, and there are no transactions involving Mr. Lobner that would be required to be reported under Item 404(a) of Regulation S-K.

Compensation Update

On February 21, 2025, as part of its annual compensation review and award process, the Compensation Committee approved several compensation matters applicable to the Company’s principal executive officer, principal financial officer, and certain other named executive officers (collectively, “executives”), as described below.

Executives’ Compensation Arrangements

Based on the Company’s performance in 2024, the Compensation Committee approved the following adjustments to the compensation arrangements of the Company’s executives: (1) increased the target long-term incentive award for Mr. Dallas Tanner, the Company’s Chief Executive Officer to $10,965,000; (2) increased the annual base salary of Mr. Jonathan Olsen, the Company’s Executive Vice President and Chief Financial Officer to $600,000, increased his annual cash incentive program target opportunity to 150%, and increased his target long-term incentive award to $2,300,000; (3) increased the target long-term incentive award for Mr. Charles Young, the Company’s President to $4,266,667; (4) increased the target long-term incentive award for Mr. Scott Eisen, the Company’s Executive Vice President and Chief Investment Officer to $3,380,000; and (5) increased the target long-term incentive award for Mr. Mark Solls, the Company’s Executive Vice President and Chief Legal Officer to $1,645,000.

Annual Equity-Based Awards

The Compensation Committee approved the Company’s 2025 long-term