Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 60

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 60
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 our top 20 investors (who in aggregate held approximately 80% of our outstanding common stock), and held discussions with 12 investors, representing approximately 50% of our outstanding common stock. Members of our Compensation and Management Development Committee and other independent directors participated directly in our meetings with stockholders. Following these discussions and in response to stockholder feedback, the Committee made changes to our executive compensation program, including a commitment to exclude "lock-in" features from future plans. Thereafter, at our 2024 annual meeting, recognizing these efforts, 92.7% of stockholders voted in favor of our executive compensation program.

We have proactive, ongoing engagement with our shareholders throughout the year focused on corporate governance, corporate responsibility and sustainability, and executive compensation. In our 2024 meetings with investors, we discussed our executive compensation and its alignment with performance and requested feedback on our executive compensation practices. Based on the feedback we received from our stockholders in 2024, we made enhancements to certain of our disclosures to improve transparency. Additionally, the Compensation and Management Development Committee agreed with some of our stockholders' comments that our annual long-term incentive program is a more direct way to align total executive compensation with stockholder interests and market rates than outperformance awards. With this in mind, we did not make supplementary outperformance awards in 2024, and do not anticipate utilizing such awards in the future.

We remain dedicated to listening to feedback from our stockholders and will continue to proactively engage with our investors on matters related to our executive compensation program, corporate governance, and corporate responsibility practices. See "The Board of Directors and Certain Governance Matters—Stockholder Engagement Process" for more information on our stockholder engagement efforts.

Executive Compensation Objectives and Philosophy

Our pay-for-performance compensation philosophy is set by the Compensation and Management Development Committee. Our goal is to provide compensation and incentives designed to attract and retain key executives with the qualifications to manage and lead the Company as well as to motivate them to develop professionally, contribute

#### 2025 Proxy Statement51
Executive Compensation—Compensation Discussion and Analysis

to the achievement of our financial goals, and ultimately create and grow our equity value. Our compensation philosophy aligns our executives with our growth objectives via equity compensation and annual incentive compensation, the value of which is driven by our performance over the long and short term, respectively. All of our NEOs maintain a significant equity stake in the Company.

To achieve these objectives, we provide executive pay programs that:

Deliver competitive levels of compensation to attract,