Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 26

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 26
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 our stockholders). • Stockholders holding a majority of outstanding shares have the right to amend, alter, or repeal our Bylaws or adopt new Bylaws.

#### 2025 Proxy Statement21
The Board of Directors and Certain Governance Matters

Stockholders possess the right to nominate candidates to the Board through proxy access provisions of our Bylaws.

Stockholders may act by written consent.

We do not have a stockholder rights plan, and we will not adopt a stockholder rights plan in the future without stockholder approval.

We have opted out of the Maryland business combination and control share acquisition statutes and cannot opt in without stockholder approval.

We actively engage with our stockholders, seek input, address questions and concerns, and provide perspective on Company policies and practices through our direct outreach to investors, our annual meetings of stockholders, and regular detailed investor presentations.

Board Practices

A substantial majority of our director nominees (90%) are independent.

Each of our Audit Committee, Compensation and Management Development Committee, and Nominating and Corporate Governance Committee is composed entirely of independent directors.

Our Board is led by our Chairperson, and the Chairperson position is separate from our CEO.

Our Board is committed to diversity, and 40% of our director nominees represent women or people from racially and ethnically diverse backgrounds.

We conduct annual Board and committee evaluations.

We intend that no director serve more than 15 years on our Board, and no committee chairperson serve more than five years as a chairperson of that committee.

Director nominees’ average tenure is 4.9 years.

Our independent directors meet regularly in executive sessions without the presence of our corporate officers or non-independent directors.

We have instituted limits on the number of directorships held by our directors to prevent “overboarding.”

We provide robust director orientation and continuing education programs.

The Board is committed to refreshment, and six new directors were added, and one new nominee, to our Board since 2018.

The Board regularly rotates committee members.

Our Code of Business Conduct and Ethics applies to members of the Board.

Robust Stock Ownership and Retention Requirements

CEO: 6X base salary.

Non-CEO executive officers: 3X base salary.

Non-employee directors: 5X annual cash retainer for Board service.

See “Executive Compensation—Compensation Discussion and Analysis—Other Matters—Stock Ownership Policy” for more details.

Director Independence and Independence Determinations

Under our Corporate Governance Guidelines and the NYSE rules, a director is not independent unless the Board affirmatively determines that,