Company: INVH
Filing Date: 2025-02-25
Form Type: 8-K
Source: 0001193125-25-035235
Chunk: 2

Company: Invitation Homes Inc.
Filing Date: 2025-02-25
Form: 8-K
Item: Item 5.02
Chunk 2
---
 stock incentive program (the “ LTIP”), along with a form of RSU award agreement (the “ LTIP RSU Agreement”) and a form of LTIP unit award agreement (the “ LTIP Unit Agreement”) under the Incentive Plan. The LTIP includes a mix of time-vesting and performance-vesting awards. Executives were permitted to elect whether to receive their LTIP awards in the form of time- or performance- vesting RSUs (“ LTIP RSUs” and such awards, “ LTIP RSU Awards”) or time- or performance-vesting LTIP units (“ LTIP Units” and such awards, “ LTIP Unit Awards”). The Compensation Committee approved the grant of LTIP RSU Awards and LTIP Unit Awards to each executive in accordance with his election.

The LTIP RSU Awards and LTIP Unit Awards have a grant date of March 1, 2025. The material terms of the LTIP RSU Awards and the LTIP Unit Awards are described below.

Time-Vesting LTIP RSUs

The time-vesting LTIP RSUs are scheduled to vest in equal annual installments on each of the first three anniversaries of March 1, 2025, subject to the executive’s continued employment through the applicable vesting date (with certain limited exceptions).

On February 21, 2025, the Compensation Committee approved the grant, effective as of March 1, 2025, of time-vesting LTIP RSU Awards to the following Company executives in the following dollar amounts: Dallas Tanner - $2,741,250; Jonathan Olsen - $575,000; Charles Young - $1,066,667; Scott Eisen - $845,000; and Mark Solls - $411,250. The corresponding number of RSUs will be determined by dividing the dollar amount of the award by the closing price of the Company’s common stock on February 28, 2025, the last trading day on the New York Stock Exchange (the “ NYSE”) prior to the Saturday grant date.

Performance-Vesting LTIP RSUs

The performance-vesting LTIP RSUs may be earned based on the achievement of performance conditions over a three-year performance period from January 1, 2025 through December 31, 2027. The number of performance-vesting LTIP RSUs that may be earned will be determined based on performance achieved during the specified performance period. The performance-vesting LTIP RSUs