Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 86

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 86
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 fully vested at the certification date were an aggregate $8,500. The aggregate $17,100 grant-date fair value of the 2022 

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INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

Outperformance Awards that were earned was determined based on a Monte-Carlo option pricing model which estimated the probability of achievement of the TSR thresholds, and it is amortized ratably over each vesting period.Summary of Total Share-Based AwardsThe following table summarizes activity related to share-based awards, other than Outperformance Awards, during the six months ended June 30, 2025:Time-Vesting AwardsPerformance and/or Market Vesting AwardsTotal Share-Based Awards(1)NumberWeightedAverage GrantDate Fair Value(Actual $)NumberWeightedAverage GrantDate Fair Value(Actual $)NumberWeightedAverage GrantDate Fair Value(Actual $)Balance, December 31, 2024631,388 $34.32 1,446,701 $34.01 2,078,089 $34.10 Granted 515,049 34.01 695,030 42.54 1,210,079 38.91 Vested(2)(344,467)(34.95)(129,255)(34.81)(473,722)(34.91)Forfeited / canceled(23,427)(33.47)(325,536)(36.04)(348,963)(35.87)Balance, June 30, 2025778,543 $33.86 1,686,940 $37.07 2,465,483 $36.06 (1)Total share-based awards excludes Outperformance Awards.(2)Vested share-based awards issued in shares of common stock are included in basic EPS for the periods after each award’s vesting date, and vested share-based awards issued in the form LTIP OP Units are included as a component of non-controlling interest for the periods after each award’s vesting date. The estimated aggregate fair value of share-based awards that fully vested during the six months ended June 30, 2025 was $19,675. During the six months ended June 30, 2025, 11,106 awards were accelerated pursuant to the terms and conditions of the Omnibus Incentive Plan and related award agreements.Grant-Date Fair ValuesThe