Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 59

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 59
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 We conduct a stockholder advisory vote on executive compensation annually.                                                                                                                                                                                                                 |
| Recoupment Policies: We have a clawback policy requiring mandatory recovery of certain incentive compensation paid to executive officers in the event of a material financial restatement.                                                                                                                         |
| Short-Term and Long-Term Incentives: Our annual and long-term incentive plans provide a balance of incentives and include rigorous metrics to measure the Company’s performance.                                                                                                                                   |
| Capped Incentive Awards: Payouts under our 2024 annual and long-term incentive plans are capped at 200% of target.                                                                                                                                                                                                 |
| Independent Compensation Consultant: Our Compensation and Management Development Committee engages an independent compensation consultant that does not provide any other consulting or other services to the Company.                                                                                             |
| Robust Stock Ownership Guidelines: To further align the interests of management with our stakeholders, we have stock ownership guidelines that require our executive officers to hold a significant multiple of their annual base salary in equity.                                                                |

| What We Don't Do                                                                                                                                     |
| Employment Agreements: We do not enter into individual employment agreements or individual change in control agreements with our executive officers. |
| Compensation Risks: We do not encourage excessive risk taking (we conduct annual formal enterprise risk assessments).                                |
| Hedging and Pledging: We prohibit hedging and pledging or borrowing against Company stock.                                                           |
| Excise Tax Gross-Ups. We do not authorize excise tax gross-ups.                                                                                      |

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Executive Compensation—Compensation Discussion and Analysis

2024 Advisory Vote on Executive Compensation

We maintain an open line of communication with our stockholders on our compensation philosophy and practices and have consistently received say-on-pay support from our stockholders. We take the results of the stockholder vote on our executive compensation program very seriously. At our 2024 annual meeting, 92.7% of stockholders voted in favor of our 2024 executive compensation. Our Compensation and Management Development Committee has considered the results of the stockholder vote at our 2024 annual meeting and views this outcome as evidence of stockholder support of its executive compensation decisions and policies.

Since our initial public offering, we have consistently received strong stockholder support for our executive compensation program, with historical say-on-pay support averaging 87.6%. In 2023, 67.6% of stockholders voted in favor of our executive compensation — which, while still a majority, reflected a notable decrease from prior years. In response, we proactively reached out to