Company: INVH
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-049911
Chunk: 64

Company: Invitation Homes Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 64
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 objectives (including AFFO per share, Same Store Core Revenue Growth year-over-year, and Adjusted EBITDA Margin)(1)(2), and defined strategic priorities (including an expansion of growth channels and exploring alternative sources of capital and expansion of market footprint, growth in our value-add service offerings, expansion of relationships with new homebuilders, continued targeted external stakeholder engagement to build awareness and understanding of our business and industry, and delivery of further technology enablement and digital technology improvement for residents and associates). |
| 10% Individual performance.    |                                                             |                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Long-TermIncentiveAward        | Performance Vesting RSUs(Variable and At-Risk)              | To motivate and reward long-term company performance that maximizes stockholder value and retain executives.                   | 75% Forward-looking three-year performance period in which awards may be earned based 45% upon the compounded, annual growth rate (“CAGR”) of the Company’s TSR relative to the MSCI US REIT Index (the “TSR Relative to RMS Index CAGR”) and 30% upon Same Store NOI Growth CAGR; if earned at the end of the performance period, awards will be eligible to vest on the Certification Date (as defined below); if three-year absolute TSR is negative, TSR metric is capped at target.                                                                                                                                                       |
| Time VestingRSUs               | 25% Awards vest ratably over three years.                   |                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 2022 Outperformance Program(3) | Performance Vesting Partnership Units(Variable and At-Risk) | To align executive pay with stockholder interests, retain the best talent, and develop an internal pipeline of future leaders. | 100% Forward-looking three-year performance period and extended vesting (any award ultimately earned does not fully vest until four years from program commencement); the awards are earned only when performance exceeds hurdles as measured by three-year TSR (50% weighting), and requires outperformance versus the FTSE Nareit Residential Index (50% weighting) and/or positive double-digit stockholder returns.                                                                                                                                                                                                                        |

(1) See “Annex A: Non-GAAP Reconciliations” for reconciliation of Total Revenues to Same Store Core Revenues, full year. (2) EBITDA, EBITDA re , and Adjusted EBITDA re are calculated as described in our 2024 Form 10-K, under Part II. Item 7. “