Short answer
Invitation Homes (INVH) filed an 8-K current report with the SEC on March 5, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Tanner receives $10M retention RSU + $11.3M LTIP target; total 2026 equity package ~$21.3M, vesting 65%/35% at years 3 and 4.
Invitation Homes 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Tanner receives $10M retention RSU + $11.3M LTIP target; total 2026 equity package ~$21.3M, vesting 65%/35% at years 3 and 4
- Retention grants signal executive poaching risk: INVH explicitly acknowledges "several successful" 2025 talent departures, triggering $25.5M in retention RSUs across four officers
- COO Lobner receives largest retention award relative to LTIP: $6M retention vs $2.22M LTIP target, suggesting heightened flight risk at the operational leadership level
- Performance RSUs tied to NOI CAGR and relative TSR vs Nareit Residential Index over 2026–2028; max payout capped at 300% of target or $55.00/share value cap, whichever is lower
- Total retention RSU grants: Tanner $10M, Lobner $6M, Olsen $5M, Eisen $4.5M; front-loaded retention cost but back-weighted vesting designed to lock team through 2030
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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