Invitation Homes Inc., a prominent single-family home rental company, has announced that its Chief Legal Officer, Ernie Solls, will delay his planned retirement. This decision follows the company’s recent approval of the 2026 Omnibus Incentive Plan, which authorizes the issuance of up to 18,793,516 shares of common stock for equity and cash-based awards to employees, non-employee directors, and certain consultants and advisors. The plan, adopted by the board and now approved by stockholders, will expire on the tenth anniversary of the effective date and will be administered by the board’s Compensation and Management Development Committee. Read more
Earlier this year, in January 2026, it was reported that Solls was preparing to retire after more than a decade with the company. Read more
The 2026 Omnibus Incentive Plan includes provisions for time-vesting Restricted Stock Units (RSUs) and Long-Term Incentive Plan (LTIP) Operating Partnership (OP) Units, which vest in three equal annual installments based on an anniversary date of March 1st. Additionally, LTIP Performance Restricted Stock Units (PRSUs) may be earned based on the achievement of certain measures over a three-year performance period. The number of PRSUs earned will be determined based on performance achieved during the performance period for each measure at certain threshold, target, or maximum levels and corresponding payout ranges. In general, the LTIP PRSUs are earned after the end of the performance period on the date on which the performance results are certified by the company’s Compensation and Management Development Committee. All of the LTIP awards are subject to certain change in control and retirement eligibility provisions that may impact these vesting schedules. Read more
By postponing his retirement, Solls is positioned to benefit from the new incentive plan, aligning his interests with the company’s long-term objectives. This move underscores the strategic importance of retaining experienced leadership during periods of organizational transition and growth.