INDEPENDENCE REALTY TRUST, INC.
For the period ended May 13, 2026. Filed Mar 19, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 13, 2026 · Filed Mar 19, 2026
Use the contents to explore the available documents and sections.
IRT$15.00-2.1%Stored close · as of Nov 6, 2026
Contents
Elements & Objectives of Our Compensation Program
We seek to attract and retain key executives, including the Named Executive Officers, by motivating them to achieve a high level of performance and rewarding them for that performance.
| 2025 Element of Pay (% of average Named Executive Officer target pay) | Objective | Key Performance Metrics/Details (1) |
|---|---|---|
| Base Salary ▪ Annual fixed cash compensation meant to attract and retain executives by balancing at-risk compensation ▪ Not intended to compensate individuals for extraordinary performance or for above-average performance by IRT | Reviewed annually by the Compensation Committee with reference to the peer group as well as level of experience, job performance, and long-term tenure and potential | |
| Annual Cash Bonus Award ▪ Annual cash compensation linked to objective and quantitative annual business results and subjective individual performance as assessed by the committee | Objective Performance Criteria (75%) ▪ CFFO per share (40%) ▪ Same-Store NOI Growth (20%) ▪ Operating Margin (15%) ▪ G&A % of Revenue (15%) ▪ Net-Debt-to-Adjusted EBITDA (10%) Individual Performance Criteria (25%) ▪ Based on several factors (see page 46 for detail) | |
| Equity-Based Awards ▪ Performance-based long-term equity intended to encourage value creation directly aligned with the stockholder experience ▪ Time-based long-term equity intended to recruit and retain employees while aligning with the stockholder experience | Performance-Based Equity (75%) ▪ 70% relative 3-year total stockholder return ("TSR") and 30% Committee Discretion Time-Based Equity (25%) ▪ 25% vests per year, subject to accelerated vesting for certain termination events |
| (1) | See "Appendix A — Reconciliation of Non-GAAP Financial Measures to GAAP Measures." |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.