Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 39

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 39
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 | ●  vs. MSCI US REIT Index: 82nd percentile   ●  vs. Select Triple-Net Lease REITs: 73rd percentile   ●  Absolute TSR: 19.12% |     | ●  vs. MSCI US REIT Index: 200% earned   ●  vs. Select Triple-Net Lease REITs: 190% earned   ●  Absolute TSR: No payout reduction    |

We believe that this long-term performance-based equity incentive program complements the annual cash incentive program by providing the appropriate balance between performance-based cash and performance-based equity awards. Long-Term Service-Based Equity Awards In addition to the long-term performance-based equity awards, we also grant service-based awards with long-term vesting that serve as a critical retention tool and are directly correlated with the Company’s share price performance. Awards vest at a rate of 33.33% per year and are generally subject to continued employment. Our service-based equity awards are granted as a set number of shares per year, with periodic modifications to reward executives for performance or increased responsibilities. This further aligns our executive officers with our shareholders as the value of their equity awards can only increase (or decrease) with any changes in share price year-over-year and subjects them to the same market fluctuations as our shareholders. The number of shares of restricted stock awarded to each NEO for 2024 was as follows:

| Executive                                           |     | Number of   Shares |
| Chairman and Chief Executive Officer                |     |             55,000 |
| President, Chief Operating Officer and Secretary    |     |             22,000 |
| Chief Financial Officer and Treasurer               |     |             18,000 |
| Senior Vice President and Chief Investment Officer  |     |             15,000 |
| Senior Vice President and Chief Development Officer |     |             15,000 |

| Gaming and Leisure Properties, Inc. |     | 2025 Proxy Statement | 39 |

| Proxy Summary |     | Corporate Responsibility |     | Board of Directors |     | Executive Compensation |     | Audit Committee Matters |     | Voting Proposals |     | Other Matters |

Policies Relating to Grant of Certain Equity Awards We do not have a practice of granting stock options, and therefore do not have a policy relating to the timing of the grant of options awards. With respect to equity-based awards, we generally grant