Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 38

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 38
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. Awards have three-year cliff vesting with the number of restricted shares vested at the end of the three-year period determined based on the Company’s performance during such period measured against its peers. More specifically, the percentage of shares vesting at the end of the measurement period is based on the Company’s three-year TSR ranking among the three-year return of the companies included in (1) the MSCI US REIT index, and (2) a triple-netREIT group (1)that includes publicly-traded REITs with revenues primarily derived from triple-netleases. The performance hurdles and levels of opportunity for performance-based restricted stock awards granted in 2024 are set forth below. The awards provide for linear vesting in between achievement levels with vesting capped at target if TSR over the three-year performance period is negative.

| Level           |     | Relative TSR Hurdles (%) |     | Payout Percentage |
| Below Threshold |     | < 25th percentile        |     | 0%                |
| Threshold       |     | 25th percentile          |     | 50%               |
| Target          |     | 50th percentile          |     | 100%              |
| Maximum         |     | 75th percentile          |     | 200%              |

| (1) | Companies included in the triple-net REIT measurement group are Agree Realty Corporation, Alexandria Real Estate Equities, Inc., Broadstone Net Lease, Inc., CareTrust REIT, Inc., EPR Properties, Essential Properties Realty Trust, Four Corners Property Trust, Inc., Global Net Lease, Inc., LTC Properties, Inc., LXP Industrial Trust, Medical Properties Trust, Inc., NNN REIT, Inc. Omega Healthcare Investors, Inc., Realty Income Corporation, Sabra Health Care REIT, Inc., Safehold Inc., Service Properties Trust, STAG Industrial Inc., Uniti Group, Inc., VICI Properties Inc. and W.P. Carey Inc. |

The following table sets forth the target number of performance-based awards granted to each NEO in 2024:

| Executive                                           |     | Target Performance-Based 
         Equity Awards(1) |
| Chairman and Chief Executive Officer                |     |                  110,000 |
| President, Chief Operating Officer and Secretary    |     |                   44,000 |
| Chief Financial Officer and Treasurer               |     |                   36,000 |
| Senior Vice President and Chief Investment Officer  |     |                   30,000 |
| Senior Vice President and