Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 34

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 34
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 overall business strategy. Additionally, the Committee considered best practices and governance standards in designing our cash bonus program. The annual cash bonus program has historically been based on the achievement of a number of specific performance criteria focused on the Company’s annual strategic goals and business plan, including specific AFFO and dividend targets. The performance assessment for 2024 was based on the following structure:

| Metric and Rationale for Inclusion                                                                                                                                                         |     | Weighting |     |                                     Threshold |     |    Target |     |   Maximum |     |    Actual |
| AFFO Growth(1)   Motivates management to responsibly deploy capital as measured by a frequently used REIT earnings metric                                                                  |     | 35%       |     |                                         $3.69 
                                     per share |     |     $3.75 
 per share |     |     $3.82 
 per share |     |     $3.77 
 per share |
| Dividend Growth(2)   Encourages management to focus on profitability and effectively increasing shareholder cash distributions                                                             |     | 35%       |     |                                           N/A |     |     $2.96 
 per share |     |     $3.04 
 per share |     |     $3.04 
 per share |
| Achievement of Company Objectives(3)   Rewards management for the achievement of key priorities, including corporate responsibilities, balance sheet management and other relevant factors |     | 20%       |     |                                             5 |     |         7 |     |         9 |     |         9 |
| Qualitative/Individual   Represents indicators of the executive’s success in fulfilling his or her responsibilities and in executing the business plan                                     |     | 10%       |     | Compensation Committee’s Assessment—See Below |     |           |     |           |     |           |

| (1) | AFFO per diluted share and unit is a non-GAAP financial measure. For a definition and reconciliation of this non-GAAP financial measure to the most directly comparable GAAP measure, see our earnings release furnished as Exhibit 99.1 to our Current Report on Form 8-K furnished on February 21, 2025. AFFO per share is presented on a fully diluted basis assuming full conversion of limited partnership units to common shares and therefore before the income statement impact of non-controlling interests. |

| (2) | Based on per share dividends announced as of fourth quarter 2024 on an annualized basis. |

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