Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 56

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 56
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 or, if greater, the actual level of achievement as of the date of the change-of-control. As of December 31, 2024, the performance-based restricted stock achievement level by award is detailed in the table of footnote 4. The 2023 grants and the 2024 MSCI US REIT index grants were completed at target because the actual level of achievement was below target. |

| (7) | All performance-based restricted stock values were computed based on the Company’s common stock closing price of $48.16 on December 31, 2024, which was the last trading day of 2024, plus applicable dividends. |

CEO Pay Ratio In 2024, the compensation of Mr. Carlino, our Chairman and CEO, was approximately 34 times the median pay of our employees resulting in a 34:1 pay ratio. We identified our median employee by examining 2024 federal taxable wages for all employees, excluding Mr. Carlino, who were employed by the Company as of December 31, 2024, the last day of our payroll year. We included all of our employees in this process, whether employed on a full-time or part-time basis. We did not make any assumptions or estimates with respect to total compensation. After identifying the median employee based on federal taxable wages, we calculated total compensation in 2024 for such employee using the same methodology we use for our NEOs as set forth above in the Summary Compensation Table for 2024.

|                    |     | Peter M. Carlino |   |            |     | Median Employee |   |         |
|:-------------------|:----|:-----------------|:--|-----------:|:----|:----------------|:--|--------:|
| Total compensation |     |                  | $ | 14,853,214 |     |                 | $ | 436,837 |
| Pay Ratio          |     |                  |   |            |     |                 |   |    34.0 |

We believe that the ratio of the CEO compensation to that of the median employee is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.Given the different methodologies that various public companies will use to determine an estimate of their pay ratio, the estimated ratio reported above should not be used as a basis for comparison between companies.

| Gaming and Leisure Properties, Inc. |     | 2025 Proxy Statement | 55 |

| Proxy Summary |     | Corporate Responsibility