Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 67

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 67
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 |     |      |     |     500,000 |     |      |     |     514,000 |     |      |     |     523,000 |
| Total Full-Value Awards Granted                            |     |      |     |     738,013 |     |      |     |     757,291 |     |      |     |     786,328 |
| Weighted Average Common Shares and OP Units Outstanding(1) |     |      |     | 260,725,332 |     |      |     | 272,644,681 |     |      |     | 281,584,990 |
| Annual Burn Rate                                           |     |      |     |       0.28% |     |      |     |       0.28% |     |      |     |       0.28% |
| Three-Year Average Burn Rate                               |     |      |     |             |     |      |     |       0.28% |     |      |     |             |

| (1) | Includes 6,878,857; 7,651,755; 8,050,914 weighted average OP units outstanding as of December 31, 2022, 2023 and 2024, respectively. |

| ● |     | Shareholder-Friendly Grant Practices and Plan Features: In addition to our reasonable grant practices, we utilize several shareholder-friendly grant practices and plan features including: |

| ● |     | All full-value equity awards for our executive officers vest over a period of at least three years |

| ● |     | Share grants for our executive officers are allocated 67% to performance-based equity awards (at the target level) |

| ● |     | No payment of dividends or dividend equivalent rights paid on performance-based awards unless and until the underlying awards vest |

| ● |     | No repricing of options or stock appreciation rights without prior shareholder approval |

| ● |     | No reload or “evergreen” share replenishment features |

| ● |     | Double-trigger equity acceleration in connection with a change in control |

| ● |     | Overhang: As of March 31, 2025, 1,913,488 shares were subject to outstanding Company awards (all of which are represented by restricted shares and LTIP Units), resulting in an overhang of approximately 0.70%. If an additional 4,500,000 shares are reserved for issuance under the 2013