Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 27

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 27
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 of management’s total compensation opportunity |

| (1) | Service-Based Equity Award(s) Compensation includes the value of the long-term fixed equity awards subject to continued employment. |

| (2) | Performance-Based Equity Awards/“At-Risk” Compensation includes the target annual performance cash awards and the target value of the long-term performance-based equity awards. |

| ● |     | In lieu of employment agreements, we adopted the Executive Change in Control and Severance Plan in 2019 to provide members of the Company’s management team with compensation and benefits in the event of certain termination events. |

In addition, we are committed to strong corporate governance as evidenced by the following:

| ● |     | Stock ownership guidelines for our executive officers and non-employee directors |

| ● |     | Anti-hedging policy that prohibits trading in puts, calls, options or other derivative instruments derived from the value of the Company’s stock |

| ● |     | Double trigger vesting acceleration of incentive equity awards upon a change of control |

| ● |     | No agreements or arrangements containing tax gross-ups or other similar tax indemnification provisions |

| ● |     | Enhanced commitment to corporate responsibility initiatives through formalized oversight by the Nominating and Corporate Governance Committee |

| ● |     | Engaged with our shareholders to discuss our compensation program, which has resulted in numerous changes over the past several years. In addition, during 2024, the Company’s outreach efforts included more than 300 contacts with investors. See Shareholder Outreach below for more information. |

| 30 | 2025 Proxy Statement |     | Gaming and Leisure Properties, Inc. |

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

Compensation Philosophy and Objectives We adopted and annually review and confirm a compensation philosophy that serves as the guide for all executive compensation decisions. Our compensation philosophy is as follows: The Company intends to maintain an executive compensation program that will help it attract and retain the executive talent needed to grow and further the strategic interests of the business in an increasingly competitive operating environment. To this end, the Company provides a compensation and benefits program designed to retain talented executives and continue in their efforts to improve shareholder value, while carefully considering the impact of the Company’s actions on all stakeholders. The Company’s program is designed to motivate and reward executives to achieve and exceed targeted results. Pay received by our executives will be commens