Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 66

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 66
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 stock appreciation rights. KEY CONSIDERATIONS IN THE DETERMINATION OF THE NUMBER OF SHARES TO REQUEST Our Compensation Committee determined that 4,500,000 additional shares would provide us the ability to continue compensating our executive officers and other key employees, non-employeedirectors, and consultants. In determining the number of shares to be authorized under the 2013 Plan, the Compensation Committee considered the following principal factors:

| ● |     | Number of Shares Available for Grant under 2013 Plan: As of March 31, 2025, 338,607 shares remained reserved and available for issuance under the 2013 Plan. |

| ● |     | Potential Dilution of Share Request: The 4,500,000 additional shares requested are reasonable and would not have a substantially dilutive effect. As of March 31, 2025, there were 274,832,999 common shares outstanding and 8,224,939 Operating Partnership Units (“OP Units”) outstanding, resulting in potential dilution of 1.59% of shares outstanding (or 1.71% inclusive of shares remaining available for issuance under the 2013 Plan). |

| ● |     | Number of Awards Outstanding: As of March 31, 2025, all awards outstanding under the 2013 Plan were full value awards, representing 1,913,488 shares, which includes performance-based awards and LTIP Units at maximum. |

| 64 | 2025 Proxy Statement |     | Gaming and Leisure Properties, Inc. |

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

| ● |     | Reasonable Grant Practices: Our three-year average burn rate of 0.28% is meaningfully below industry standards. Burn rate measures the usage of shares for our stock plans as a percentage of our outstanding shares. The calculation of our three-year average burn rate for 2024, 2023 and 2022 is illustrated below: |

|                                                            |     | 2022 |     |             |     | 2023 |     |             |     | 2024 |     |             |
| Time-Based Awards Granted                                  |     |      |     |     238,013 |     |      |     |     243,291 |     |      |     |     263,328 |
| Performance-Based Awards Granted