PETER M. CARLINO - 02 Jan 2025 Form 4 Insider Report for Gaming & Leisure Properties, Inc. (GLPI)

Role: Chairman and CEO, Director
Signature: /s/Peter M. Carlino
Issuer symbol: GLPI
Transactions as of: 02 Jan 2025
Net transactions value: -$6,459,495
Form type: 4
Filing time: 06 Jan 2025, 16:21:50 UTC
Previous filing: 06 Jun 2024
Next filing: 03 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLPI	Common Stock	Award	$0	+214,940	+3.7%	$0.000000	6,084,110	02 Jan 2025	Direct	F1
transaction	GLPI	Common Stock	Tax liability	$4,501,900	-93,478	-1.5%	$48.16	5,990,632	02 Jan 2025	Direct
transaction	GLPI	Common Stock	Award	$0	+20,546	+0.34%	$0.000000	6,011,178	02 Jan 2025	Direct	F2
transaction	GLPI	Common Stock	Tax liability	$430,358	-8,936	-0.15%	$48.16	6,002,242	02 Jan 2025	Direct
transaction	GLPI	Common Stock	Award	$0	+19,600	+0.33%	$0.000000	6,021,842	02 Jan 2025	Direct	F2
transaction	GLPI	Common Stock	Tax liability	$410,564	-8,525	-0.14%	$48.16	6,013,317	02 Jan 2025	Direct
transaction	GLPI	Common Stock	Tax liability	$389,470	-8,087	-0.13%	$48.16	6,005,230	02 Jan 2025	Direct
transaction	GLPI	Common Stock	Tax liability	$346,285	-7,249	-0.12%	$47.77	5,997,981	03 Jan 2025	Direct
transaction	GLPI	Common Stock	Tax liability	$380,918	-7,974	-0.13%	$47.77	5,990,007	03 Jan 2025	Direct
holding	GLPI	Common Stock						28,683	02 Jan 2025	By Spouse
holding	GLPI	Common Stock						4,885,792	02 Jan 2025	By Trusts	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GLPI	LTIP Units	Award	$0	+55,000		$0.000000	55,000	02 Jan 2025	Common Stock	55,000	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects performance-based restricted stock earned and paid on January 2, 2025. The award had a performance period beginning on January 1, 2022 and ending December 31, 2024. The shares which vested at the end of the performance period was based upon the Company's three-year total shareholder return ranking among the three-year return of the companies included in the MSCI US REIT Index and Triple-Net REIT peers.
F2	Represents receipt of dividends related to performance-based restricted stock that accrued during the applicable performance period on the shares earned and paid on January 2, 2025.
F3	Includes (i) 387,561 shares owned by a residuary trust for the benefit of Peter D. Carlino and Peter D. Carlino's children, as to which Mr. Carlino has shared voting and investment power; and (ii) 4,498,231 shares held by the Carlino Family Trust. The reporting person disclaims beneficial ownership of the shares owned by the trusts, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F4	Represents units of limited partnership interests ("LTIP Units") in GLP Capital, L.P. The LTIP Units will vest and become nonforfeitable ratably over the three-year period beginning on the date of grant, subject to the reporting person's continued service and have no expiration date.