Steven Ladany - 31 Dec 2025 Form 4 Insider Report for Gaming & Leisure Properties, Inc. (GLPI)

Role
SVP Chief Development Officer
Signature
/s/Steven Ladany
Issuer symbol
GLPI
Transactions as of
31 Dec 2025
Net transactions value
-$1,806,688
Form type
4
Filing time
05 Jan 2026, 17:10:41 UTC
Previous filing
06 Jan 2025
Next filing
07 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ladany Steven SVP Chief Development Officer 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING /s/Steven Ladany 05 Jan 2026 0001839305

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLPI Common Stock Sale $805,860 -18,000 -22% $44.77 65,099 31 Dec 2025 Direct F1, F2
transaction GLPI Common Stock Sale $115,957 -2,630 -4% $44.09 62,469 02 Jan 2026 Direct F1, F3
transaction GLPI Common Stock Award $0 +23,730 +38% $0.000000 86,199 02 Jan 2026 Direct F4
transaction GLPI Common Stock Tax liability $461,245 -10,321 -12% $44.69 75,878 02 Jan 2026 Direct
transaction GLPI Common Stock Award $0 +2,383 +3.1% $0.000000 78,261 02 Jan 2026 Direct F5
transaction GLPI Common Stock Tax liability $46,344 -1,037 -1.3% $44.69 77,224 02 Jan 2026 Direct
transaction GLPI Common Stock Award $0 +2,551 +3.3% $0.000000 79,775 02 Jan 2026 Direct F5
transaction GLPI Common Stock Tax liability $49,606 -1,110 -1.4% $44.69 78,665 02 Jan 2026 Direct
transaction GLPI Common Stock Tax liability $105,915 -2,370 -3% $44.69 76,295 02 Jan 2026 Direct
transaction GLPI Common Stock Tax liability $96,614 -2,175 -2.9% $44.42 74,120 03 Jan 2026 Direct
transaction GLPI Common Stock Sale $125,148 -2,825 -3.8% $44.30 71,295 05 Jan 2026 Direct F1

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 +15,000 +100% $0.000000 30,000 02 Jan 2026 Common Stock 15,000 $0.000000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/14/2025
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.67 to $44.91 inclusive. The reporting person undertakes to provide Gaming and Leisure Properties, Inc., any security holder of Gaming and Leisure Properties, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.09 to $44.12 inclusive. The reporting person undertakes to provide Gaming and Leisure Properties, Inc., any security holder of Gaming and Leisure Properties, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
F4 Reflects performance-based restricted stock earned and paid on January 2, 2026. The award had a performance period beginning on January 1, 2023 and ending December 31, 2025. 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.
F5 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, 2026.
F6 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.