Peter M. Carlino - Jan 3, 2023 Form 4 Insider Report for Gaming & Leisure Properties, Inc. (GLPI)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLPI	Common Stock	Tax liability	-$371K	-7.25K	-0.13%	$51.19	5.45M	Jan 4, 2023	Direct
transaction	GLPI	Common Stock	Tax liability	-$378K	-7.25K	-0.13%	$52.09	5.44M	Jan 3, 2023	Direct
transaction	GLPI	Common Stock	Award	$0	+34.7K	+0.64%	$0.00	5.47M	Jan 3, 2023	Direct	F1
transaction	GLPI	Common Stock	Tax liability	-$785K	-15.1K	-0.28%	$52.09	5.46M	Jan 3, 2023	Direct
transaction	GLPI	Common Stock	Award	$0	+55K	+1.01%	$0.00	5.51M	Jan 3, 2023	Direct	F2
transaction	GLPI	Common Stock	Award	$0	+220K	+3.99%	$0.00	5.73M	Jan 3, 2023	Direct	F3
transaction	GLPI	Common Stock	Tax liability	-$4.98M	-95.7K	-1.67%	$52.09	5.64M	Jan 3, 2023	Direct
holding	GLPI	Common Stock						28.7K	Jan 3, 2023	By Spouse
holding	GLPI	Common Stock						5.25M	Jan 3, 2023	By Trusts	F4

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

Id	Content
F1	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 3, 2023.
F2	RSA with 3 Year 33% Vest vesting schedule
F3	Reflects performance-based restricted stock earned and paid on January 3, 2023. The award had a performance period beginning on January 2, 2020 and ending December 31, 2022. 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.
F4	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) 4,860,301 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.