Peter M. Carlino - Jan 2, 2024 Form 4 Insider Report for Gaming & Leisure Properties, Inc. (GLPI)

Signature
/s/Peter M. Carlino
Stock symbol
GLPI
Transactions as of
Jan 2, 2024
Transactions value $
-$5,577,685
Form type
4
Date filed
1/3/2024, 06:29 PM
Previous filing
Feb 22, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLPI Common Stock Award $0 +55K +0.97% $0.00 5.72M Jan 2, 2024 Direct F1
transaction GLPI Common Stock Award $0 +220K +3.85% $0.00 5.94M Jan 2, 2024 Direct F2
transaction GLPI Common Stock Tax liability -$4.73M -95.9K -1.61% $49.35 5.84M Jan 2, 2024 Direct
transaction GLPI Common Stock Award $0 +39.5K +0.68% $0.00 5.88M Jan 2, 2024 Direct F3
transaction GLPI Common Stock Tax liability -$847K -17.2K -0.29% $49.35 5.87M Jan 2, 2024 Direct
holding GLPI Common Stock 28.7K Jan 2, 2024 By Spouse
holding GLPI Common Stock 5.05M Jan 2, 2024 By Trusts F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSA with 3 Year 33% Vest vesting schedule
F2 Reflects performance-based restricted stock earned and paid on January 2, 2024. The award had a performance period beginning on January 1, 2021 and ending December 31, 2023. 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.
F3 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, 2024.
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) 4,666,020 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.