Desiree A. Burke - 02 Jan 2025 Form 4 Insider Report for Gaming & Leisure Properties, Inc. (GLPI)

Signature
/s/Desiree A. Burke
Issuer symbol
GLPI
Transactions as of
02 Jan 2025
Net transactions value
-$4,371,607
Form type
4
Filing time
06 Jan 2025, 16:29:01 UTC
Previous filing
03 Sep 2024
Next filing
05 Jan 2026

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLPI Common Stock Award $0 +18,000 +17% $0.000000 126,073 02 Jan 2025 Direct F1
transaction GLPI Common Stock Award $0 +62,528 +50% $0.000000 188,601 02 Jan 2025 Direct F2
transaction GLPI Common Stock Tax liability $1,309,663 -27,194 -14% $48.16 161,407 02 Jan 2025 Direct
transaction GLPI Common Stock Award $0 +5,977 +3.7% $0.000000 167,384 02 Jan 2025 Direct F3
transaction GLPI Common Stock Tax liability $125,216 -2,600 -1.6% $48.16 164,784 02 Jan 2025 Direct
transaction GLPI Common Stock Award $0 +5,702 +3.5% $0.000000 170,486 02 Jan 2025 Direct F3
transaction GLPI Common Stock Tax liability $119,437 -2,480 -1.5% $48.16 168,006 02 Jan 2025 Direct
transaction GLPI Common Stock Tax liability $133,596 -2,774 -1.7% $48.16 165,232 02 Jan 2025 Direct
transaction GLPI Common Stock Sale $469,438 -9,825 -5.9% $47.78 155,407 02 Jan 2025 Direct F4, F5
transaction GLPI Common Stock Sale $1,978,751 -41,737 -27% $47.41 113,670 03 Jan 2025 Direct F4, F6
transaction GLPI Common Stock Tax liability $110,826 -2,320 -2% $47.77 111,350 03 Jan 2025 Direct
transaction GLPI Common Stock Tax liability $124,680 -2,610 -2.3% $47.77 108,740 03 Jan 2025 Direct
* 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 RSA with 3 Year 33% Vest vesting schedule
F2 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.
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, 2025.
F4 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/20/2024
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.72 to $47.97 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.15 to $47.77 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.