John W. R. Payne - 20 Feb 2026 Form 4 Insider Report for VICI PROPERTIES INC. (VICI)

Role: President and COO
Signature: /s/ Samantha Sacks Gallagher as attorney-in-fact for John W. R. Payne
Issuer symbol: VICI
Transactions as of: 20 Feb 2026
Net transactions value: -$222,164
Form type: 4
Filing time: 24 Feb 2026, 17:17:06 UTC
Previous filing: 25 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Payne John W R	President and COO	C/O VICI PROPERTIES INC., 535 MADISON AVENUE, 28TH FLOOR, NEW YORK	/s/ Samantha Sacks Gallagher as attorney-in-fact for John W. R. Payne	24 Feb 2026	0001390815

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VICI	Common Stock	Tax liability	$84,442	-2,827	-0.63%	$29.87	447,218	20 Feb 2026	Direct	F1
transaction	VICI	Common Stock	Tax liability	$137,722	-4,577	-1%	$30.09	442,641	23 Feb 2026	Direct	F1
transaction	VICI	Common Stock	Award	$0	+31,724	+7.2%	$0.000000	474,365	24 Feb 2026	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.
F2	Pursuant to the Issuer's long-term incentive compensation plan, on February 24, 2026, the Reporting Person was granted an award of time-based restricted shares of common stock under the Issuer's 2017 Stock Incentive Plan. In addition, the Reporting Person was granted an award of performance-based restricted stock units under the Issuer's 2017 Stock Incentive Plan, which units represent a contingent right to receive a number of shares of the Issuer's common stock based on the achievement of certain performance measures.

Content

Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.

Pursuant to the Issuer's long-term incentive compensation plan, on February 24, 2026, the Reporting Person was granted an award of time-based restricted shares of common stock under the Issuer's 2017 Stock Incentive Plan. In addition, the Reporting Person was granted an award of performance-based restricted stock units under the Issuer's 2017 Stock Incentive Plan, which units represent a contingent right to receive a number of shares of the Issuer's common stock based on the achievement of certain performance measures.