Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-19

Gaming & Leisure Properties, Inc. (GLPI)

CEO Peter Carlino was paid $14,054,918 in fiscal year 2025, ↓ down 5.4% from fiscal year 2024, the 56th percentile of its disclosed peer group (SEC filing 0001193125-26-177324 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,054,918 ↓
Peter Carlino total, FY2025
56th
CEO pay percentile vs peers
39.1:1
CEO-to-median pay ratio
93.86%
Say-on-pay support, latest vote

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GLPI's next annual pay disclosure, estimated April 19, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Peter Carlino$1,808,468$0$8,600,900$0$3,089,466$0$556,084$14,054,918
Chairman and Chief Executive Officer
Matthew Demchyk327,30802,345,7000003,315,2125,988,220
Former Senior Vice President, Chief Investment Officer
Brandon Moore650,00004,116,32001,110,417086,7505,963,487
President, Chief Operating Officer, and Secretary
Desiree Burke600,00002,849,7600768,750074,9534,293,463
Chief Financial Officer and Treasurer
Steven Ladany460,00002,345,7000589,375061,7193,456,794
Senior Vice President, Chief Development Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Peter Carlino$14,054,918$14,853,214$15,947,667↓ −798,296
Matthew Demchyk5,988,2203,489,4483,835,572↑ +2,498,772
Brandon Moore5,963,4875,186,4055,565,900↑ +777,082
Desiree Burke4,293,4634,246,8984,644,149↑ +46,565
Steven Ladany3,456,7943,522,5253,854,920↓ −65,731

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$14,054,918 Peter Carlino total, FY2025

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Data as of August 19, 2026 · Source: 0001193125-26-177324 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Barry F. SchwartzFormer director (through FY2025)$264,591
Carol Lili LyntonIndependent Director$385,008
Debra Martin ChaseIndependent Director$345,008
E. Scott UrdangIndependent Director$356,258
Earl C. ShanksIndependent Director$350,008
James B. PerryIndependent Director$375,008
Joseph W. Marshall IIIIndependent Director$395,056
Michael C. BorofskyIndependent Director$10,833
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
E. Scott UrdangDirector2026-06-10D3,000$48$144,960CommonForm 4 ↗
Earl C. ShanksDirector2026-08-18A10,00042422,400CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Matthew DemchykRSU2025-01-02——15,000—$722,400
Steven LadanyRSU2025-01-02——15,000—722,400
Brandon MoorePSU2025-01-02—26,000—52,0001,444,560
Brandon MooreRSU2025-01-02——26,000—1,252,160
Brandon MoorePSU2025-01-02—26,000—52,0001,419,600
Desiree BurkePSU2025-01-02—18,000—36,000982,800
Peter CarlinoPSU2025-01-02—55,000—110,0003,003,000
Desiree BurkeRSU2025-01-02——18,000—866,880
Steven LadanyPSU2025-01-02—15,000—30,000819,000
Matthew DemchykPSU2025-01-02—15,000—30,000819,000
Matthew DemchykPSU2025-01-02—15,000—30,000804,300
Peter CarlinoRSU2025-01-02——55,000—2,648,800
Peter CarlinoPSU2025-01-02—55,000—110,0002,949,100
Desiree BurkePSU2025-01-02—18,000—36,0001,000,080
Steven LadanyPSU2025-01-02—15,000—30,000804,300
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Matthew Demchyk$722,400$1,623,300$069.2%
Steven Ladany722,4001,623,300069.2%
Brandon Moore1,252,1602,864,160069.6%
Desiree Burke866,8801,982,880069.6%
Peter Carlino2,648,8005,952,100069.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter CarlinoRSU55,000—$2,968,900
Peter CarlinoPSU55,000—2,628,450
Peter CarlinoRSU36,666—1,638,604
Brandon MoorePSU26,000—1,242,540
Peter CarlinoRSU18,333—819,302
Brandon MooreRSU22,000—1,187,560
Brandon MooreRSU26,000—1,161,940
Desiree BurkeRSU18,000—971,640
Desiree BurkePSU18,000—860,220
Steven LadanyRSU15,000—809,700
Steven LadanyPSU15,000—716,850
Desiree BurkeRSU12,000—536,280
Brandon MooreRSU14,666—655,424
Steven LadanyRSU10,000—446,900
Brandon MooreRSU7,333—327,712
Desiree BurkeRSU6,000—268,140
Steven LadanyRSU5,000—223,450
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to reward executive performance that contributes to our success while encouraging behavior that is in our shareholders' long-term best interests. We seek to attract, motivate, reward and retain the management talent required to achieve our corporate objectives and increase shareholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)—
Independent consultantFerguson Partners Consulting, L.P.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-04237,433,16715,518,602254,75393.86%Passed
20252025-06-12237,794,4849,822,889520,92496.03%Passed
20242024-06-13230,428,21312,415,192261,09194.89%Passed
20232023-06-15209,844,54612,579,236192,06294.34%Passed
20222022-06-16208,373,3958,570,145250,13496.05%Passed
20212021-06-10179,183,61026,323,369199,82287.19%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0493.86%a
20252025-06-1296.03%b
20242024-06-1394.89%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “The affirmative vote of a majority of votes cast is required to approve the Company's executive compensation on a non-binding advisory basis. | If you abstain from voting on Proposal Nos. 2, 3 or 4, your shares will be counted as present and entitled to vote on that matter for purposes of establishing a quorum, but will not be counted for purposes of determining the number of votes cast.”.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)39.1 : 1
CEO total compensation$14,054,918
Median employee compensation$359,967
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Joseph W. Marshall IIIIndependent · Compensation$0$395,056$0—$0$395,056
Carol Lili LyntonIndependent · Audit (Chair) · Compensation185,000200,0080—0385,008
James B. PerryIndependent · Compensation (Chair) · Nominating and Governance175,000200,0080—0375,008
E. Scott UrdangIndependent · Audit · Nominating and Governance156,250200,0080—0356,258
Earl C. ShanksIndependent · Audit150,000200,0080—0350,008
Debra Martin ChaseIndependent · Nominating and Governance · Corporate Social Responsibility (Chair) · Risk · Audit145,000200,0080—0345,008
Barry F. SchwartzIndependent · Nominating and Governance · Not standing for re-election · Departed during FY64,583200,0080—0264,591
Michael C. BorofskyIndependent · Compensation · Partial-year service · Newly elected10,83300—010,833
Peter M. CarlinoEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$130,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)40,000 / 30,000 / 25,000
Stock ownership guideline$650,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$886,666
Equity awards (grant-date value)$1,595,104
All other compensation$0
Total cost of the board$2,481,770

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Gaming & Leisure Properties, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Gaming & Leisure Properties, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1MGM Resorts International2025William Hornbuckle$2,000,000$10,052,751$0$5,000,000$25,329,156
2PENN Entertainment Inc.2025Jay Snowden1,800,00014,249,9894,750,0042,984,40024,126,651
3Ventas, Inc.2025Debra Cafaro1,162,72012,015,05104,087,30317,501,073
4Caesars Entertainment Inc.2025Thomas Reeg2,060,00011,991,46702,945,80017,199,029
5Realty Income Corporation2025Sumit Roy1,000,0009,149,49604,981,01216,251,931
6Wynn Resorts, Limited2025Craig Billings2,000,0009,624,11003,433,75015,090,901
7Boyd Gaming Corporation2025Keith Smith1,850,0009,124,85803,700,00014,697,487
8Gaming & Leisure Properties, Inc.2025Peter Carlino1,808,4688,600,90003,089,46614,054,918
9Omega Healthcare Investors, Inc.2025C. Taylor Pickett967,00011,248,49801,297,59314,020,475
10VICI Properties Inc.2025Edward Pitoniak1,000,0008,479,30704,500,00014,007,585
11EPR Properties2025Gregory Silvers933,4007,266,1550010,901,683
12W. P. Carey Inc.2025Jason Fox1,000,0007,986,68601,770,00010,786,686
13Healthpeak Properties, Inc.2025Scott Brinker825,0007,208,68801,986,15610,072,994
14NNN REIT, Inc.2025Stephen Horn975,0006,664,54402,069,4379,730,926
15Rexford Industrial Realty, Inc.2025Laura Clark700,0007,380,28401,200,1519,497,183
16Alexandria Real Estate Equities, Inc.2025Peter Moglia840,0006,106,50201,890,0008,844,053
17Net Lease REITs2025John Moragne600,0003,918,50601,187,7706,065,001

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Gaming & Leisure Properties, Inc.171%not disclosedYes — TSR measured against the US MSCI Index and triple-net REIT peersFerguson Partners Consulting, L.P.
Alexandria Real Estate Equities, Inc.not disclosedPSU 50 · RSU 50Yes — Absolute TSRFTI Consulting, Inc.
Boyd Gaming Corporation100%PSU 60 · RSU 40NoExequity
Caesars Entertainment Inc.71.5%RSU 50 · PSU 50Yes — relative total shareholder return (rTSR)Aon
EPR Properties276.2%PSU 70 · RSU 30Yes — TSR vs. TSR of Triple-Net Peer GroupFerguson Partners Consulting L.P.
Healthpeak Properties, Inc.127%PSU 60 · RSU 40Yes — 3-Year Relative TSR PerformanceFerguson Partners Consulting
MGM Resorts International100%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook
Net Lease REITs198%not disclosedYes — Relative Total Shareholder Return vs rTSR Peer GroupFerguson Partners Consulting, L.P.
NNN REIT, Inc.212.25%PSU 70 · RSU 30Yes — Three-year relative TSR compared to FTSE Nareit All Equity REITs IndexPearl Meyer
Omega Healthcare Investors, Inc.149.0%PSU 60 · RSU 40Yes — Relative TSR vs. FTSE Nareit Equity Health Care IndexFPC
PENN Entertainment Inc.66.3%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC
Realty Income Corporation199%PSU 75 · RSU 25Yes — TSR ranking relative to MSCI US REIT IndexFPC
Rexford Industrial Realty, Inc.227%PSU 60 · RSU 40Yes — Relative TSR vs. Dow Jones U.S. Equity REIT IndexFPC
Ventas, Inc.352%PSU 70 · RSU 30Yes — TSR Relative to the Nareit Health Care IndexSemler Brossy
VICI Properties Inc.200%not disclosedYes — Relative TSRPay Governance LLC
W. P. Carey Inc.118.0%PSU 60 · RSU 40Yes — TSR relative to the constituents of the MSCI US REIT IndexFrederic W. Cook & Co., Inc.
Wynn Resorts, Limited256%not disclosedNoRadford

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Gaming & Leisure Properties, Inc. in fiscal 2025?
As disclosed, Peter Carlino (Chairman and Chief Executive Officer) was the highest-paid executive at Gaming & Leisure Properties, Inc. in fiscal 2025, with total compensation of $14,054,918.
How does Gaming & Leisure Properties, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Peter Carlino's total compensation ranked at the 56th percentile of Gaming & Leisure Properties, Inc.'s disclosed peer group.
What is Gaming & Leisure Properties, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Gaming & Leisure Properties, Inc.'s CEO-to-median employee pay ratio was 39.1:1.
How did shareholders vote on Gaming & Leisure Properties, Inc.'s executive compensation?
As disclosed, 93.86% of shareholders supported Gaming & Leisure Properties, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Gaming & Leisure Properties, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Gaming & Leisure Properties, Inc. reported total board compensation of $2,481,770 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Peter CarlinoDEF 14A2026-04-240001193125-26-177324Section “Summary Compensation Table”. As printed: 14,054,918. Filing ↗machine: r4 · c34 · span 870873–870883
2Section 01, Matthew DemchykDEF 14A2026-04-240001193125-26-177324Section “Summary Compensation Table”. As printed: 5,988,220. Filing ↗machine: r16 · c34 · span 897793–897802
3Section 01, Brandon MooreDEF 14A2026-04-240001193125-26-177324Section “Summary Compensation Table”. As printed: 5,963,487. Filing ↗machine: r8 · c34 · span 879889–879898
4Section 01, Desiree BurkeDEF 14A2026-04-240001193125-26-177324Section “Summary Compensation Table”. As printed: 4,293,463. Filing ↗machine: r12 · c34 · span 888750–888759
5Section 01, Steven LadanyDEF 14A2026-04-240001193125-26-177324Section “Summary Compensation Table”. As printed: 3,456,794. Filing ↗machine: r20 · c34 · span 906787–906796
6Section 03, Matthew Demchyk RSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Steven Ladany RSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Brandon Moore PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1139620–1139629
9Section 03, Brandon Moore RSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Brandon Moore PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1145892–1145901
11Section 03, Desiree Burke PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1170858–1170865
12Section 03, Peter Carlino PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1114633–1114642
13Section 03, Desiree Burke RSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Steven Ladany PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1214570–1214577
15Section 03, Matthew Demchyk PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1189608–1189615
16Section 03, Matthew Demchyk PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1195878–1195885
17Section 03, Peter Carlino RSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1110235–1110244
18Section 03, Peter Carlino PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1120906–1120915
19Section 03, Desiree Burke PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1164586–1164595
20Section 03, Steven Ladany PSUDEF 14A1900-01-010001193125-26-177324Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1220840–1220847
21Section 07, pay ratioDEF 14A2026-04-240001193125-26-177324Section “CEO Pay Ratio”. As printed: 39.1 : 1. Filing ↗machine: span 1475371–1475378
22Section 08, Joseph W. Marshall IIIDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 395,056. Filing ↗machine: span 407826–407833
23Section 08, Carol Lili LyntonDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 385,008. Filing ↗machine: span 420956–420977
24Section 08, James B. PerryDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 375,008. Filing ↗machine: span 415859–415880
25Section 08, E. Scott UrdangDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 356,258. Filing ↗machine: span 410837–410858
26Section 08, Earl C. ShanksDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 350,008. Filing ↗machine: span 413348–413369
27Section 08, Debra Martin ChaseDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 345,008. Filing ↗machine: span 423471–423492
28Section 08, Barry F. SchwartzDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 264,591. Filing ↗machine: span 418428–418449
29Section 08, Michael C. BorofskyDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 10,833. Filing ↗machine: span 424538–424551
30Section 08, Peter M. CarlinoDEF 14A2026-04-240001193125-26-177324Section “Director Compensation”. As printed: 0. Filing ↗
31Section 02, E. Scott Urdang 2026-06-10Form 42026-06-110001575965-26-000056Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Earl C. Shanks 2026-08-18Form 42026-08-190001575965-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-06-050001575965-26-000054Item 5.07 · say-on-pay result. As reported: 93.86% (votes for as printed: 237,433,167). Filing ↗
34Section 06, 2025 voteForm 8-K2025-06-160001575965-25-000025Item 5.07 · say-on-pay result. As reported: 96.03% (votes for as printed: 237,794,484). Filing ↗
35Section 06, 2024 voteForm 8-K2024-06-140001575965-24-000020Item 5.07 · say-on-pay result. As reported: 94.89% (votes for as printed: 230,428,213). Filing ↗
36Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
37Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)Computed——Cash 886,666 + equity 1,595,104 + all other 0 = 2,481,770, summed across the director compensation table rows.machine: formula: Σ = 2,481,770
39MGM Resorts International, Section 10b CEO totalDEF 14A2026-03-270001193125-26-129074CEO total compensation as printed in MGM Resorts International's own proxy. As printed: 25,329,156. Filing ↗machine: span 1064000–1064010
40PENN Entertainment Inc., Section 10b CEO totalDEF 14A2026-04-270001140361-26-016846CEO total compensation as printed in PENN Entertainment Inc.'s own proxy. As printed: 24,126,651. Filing ↗machine: r2 · c25 · span 1628709–1628719
41Ventas, Inc., Section 10b CEO totalDEF 14A2026-04-010000740260-26-000010CEO total compensation as printed in Ventas, Inc.'s own proxy. As printed: 17,501,073. Filing ↗machine: r2 · c42 · span 1775799–1775810
42Caesars Entertainment Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-174058CEO total compensation as printed in Caesars Entertainment Inc.'s own proxy. As printed: 17,199,029. Filing ↗machine: r3 · c23 · span 649787–649797
43Realty Income Corporation, Section 10b CEO totalDEF 14A2026-03-250000726728-26-000021CEO total compensation as printed in Realty Income Corporation's own proxy. As printed: 16,251,931. Filing ↗machine: r3 · c18 · span 1118130–1118140
44Wynn Resorts, Limited, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124077CEO total compensation as printed in Wynn Resorts, Limited's own proxy. As printed: 15,090,901. Filing ↗machine: r4 · c29 · span 740637–740647
45Boyd Gaming Corporation, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116798CEO total compensation as printed in Boyd Gaming Corporation's own proxy. As printed: 14,697,487. Filing ↗machine: r3 · c34 · span 359765–359775
46Gaming & Leisure Properties, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-240001193125-26-177324CEO total compensation as printed in Gaming & Leisure Properties, Inc.'s own proxy. As printed: 14,054,918. Filing ↗machine: r4 · c34 · span 870873–870883
47Omega Healthcare Investors, Inc., Section 10b CEO totalDEF 14A2026-04-210001104659-26-045753CEO total compensation as printed in Omega Healthcare Investors, Inc.'s own proxy. As printed: 14,020,475. Filing ↗machine: t146 · r7 · c16 · span 1713701–1713711
48VICI Properties Inc., Section 10b CEO totalDEF 14A2026-03-160001104659-26-028592CEO total compensation as printed in VICI Properties Inc.'s own proxy. As printed: 14,007,585. Filing ↗machine: r1 · c42 · span 1794196–1794206
49EPR Properties, Section 10b CEO totalDEF 14A2026-03-260001045450-26-000016CEO total compensation as printed in EPR Properties's own proxy. As printed: 10,901,683. Filing ↗machine: r3 · c45 · span 794198–794208
50W. P. Carey Inc., Section 10b CEO totalDEF 14A2026-03-270001025378-26-000063CEO total compensation as printed in W. P. Carey Inc.'s own proxy. As printed: 10,786,686. Filing ↗machine: r4 · c21 · span 810394–810404
51Healthpeak Properties, Inc., Section 10b CEO totalDEF 14A2026-03-120001104659-26-027086CEO total compensation as printed in Healthpeak Properties, Inc.'s own proxy. As printed: 10,072,994. Filing ↗machine: t197 · r7 · c18 · span 1414974–1414984
52NNN REIT, Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-118585CEO total compensation as printed in NNN REIT, Inc.'s own proxy. As printed: 9,730,926. Filing ↗machine: t26 · r3 · c14 · span 998777–998786
53Rexford Industrial Realty, Inc., Section 10b CEO totalDEF 14A2026-04-080001571283-26-000012CEO total compensation as printed in Rexford Industrial Realty, Inc.'s own proxy. As printed: 9,497,183. Filing ↗machine: span 972479–972488
54Alexandria Real Estate Equities, Inc., Section 10b CEO totalDEF 14A2026-04-010001035443-26-000031CEO total compensation as printed in Alexandria Real Estate Equities, Inc.'s own proxy. As printed: 8,844,053. Filing ↗machine: r6 · c19 · span 3171042–3171051
55Net Lease REITs, Section 10b CEO totalDEF 14A2026-03-200001424182-26-000025CEO total compensation as printed in Net Lease REITs's own proxy. As printed: 6,065,001. Filing ↗machine: span 1494368–1494377
56Section 10a, Boyd Gaming Corporation reciprocityDEF 14A—0001193125-26-116798Boyd Gaming Corporation's most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
57Section 10a, Wynn Resorts, Limited reciprocityDEF 14A—0001193125-26-124077Wynn Resorts, Limited's most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
58Section 10a, Alexandria Real Estate Equities, Inc. reciprocityDEF 14A—0001035443-26-000031Alexandria Real Estate Equities, Inc.'s most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
59Section 10a, EPR Properties reciprocityDEF 14A—0001045450-26-000016EPR Properties names Gaming & Leisure Properties, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Healthpeak Properties, Inc. reciprocityDEF 14A—0001104659-26-027086Healthpeak Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
61Section 10a, NNN REIT, Inc. reciprocityDEF 14A—0001193125-26-118585NNN REIT, Inc. names Gaming & Leisure Properties, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Omega Healthcare Investors, Inc. reciprocityDEF 14A—0001104659-26-045753Omega Healthcare Investors, Inc. names Gaming & Leisure Properties, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, Realty Income Corporation reciprocityDEF 14A—0000726728-26-000021Realty Income Corporation's most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
64Section 10a, Rexford Industrial Realty, Inc. reciprocityDEF 14A—0001571283-26-000012Rexford Industrial Realty, Inc.'s most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
65Section 10a, Ventas, Inc. reciprocityDEF 14A—0000740260-26-000010Ventas, Inc.'s most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
66Section 10a, VICI Properties Inc. reciprocityDEF 14A—0001104659-26-028592VICI Properties Inc. names Gaming & Leisure Properties, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Caesars Entertainment Inc. reciprocityDEF 14A—0001193125-26-174058Caesars Entertainment Inc.'s most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
68Section 10a, MGM Resorts International reciprocityDEF 14A—0001193125-26-129074MGM Resorts International's most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
69Section 10a, PENN Entertainment Inc. reciprocityDEF 14A—0001140361-26-016846PENN Entertainment Inc.'s most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
70Section 10a, Net Lease REITs reciprocityDEF 14A—0001424182-26-000025Net Lease REITs's most recent proxy was read; its disclosed peer group does not include Gaming & Leisure Properties, Inc.. Filing ↗
71Section 10a, W. P. Carey Inc. reciprocityDEF 14A—0001025378-26-000063W. P. Carey Inc. names Gaming & Leisure Properties, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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