Form 4: Gaming & Leisure Properties CEO Peter Carlino Reports Share Transactions

Peter Carlino, Chairman, CEO, and President of Gaming & Leisure Properties, Inc., reports acquisition and disposal of company shares through the Carlino Family Trust.

Summary

• On March 6, 2024, Peter M. Carlino, Chairman, CEO, and President of Gaming & Leisure Properties, Inc. (GLPI), reported transactions involving the company's common stock.
• Mr. Carlino acquired 25,783 shares as a beneficiary of the Carlino Family Trust at $0.
• Simultaneously, 150,789 shares were distributed from the Carlino Family Trust to its beneficiaries at $0.
• Following these transactions, Mr. Carlino directly owns 5,869,170 shares and indirectly owns 4,931,475 shares.
• The indirect ownership includes shares held by a residuary trust and the Carlino Family Trust, with Mr. Carlino disclaiming beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment.

Management Comments

• 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.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the real estate investment trust (REIT) sector, particularly among executives with significant holdings.

Key Dates