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Gaming & Lodging

Gaming & Leisure Properties Executive Compensation (FY25)

GLPI · Wyomissing, PA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 5, 2026
216 figures on this page: 206 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Total compensation for Peter Carlino, Chairman and Chief Executive Officer, came to $14,054,918 in fiscal 2025, and Carlino's total was 5.4% lower than the $14,853,214 reported for fiscal 2024. The company reported a chief executive pay ratio of 39.1:1 for fiscal 2025, against median employee compensation of $359,967. The say-on-pay proposal drew 93.9% of votes cast for or against in favor at the meeting held June 4, 2026 for fiscal 2025. The disclosed peer group includes Alexandria Real Estate Equities, Inc., Boyd Gaming Corporation, Caesars Entertainment Inc., EPR Properties and Healthpeak Properties, Inc., among others.
Chief executive, fiscal 2025
◇
Peter Carlino
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Carlino: $14,853,214 → $14,054,918 (5.4% lower)
Say-on-pay support: 96.0% → 93.9% (2.1 points lower)
CEO pay ratio: 34:1 → 39.1:1 (15.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Gaming & Leisure Properties' chief executive and what were they paid?
Total compensation for Peter Carlino, Chairman and Chief Executive Officer, came to $14,054,918 in fiscal 2025. Carlino's total was 5.4% lower than the $14,853,214 reported for fiscal 2024.
What was Gaming & Leisure Properties' say-on-pay result?
The say-on-pay proposal drew 93.9% of votes cast for or against in favor at the meeting held June 4, 2026 for fiscal 2025.
Which companies are in Gaming & Leisure Properties' peer group?
The disclosed peer group includes Alexandria Real Estate Equities, Inc., Boyd Gaming Corporation, Caesars Entertainment Inc., EPR Properties and Healthpeak Properties, Inc., among others.
What is Gaming & Leisure Properties' chief executive pay ratio?
The company reported a chief executive pay ratio of 39.1:1 for fiscal 2025, against median employee compensation of $359,967.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Carlino
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Brandon Moore
President, Chief Operating Officer, General Counsel & Secretary
◇—◇—◇—◇◇
Desiree Burke
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Matthew Demchyk
Senior Vice President Chief Investment Officer
◇—◇—◇—◇◇
Steven Ladany
Senior Vice President Chief Development Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Carlino
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Brandon Moore
President, Chief Operating Officer, General Counsel & Secretary
◇—◇—◇—◇◇
Desiree Burke
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Steven Ladany
Senior Vice President Chief Development Officer
◇—◇—◇—◇◇
Matthew Demchyk
Senior Vice President Chief Investment Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Carlino
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Brandon Moore
President, Chief Operating Officer, General Counsel & Secretary
◇—◇—◇—◇◇
Desiree Burke
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Steven Ladany
Senior Vice President Chief Development Officer
◇—◇—◇—◇◇
Matthew Demchyk
Senior Vice President Chief Investment Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Carlino
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Matthew Demchyk
Former Senior Vice President, Chief Investment Officer
Departed during or after this year
◇—◇———◇◇
Brandon Moore
President, Chief Operating Officer, and Secretary
◇—◇—◇—◇◇
Desiree Burke
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Steven Ladany
Senior Vice President, Chief Development Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brandon J. Moore—◇——◇——◇
Desiree A. Burke—◇——◇——◇
Matthew J. Demchyk—◇——◇——◇
Peter M. Carlino—◇——◇——◇
Steven L. Ladany—◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Desiree BurkeRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Steven LadanyRSU————
RSU◇◇——
RSU◇◇——
PSU————
Brandon MooreRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Peter CarlinoRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph W. Marshall, III
—◇————◇
Carol Lili Lynton
◇◇————◇
James B. Perry
◇◇————◇
E. Scott Urdang
◇◇————◇
Earl C. Shanks
◇◇————◇
Debra Martin Chase
◇◇————◇
Barry F. Schwartz
◇◇————◇
Michael C. Borofsky
◇—————◇
Peter M. Carlino served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee member◇
Compensation committee member◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alexandria Real Estate Equities, Inc. ARE
  • Boyd Gaming Corporation BYD
  • Caesars Entertainment Inc. CZR
  • EPR Properties EPR
  • Healthpeak Properties, Inc. DOC
  • MGM Resorts International MGM
  • NNN REIT, Inc. NNN
  • Omega Healthcare Investors, Inc. OHI
  • PENN Entertainment Inc. PENN
  • Realty Income Corporation O
  • Rexford Industrial Realty, Inc. REXR
  • Ventas, Inc. VTR
  • VICI Properties Inc. VICI
  • W. P. Carey Inc. WPC
  • Wynn Resorts, Limited WYNN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 4, 2026=◇◇◇
2024June 12, 2025=◇◇◇
2023June 13, 2024=◇◇◇
2022June 15, 2023=◇◇◇
2021June 16, 2022=◇◇◇
2020June 10, 2021=◇◇◇
2019June 11, 2020=◇◇◇
2018June 13, 2019=◇◇◇
2017June 14, 2018=◇◇◇
2016June 15, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Gaming & Leisure Properties disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Gaming & Leisure Properties sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
216 figures on this page: 206 cited to the filing that reported them, 10 calculated from figures it prints.
206 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001575965-26-000054
  2. 0001193125-26-177324
    2025 Grants of Plan-Based Awards · CEO Pay Ratio · DIRECTOR COMPENSATION · Summary Compensation Table
  3. 0001575965-25-000025
  4. 0001193125-25-101728
    Summary Compensation Table
  5. 0001575965-24-000020
  6. 0001193125-24-120675
    Summary Compensation Table
  7. 0001575965-23-000016
  8. 0001193125-23-126815
    Summary Compensation Table
  9. 0001575965-22-000016
  10. 0001575965-21-000021
  11. 0001575965-20-000031
  12. 0001575965-19-000020
  13. 0001575965-18-000016
  14. 0001575965-17-000028
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Velarion, “Gaming & Leisure Properties executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GLPI (accessed 2026).
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Gaming & Lodging rankings

Chief executive pay — Gaming & LodgingCEO pay ratio — Gaming & LodgingSay-on-pay support — Gaming & Lodging

Peers Gaming & Leisure Properties discloses

The companies named in GLPI's own disclosed peer group.

Alexandria Real Estate Equities, Inc.Boyd Gaming CorporationCaesars Entertainment Inc.EPR PropertiesHealthpeak Properties, Inc.MGM Resorts InternationalNNN REIT, Inc.Omega Healthcare Investors, Inc.PENN Entertainment Inc.Realty Income CorporationRexford Industrial Realty, Inc.Ventas, Inc.VICI Properties Inc.W. P. Carey Inc.Wynn Resorts, Limited

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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