Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 16

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 11
Chunk 16
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 Incentive Plan Awards(2)(3)NameGrant DateVesting DateGrant of Cash LTI Award (1)Minimum ($)Target ($)Maximum ($)Michael J. IngleseApril 17, 2024February 28, 2027$2,500,000 $1,935,002 $2,768,336 $3,601,670 Roy ChandranApril 17, 2024February 28, 2027$1,000,000 $774,002 $1,107,336 $1,440,670 Douglas C. WinterApril 17, 2024February 28, 2027$1,000,000 $774,002 $1,107,336 $1,440,670 Christopher L. BeersApril 17, 2024February 28, 2027$1,000,000 $774,002 $1,107,336 $1,440,670 Paul O’CallaghanApril 17, 2024February 28, 2027$411,831 $318,757 $456,034 $593,311 

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(1)Represents the aggregate target amount of our cash-based LTI awards granted to our NEOs in 2024.

(2)The LTI awards yield a minimum payout of 50% and a maximum payout of 150% of the target annual award. These amounts in the table reflect actual performance for the 2024 performance year (132%) and estimated minimum, target, and maximum amounts for the 2024 and 2025 performance years. See Compensation Overview – Long Term Incentive Plan above for information regarding our cash-based LTI awards. 

(3)Pursuant to SEC rules, amounts paid out to our NEOs with respect to our cash-based LTI awards will be reported in the “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table for the year earned, not the year granted. Accordingly, see the Summary Compensation Table for 2024 for the total amounts paid out to our NEOs with respect to the 2022 LTI awards granted to our NEOs (other than Mr. O’Callaghan), which vested on February 28, 2025. See footnote (5) to the Summary Compensation Table for 2024 for additional information regarding the vesting and payment of Mr. O