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Shareholders' Equity and Share Based Payment
9 Months Ended
Sep. 30, 2017
Shareholders’ Equity and Share Based Payment [Abstract]  
Shareholders’ Equity and Share Based Payment
Shareholders' Equity and Share-Based Payment
During the nine months ended September 30, 2017, the Company issued 315,588 restricted common shares and issued 224,147 performance share units (“PSUs”). These awards were made under the Aircastle Limited 2014 Omnibus Incentive Plan.
During the nine months ended September 30, 2017, the Company incurred share-based compensation expense of $7,014 related to restricted common shares and $3,622 related to PSUs, of which $1,611 and $1,581, respectively, pertains to accelerated share-based compensation expense in regards to the separation and disability of our former Chief Executive Officer under the terms of his employment and share-based award agreements.
As of September 30, 2017, there was $5,789 of unrecognized compensation cost related to unvested restricted common share-based payments and $4,658 of unrecognized compensation cost related to unvested PSU share-based payments that are expected to be recognized over a weighted-average remaining period of 2.6 years.