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Subsequent Events
 9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Appointment of Board Member
On October 5, 2021, the Company's Board appointed Arthur U. Mbanefo to serve as a member of the Board for a term to expire at the 2021 Annual Meeting of Stockholders of the Company, or until his successor is duly elected and qualified. Mr. Mbanefo was also appointed to the Audit, Compensation, and Environmental, Social and Governance Committees of the Board.

Long Term Incentive Plan
On October 7, 2021, the Company's Compensation Committee recommended and the Board adopted, subject to stockholder approval at the Annual Meeting of Stockholders to be held on November 22, 2021, amendments to the Equity Plan to increase by 100 million to a total of 500 million shares, the aggregate number of shares of the Company's Class A common stock that may be delivered or cash settled pursuant to awards granted during the life of the Equity Plan, subject to adjustment, and to remove the annual per-participant limit of 15 million awards that may be granted under the Equity Plan.

Sale of Insurance Brokerage
On November 1, 2021, the Company successfully completed the Insurance Business Disposition and, after closing adjustments, received $534.9 million in gross cash proceeds from the Buyer, subject to limited post-closing adjustments. CF&Co served as advisor to the Company and, upon closing of the transaction, a fee of $4.4 million was payable to Cantor in connection with the transaction.
Repayment of Revolving Credit Agreement
On November 1, 2021, the Company repaid in full the $300.0 million of outstanding borrowings under its Revolving Credit Agreement.
Third Quarter 2021 Dividend
On November 2, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $0.01 per share for the third quarter of 2021, payable on December 7, 2021 to BGC Class A and Class B common stockholders of record as of November 23, 2021.
BGC Class A Common Stock Repurchases
From October 1, 2021 through November 5, 2021, the Company repurchased 13.9 million shares of BGC Class A common stock at an aggregate price of $71.8 million for a weighted-average price of $5.15 per share.