Evercore Inc. Stockholders' Equity

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – The Company's Board of Directors declared on October 20, 2020, a quarterly cash dividend of $0.61 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of November 27, 2020, which will be paid on December 11, 2020. During the three and nine months ended September 30, 2020, the Company declared and paid dividends of $0.58 and $1.74 per share, respectively, totaling $23,586 and $70,348, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $3,348 and $10,266, respectively. The Company also paid deferred cash dividends of $182 and $10,949 during the three and nine months ended September 30, 2020, respectively. During the three and nine months ended September 30, 2019, the Company declared and paid dividends of $0.58 and $1.66 per share, respectively, totaling $22,944 and $66,673, respectively, and accrued deferred cash dividends on unvested RSUs, totaling $3,778 and $10,903, respectively. The Company also paid deferred cash dividends of $134 and $7,202 during the three and nine months ended September 30, 2019, respectively.

Treasury Stock – During the three months ended September 30, 2020, the Company purchased 16 Class A Shares from employees at market values ranging from $54.81 to $65.34 per share (at an average cost per share of $58.37), primarily for the net settlement of stock-based compensation awards. The result of these purchases was an increase in Treasury Stock of $927 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2020.

During the nine months ended September 30, 2020, the Company purchased 1,033 Class A Shares primarily from employees at market values ranging from $38.23 to $81.31 per share (at an average cost per share of $76.18), primarily for the net settlement of stock-based compensation awards, and 854 Class A Shares at market values ranging from $58.28 to $81.96 per share (at an average cost per share of $75.93) pursuant to the Company's share repurchase program. The aggregate 1,887 Class A Shares were purchased at an average cost per share of $76.07, and the result of these purchases was an increase in Treasury Stock of $143,487 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2020.

LP Units – During the three and nine months ended September 30, 2020, 0.2 and 807 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares. This resulted in increases to Common Stock of $8 for the nine months ended September 30, 2020, and Additional Paid-In-Capital of $8 and $33,762 for the three and nine months ended September 30, 2020, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2020.

Accumulated Other Comprehensive Income (Loss) – As of September 30, 2020, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,473) and ($25,930), respectively.