Evercore Inc. Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – The Company's Board of Directors declared on July 27, 2021, a quarterly cash dividend of $0.68 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of August 27, 2021, which will be paid on September 10, 2021. During the three and six months ended June 30, 2021, the Company declared and paid dividends of $0.68 and $1.29 per share, respectively, totaling $27,534 and $52,928, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $3,685 and $7,096, respectively. The Company also paid deferred cash dividends of $191 and $12,211 during the three and six months ended June 30, 2021, respectively. During the three and six months ended June 30, 2020, the Company declared and paid dividends of $0.58 and $1.16 per share, respectively, totaling $23,176 and $46,762, respectively, and accrued deferred cash dividends on unvested RSUs, totaling $3,387 and $6,918, respectively. The Company also paid deferred cash dividends of $197 and $10,767 during the three and six months ended June 30, 2020, respectively.

Treasury Stock – During the three months ended June 30, 2021, the Company purchased 17 Class A Shares from employees at an average cost per share of $139.24, primarily for the net settlement of stock-based compensation awards, and 1,351 Class A Shares at an average cost per share of $138.85 pursuant to the Company's share repurchase program. The aggregate 1,368 Class A Shares were purchased at an average cost per share of $138.86, and the result of these purchases was an increase in Treasury Stock of $189,952 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2021.

During the six months ended June 30, 2021, the Company purchased 934 Class A Shares from employees at an average cost per share of $117.02, primarily for the net settlement of stock-based compensation awards, and 2,374 Class A Shares at an average cost per share of $132.88 pursuant to the Company's share repurchase program. The aggregate 3,308 Class A Shares were purchased at an average cost per share of $128.40, and the result of these purchases was an increase in Treasury Stock of $424,806 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2021.

LP Units – During the three and six months ended June 30, 2021, 21 and 141 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares, resulting in increases to Common Stock of $1 for the six months ended June 30, 2021, and Additional Paid-In-Capital of $1,033 and $6,746 for the three and six months ended June 30, 2021, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2021.

Accumulated Other Comprehensive Income (Loss) – As of June 30, 2021, 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 ($4,861) and ($2,366), respectively.