Evercore Inc. Stockholders' Equity

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – The Company's Board of Directors declared on October 25, 2022, a quarterly cash dividend of $0.72 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of November 25, 2022, which will be paid on December 9, 2022. During the three and nine months ended September 30, 2022, the Company declared and paid dividends of $0.72 and $2.12 per share, respectively, totaling $28,052 and $83,739, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs") totaling $2,883 and $11,245, respectively. The Company also paid deferred cash dividends of $166 and $15,347 during the three and nine months ended September 30, 2022, respectively. During the three and nine months ended September 30, 2021, the Company declared and paid dividends of $0.68 and $1.97 per share, respectively, totaling $26,656 and $79,584, respectively, and accrued deferred cash dividends on unvested RSUs totaling $3,622 and $10,718, respectively. The Company also paid deferred cash dividends of $126 and $12,338 during the three and nine months ended September 30, 2021, respectively.

Treasury Stock – During the three months ended September 30, 2022, the Company purchased 17 Class A Shares from employees at an average cost per share of $93.64, primarily for the net settlement of stock-based compensation awards, and 319 Class A Shares at an average cost per share of $98.98 pursuant to the Company's share repurchase program. The aggregate 336 Class A Shares were purchased at an average cost per share of $98.71, and the result of these purchases was an increase in Treasury Stock of $33,162 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2022.

During the nine months ended September 30, 2022, the Company purchased 988 Class A Shares from employees at an average cost per share of $127.41, primarily for the net settlement of stock-based compensation awards, and 2,908 Class A Shares at an average cost per share of $115.18 pursuant to the Company's share repurchase program. The aggregate 3,896 Class A Shares were purchased at an average cost per share of $118.28, and the result of these purchases was an increase in Treasury Stock of $460,797 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2022.

LP Units – During the three and nine months ended September 30, 2022, 1 and 2,573 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares, resulting in an increase to Class A Common Stock of $26 for the nine months ended September 30, 2022, and an increase to Additional Paid-In-Capital of $47 and $159,328 for the three and nine months ended September 30, 2022, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2022. See Note 12 for further information.

Accumulated Other Comprehensive Income (Loss) – As of September 30, 2022, 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 ($4,185) and ($46,609), respectively.