Evercore Inc. Stockholders' Equity

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – On April 25, 2023, the Company's Board of Directors declared a quarterly cash dividend of $0.76 per share to the holders of record of shares of Class A common stock ("Class A Shares") as of May 26, 2023, which will be paid on June 9, 2023. During the three months ended March 31, 2023, the Company declared and paid dividends of $0.72 per share, totaling $27,672, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $4,205. During the three months ended March 31, 2023, the Company also paid deferred cash dividends of $13,521. During the three months ended March 31, 2022, the Company declared and paid dividends of $0.68 per share, totaling $27,505, and accrued deferred cash dividends on unvested RSUs, totaling $4,128. During the three months ended March 31, 2022, the Company also paid deferred cash dividends of $14,114.

Treasury Stock – During the three months ended March 31, 2023, the Company purchased 915 Class A Shares from employees at an average cost per share of $131.79, primarily for the net settlement of stock-based compensation awards, and 1,238 Class A Shares at an average cost per share of $132.50 pursuant to the Company's share repurchase program. The aggregate 2,153 Class A Shares were purchased at an average cost per share of $132.20, and the result of these purchases was an increase in Treasury Stock of $284,566 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2023.

LP Units – During the three months ended March 31, 2023, 24 Evercore LP partnership units ("LP Units") were exchanged for Class A Shares, resulting in an increase to Additional Paid-In-Capital of $1,478 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2023. See Note 12 for further information.

Accumulated Other Comprehensive Income (Loss) – As of March 31, 2023, 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 ($5,413) and ($20,270), respectively.