Evercore Inc. Stockholders' Equity

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – On January 30, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.76 per share to the holders of record of Class A Shares as of February 23, 2024, which will be paid on March 8, 2024. During the year ended December 31, 2023, the Company declared and paid dividends of $3.00 per share, totaling $113,867, and accrued deferred cash dividends on unvested RSUs totaling $17,054. During the year ended December 31, 2023, the Company also paid deferred cash dividends of $13,997. During the year ended December 31, 2022, the Company declared and paid dividends of $2.84 per share, totaling $111,568, and accrued deferred cash dividends on unvested RSUs totaling $15,236. During the year ended December 31, 2022, the Company also paid deferred cash dividends of $15,689.

Treasury Stock – During the year ended December 31, 2023, the Company purchased 968 Class A Shares from employees at an average cost per share of $131.53, primarily for the net settlement of stock-based compensation awards, and 2,033 Class A Shares at an average cost per share of $127.85 pursuant to the Company's share repurchase program. The aggregate 3,001 Class A Shares were purchased at an average cost per share of $129.04 and the result of these purchases was an increase in Treasury Stock of $387,286 on the Company's Consolidated Statement of Financial Condition as of December 31, 2023. During the year ended December 31, 2022, the Company purchased 1,011 Class A Shares from employees at an average cost per share of $127.02, primarily for the net settlement of stock-based compensation awards, and 3,427 Class A Shares at an average cost per share of $114.39 pursuant to the Company's share repurchase program. The aggregate 4,438 Class A Shares were purchased at an average cost per share of $117.27 and the result of these purchases was an increase in Treasury Stock of $520,465 on the Company's Consolidated Statement of Financial Condition as of December 31, 2022.

LP Units – During the year ended December 31, 2023, 178 LP Units were exchanged for Class A Shares, resulting in an increase to Class A Common Stock and Additional Paid-In Capital of $2 and $11,488, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2023. During the year ended December 31, 2022, 2,574 LP Units were exchanged for Class A Shares, resulting in an increase to Class A Common Stock and Additional Paid-In Capital of $26 and $159,386, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2022. See Notes 16 and 21 for further information.

Accumulated Other Comprehensive Income (Loss) – As of December 31, 2023, Accumulated Other Comprehensive Income (Loss) on the Company's 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 ($5,269) and ($21,269), respectively.