Evercore Inc. Stockholders' Equity

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – On July 23, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.80 per share to the holders of record of shares of Class A common stock ("Class A Shares") as of August 30, 2024, which will be paid on September 13, 2024. During the three and six months ended June 30, 2024, the Company declared and paid dividends of $0.80 and $1.56 per share, respectively, totaling $30,638 and $59,947, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs") totaling $4,002 and $8,030, respectively. The Company also paid deferred cash dividends of $271 and $14,198 during the three and six months ended June 30, 2024, respectively. During the three and six months ended June 30, 2023, the Company declared and paid dividends of $0.76 and $1.48 per share, respectively, totaling $28,938 and $56,610, respectively, and accrued deferred cash dividends on unvested RSUs totaling $4,454 and $8,659, respectively. The Company also paid deferred cash dividends of $148 and $13,669 during the three and six months ended June 30, 2023, respectively.

Treasury Stock – During the three months ended June 30, 2024, the Company purchased 22 Class A Shares from employees at an average cost per share of $189.97, primarily for the net settlement of stock-based compensation awards, and

268 Class A Shares at an average cost per share of $186.36 pursuant to the Company's share repurchase program. The aggregate 290 Class A Shares were purchased at an average cost per share of $186.63 and the result of these purchases was an increase in Treasury Stock of $54,188 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2024.

During the six months ended June 30, 2024, the Company purchased 956 Class A Shares from employees at an average cost per share of $176.67, primarily for the net settlement of stock-based compensation awards, and 822 Class A Shares at an average cost per share of $180.87 pursuant to the Company's share repurchase program. The aggregate 1,778 Class A Shares were purchased at an average cost per share of $178.61 and the result of these purchases was an increase in Treasury Stock of $317,485 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2024.

LP Units – During the three and six months ended June 30, 2024, 35 and 125 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares, resulting in an increase to Class A Common Stock of $1 for the six months ended June 30, 2024, and an increase to Additional Paid-In Capital of $2,507 and $8,652 for the three and six months ended June 30, 2024, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2024. See Note 12 for further information.

Accumulated Other Comprehensive Income (Loss) – As of June 30, 2024, 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 ($5,306) and ($25,195), respectively.