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Evercore Inc. Stockholders' Equity
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Evercore Inc. Stockholders' Equity Evercore Inc. Stockholders' Equity
Dividends – On October 22, 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 November 29, 2024, which will be paid on December 13, 2024. During the three and nine months ended September 30, 2024, the Company declared and paid dividends of $0.80 and $2.36 per share, respectively, totaling $30,426 and $90,373, respectively, and accrued deferred cash dividends on unvested and vested restricted stock units ("RSUs") totaling $4,115 and $12,145, respectively. The Company also paid deferred cash dividends of $411 and $14,609 during the three and nine months ended September 30, 2024, respectively. During the three and nine months ended September 30, 2023, the Company declared and paid dividends of $0.76 and $2.24 per share, respectively, totaling $28,592 and $85,202, respectively, and accrued deferred cash dividends on unvested and vested
RSUs totaling $4,058 and $12,717, respectively. The Company also paid deferred cash dividends of $185 and $13,854 during the three and nine months ended September 30, 2023, respectively.
Treasury Stock – During the three months ended September 30, 2024, the Company purchased 29 Class A Shares from employees at an average cost per share of $222.92, primarily for the net settlement of stock-based compensation awards, and 396 Class A Shares at an average cost per share of $236.91 pursuant to the Company's share repurchase program. The aggregate 425 Class A Shares were purchased at an average cost per share of $235.96 and the result of these purchases was an increase in Treasury Stock of $100,401 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2024.
During the nine months ended September 30, 2024, the Company purchased 984 Class A Shares from employees at an average cost per share of $178.02, primarily for the net settlement of stock-based compensation awards, and 1,219 Class A Shares at an average cost per share of $199.11 pursuant to the Company's share repurchase program. The aggregate 2,203 Class A Shares were purchased at an average cost per share of $189.69 and the result of these purchases was an increase in Treasury Stock of $417,886 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2024.
LP Units – During the three and nine months ended September 30, 2024, 93 and 218 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares, resulting in an increase to Class A Common Stock of $1 and $2 for the three and nine months ended September 30, 2024, respectively, and an increase to Additional Paid-In Capital of $6,954 and $15,606 for the three and nine months ended September 30, 2024, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2024. See Note 12 for further information.
Accumulated Other Comprehensive Income (Loss) – As of September 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 ($5,375) and ($14,435), respectively.
The redemption of the Company's interest in Luminis in the third quarter of 2024 resulted in the reclassification of $581 of cumulative foreign currency translation losses from Accumulated Other Comprehensive Income (Loss) on the Unaudited Condensed Consolidated Statement of Financial Condition to Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2024. See Note 7 for further information.