XML 45 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events
Note 20. Subsequent Events
Long-term incentive awards
During the first quarter of 2022, the board of directors of APAM approved the grant of long-term incentive awards with a grant date fair value of $86.8 million consisting of $38.2 million of restricted share-based awards and $48.6 million of long-term cash awards, to certain employees pursuant to the Company’s 2013 Omnibus Incentive Compensation Plan. The grant will be effective March 1, 2022. Compensation expense associated with these awards will be recognized on a straight-line basis over the requisite service period, which is generally three or five years. Expense for the cash awards will be variable based on the investment returns of the investment strategy to which the awards are allocated.
Distributions and dividends
APAM, acting as the general partner of Artisan Partners Holdings, declared, effective February 1, 2022, a distribution by Artisan Partners Holdings of $71.6 million to holders of Artisan Partners Holdings partnership units, including APAM. The board of directors of APAM declared, effective February 1, 2022, a quarterly dividend of $1.03 per share of Class A common stock and a special annual dividend of $0.72 per share of Class A common stock. Both APAM common stock dividends, a total of $1.75 per share, are payable on February 28, 2022 to stockholders of record as of February 14, 2022.