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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Authorized and outstanding equity APAM had the following authorized and outstanding equity as of December 31, 2022 and 2021, respectively:
Outstanding
Common sharesAuthorizedDecember 31, 2022December 31, 2021
Voting Rights (1)
Economic Rights
Class A, par value $0.01 per share
500,000,000 67,982,025 66,699,872 
1 vote per share
Proportionate
Class B, par value $0.01 per share
200,000,000 2,583,884 3,206,580 
1 vote per share
None
Class C, par value $0.01 per share
400,000,000 9,040,147 9,128,617 
1 vote per share
None
(1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of December 31, 2022, Artisan’s employees held 5,286,542 restricted shares of Class A common stock and all 2,583,884 outstanding shares of Class B common stock, all of which were subject to the agreement.
Dividends Declared APAM declared and paid the following dividends per share during the years ended December 31, 2022, 2021 and 2020:
 For the Years Ended December 31,
Type of DividendClass of Stock202220212020
QuarterlyCommon Class A$2.95 $3.92 $2.79 
Special AnnualCommon Class A$0.72 $0.31 $0.60 
Schedule of Stock by Class The following table summarizes APAM’s stock transactions for the years ended December 31, 2022, 2021 and 2020:
Total Stock Outstanding
Class A Common Stock(1)
Class B Common StockClass C Common Stock
Balance at January 1, 2020
77,801,854 56,429,825 7,803,364 13,568,665 
2020 Follow-On Offering
— 1,802,326 (1,777,326)(25,000)
Holdings Common Unit Exchanges— 4,128,600 (1,535,275)(2,593,325)
Delivery of Shares Underlying RSUs24,233 24,233 — — 
Restricted Share Award Grants916,085 916,085 — — 
Restricted Share Award Net Share Settlement(126,971)(126,971)— — 
Employee/Partner Terminations(43,091)(43,091)(32,805)32,805 
Balance at December 31, 2020
78,572,110 63,131,007 4,457,958 10,983,145 
2021 Follow-On Offering
— 963,614 (638,614)(325,000)
Holdings Common Unit Exchanges— 2,142,292 (612,764)(1,529,528)
Delivery of Shares Underlying RSUs1,074 1,074 — — 
Restricted Share Award Grants740,249 740,249 — — 
Restricted Share Award Net Share Settlement(177,960)(177,960)— — 
Employee/Partner Terminations(100,404)(100,404)— — 
Balance at December 31, 2021
79,035,069 66,699,872 3,206,580 9,128,617 
Holdings Common Unit Exchanges— 711,166 (622,696)(88,470)
Delivery of Shares Underlying RSUs1,060 1,060 — — 
Restricted Share Award Grants787,372 787,372 — — 
Restricted Share Award Net Share Settlement(198,774)(198,774)— — 
Employee/Partner Terminations(18,671)(18,671)— — 
Balance at December 31, 2022
79,606,056 67,982,025 2,583,884 9,040,147 
(1) There were 367,392, 327,713, and 304,570 restricted stock units outstanding at December 31, 2022, 2021, and 2020, respectively. In addition, there were 231,170 and 135,230 performance share units outstanding at December 31, 2022 and 2021, respectively. Based on the current status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 261,173 shares of Class A common stock if all other vesting conditions were met. Restricted stock units and performance share units are not reflected in the table because they are not considered outstanding or issued stock.
Distributions Holdings’ partnership distributions for the years ended December 31, 2022, 2021 and 2020 were as follows:
 For the Years Ended December 31,
202220212020
Holdings Partnership Distributions to Limited Partners$57,199 $93,189 $85,805 
Holdings Partnership Distributions to APAM299,040 400,191 270,044 
Total Holdings Partnership Distributions$356,239 $493,380 $355,849