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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Stockholders' Equity Note [Abstract]

Authorized and outstanding equity

APAM had the following authorized and outstanding equity as of March 31, 2024 and December 31, 2023.

Outstanding

Authorized

As of March 31, 2024

As of December 31, 2023

Voting Rights (1)

Economic Rights

Common shares

Class A, par value $0.01 per share

500,000,000

69,906,602

68,554,078

1 vote per share

Proportionate

Class B, par value $0.01 per share

200,000,000

1,718,821

2,435,739

1 vote per share

None

Class C, par value $0.01 per share

400,000,000

8,749,411

9,024,947

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 March 31, 2024, Artisan’s employees held 5,223,507 restricted shares of Class A common stock and all 1,718,821 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 three months ended March 31, 2024 and 2023:

Type of Dividend						Class of Stock						For the Three Months Ended March 31,
												2024						2023
Quarterly						Class A Common						$	0.68					$	0.55
Special Annual						Class A Common						$	0.34					$	0.35

Issuance (Cancellation) of Shares Disclosure

The following table summarizes APAM’s stock transactions for the three months ended March 31, 2024:

			Total Stock Outstanding						Class A Common Stock(1)						Class B Common Stock						Class C Common Stock
Balance at December 31, 2023			80,014,764						68,554,078						2,435,739						9,024,947
Holdings Common Unit Exchanges			—						992,454						(642,454)						(350,000)
Restricted Share Award Grants			495,772						495,772						—						—
Restricted Share Award Net Share Settlement			(149,172)						(149,172)						—						—
Delivery of Shares Underlying RSUs and PSUs			28,795						28,795						—						—
Employee/Partner Terminations			(15,325)						(15,325)						(74,464)						74,464
Balance at March 31, 2024			80,374,834						69,906,602						1,718,821						8,749,411
(1) There were 395,965 and 361,215 restricted stock units outstanding at March 31, 2024 and December 31, 2023, respectively. In addition, there were 176,192 and 216,170 performance share units outstanding at March 31, 2024 and December 31, 2023, respectively. Based on the quarter-end status of the market and performance conditions, the 176,192 unvested performance share units would ultimately result in the issuance of 224,162 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.

Schedule of Distributions made to General and Limited Partners

The distributions are recorded in the financial statements on the declaration date, or on the payment date in lieu of a declaration date. Holdings’ partnership distributions for the three months ended March 31, 2024 and 2023 were as follows:

			For the Three Months Ended March 31,
			2024						2023
Holdings Partnership Distributions to Limited Partners			$	4,116					$	3,327
Holdings Partnership Distributions to APAM			26,112						19,672
Total Holdings Partnership Distributions			$	30,228					$	22,999

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
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