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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Authorized and outstanding equity
APAM had the following authorized and outstanding equity as of September 30, 2024 and December 31, 2023:
Outstanding
AuthorizedAs of September 30, 2024As of December 31, 2023
Voting Rights (1)
Economic Rights
Common shares
Class A, par value $0.01 per share
500,000,000 70,069,120 68,554,078 
1 vote per share
Proportionate
Class B, par value $0.01 per share
200,000,000 1,579,068 2,435,739 
1 vote per share
None
Class C, par value $0.01 per share
400,000,000 8,712,951 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 September 30, 2024, Artisan’s employees held 5,166,152 restricted shares of Class A common stock and all 1,579,068 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 and nine months ended September 30, 2024 and 2023:
Type of DividendClass of StockFor the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
QuarterlyClass A Common$0.71 $0.61 $2.00 $1.66 
Special AnnualClass A Common$— $— $0.34 $0.35 
Issuance (Cancellation) of Shares Disclosure
The following table summarizes APAM’s stock transactions for the nine months ended September 30, 2024:
Total Stock Outstanding
Class A Common Stock(1)
Class B Common StockClass C Common Stock
Balance at December 31, 2023
80,014,764 68,554,078 2,435,739 9,024,947 
Holdings Common Unit Exchanges— 1,168,667 (753,667)(415,000)
Restricted Share Award Grants502,774 502,774 — — 
Restricted Share Award Net Share Settlement(149,172)(149,172)— — 
Delivery of Shares Underlying RSUs and PSUs28,795 28,795 — — 
Employee/Partner Terminations(36,022)(36,022)(103,004)103,004 
Balance at September 30, 2024
80,361,139 70,069,120 1,579,068 8,712,951 
(1) There were 395,965 and 361,215 restricted stock units outstanding at September 30, 2024 and December 31, 2023, respectively. In addition, there were 176,192 and 216,170 performance share units outstanding at September 30, 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 and nine months ended September 30, 2024 and 2023 were as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Holdings Partnership Distributions to Limited Partners$13,244 $12,883 $33,445 $30,341 
Holdings Partnership Distributions to APAM84,370 72,419 208,401 169,102 
Total Holdings Partnership Distributions$97,614 $85,302 $241,846 $199,443