Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Authorized and outstanding equity

APAM had the following authorized and outstanding equity as of June 30, 2022 and December 31, 2021, respectively:

		Outstanding
	Authorized	As of June 30, 2022	As of December 31, 2021	Voting Rights (1)	Economic Rights
Common shares
Class A, par value $0.01 per share	500,000,000	67,416,732	66,699,872	1 vote per share	Proportionate
Class B, par value $0.01 per share	200,000,000	3,086,745	3,206,580	1 vote per share	None
Class C, par value $0.01 per share	400,000,000	9,126,117	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 June 30, 2022, Artisan’s employees held 5,335,082 restricted shares of Class A common stock and all 3,086,745 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 six months ended June 30, 2022 and 2021:

Type of Dividend	Class of Stock	For the Three Months Ended June 30,				For the Six Months Ended June 30,
		2022		2021		2022		2021
Quarterly	Class A Common	$	0.76	$	0.88	$	1.79	$	1.85
Special Annual	Class A Common	$	—	$	—	$	0.72	$	0.31

Issuance (Cancellation) of Shares Disclosure

The following table summarizes APAM’s stock transactions for the six months ended June 30, 2022:

	Total Stock Outstanding	Class A Common Stock(1)	Class B Common Stock	Class C Common Stock
Balance at December 31, 2021	79,035,069	66,699,872	3,206,580	9,128,617
Holdings Common Unit Exchanges	—	122,335	(119,835)	(2,500)
Restricted Share Award Grants	787,372	787,372	—	—
Restricted Share Award Net Share Settlement	(185,243)	(185,243)	—	—
Delivery of Shares Underlying RSUs	1,060	1,060	—	—
Employee/Partner Terminations	(8,664)	(8,664)	—	—
Balance at June 30, 2022	79,629,594	67,416,732	3,086,745	9,126,117
(1) There were 367,392 and 327,713 restricted stock units outstanding at June 30, 2022 and December 31, 2021, respectively. In addition, there were 231,170 and 135,230 performance share units outstanding at June 30, 2022 and December 31, 2021 respectively. Based on the quarter-end status of the market and performance conditions, the 231,170 unvested performance share units would ultimately result in the issuance of 309,143 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 six months ended June 30, 2022 and 2021 were as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Holdings Partnership Distributions to Limited Partners	$	20,527	$	30,387	$	31,695	$	42,260
Holdings Partnership Distributions to APAM	102,333		125,906		162,724		174,452
Total Holdings Partnership Distributions	$	122,860	$	156,293	$	194,419	$	216,712