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Equity (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Summary of changes in ownership

The following table summarizes the changes in ownership:

 

 

Class A Common Stock

 

 

 

 

 

 

 

 

 

 

 

 

Issued

 

 

Less: Treasury Stock

 

 

Outstanding

 

 

Class B Common Stock

 

 

Total

 

 

Class A Ownership Percentage

 

Balance at January 1, 2024

 

 

26,284,027

 

 

 

20,624

 

 

 

26,263,403

 

 

 

82,021,389

 

 

 

108,284,792

 

 

 

24.3

%

Restricted stock units vesting

 

 

95,466

 

 

 

39,702

 

 

 

55,764

 

 

 

 

 

 

55,764

 

 

 

 

Shares withheld for taxes

 

 

(13,301

)

 

 

 

 

 

(13,301

)

 

 

 

 

 

(13,301

)

 

 

 

Share repurchases

 

 

 

 

 

588,030

 

 

 

(588,030

)

 

 

 

 

 

(588,030

)

 

 

 

Balance at March 31, 2024

 

 

26,366,192

 

 

 

648,356

 

 

 

25,717,836

 

 

 

82,021,389

 

 

 

107,739,225

 

 

 

23.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2023

 

 

26,254,167

 

 

 

 

 

 

26,254,167

 

 

 

82,021,389

 

 

 

108,275,556

 

 

 

24.2

%

Balance at March 31, 2023

 

 

26,254,167

 

 

 

 

 

 

26,254,167

 

 

 

82,021,389

 

 

 

108,275,556

 

 

 

24.2

%

 

Schedule Of EELP declared and paid distributions to all interest holders, including Excelerate

During the three months ended March 31, 2024, EELP declared distributions to all interest holders, including Excelerate. Excelerate has used and will continue to use proceeds from such distributions to pay dividends to holders of Class A Common Stock. The following table details the distributions and dividends for the periods presented:

 

 

 

 

Class B Interests

 

 

Class A Common Stock

 

Dividend and Distribution for the Quarter Ended

 

Date Paid or To Be Paid

 

Distributions Paid or To Be Paid

 

 

Total Dividends Declared

 

 

Dividend Declared per Share

 

 

 

 

 

(In thousands)

 

 

March 31, 2024

 

June 6, 2024

 

$

2,051

 

 

$

649

 

 

$

0.025

 

December 31, 2023

 

March 28, 2024

 

$

2,051

 

 

$

673

 

 

$

0.025