| Summary of changes in ownership |
The following table summarizes the changes in ownership:
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Class A Common Stock |
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Issued |
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Less: Treasury Stock |
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Outstanding |
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Class B Common Stock |
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Total |
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Class A Ownership Percentage |
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Balance at January 1, 2025 |
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26,432,131 |
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2,564,058 |
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23,868,073 |
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82,021,389 |
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105,889,462 |
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22.5 |
% |
Long-term incentive compensation units vested, net |
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234,419 |
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107,633 |
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126,786 |
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— |
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126,786 |
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Options exercised |
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1,955 |
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— |
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1,955 |
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— |
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1,955 |
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Balance at March 31, 2025 |
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26,668,505 |
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2,671,691 |
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23,996,814 |
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82,021,389 |
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106,018,203 |
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22.6 |
% |
Issuance of common stock |
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8,000,000 |
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— |
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8,000,000 |
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— |
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8,000,000 |
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Long-term incentive compensation units vested, net |
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2,868 |
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2,248 |
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620 |
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— |
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620 |
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Options exercised |
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3,714 |
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91 |
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3,623 |
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— |
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3,623 |
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Balance at June 30, 2025 |
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34,675,087 |
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2,674,030 |
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32,001,057 |
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82,021,389 |
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114,022,446 |
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28.1 |
% |
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Balance at January 1, 2024 |
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26,284,027 |
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20,624 |
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26,263,403 |
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82,021,389 |
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108,284,792 |
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24.3 |
% |
Long-term incentive compensation units vested, net |
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82,165 |
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39,702 |
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42,463 |
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— |
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42,463 |
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Share repurchases |
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— |
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588,030 |
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(588,030 |
) |
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— |
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(588,030 |
) |
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Balance at March 31, 2024 |
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26,366,192 |
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648,356 |
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25,717,836 |
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82,021,389 |
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107,739,225 |
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23.9 |
% |
Long-term incentive compensation units vested, net |
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29,479 |
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22,237 |
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7,242 |
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— |
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7,242 |
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Share repurchases |
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— |
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673,780 |
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(673,780 |
) |
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— |
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(673,780 |
) |
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Balance at June 30, 2024 |
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26,395,671 |
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1,344,373 |
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25,051,298 |
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82,021,389 |
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107,072,687 |
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23.4 |
% |
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| Schedule Of EELP declared and paid distributions to all interest holders, including Excelerate |
During the six months ended June 30, 2025, EELP declared and paid 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:
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Class B Interests |
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Class A Common Stock |
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Dividend and Distribution for the Quarter Ended |
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Date Paid or To Be Paid |
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Distributions Paid or To Be Paid |
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Total Dividends Declared |
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Dividend Declared per Share |
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(In thousands) |
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June 30, 2025 |
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September 4, 2025 |
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$ |
6,562 |
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$ |
2,679 |
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$ |
0.08 |
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March 31, 2025 |
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June 5, 2025 |
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4,921 |
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2,005 |
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0.06 |
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December 31, 2024 |
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March 27, 2025 |
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4,921 |
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1,535 |
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0.06 |
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