Stockholders' Equity |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' Equity | Note 11. Stockholders’ Equity Authorized Capital Stock As of June 30, 2026, Millrose had, under its Charter, authorized capital stock of (i) 450,000,000 shares of common stock, par value $0.01 per share, consisting of 275,000,000 shares of Class A common stock and 175,000,000 shares of Class B common stock, and (ii) 50,000,000 shares of preferred stock, par value $0.01 per share. Common Stock As of June 30, 2026, Millrose had 166,047,927 shares of common stock outstanding. The Company’s common stock consists of shares of Class A and Class B common stock, each with a par value of $0.01 per share. On April 3, 2026, 44,430 shares of Class A common stock were issued to non-employee directors in connection with the vesting of RSUs under the 2024 Incentive Plan. There were no other issuances, conversions, forfeitures, or repurchases of common stock during the three months ended June 30, 2026. Preferred Stock As of June 30, 2026, there were no shares of preferred stock outstanding. Dividends On January 15, 2026, the Company paid a dividend of $0.75 to holders of its Class A common stock and Class B common stock of record as of the close of business on January 5, 2026, as declared by the Board on December 22, 2025.
On April 15, 2026, the Company paid a dividend of $0.76 to holders of its Class A common stock and Class B common stock of record as of the close of business on April 3, 2026, as declared by the Board on March 23, 2026. On June 23, 2026 the Company declared a dividend of $0.77 to holders of its Class A common stock and Class B common stock of record as of the close of business July 6, 2026. This dividend was paid on July 15, 2026. For the dividend paid July 15, 2026, the Company recorded a dividend payable of $127.9 million in other liabilities in the Company’s condensed consolidated balance sheets as of June 30, 2026. Securities Authorized for Issuance Under Equity Compensation Plans As of June 30, 2026, 88,750 RSUs had been granted pursuant to the 2024 Incentive Plan, of which 44,430 had vested as of June 30, 2026. See Note 12. Stock-Based Compensation for additional information. Additional Paid In Capital As of June 30, 2026, the Company had additional paid-in capital of approximately $5.9 billion, which largely reflects the cash and land contributed by Lennar at the Spin-Off. Changes in additional paid-in capital during the three and six months ended June 30, 2026 related to the recognition of stock-based compensation expense and activity related to dividend equivalent rights on RSUs issued under the 2024 Incentive Plan. Additional paid-in capital was also reduced as of June 30, 2026 to reflect the issuance of shares during the second quarter of 2026 upon the vesting of RSUs which represents a reclassification to Class A common stock within stockholders’ equity. |