15 unchanged sentences
Dividend Payment Date Dividend Per Share of Class A Common Stock
−Removed: First quarter N/A
−Removed: Second quarter N/A
−Removed: Third quarter N/A
+Added: First quarter July 15, 2021 $ 0.07
+Added: Second quarter September 15, 2021 0.07
+Added: Third quarter December 15, 2021 0.15
Fourth quarter March 15, 2022 0.15
Total dividends paid in FY2022 $ 0.44
−Removed: First quarter July 15, 2021 $ 0.07
+Added: First quarter June 30, 2022 $ 0.20
Second quarter September 15, 2022 0.20
3 unchanged sentences
First quarter June 30, 2023 $ 0.20
+Added: Supplemental 2
+Added: June 30, 2023 0.25
Second quarter September 15, 2023 0.21
3 unchanged sentences
_______________________________
−Removed: (1) Prior to the Company’s IPO on September 16, 2020, it was a wholly-owned subsidiary of the Partnership, had a single class of common stock and did not pay dividends.
−Removed: As such, there is no quarterly dividend information reported for the quarter ended September 30, 2020 or any periods prior.
(1) Dividends paid, as reported in this table, relate to the preceding quarterly period in which they were earned.
+Added: (2) The supplemental cash dividend relates to earnings in respect of our full fiscal year 2023.
Subject to funds being legally available, we intend to cause the Partnership to make distributions to each of its partners, including SSG, in an amount intended to enable each partner to pay all applicable taxes on taxable income allocable to such partner and to allow SSG to make payments under the Tax Receivable Agreements, and non-pro rata payments to SSG to reimburse it for corporate and other overhead expenses.
1 unchanged sentence
The declaration and payment of any other dividends by SSG will generally be at the sole discretion of its board of directors, which may change our dividend policy at any time.
−Removed: Holders of our Class B common stock will not be entitled to dividends distributed by SSG, but will share in the distributions made by the Partnership on a pro rata basis.
+Added: Holders of our Class B common stock will not be entitled to dividends distributed by SSG, but will share in the distributions made by the Partnership on a pro rata basis through their concurrent ownership of Class B units of the Partnership.
In connection with deciding whether to pay any dividend to our Class A stockholders, the board of directors will take into account:
8 unchanged sentences
To the extent that SSG contributes such excess cash to the Partnership (and undertakes such ameliorative actions), a holder of Class A common stock would not receive distributions in cash and would instead benefit through an increase in the indirect ownership interest in the Partnership represented by such holder’s Class A common stock.
−Removed: To the extent that SSG does not distribute such excess cash as dividends on the Class A common stock or otherwise undertake such ameliorative actions and instead, for example, holds such cash balances, the limited partners of the Partnership (not including SSG) may benefit from any value attributable to such cash balances as a result of their ownership of Class A common stock following an exchange of their Class B units for shares of the Class A common stock, notwithstanding that such limited partners may previously have participated as holders of Class B units in distributions by the Partnership that resulted in such excess cash balances at SSG.
+Added: To the extent that SSG does not distribute such excess cash as dividends on the Class A common stock or otherwise undertake such ameliorative actions and instead, for example, holds such cash balances, the limited partners of the Partnership (not including SSG) may benefit from any value attributable to such cash balances as a result of their ownership of Class A common stock following an exchange of their Class B units or Class C units for shares of the Class A common stock, notwithstanding that such limited partners may previously have participated as holders of Class B units or Class C units in distributions by the Partnership that resulted in such excess cash balances at SSG.
Recent Sales of Unregistered Securities
8 unchanged sentences
The performance shown in the graph below is not intended to forecast or be indicative of future stock price performance.
−Removed: September 16, 2020 March 31, 2021 March 31, 2022 March 31, 2023
+Added: September 16, 2020 March 31, 2021 March 31, 2022 March 31, 2023 March 31, 2024
StepStone Group Inc.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.