StepStone Group Authorizes $100 Million Class A Stock Repurchase Program
StepStone Group’s board authorized a $100 million repurchase of Class A common stock via open-market purchases, private transactions and 10b5-1 plans. The firm will fund buybacks and a supplemental annual dividend from free cash flow under its flexible capital-allocation framework.
1. Board Approval of Repurchase Program
The board of directors authorized a program to repurchase up to $100 million of Class A common stock, granting management discretion over timing and volume based on market conditions and capital availability.
2. Capital-Allocation Strategy
StepStone intends to fund both its regular quarterly dividend and a supplemental annual dividend from free cash flow while retaining flexibility to adjust payouts based on the most compelling uses of capital.
3. Repurchase Program Mechanics
Repurchases may occur via open-market purchases, privately negotiated transactions or through 10b5-1 trading plans, all in compliance with applicable securities laws, exchange requirements and internal policies.
4. Financial Position and AUM
As of December 31, 2025, StepStone was responsible for approximately $811 billion of total capital, including $220 billion of assets under management, underscoring its capital-efficient model and capacity for shareholder returns.