Issuance of restricted common stock (in shares)

[Table of Contents](#i9e3d7fad53bb42b083be8286e4319cd4_10) 

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| EVERGY, INC. |
| Consolidated Statements of Changes in Equity |
|  |  |  |  |  |  |  |
|  | Evergy, Inc. Shareholders |  |  |
|  | Common stock shares | Common stock | Retained earnings | AOCI | Non-controlling interests | Total equity |
|  | (millions, except share amounts) |
| Balance as of December 31, 2018 | 255,326,252  |  | $ | 8,685.2  |  | $ | 1,346.0  |  | $ | (3.0) |  | $ | (37.5) |  | $ | 9,990.7  |  |
| Net income | —  |  | —  |  | 669.9  |  | —  |  | 15.7  |  | 685.6  |  |
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 111,849  |  | (2.4) |  | —  |  | —  |  | —  |  | (2.4) |  |
| Dividends declared on common stock ($1.93 per share) | —  |  | —  |  | (462.5) |  | —  |  | —  |  | (462.5) |  |
| Dividend equivalents declared | —  |  | —  |  | (1.9) |  | —  |  | —  |  | (1.9) |  |
| Stock compensation expense | —  |  | 16.3  |  | —  |  | —  |  | —  |  | 16.3  |  |
| Repurchase of common stock under repurchase plan | (28,796,658) |  | (1,628.7) |  | —  |  | —  |  | —  |  | (1,628.7) |  |
| Consolidation of noncontrolling interests | —  |  | —  |  | —  |  | —  |  | 3.8  |  | 3.8  |  |
| Distributions to shareholders of noncontrolling interests | —  |  | —  |  | —  |  | —  |  | (8.6) |  | (8.6) |  |
| Derivative hedging activity, net of tax | —  |  | —  |  | —  |  | (46.4) |  | —  |  | (46.4) |  |
| Change in unrecognized pension expense, net of tax | —  |  | —  |  | —  |  | (0.6) |  | —  |  | (0.6) |  |
|  |  |  |  |  |  |  |
| Balance as of December 31, 2019 | 226,641,443  |  | 7,070.4  |  | 1,551.5  |  | (50.0) |  | (26.6) |  | 8,545.3  |  |
| Net income | —  |  | —  |  | 618.3  |  | —  |  | 11.7  |  | 630.0  |  |
|  |  |  |  |  |  |  |
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 195,227  |  | (5.9) |  | —  |  | —  |  | —  |  | (5.9) |  |
| Dividends declared on common stock ($2.05 per share) | —  |  | —  |  | (465.0) |  | —  |  | —  |  | (465.0) |  |
| Dividend equivalents declared | —  |  | —  |  | (2.0) |  | —  |  | —  |  | (2.0) |  |
| Stock compensation expense | —  |  | 16.0  |  | —  |  | —  |  | —  |  | 16.0  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| Derivative hedging activity, net of tax | —  |  | —  |  | —  |  | 3.0  |  | —  |  | 3.0  |  |
| Change in unrecognized pension expense, net of tax | —  |  | —  |  | —  |  | (2.4) |  | —  |  | (2.4) |  |
| Other | —  |  | (0.5) |  | —  |  | —  |  | —  |  | (0.5) |  |
| Balance as of December 31, 2020 | 226,836,670  |  | 7,080.0  |  | 1,702.8  |  | (49.4) |  | (14.9) |  | 8,718.5  |  |
| Net income | —  |  | —  |  | 879.7  |  | —  |  | 12.2  |  | 891.9  |  |
| Issuance of stock, net of issuance costs | 2,269,447  |  | 112.5  |  | —  |  | —  |  | —  |  | 112.5  |  |
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 139,729  |  | (2.4) |  | —  |  | —  |  | —  |  | (2.4) |  |
| Issuance of restricted common stock | 54,054  |  | 2.9  |  | —  |  | —  |  | —  |  | 2.9  |  |
| Dividends declared on common stock ($2.178 per share) | —  |  | —  |  | (497.9) |  | —  |  | —  |  | (497.9) |  |
| Dividend equivalents declared | —  |  | —  |  | (1.7) |  | —  |  | —  |  | (1.7) |  |
| Stock compensation expense | —  |  | 13.8  |  | —  |  | —  |  | —  |  | 13.8  |  |
| Unearned compensation |  |  |  |  |  |  |
| Issuance of restricted common stock | —  |  | (2.9) |  | —  |  | —  |  | —  |  | (2.9) |  |
| Compensation expense recognized | —  |  | 1.8  |  | —  |  | —  |  | —  |  | 1.8  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| Derivative hedging activity, net of tax | —  |  | —  |  | —  |  | 5.5  |  | —  |  | 5.5  |  |
| Change in unrecognized pension expense, net of tax | —  |  | —  |  | —  |  | (0.1) |  | —  |  | (0.1) |  |
| Other | —  |  | (0.2) |  | —  |  | —  |  | —  |  | (0.2) |  |
| Balance as of December 31, 2021 | 229,299,900  |  | $ | 7,205.5  |  | $ | 2,082.9  |  | $ | (44.0) |  | $ | (2.7) |  | $ | 9,241.7  |  |

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.76
