diff --git a/CHANGELOG.md b/CHANGELOG.md
index 858c12c7..ed04e4e7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,21 @@
 # Changelog
 
+### [1.2.1](https://www.github.com/googleapis/java-iam/compare/v1.2.0...v1.2.1) (2022-01-07)
+
+
+### Bug Fixes
+
+* **java:** run Maven in plain console-friendly mode ([#1301](https://www.github.com/googleapis/java-iam/issues/1301)) ([#251](https://www.github.com/googleapis/java-iam/issues/251)) ([011932e](https://www.github.com/googleapis/java-iam/commit/011932e2c0a1c9d1444cef5e25420616c604b91e))
+
+
+### Dependencies
+
+* update dependency com.google.api:api-common to v2.1.2 ([#256](https://www.github.com/googleapis/java-iam/issues/256)) ([29c0f8d](https://www.github.com/googleapis/java-iam/commit/29c0f8dad438424400fbeaffd54d00326ce0954d))
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.6.0 ([#257](https://www.github.com/googleapis/java-iam/issues/257)) ([8d41821](https://www.github.com/googleapis/java-iam/commit/8d4182108e826f9f0a236ece2fb19f96c1c65e88))
+* update dependency com.google.protobuf:protobuf-java to v3.19.2 ([#254](https://www.github.com/googleapis/java-iam/issues/254)) ([38dd15b](https://www.github.com/googleapis/java-iam/commit/38dd15b8afb5d3f0238e4f0d1323003b04425ff2))
+* update dependency io.grpc:grpc-protobuf to v1.43.2 ([#246](https://www.github.com/googleapis/java-iam/issues/246)) ([5f752dd](https://www.github.com/googleapis/java-iam/commit/5f752ddd31d3c3ac314aa792a8ed4eca35b53f81))
+* update dependency io.grpc:grpc-stub to v1.43.2 ([#247](https://www.github.com/googleapis/java-iam/issues/247)) ([1c60bb5](https://www.github.com/googleapis/java-iam/commit/1c60bb5f559fba678e6c20e52bd6f412a4032435))
+
 ## [1.2.0](https://www.github.com/googleapis/java-iam/compare/v1.1.7...v1.2.0) (2021-12-06)
 
 
diff --git a/grpc-google-iam-v1/pom.xml b/grpc-google-iam-v1/pom.xml
index 3dded075..77d2db69 100644
--- a/grpc-google-iam-v1/pom.xml
+++ b/grpc-google-iam-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-iam-v1</artifactId>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.2.1</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>grpc-google-iam-v1</name>
   <description>GRPC library for grpc-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.2.1</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 549fcf1d..ba76eadc 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-iam-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.2.1</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>Google IAM Parent</name>
   <url>https://github.com/googleapis/java-iam</url>
   <description>
@@ -77,7 +77,7 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-iam-v1</artifactId>
-        <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+        <version>1.2.1</version><!-- {x-version-update:proto-google-iam-v1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-iam-v1/pom.xml b/proto-google-iam-v1/pom.xml
index 265493cf..7cb571e7 100644
--- a/proto-google-iam-v1/pom.xml
+++ b/proto-google-iam-v1/pom.xml
@@ -3,13 +3,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-iam-v1</artifactId>
-  <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.2.1</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>proto-google-iam-v1</name>
   <description>PROTO library for proto-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.2.1</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index 4c3ee3c6..af58136e 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,5 +1,5 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-iam-v1:1.2.0:1.2.1-SNAPSHOT
-grpc-google-iam-v1:1.2.0:1.2.1-SNAPSHOT
+proto-google-iam-v1:1.2.1:1.2.1
+grpc-google-iam-v1:1.2.1:1.2.1