DEI Douglas Emmett Inc

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2024: $0M, Q2 2024: $93M, Q1 2024: $17M, Q3 2023: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $36M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $109M / FCF $227M = 48% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 167,435,259 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

3 open-market purchases by 2 insiders

• Kaplan Jordan L (Chairman and CEO) bought 98,000 shares at $10.18 on 2026-02-13
• Aronson Michele L (EVP, GEN COUNSEL & SECRETARY) bought 34,626 shares at $11.68 on 2025-11-17
• Aronson Michele L (EVP, GEN COUNSEL & SECRETARY) bought 7,500 shares at $11.75 on 2025-11-14

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $0M (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected