DLX DELUXE CORP

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

Bought back stock in 2/4 quarters. Q3 2021: $0M, Q2 2021: $0M, Q1 2021: $14M, Q3 2020: $40M

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

Latest quarter $0M vs trailing avg $18M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-640M), buybacks not supported by cash flow

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

Repurchased 0 shares = 0.0% of 44,300,000 outstanding (annualized)

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

3 open-market purchases by 1 insiders

• Zint William C (SVP, Chief Financial Officer) bought 175 shares at $21.44 on 2025-12-10
• Zint William C (SVP, Chief Financial Officer) bought 175 shares at $19.13 on 2025-09-10
• Zint William C (SVP, Chief Financial Officer) bought 175 shares at $15.88 on 2025-06-11

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters and 3 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (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