FUL FULLER H B CO

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

Bought back stock in 4/4 quarters. Q3 2026: $0M, Q2 2026: $16M, Q1 2026: $44M, Q3 2025: $18M

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

Latest quarter $0M vs trailing avg $26M (-100%)

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

Negative FCF ($-148M), 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 54,174,963 outstanding (annualized)

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

8 open-market purchases by 6 insiders

• Lauber Charles T () bought 2,005 shares at $49.87 on 2026-09-29
• Zaheer Srilata () bought 40 shares at $49.97 on 2026-09-29
• HANDLEY THOMAS W () bought 2,000 shares at $49.41 on 2026-09-28
• FLORNESS DANIEL L () bought 2,030 shares at $49.34 on 2026-09-28
• Rasmussen Trangsrud Teresa J () bought 1,542 shares at $48.96 on 2026-09-28
• Rasmussen Trangsrud Teresa J () bought 500 shares at $48.98 on 2026-09-28
• Zaheer Srilata () bought 2,000 shares at $49.06 on 2026-09-28
• Mastin Celeste Beeks (President and CEO) bought 5,170 shares at $57.08 on 2026-04-07

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 4 quarters and 8 insider purchases by 6 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 $1M in the last 90 days (net selling)

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

No buyback-insider divergence detected