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. Q1 2026: $44M, Q3 2025: $18M, Q2 2025: $16M, Q1 2025: $6M

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

Latest quarter $44M vs trailing avg $13M (+238%)

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

Negative FCF ($-257M), 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?

2 open-market purchases by 2 insiders

• Mastin Celeste Beeks (President and CEO) bought 5,170 shares at $57.08 on 2026-04-07
• East James J. (Executive Vice President, HHC) bought 31 shares at $58.62 on 2025-09-26

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 2 insider purchases by 2 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.

Company buying back stock while insiders sold 4.3x more than bought. 1 C-suite officers among sellers

• Corkrean John J (Executive VP and CFO) sold 14,222 shares on 2025-10-27