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 2025: $18M, Q2 2025: $16M, Q1 2025: $6M, Q3 2024: $0M

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

Latest quarter $18M vs trailing avg $7M (+141%)

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

Negative FCF ($-196M), cannot compute buyback ratio

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

Repurchased 0 shares = 0.0% of 54,657,103 outstanding (annualized)

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

2 open-market purchases by 2 insiders

• East James J. (Executive Vice President, HHC) bought 31 shares at $58.62 on 2025-09-26
• Mastin Celeste Beeks (President and CEO) bought 3,500 shares at $56.66 on 2025-04-01

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 $0M, sold $2M (net selling)

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 10.1x more than bought. 1 C-suite officers among sellers

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