HTLD HEARTLAND EXPRESS INC

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

Bought back stock in only 1/4 quarters. Q3 2025: $0M, Q3 2024: $0M, Q3 2022: $16M, Q2 2022: $0M

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

Latest quarter $0M vs trailing avg $5M (-100%)

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

Missing buyback or cash flow data

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

Repurchased 1,200,000 shares = 1.5% of 78,519,000 outstanding (annualized)

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

11 open-market purchases by 4 insiders

• GERDIN MICHAEL J (Chief Executive Officer) bought 24,798 shares at $8.19 on 2025-08-18
• GERDIN MICHAEL J (Chief Executive Officer) bought 3,888 shares at $8.20 on 2025-08-15
• GERDIN MICHAEL J (Chief Executive Officer) bought 1,314 shares at $8.20 on 2025-08-14
• PRATT JAMES G () bought 6,571 shares at $8.96 on 2025-05-14
• Ann S. Gerdin Revocable Trust () bought 167,644 shares at $8.95 on 2025-05-12
• Hupfeld Amanda () bought 2,000 shares at $8.76 on 2025-05-12
• GERDIN MICHAEL J (Chief Executive Officer) bought 148,272 shares at $8.50 on 2025-05-09
• Ann S. Gerdin Revocable Trust () bought 100,149 shares at $8.23 on 2025-05-08
• Ann S. Gerdin Revocable Trust () bought 148,272 shares at $7.70 on 2025-05-07
• Ann S. Gerdin Revocable Trust () bought 148,272 shares at $7.60 on 2025-05-06

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 $7M, 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