JBTM JBT MAREL 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 2023: $0M, Q3 2022: $0M, Q3 2019: $0M, Q3 2018: $5M

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

Latest quarter $0M vs trailing avg $2M (-70%)

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

Negative FCF ($-1.1B), buybacks not supported by cash flow

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

Missing shares repurchased or outstanding data

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

No insider open-market purchases in the last 12 months

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.

Need both buyback and insider purchase data

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

Insiders bought $0M, sold $4M 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.

Company buying back stock while insiders sold 7300874.0x more than bought. 2 C-suite officers among sellers

• Deck Brian A (CEO) sold 10,000 shares on 2026-03-02
• Deck Brian A (CEO) sold 8,634 shares on 2026-03-03
• Rizzolo Luiz Augusto (EVP & President -Regions & IMO) sold 1,271 shares on 2025-05-27