NWBI Northwest Bancshares, Inc.

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

Bought back stock in 3/4 quarters. Q3 2022: $19M, Q2 2022: $0M, Q1 2022: $5M, Q3 2021: $0M

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

Latest quarter $19M vs trailing avg $2M (+1022%)

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

Buyback $24M / FCF $134M = 18% of FCF

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

Repurchased 0 shares = 0.0% of 127,508,003 outstanding (annualized)

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

10 open-market purchases by 8 insiders

• Torchio Louis J (President & CEO) bought 3,500 shares at $12.16 on 2026-03-06
• CAMPANA ROBERT M () bought 2,000 shares at $12.62 on 2026-01-29
• Tullio David M () bought 1,500 shares at $12.27 on 2025-12-08
• Hunter Timothy M () bought 4,000 shares at $12.18 on 2025-12-05
• Meegan John P () bought 1,500 shares at $12.10 on 2025-12-01
• Chadsey Deborah J Esq. () bought 1,700 shares at $11.79 on 2025-11-21
• Williams Amber Lee () bought 1,302 shares at $11.37 on 2025-11-21
• CAMPANA ROBERT M () bought 1,000 shares at $11.37 on 2025-11-20
• Hunter Timothy M () bought 10,000 shares at $11.66 on 2025-08-06
• Paup Mark A () bought 3,500 shares at $11.59 on 2025-08-01

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 $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