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%+. Bear: negative FCF or no buybacks.

Buyback $24M / FCF $166M = 14% of FCF

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

Repurchased 0 shares = 0.0% of 146,107,964 outstanding (annualized)

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

13 open-market purchases by 11 insiders

• Schosser Douglas M (Chief Financial Officer) bought 1,500 shares at $13.92 on 2026-05-01
• Bowers Urich T (Chief Cons. Banking /Strat Off) bought 7,000 shares at $13.97 on 2026-05-01
• Betchkal Gregory J. (Chief Risk Officer) bought 5,000 shares at $13.93 on 2026-04-30
• 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

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 3 quarters and 13 insider purchases by 11 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.

No buyback-insider divergence detected