TNC TENNANT CO

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

Bought back stock in 4/4 quarters. Q1 2026: $20M, Q3 2025: $8M, Q2 2025: $8M, Q1 2025: $1M

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

Latest quarter $20M vs trailing avg $6M (+254%)

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

Negative FCF ($-65M), buybacks not supported by cash flow

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

Repurchased 0 shares = 0.0% of 17,846,681 outstanding (annualized)

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

6 open-market purchases by 3 insiders

• Glerum James T Jr. () bought 8,163 shares at $61.25 on 2026-03-02
• Mulligan Donal L () bought 3,000 shares at $61.61 on 2026-02-27
• Mulligan Donal L () bought 5,000 shares at $63.86 on 2026-02-26
• Huml David W. (PRESIDENT AND CEO) bought 2,600 shares at $64.02 on 2026-02-26
• Huml David W. (PRESIDENT AND CEO) bought 1,225 shares at $65.01 on 2026-02-26
• Huml David W. (PRESIDENT AND CEO) bought 175 shares at $65.48 on 2026-02-26

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 4 quarters and 6 insider purchases by 3 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 $1M, sold $1M 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