VECO VEECO INSTRUMENTS INC

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

Bought back stock in 4/4 quarters. Q3 2018: $10M, Q3 2019: $10M, Q2 2018: $1M, Q2 2019: $1M

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

Latest quarter $10M vs trailing avg $4M (+167%)

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

Buyback $22M / FCF $14M = 156% of FCF

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

Repurchased 8,651,032 shares = 14.3% of 60,388,539 outstanding (annualized)

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 $3M 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 6219395.0x more than bought. 2 C-suite officers among sellers

• Miller William John (CEO) sold 25,000 shares on 2026-03-03
• Miller William John (CEO) sold 25,000 shares on 2026-03-03
• Miller William John (CEO) sold 25,000 shares on 2025-12-05
• Miller William John (CEO) sold 25,000 shares on 2025-12-02
• Miller William John (CEO) sold 25,000 shares on 2025-10-01
• Miller William John (CEO) sold 25,000 shares on 2025-09-09
• KIERNAN JOHN P (SVP & CHIEF FINANCIAL OFFICER) sold 2,500 shares on 2025-05-12