VRTS VIRTUS INVESTMENT PARTNERS, INC.

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

Bought back stock in 4/4 quarters. Q2 2026: $30M, Q1 2026: $20M, Q3 2025: $15M, Q2 2025: $12M

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

Latest quarter $30M vs trailing avg $16M (+90%)

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

Negative FCF ($-99M), buybacks not supported by cash flow

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

Repurchased 791,167 shares = 11.8% of 6,695,181 outstanding (annualized)

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

3 open-market purchases by 1 insiders

• MORRIS W HOWARD () bought 1,900 shares at $129.62 on 2026-03-12
• MORRIS W HOWARD () bought 150 shares at $129.23 on 2026-03-12
• MORRIS W HOWARD () bought 2,000 shares at $129.35 on 2026-03-12

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 3 insider purchases by 1 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 $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 8.0x more than bought. 1 C-suite officers among sellers

• Angerthal Michael A (EVP, CFO & Treasurer) sold 1,722 shares on 2026-08-03
• Angerthal Michael A (EVP, CFO & Treasurer) sold 879 shares on 2026-08-03
• Angerthal Michael A (EVP, CFO & Treasurer) sold 2,758 shares on 2026-08-03
• Angerthal Michael A (EVP, CFO & Treasurer) sold 4,568 shares on 2026-08-03
• Angerthal Michael A (EVP, CFO & Treasurer) sold 2,643 shares on 2026-08-03
• Angerthal Michael A (EVP, CFO & Treasurer) sold 2,285 shares on 2026-08-03
• Angerthal Michael A (EVP, CFO & Treasurer) sold 120 shares on 2026-08-03