WOR WORTHINGTON ENTERPRISES, 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 2025: $6M, Q3 2026: $6M, Q2 2025: $8M, Q2 2026: $8M

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

Latest quarter $6M vs trailing avg $7M (-17%)

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

Negative FCF ($-272M), buybacks not supported by cash flow

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

Repurchased 1,400,000 shares = 2.9% of 48,572,000 outstanding (annualized)

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

2 open-market purchases by 2 insiders

• ENDRES MICHAEL J () bought 10,000 shares at $52.95 on 2025-09-25
• McConnell John H II () bought 45 shares at $53.31 on 2025-09-25

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 2 insider purchases by 2 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 $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