WU Western Union 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: $77M, Q3 2025: $2M, Q2 2025: $30M, Q1 2025: $151M

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

Latest quarter $77M vs trailing avg $61M (+26%)

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

Negative FCF ($-1.0B), buybacks not supported by cash flow

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

Repurchased 56,600,000 shares = 23.9% of 315,700,000 outstanding (annualized)

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

3 open-market purchases by 3 insiders

• Angelini Giovanni (President Europe, Africa, MEPA) bought 10,000 shares at $8.95 on 2025-11-10
• McGranahan Devin (CEO & President) bought 176,470 shares at $8.49 on 2025-08-21
• Cagwin Matthew (Chief Financial Officer) bought 17,500 shares at $8.36 on 2025-08-18

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 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 $0M, sold $0M 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.

No buyback-insider divergence detected