WWW WOLVERINE WORLD WIDE INC /DE/

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

Bought back stock in 2/4 quarters. Q3 2023: $0M, Q2 2023: $48M, Q1 2023: $34M, Q3 2022: $0M

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

Latest quarter $0M vs trailing avg $27M (-100%)

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

Negative FCF ($-76M), buybacks not supported by cash flow

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

Repurchased 9,779,168 shares = 11.9% of 81,967,897 outstanding (annualized)

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

4 open-market purchases by 3 insiders

• Boyle Jack () bought 6,250 shares at $15.77 on 2025-11-07
• Long Nicholas T. () bought 2,000 shares at $15.88 on 2025-11-07
• Price DeMonty () bought 25,000 shares at $15.77 on 2025-11-07
• Price DeMonty () bought 15,000 shares at $27.19 on 2025-08-08

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 2 quarters and 4 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 $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 4.1x more than bought. 3 C-suite officers among sellers

• Klimek Amy M. (Chief Human Resources Officer) sold 11,528 shares on 2025-11-03
• Hufnagel Christopher (President and CEO) sold 32,294 shares on 2025-08-28
• Latchana David A (Chief Legal Officer) sold 5,000 shares on 2025-08-29
• Klimek Amy M. (Chief Human Resources Officer) sold 18,676 shares on 2025-08-18
• Klimek Amy M. (Chief Human Resources Officer) sold 20,000 shares on 2025-08-18