Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. covers the period from May 22, 2023, to May 24, 2023, with a report date of May 30, 2023. The filing discloses transactions in the Company's own shares as part of its previously announced share buy-back program, approved by shareholders on May 27, 2021.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not report revenue, profit, cash flow, margins, debt, or liquidity metrics.
- Shares Repurchased: 174,870 ordinary shares (0.02% of issued share capital).
- Weighted Average Purchase Price: EUR 41.1010 per share.
- Total Amount Paid: EUR 7,187,326.85.
- Market: Euronext Paris (XPAR).
- Purpose: To meet obligations arising from share option programs or other allocations to employees and management bodies.
- Treasury Shares Held: Following these transactions, the Company holds 11,158,535 treasury shares, representing approximately 1.2% of issued share capital.
Material Changes
The filing does not provide comparative financial data or material changes versus prior periods regarding operational performance. The only reported change is the increase in treasury shares held by the Company following the specific repurchase transactions detailed in the period.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on future business performance. It notes that shares may be held in treasury prior to use for employee programs or, if not needed, used for any other lawful purpose under the Market Abuse Regulation. No specific risks or contingencies are disclosed in this document.
Investor Verification Points
- Verify the total number of treasury shares held (11,158,535) against the Company's latest quarterly or annual report to confirm the 1.2% ownership stake.
- Confirm the status of the overall share buy-back program approved in May 2021 to understand remaining authorization limits.
- Review the detailed trade breakdown on the ST website (investors.st.com) for granular transaction data beyond the summary provided.