Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated October 3, 2022. The document serves as a disclosure of transactions in the company's own shares under a previously announced share repurchase program. The specific reporting period for the disclosed activity is September 26, 2022, to September 28, 2022.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not report revenue, profit, cash flow, margins, debt, or liquidity metrics for the period.
- Shares Repurchased: 74,179 ordinary shares (0.01% of issued share capital).
- Weighted Average Purchase Price: EUR 34.3690 per share.
- Total Amount Paid: EUR 2,549,460.63.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: 4,994,727 shares (approximately 0.5% of issued share capital) following these transactions.
Material Changes
The filing does not provide comparative financial data or material changes in operating performance versus prior periods. The only reported change is the incremental increase in treasury shares held by the company due to the repurchase activity during the three-day window.
Guidance, Outlook, and Risks
This document contains no financial guidance, outlook, or management commentary regarding future earnings or market conditions. It references the company's broader commitment to becoming carbon neutral by 2027 but does not detail specific risks or contingencies related to the share buyback program.
Investor Verification Checklist
- Verify the total number of treasury shares held (4,994,727) against the company's latest quarterly or annual report to confirm the 0.5% ownership stake.
- Confirm the remaining authorization limit of the share repurchase program approved on May 27, 2021, to assess future buyback capacity.
- Review the detailed trade breakdown on the ST investor website (https://investors.st.com/buyback-program) for granular transaction data.
- Check subsequent filings for updates on the buyback program status and any changes in the weighted average purchase price.