Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated May 16, 2022. The document serves as a disclosure of transactions in the Company's own shares under its previously announced share repurchase program. The specific reporting period for the disclosed activity is May 9, 2022, to May 13, 2022.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance metrics such as revenue or profit.
- Shares Repurchased: 251,603 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 8,789,166.36.
- Weighted Average Purchase Price: EUR 34.9327 per share.
- Treasury Shares Held: 8,043,936 shares (approximately 0.9% of issued share capital) following this period.
- Market: Euronext Paris (MIC code: XPAR).
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
This filing reports a discrete increase in treasury shares held by the Company. The share price fluctuated during the reporting period, ranging from a low of EUR 33.6421 on May 10 to a high of EUR 37.3199 on May 13. No material changes to the Company's business operations, financial condition, or results of operations are disclosed in this specific document.
Guidance, Outlook, and Risks
The filing confirms the continuation of the share buy-back program approved by shareholders on May 27, 2021. It references the Company's broader commitment to becoming carbon neutral by 2027. No specific financial guidance, forward-looking statements regarding earnings, or new risk factors are presented in this text. The document notes that a full breakdown of individual trades is available on the Company's investor website.
Investor Verification Checklist
- Verify the total remaining authorization under the share buy-back program approved in May 2021.
- Confirm the current total number of outstanding shares to validate the 0.9% treasury share calculation.
- Review the full trade breakdown on the STMicroelectronics investor website for granular execution data.
- Check subsequent filings for updates on the buy-back program status and any changes in share price trends.