Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated February 14, 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 February 7, 2022, to February 11, 2022.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance metrics such as revenue or profit.
- Shares Repurchased: 308,846 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 12,321,577.42.
- Weighted Average Purchase Price: EUR 39.8955 per share.
- Treasury Shares Held: 6,093,376 shares (approximately 0.7% of issued share capital) following these transactions.
- Market: Euronext Paris (XPAR).
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
This filing reports a specific tranche of share buybacks executed in early February 2022. The weighted average purchase price fluctuated daily between EUR 38.85 and EUR 40.75 during the five-day period. There is no comparative data provided in this document against prior periods for these specific transaction metrics.
Guidance, Outlook, and Risks
The document does not contain financial guidance, forward-looking outlooks, or specific risk factors related to operations. It references the company's broader commitment to becoming carbon neutral by 2027 and its role in enabling smarter mobility and IoT technologies. The disclosure is made in accordance with the EU Market Abuse Regulation (Regulation (EU) 596/2014).
Investor Verification Checklist
- Verify the total number of treasury shares held (6,093,376) against the company's latest quarterly or annual report to confirm the 0.7% ownership stake.
- Confirm the remaining authorization limit for the share buyback program approved on May 27, 2021, to assess future repurchase capacity.
- Review the detailed trade breakdown on the ST investor relations website as referenced in the filing for granular transaction data.
- Check subsequent filings to determine if the buyback program has been completed or extended.