Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated July 26, 2021. 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 these transactions covers July 19, 2021, to July 23, 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 for the period.
- Shares Repurchased: 257,310 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 8,233,708.72.
- Weighted Average Purchase Price: EUR 31.9992 per share.
- Trading Venue: Euronext Paris (XPAR).
- Treasury Shares Held: Following these transactions, the company holds 8,743,339 treasury shares, representing approximately 1.0% of issued share capital.
Material Changes
The filing details a specific tranche of buyback activity executed between July 19 and July 23, 2021. The weighted average purchase price per share increased daily throughout the period, ranging from EUR 31.2392 on July 19 to EUR 32.9881 on July 23. No other material changes to financial position or operations are disclosed in this document.
Guidance, Outlook, and Risks
This filing contains no financial guidance, forward-looking outlook, management commentary on operational performance, or discussion of risks and contingencies. It is a regulatory disclosure required under the Market Abuse Regulation (EU) 596/2014 regarding the execution of the share buyback program approved by shareholders on May 27, 2021.
Investor Verification Points
- Verify the total number of treasury shares held (8,743,339) against the company's latest capital structure reports.
- Confirm the remaining authorization amount for the share repurchase program, as this filing only covers a specific 5-day window.
- Review the full breakdown of individual trades on the company's investor relations website as referenced in the filing.
- Note that this document does not contain quarterly or annual financial results; investors should refer to Form 20-F or quarterly press releases for operational metrics.