Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated May 25, 2021. 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 17, 2021, to May 21, 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: 505,232 ordinary shares (0.06% of issued share capital).
- Total Cost: EUR 14,758,175.17.
- Weighted Average Purchase Price: EUR 29.2107 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: Following this period, the company holds 12,792,068 treasury shares, representing approximately 1.4% of issued share capital.
Material Changes
The filing does not provide comparative financial data or material changes regarding operating performance versus prior periods. The only reported change is the reduction of outstanding shares by 505,232 units during the specified week.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on market outlook, or discussion of risks and contingencies. It is a routine regulatory disclosure confirming compliance with the Market Abuse Regulation (EU) 596/2014 regarding the execution of the share buy-back program approved by shareholders on May 31, 2018.
Investor Verification Points
- Verify the total number of treasury shares held (12,792,068) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share repurchase program approved in 2018.
- Review the detailed trade breakdown on the company's investor website (investors.st.com/buyback-program) as referenced in the filing.
- Note that this filing does not contain quarterly or annual financial results; investors should refer to Form 20-F or quarterly press releases for operational metrics.