Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated April 26, 2021. The report discloses transactions in the Company's own shares conducted under its previously announced share repurchase program. The specific reporting period for these transactions covers April 19, 2021, to April 23, 2021.
Key Financial Metrics
The filing details the execution of share buybacks rather than operational financial results. Key metrics for the reporting period include:
- Total Shares Repurchased: 442,451 ordinary shares (0.05% of issued share capital).
- Weighted Average Purchase Price: EUR 31.6619 per share.
- Total Amount Paid: EUR 14,008,820.30.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: Following these transactions, the Company holds 10,956,324 treasury shares, representing approximately 1.2% of issued share capital.
The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
This filing reports a specific reduction in outstanding shares through the buyback program. The document does not provide comparative data against a prior period to quantify material changes in financial performance or share count trends beyond the current transaction details.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies. It strictly serves as a regulatory disclosure of share repurchase activity in compliance with the Market Abuse Regulation (EU) 596/2014. The Company notes that a full breakdown of individual trades is available on its investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (10,956,324) against the Company's latest capital structure filings.
- Confirm the remaining authorization limit for the share repurchase program approved on May 31, 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website for granular transaction data.
- Check subsequent filings for updates on the buyback program status or completion.