Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. covers the period from April 3, 2023, to April 6, 2023. The document discloses transactions in the company's own shares as part of a previously announced share buy-back program approved by shareholders on May 27, 2021.
Key Financial Metrics
The filing details specific share repurchase activity rather than general operating financials. Key metrics for the reporting period include:
- Total Shares Repurchased: 197,842 ordinary shares (0.02% of issued share capital).
- Weighted Average Purchase Price: EUR 47.4100 per share.
- Total Amount Paid: EUR 9,379,680.68.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Share Holdings: Following these transactions, the company holds 9,448,355 treasury shares, representing approximately 1.0% of issued share capital.
Revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this filing.
Material Changes
The filing does not report material changes to the company's financial position or operations compared to prior periods. It solely reports the execution of share buybacks for the specified four-day window. The purpose of these transactions was to meet obligations arising from share option programs or other allocations to employees and management bodies.
Guidance, Outlook, and Risks
This filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. The shares repurchased may be held in treasury for employee programs or used for other lawful purposes under the Market Abuse Regulation if not needed for such allocations.
Investor Verification Checklist
- Verify the total number of treasury shares held (9,448,355) against the company's latest 20-F or quarterly report to confirm the 1.0% ownership stake.
- Confirm the remaining authorization limit of the share buy-back program approved in May 2021.
- Review the detailed trade breakdown on the company's investor website (https://investors.st.com/stock-and-bond-information/share-buyback) for granular transaction data.
- Check subsequent filings for updates on the utilization of treasury shares for employee option programs.