Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated April 11, 2022. The document serves as a disclosure of transactions in the company's own shares under a previously announced share buy-back program. The specific reporting period for the disclosed transactions is April 4, 2022, to April 8, 2022.
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: 268,803 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 9,845,665.03.
- Weighted Average Purchase Price: EUR 36.6278 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held Post-Transaction: 6,908,663 shares (approximately 0.8% of issued share capital).
Material Changes
The filing does not provide comparative financial data against prior periods. The material change disclosed is the reduction of outstanding shares by 268,803 units and the increase in treasury stock holdings to 6,908,663 shares following the transactions in the first week of April 2022.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future earnings or market conditions. It references the company's broader commitment to becoming carbon neutral by 2027 and its role as a global semiconductor leader. The disclosure is made in compliance with the Market Abuse Regulation (EU) 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Investor Verification Checklist
- Verify the total number of treasury shares held (6,908,663) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buy-back program approved on May 27, 2021.
- Review the detailed trade breakdown on the ST investor website (investors.st.com/buyback-program) for granular transaction data.
- Note that this filing does not contain quarterly or annual financial performance data; refer to Form 20-F or quarterly press releases for revenue and profit metrics.