Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated February 22, 2022. 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 the disclosed activity is February 14, 2022, to February 18, 2022.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial results such as revenue or profit.
- Shares Repurchased: 315,568 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 12,378,408.65.
- Weighted Average Purchase Price: EUR 39.2258 per share.
- Treasury Shares Held: Following these transactions, the company holds 6,408,944 treasury shares, representing approximately 0.7% of issued share capital.
- Market: Euronext Paris (MIC code: XPAR).
Material Changes
The filing does not provide comparative financial data against prior periods. It reports a discrete set of transactions executed during the specified week. The total number of treasury shares increased to 6,408,944 following the period's activity.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, revenue outlook, or management commentary regarding future financial performance. It references the company's broader commitment to becoming carbon neutral by 2027. The filing notes that a full breakdown of individual trades is available on the company's investor relations website in compliance with the Market Abuse Regulation.
Investor Verification Checklist
- Verify the total cumulative amount spent on the share buyback program since its inception in July 2021.
- Confirm the remaining authorization limit for the share repurchase program approved on May 27, 2021.
- Review the full trade breakdown on the STMicroelectronics investor relations website for granular transaction data.
- Check subsequent filings for updates on the total treasury share count and any changes to the buyback program status.