Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated December 6, 2021. 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 these transactions is November 29, 2021, to December 3, 2021.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance metrics such as revenue or profit.
- Shares Repurchased: 125,670 ordinary shares (0.01% of issued share capital).
- Total Cost: EUR 5,331,837.65.
- Weighted Average Purchase Price: EUR 42.4273 per share.
- Treasury Shares Held: 4,726,329 shares (approximately 0.5% of issued share capital) following these transactions.
- Trading Venue: Euronext Paris (MIC code: XPAR).
Material Changes
The filing does not provide comparative financial data against prior periods. The material change disclosed is the incremental increase in treasury shares held by the company due to the repurchase of 125,670 shares during the specified week.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on operational outlook, or discussion of specific risks and contingencies. It strictly reports on the execution of the share buyback program approved by shareholders on May 27, 2021. The filing notes that a full breakdown of individual trades is available on the company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (4,726,329) against the company's latest quarterly or annual report to confirm the 0.5% ownership stake.
- Confirm the remaining authorization limit of the share buyback program approved in May 2021 to assess future repurchase capacity.
- Review the detailed trade breakdown on the STMicroelectronics investor website as referenced in the filing.
- Check the weighted average purchase price (EUR 42.4273) against the market price of STM on Euronext Paris during the period of November 29 to December 3, 2021.