Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated November 15, 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 the disclosed activity is November 8, 2021, to November 12, 2021.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not report operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity.
- Shares Repurchased: 216,792 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 9,588,403.55.
- Weighted Average Purchase Price: EUR 44.2286 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Total Treasury Shares Held: 4,255,029 shares (approximately 0.5% of issued share capital) following this period.
Material Changes
The filing does not provide comparative data against prior periods to assess material changes in financial performance. The only change reported is the incremental increase in treasury shares held by the company during the five-day trading window.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies. It is a routine regulatory disclosure confirming compliance with the Market Abuse Regulation (EU) 596/2014 regarding the execution of the buyback program approved by shareholders on May 27, 2021.
Investor Verification Points
- Verify the total number of treasury shares held (4,255,029) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buyback program approved in May 2021.
- Review the detailed trade breakdown on the company's investor website (investors.st.com) for granular transaction data.
- Note that this filing does not contain quarterly or annual financial results; investors should refer to Form 20-F or quarterly press releases for operational metrics.