Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM), dated November 3, 2021, discloses the status of the Company's common share repurchase program. The filing aggregates five press releases covering share buyback activities conducted on the Euronext Paris regulated market between September 27, 2021, and October 29, 2021. The program was originally approved by shareholders on May 27, 2021.
Key Financial Metrics: Share Repurchase Activity
The filing details specific capital allocation activities rather than operational financial results. The following table summarizes the repurchase transactions across the five reporting periods:
| Reporting Period | Shares Purchased | Weighted Avg. Price (EUR) | Total Amount Paid (EUR) | Treasury Shares Held Post-Period |
|---|---|---|---|---|
| Sep 27 - Oct 1, 2021 | 31,587 | 37.94 | 1,198,462.66 | 2,963,850 (0.3% of capital) |
| Oct 4 - Oct 8, 2021 | 213,678 | 36.44 | 7,785,354.38 | 3,177,720 (0.3% of capital) |
| Oct 11 - Oct 15, 2021 | 224,917 | 35.95 | 8,086,074.76 | 3,402,637 (0.4% of capital) |
| Oct 18 - Oct 22, 2021 | 213,514 | 37.07 | 7,914,349.67 | 3,616,151 (0.4% of capital) |
| Oct 25 - Oct 29, 2021 | 211,043 | 39.27 | 8,287,385.61 | 3,827,194 (0.4% of capital) |
| Total for Filing Period | 894,739 | ~37.50 | 33,271,627.08 | 3,827,194 |
Note: The filing does not provide data on revenue, profit, cash flow, operating margins, debt levels, or liquidity positions. These metrics are not included in this specific disclosure.
Material Changes
The primary material change reported is the reduction of outstanding share capital through the acquisition of treasury shares. Over the five-week period, the Company increased its treasury share holdings from approximately 2.96 million to 3.83 million shares. The weighted average purchase price fluctuated between EUR 35.95 and EUR 39.27 per share during this timeframe.
Guidance, Outlook, and Risks
This filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of specific risks and contingencies. The document strictly serves as a regulatory disclosure of past transactions in accordance with the Market Abuse Regulation (EU) 596/2014. The Company refers investors to its website for a full breakdown of individual trades.
Investor Verification Checklist
- Treasury Share Count: Verify the final treasury share count of 3,827,194 (approx. 0.4% of issued capital) against the Company's latest quarterly or annual report.
- Program Authorization: Confirm the remaining authorization limit of the share buyback program approved on May 27, 2021, to assess future repurchase capacity.
- Market Execution: Note that all transactions were executed on the Euronext Paris market (MIC code: XPAR).
- Operational Data: Recognize that this filing does not contain operational financial results; refer to the most recent Form 20-F or quarterly earnings release for revenue and earnings data.