Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated August 23, 2021. The document serves as a disclosure of transactions in the company's own shares under its previously announced share repurchase program. The specific reporting period for these transactions covers August 16, 2021, to August 20, 2021.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance. Key metrics for the reporting period include:
- Shares Repurchased: 211,123 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 7,605,383.14.
- Weighted Average Purchase Price: EUR 36.0235 per share.
- Treasury Shares Held: Following these transactions, the company holds 8,434,475 treasury shares, representing approximately 0.9% of issued share capital.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
This filing reports incremental activity within an ongoing program approved by shareholders on May 27, 2021. There are no material changes to the company's business operations, financial position, or strategic direction disclosed in this specific document beyond the execution of the buyback.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly reports historical transaction data required under the Market Abuse Regulation (EU) 596/2014.
Investor Verification Checklist
- Verify the total number of treasury shares held (8,434,475) against the company's latest 20-F or quarterly report to confirm the 0.9% ownership stake.
- Confirm the remaining authorization limit for the share buyback program approved on May 27, 2021, to assess future repurchase capacity.
- Review the detailed trade breakdown on the ST investor website (investors.st.com/buyback-program) for granular transaction data.
- Check subsequent filings for updates on the buyback program status and any changes in the weighted average purchase price.