Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated June 1, 2021. The report discloses transactions in the company's own shares conducted between May 24, 2021, and May 28, 2021, as part of a previously announced share repurchase program approved by shareholders in May 2018.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not report revenue, profit, cash flow, margins, debt, or liquidity metrics.
- Shares Repurchased: 477,778 ordinary shares (0.05% of issued share capital).
- Total Cost: EUR 14,405,437.85.
- Weighted Average Price: EUR 30.1509 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: 13,269,846 shares (approximately 1.5% of issued share capital) following these transactions.
Material Changes
The filing does not provide comparative financial data or material changes in operating performance versus prior periods. The primary change reported is the reduction of outstanding shares through the repurchase of 477,778 shares during the specified week.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or discussion of specific risks and contingencies. It serves strictly as a regulatory disclosure of share buyback execution in compliance with the Market Abuse Regulation (EU) 596/2014.
Investor Verification Checklist
- Verify the total number of treasury shares held (13,269,846) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buyback program approved in May 2018.
- Review the detailed trade breakdown on the company's investor relations website as referenced in the filing.
- Check subsequent filings for updates on the buyback program status or completion.