Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated March 23, 2021. The report discloses transactions in the Company's own shares conducted under its previously announced share repurchase program. The specific reporting period for these transactions covers March 15, 2021, to March 19, 2021.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance metrics such as revenue or profit.
- Shares Repurchased: 275,731 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 8,389,894.98.
- Weighted Average Purchase Price: EUR 30.4278 per share.
- Treasury Shares Held: 9,822,188 shares (approximately 1.1% 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 reported is the reduction of outstanding shares and the increase in treasury stock holdings resulting from the buyback activity 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 31, 2018. 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 (9,822,188) against the Company's latest capital structure reports.
- Confirm the remaining authorization limit for the share repurchase program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website as referenced in the filing.
- Check subsequent filings for updates on the buyback program status or changes in treasury share counts.