Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated September 26, 2022. 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 these transactions is September 19, 2022, to September 23, 2022.
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, or debt levels.
- Shares Repurchased: 182,119 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 6,396,626.01.
- Weighted Average Purchase Price: EUR 35.1233 per share.
- Market: Euronext Paris (XPAR).
- Treasury Shares Held Post-Transaction: 4,920,548 shares (approximately 0.5% of issued share capital).
Material Changes
The filing does not provide comparative data against prior periods to determine material changes in financial performance. The only change reported is the reduction of outstanding shares and the increase in treasury stock holdings resulting from the specific buyback activity during the week of September 19-23, 2022.
Guidance, Outlook, and Risks
This document contains no financial guidance, forward-looking outlook, or management commentary regarding future business performance. It references the company's broader commitment to becoming carbon neutral by 2027 but does not detail specific risks or contingencies related to the buyback program.
Investor Verification Checklist
- Verify the total number of treasury shares held (4,920,548) against the company's latest quarterly or annual report to confirm the percentage of issued share capital.
- Confirm the remaining authorization limit for the share repurchase program approved on May 27, 2021, to assess future buyback capacity.
- Review the detailed trade breakdown on the ST investor website (https://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.