Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated September 19, 2022. The report discloses transactions in the Company's own shares conducted under its previously announced share buy-back program. The specific reporting period for these transactions covers September 12, 2022, to September 16, 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, debt, or liquidity.
- Shares Repurchased: 149,092 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 5,395,136.58.
- Weighted Average Price: EUR 36.1866 per share.
- Trading Venue: Euronext Paris (XPAR).
- Treasury Shares Held: 4,738,429 shares (approximately 0.5% of issued share capital) following these transactions.
Material Changes
The filing does not provide comparative data against prior periods to assess material changes in financial performance. The only change reported is the incremental increase in treasury shares held by the Company during the specified week.
Guidance, Outlook, and Risks
The document contains no financial guidance, outlook, or management commentary regarding future earnings or market conditions. It references the Company's commitment to becoming carbon neutral by 2027 in the "About STMicroelectronics" section. No specific risks or contingencies related to the buyback program are disclosed beyond standard regulatory compliance references.
Investor Verification Checklist
- Verify the total number of treasury shares held (4,738,429) against the Company's latest quarterly or annual report to confirm the 0.5% ownership stake.
- Confirm the remaining authorization limit for the share buy-back program approved on May 27, 2021, to assess future repurchase capacity.
- Review the detailed trade breakdown on the ST website (investors.st.com/buyback-program) as referenced in the filing for granular transaction data.
- Check subsequent filings for updates on the buy-back program status and any changes in the weighted average purchase price.