- STMicroelectronics (STM, Financial) repurchased 537,000 shares, equivalent to 0.06% of its issued share capital.
- The total cost of the repurchase was EUR 9,156,599.80, with an average price of EUR 17.0514 per share.
- The buyback program supports employee share-based compensation obligations.
STMicroelectronics (STM) has successfully completed a share repurchase activity between April 7 and April 11, 2025, acquiring a total of 537,000 ordinary shares. This repurchase represents approximately 0.06% of the company's issued share capital and was conducted at a weighted average price of EUR 17.0514 per share, amounting to a total expenditure of EUR 9,156,599.80.
Approved by shareholders on May 22, 2024, and later authorized by the supervisory board, the buyback program is primarily focused on meeting the company's obligations from share option programs and other allocations intended for employees or management. These shares are currently held in treasury, increasing the treasury stock to 17,941,448 shares, which accounts for about 2.0% of STM's issued share capital.
Transactions were executed on Euronext Paris, with daily purchase volumes varying between 74,000 and 159,000 shares, priced between EUR 16.50 and EUR 17.85 per share. This strategic move highlights STMicroelectronics' commitment to managing capital responsibly while supporting its employee retention efforts through share-based compensation. The overall financial impact is considered minimal, given the company's substantial market capitalization of USD 19.3 billion. This buyback marks a routine continuation of the program announced in June 2024, demonstrating consistent execution and alignment with previously communicated plans.
