STMicroelectronics has repurchased 145,390 ordinary shares as part of its common share repurchase program. The shares were bought on the Euronext Paris exchange between June 29 and July 3 at a weighted average price of EUR 63.5445, totaling approximately EUR 9.24 million. The buyback program, approved by shareholders in May 2024, is intended to fulfill obligations related to employee share option plans and other corporate share allocations. The repurchased shares represent 0.02% of the company's total issued share capital and may be held in treasury until required for distribution.
STMicroelectronics N.V.Company repurchased shares, signaling capital allocation and support for stock price.