Millicom International Cellular CFO Files Form 3/A Disclosing Omitted Performance Cash Award Units

Overview

On October 13, 2026, Bart Kristof Vanhaeren, Chief Financial Officer of Millicom International Cellular SA ($TIGO), filed an amended initial statement of beneficial ownership (Form 3/A).

Filing Details

• Purpose: To report derivative holdings that were inadvertently omitted from the original Form 3 filing submitted on March 18, 2026.
• Reported Holdings: 6,944 Performance Cash Award Units (PCA Units), directly held, representing an equivalent number of underlying common shares.
• Award Mechanics: Granted under the issuer's 2025 Performance Cash Award Program, reflecting achievement of performance conditions at 173.41% of target. The PCA Units settle in cash based on common share market value and vest in equal installments on January 1, 2027, and January 1, 2028, subject to continuous service.

Market Impact & Significance

This filing represents an administrative correction rather than an open-market purchase or sale. Because no actual shares were traded or acquired in the open market, the transaction carries Low trading significance for investors.