STOCK TITAN

Millicom CFO adds omitted share-linked cash award

The award’s installments are subject to continued employment, and its performance conditions reflect 173.41% of target.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
3/A

Rhea-AI Filing Summary

Millicom International Cellular SA (TIGO) amended its Form 3 to report CFO Bart Kristof Vanhaeren’s previously omitted Performance Cash Award Units, associated with 6,944 underlying common shares. Each unit represents a cash equivalent based on a common share’s closing price and any dividends since the grant date. The award reflects performance conditions at 173.41% of target and will vest in substantially equal installments on January 1, 2027 and January 1, 2028, subject to continued employment with the issuer or its subsidiaries.

Insider Vanhaeren Bart Kristof
Role Chief Financial Officer
Type Security Shares Price Value
holding Performance Cash Award Units F1 -- -- --
Holdings After Transaction: Performance Cash Award Units — 6,944 contracts (Direct)
Footnotes (1)
  1. F1. Each Performance Cash Award Unit ("PCA Unit") represents the cash equivalent of the closing price of one common share on the last trading day preceding the vesting date, plus any dividends paid on the common share, if any, since the grant date. The PCA Units were granted under the issuer's 2025 Performance Cash Award Program and reflect achievement of performance conditions at 173.41% of target. The PCA Units will vest in substantially equal installments on each of January 1, 2027 and January 1, 2028, subject to continued employment with the issuer or its subsidiaries. The PCA Units were inadvertently omitted from the reporting person's original Form 3 filing.
Underlying common shares 6,944 shares Associated with the reported Performance Cash Award Units
Performance conditions 173.41% of target Performance Cash Award Program
Scheduled vesting dates January 1, 2027 and January 1, 2028 Substantially equal installments, subject to continued employment
Performance Cash Award Unit financial
"Each Performance Cash Award Unit ("PCA Unit")"
PCA Unit financial
"Each Performance Cash Award Unit ("PCA Unit")"
substantially equal installments financial
"will vest in substantially equal installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How are TIGO’s Performance Cash Award Units valued?

Each unit represents the cash equivalent of the closing price of one common share on the last trading day preceding the vesting date, plus any dividends paid on the common share, if any, since the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Vanhaeren Bart Kristof

(Last)(First)(Middle)
DORAL CONCOURSE
8400 NW 36TH STREET, SUITE 530

(Street)
DORAL FLORIDA 33166

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
MILLICOM INTERNATIONAL CELLULAR SA [ TIGO ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Cash Award Units (1) (1)Common Shares6,944(1)D
Explanation of Responses:
1. Each Performance Cash Award Unit ("PCA Unit") represents the cash equivalent of the closing price of one common share on the last trading day preceding the vesting date, plus any dividends paid on the common share, if any, since the grant date. The PCA Units were granted under the issuer's 2025 Performance Cash Award Program and reflect achievement of performance conditions at 173.41% of target. The PCA Units will vest in substantially equal installments on each of January 1, 2027 and January 1, 2028, subject to continued employment with the issuer or its subsidiaries. The PCA Units were inadvertently omitted from the reporting person's original Form 3 filing.
/s/ Bart Vanhaeren10/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Keep reading