Millicom CEO holds cash awards tied to 33,730 shares

The awards will vest in substantially equal installments on January 1, 2027 and January 1, 2028, subject to continued employment.

This filing corrects an earlier one, and you can read the original Form 3 if you want to see what changed.

Rhea-AI Filing Summary

Millicom International Cellular SA (TIGO) reports that Chief Executive Officer Marcelo Benitez holds Performance Cash Award Units tied to 33,730 underlying common shares. The units reflect achievement of performance conditions at 173.41% of target under the 2025 Performance Cash Award Program; they were inadvertently omitted from his original Form 3.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Benitez Marcelo

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Performance Cash Award Units F1	--	--	--

Holdings After Transaction: Performance Cash Award Units — 33,730 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.

Key Figures

Underlying common shares: 33,730 shares Performance conditions: 173.41% of target First vesting date: January 1, 2027 +1 more

4 metrics

Underlying common shares 33,730 shares Underlying share count associated with the reported Performance Cash Award Units

Performance conditions 173.41% of target Achievement reflected in the Performance Cash Award Units

First vesting date January 1, 2027 Substantially equal vesting installment, subject to continued employment

Second vesting date January 1, 2028 Substantially equal vesting installment, subject to continued employment

Key Terms

Performance Cash Award Unit, cash equivalent, performance conditions

3 terms

Performance Cash Award Unit financial

"Each Performance Cash Award Unit ("PCA Unit") represents the cash equivalent"

cash equivalent financial

"represents the cash equivalent of the closing price"

performance conditions financial

"reflect achievement of performance conditions at 173.41% of target"

FAQ

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

How do TIGO Performance Cash Award Units work and when do they vest?

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 share since the grant date. The units vest in substantially equal installments on January 1, 2027 and January 1, 2028, subject to continued employment with Millicom International Cellular SA or its subsidiaries.

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

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/13/2026 - 04:13 PM EDT Accepted by SEC EDGAR 10/13/2026 - 04:13 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED 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^*

Benitez Marcelo

(Last) (First) (Middle)

C/O MILLICOM INTERNATIONAL CELLULAR S.A.

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Cash Award Units	(1)	(1)	Common Shares	33,730	(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/ Marcelo Benitez	10/13/2026
	** Signature of Reporting Person	Date
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)