CHURCHILL BRUCE 4

What Happened Bruce Churchill, a director of Millicom International Cellular SA (TIGO), was granted 1,420 shares on 2026-05-20 (award reported at $0.00). On the same date 284 shares were reported as disposed at $73.92 each for a total value of $20,993. A filing footnote clarifies that the 284-share disposition was a withholding by the issuer to satisfy tax obligations related to the award — not an independent open-market sale.

Key Details

• Transaction date: 2026-05-20. Form filed 2026-07-06 (late filing; more than a month after the transaction).
• Award: 1,420 shares (reported acquisition price $0.00 in the Form 4).
• Withholding: 284 shares withheld/disposed at $73.92/share → $20,993; footnote F1 states the issuer withheld these shares solely to satisfy taxes and the $73.92 price was the value used for withholding.
• Shares owned after transaction: Not disclosed in this Form 4.
• Transaction codes: A = Award/Grant; S = Sale/Disposition; F (footnote) = tax withholding.

Context This filing documents an equity award with routine tax-withholding rather than a discretionary sale. Tax-withholdings are common when awards vest and do not necessarily signal insider sentiment. Note the Form 4 was filed late, which reduces timely transparency for investors but does not change the underlying nature of the transactions described.