CMS Energy (NYSE: CMS) director awarded 2,411 restricted shares

Rhea-AI Filing Summary

Wright Laura reported acquisition or exercise transactions in this Form 4 filing.

CMS Energy director Laura Wright received a grant of 2,411 shares of Common Stock as Restricted Stock under CMS Energy Corporation's Performance Incentive Stock Plan. The award carries no cash purchase price and is scheduled to vest at the next annual meeting date. After this grant, Wright directly owns 43,623 CMS Energy common shares. This is a compensation-related equity award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wright Laura

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,411	$0.00	--

Holdings After Transaction: Common Stock — 43,623 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted Stock grant: 2,411 shares Grant price: $0.00 per share Shares owned after grant: 43,623 shares

3 metrics

Restricted Stock grant 2,411 shares Grant of Restricted Stock to director Laura Wright

Grant price $0.00 per share Stated price for the Restricted Stock award

Shares owned after grant 43,623 shares Total direct CMS Energy common shares after transaction

Key Terms

Restricted Stock, Performance Incentive Stock Plan, Form 4

3 terms

Restricted Stock financial

"Grant of 2,411 shares of Restricted Stock pursuant to CMS Energy Corporation's Performance Incentive Stock Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Performance Incentive Stock Plan financial

"pursuant to CMS Energy Corporation's Performance Incentive Stock Plan, and subject to vest at the next annual meeting date"

Form 4 regulatory

"INSIDER FILING DATA (Form 4): { "issuerName": "CMS ENERGY CORP""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wright Laura

(Last) (First) (Middle)

ONE ENERGY PLAZA

(Street)

JACKSON MICHIGAN 49201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CMS ENERGY CORP [ CMS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/08/2026		A		2,411(1)	A	$0	43,623	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of 2,411 shares of Restricted Stock pursuant to CMS Energy Corporation's Performance Incentive Stock Plan, and subject to vest at the next annual meeting date.

Remarks:

	Rhonda M. Morris, Attny-in-Fact	05/12/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did CMS (CMS) report for director Laura Wright?

CMS Energy reported that director Laura Wright received a grant of 2,411 shares of Restricted Stock. The award was made under the company’s Performance Incentive Stock Plan and represents equity-based compensation, not an open-market stock purchase or sale.

How many CMS Energy (CMS) shares were granted to Laura Wright and at what price?

Laura Wright was granted 2,411 shares of CMS Energy Common Stock at a stated price of $0.00 per share. This reflects a compensation grant of Restricted Stock rather than a cash-funded stock purchase in the open market.

When will Laura Wright’s CMS (CMS) restricted stock grant vest?

The 2,411-share Restricted Stock grant to Laura Wright is subject to vesting at the next annual meeting date. Until vesting, the award remains restricted equity under the CMS Energy Corporation Performance Incentive Stock Plan.

How many CMS Energy (CMS) shares does Laura Wright hold after this Form 4 transaction?

Following the 2,411-share Restricted Stock grant, Laura Wright directly holds 43,623 shares of CMS Energy Common Stock. This figure reflects her total direct ownership reported after the award in the Form 4 filing data.

Was Laura Wright’s CMS (CMS) transaction an open-market buy or sell?

No. The Form 4 shows a grant coded as an acquisition (A) of 2,411 Restricted Stock shares at $0.00 per share. This is an equity compensation award, not an open-market purchase or sale of CMS Energy stock.