CMS Energy (NYSE: CMS) grants CFO 10,184 restricted stock shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MADDIPATI SRIKANTH reported acquisition or exercise transactions in this Form 4 filing.

CMS Energy Corporation EVP/CFO Srikant Maddipati received a grant of 10,184 shares of restricted common stock. The award was granted at no cash cost per share and is subject to a three-year cliff vesting schedule under CMS Energy's Performance Incentive Stock Plan. Following this compensation grant, his directly held common stock position increased to 34,695 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MADDIPATI SRIKANTH

Role EVP/CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,184	$0.00	--

Holdings After Transaction: Common Stock — 34,695 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 10,184 shares Grant price per share: $0.0000 per share Total shares after transaction: 34,695 shares +1 more

4 metrics

Restricted stock grant 10,184 shares Common Stock award to EVP/CFO on June 15, 2026

Grant price per share $0.0000 per share Non-cash restricted stock award

Total shares after transaction 34,695 shares Direct CMS Energy common stock held by EVP/CFO

Vesting schedule Three-year cliff vesting Restricted Stock under Performance Incentive Stock Plan

Key Terms

Restricted Stock, Performance Incentive Stock Plan, three-year "cliff" vesting schedule, Grant, award, or other acquisition

4 terms

Restricted Stock financial

"Restricted Stock granted by CMS Energy Corporation ("CMS") pursuant to CMS' 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

"Restricted Stock granted by CMS Energy Corporation ("CMS") pursuant to CMS' Performance Incentive Stock Plan"

three-year "cliff" vesting schedule financial

"pursuant to CMS' Performance Incentive Stock Plan and subject to a three-year "cliff" vesting schedule"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

06/16/2026 - 01:51 PM

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^*

MADDIPATI SRIKANTH

(Last)

(First)

(Middle)

1 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2026		A		10,184⁽¹⁾	A	$0	34,695	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted Stock granted by CMS Energy Corporation ("CMS") pursuant to CMS' Performance Incentive Stock Plan and subject to a three-year "cliff" vesting schedule.

Remarks:

	Rhonda M. Morris, Attny-in-fact	06/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did CMS (CMS) disclose about EVP/CFO Srikant Maddipati in this Form 4?

CMS reported that EVP/CFO Srikant Maddipati received 10,184 shares of restricted common stock as a compensation grant. The shares were awarded at no cash cost and are subject to a three-year cliff vesting schedule under the company’s Performance Incentive Stock Plan.

How many CMS (CMS) shares did EVP/CFO Maddipati acquire in this transaction?

EVP/CFO Srikant Maddipati acquired 10,184 shares of CMS Energy common stock through a restricted stock award. This is a non-cash grant classified as a compensation-related acquisition rather than an open-market purchase, increasing his directly held share position reported in the filing.

What is EVP/CFO Maddipati’s total direct CMS (CMS) shareholding after the grant?

After receiving the restricted stock grant, EVP/CFO Srikant Maddipati directly holds 34,695 shares of CMS Energy common stock. This total reflects the newly awarded 10,184 restricted shares added to his prior direct holdings, as reported in the Form 4 insider transaction details.

Was the CMS (CMS) insider transaction a market purchase or a compensation grant?

The insider transaction was a compensation grant, not a market purchase. The Form 4 classifies it as a grant or award acquisition with a transaction price of $0.0000 per share, reflecting restricted stock issued under CMS Energy’s Performance Incentive Stock Plan to EVP/CFO Srikant Maddipati.

What vesting terms apply to the new CMS (CMS) restricted stock award?

The restricted stock granted to EVP/CFO Srikant Maddipati is subject to a three-year cliff vesting schedule. Under this structure, none of the 10,184 shares vest gradually; instead, all vest together after three years, assuming the award’s conditions continue to be satisfied during that period.

Does the CMS (CMS) Form 4 mention any derivatives or option exercises for Maddipati?

The Form 4 does not report any derivative or option exercises for EVP/CFO Srikant Maddipati. It shows a single non-derivative transaction: a grant of 10,184 restricted shares of common stock, with no accompanying derivative positions listed in the derivative summary section of the filing.