CMS Energy director granted 2,411 share RSU award

CMS Energy Corp director Deborah H. Butler reported a compensation-related equity grant rather than an open-market trade.

Rhea-AI Filing Summary

CMS Energy Corp director Deborah H. Butler reported a compensation-related equity grant rather than an open-market trade. She acquired 2,411 shares of Common Stock as Restricted Stock Units at a stated price of $0.00 per share, granted under CMS Energy Corporation's Performance Incentive Stock Plan and subject to vest at the next annual meeting date. Following this award and an adjustment for 1,056 additional shares from dividend reinvestment or equivalents tied to prior restricted stock awards, her direct holdings increased to 39,850 shares of CMS common stock.

Insider Trade Summary

Grant/Award: 2,411 shares

Grant/Award 1 txn

Insider Butler Deborah H

Role Director

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

Holdings After Transaction: Common Stock — 39,850 shares (Direct)

Footnotes (2)

1. F1. Grant of 2,411 shares of Restricted Stock Units pursuant to CMS Energy Corporation's Performance Incentive Stock Plan, and subject to vest at the next annual meeting date.
2. F2. The total holdings reflect an adjustment of 1,056 additional shares of Common Stock of CMS acquired as a result of dividend reinvestment or equivalents pursuant to the Restricted Stock awards granted in accordance with the provisions of the CMS Performance Incentive Stock Plan.

Key Figures

RSU grant size: 2,411 shares Grant price per share: $0.00 per share Holdings after transaction: 39,850 shares +2 more

5 metrics

RSU grant size 2,411 shares Restricted Stock Units granted to director Deborah H. Butler

Grant price per share $0.00 per share Stated value for RSU grant

Holdings after transaction 39,850 shares Total CMS common stock directly held after grant and adjustment

Dividend reinvestment adjustment 1,056 shares Additional CMS shares from dividend reinvestment or equivalents

Vesting timing Next annual meeting date RSUs subject to vesting schedule

Key Terms

Restricted Stock Units, Performance Incentive Stock Plan, dividend reinvestment

3 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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"

dividend reinvestment financial

"shares of Common Stock of CMS acquired as a result of dividend reinvestment or equivalents pursuant to the Restricted Stock awards"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

FAQ

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

What insider transaction did CMS (CMS) disclose for Deborah H. Butler?

CMS Energy disclosed that director Deborah H. Butler received a grant of 2,411 Restricted Stock Units. The award is part of the company’s Performance Incentive Stock Plan and represents compensation, not an open-market stock purchase or sale.

Was the CMS (CMS) insider transaction a stock purchase or sale?

The transaction was not a market purchase or sale. Deborah H. Butler acquired 2,411 shares through a grant of Restricted Stock Units valued at $0.00 per share as director compensation under CMS Energy’s incentive stock plan.

How many CMS (CMS) shares does Deborah H. Butler hold after the grant?

After the reported grant and dividend reinvestment adjustment, Deborah H. Butler directly holds 39,850 shares of CMS Energy common stock. This total reflects her updated position following the award of 2,411 Restricted Stock Units and 1,056 additional shares.

What plan governed the 2,411-share award reported by CMS (CMS)?

The 2,411-share award was granted pursuant to CMS Energy Corporation's Performance Incentive Stock Plan. The grant consists of Restricted Stock Units that are scheduled to vest at the next annual meeting date, aligning director compensation with shareholder interests.

What does the dividend reinvestment adjustment mean in the CMS (CMS) filing?

The filing notes an adjustment of 1,056 additional CMS shares acquired through dividend reinvestment or equivalents on prior restricted stock awards. This reflects automatic reinvestment features in the Performance Incentive Stock Plan rather than new discretionary buying by the director.

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

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Accepted by SEC EDGAR 05/11/2026 - 06:27 PM Learn about SEC filing dates

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^*

Butler Deborah H

(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	39,850	D(2)

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

2. The total holdings reflect an adjustment of 1,056 additional shares of Common Stock of CMS acquired as a result of dividend reinvestment or equivalents pursuant to the Restricted Stock awards granted in accordance with the provisions of the CMS Performance Incentive Stock Plan.

Remarks:

	Rhonda M. Morris, Attny-in-fact	05/11/2026
	** 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)