CMS EVP Berry reports stock transactions

CMS Energy Corporation Executive Vice President & COO Tonya L. Berry reported routine stock transactions.

Rhea-AI Filing Summary

CMS Energy Corporation Executive Vice President & COO Tonya L. Berry reported routine stock transactions. On January 26, 2026, she acquired 230 shares of Common Stock at $0 after CMS exceeded performance criteria under a 2023 restricted stock award. The same day, a separate transaction coded F covered 2,993 shares at $71.53, leaving her with 49,936 Common Stock shares held directly. Her total holdings also reflect an additional 833 shares from dividend reinvestment or equivalents under the CMS Performance Incentive Stock Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Berry Tonya L

Role Executive Vice President & COO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	230	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,993	$71.53	$214K

Holdings After Transaction: Common Stock — 49,936 shares (Direct)

Footnotes (2)

1. F1. Shares of Common Stock of CMS Energy Corporation ("CMS") were acquired as a result of CMS exceeding certain performance criteria established under the 2023 Restricted Stock Award granted to the reporting person in accordance with the provisions of the CMS Performance Incentive Stock Plan.
2. F2. The total holdings reflect an adjustment of 833 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.

FAQ

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

What insider transactions did CMS (CMS) executive Tonya L. Berry report?

Tonya L. Berry reported two Common Stock transactions. She acquired 230 shares at $0 from a performance-based restricted stock award and reported a separate 2,993-share transaction coded F at $71.53, ending with 49,936 shares held directly.

How many CMS (CMS) shares does Tonya L. Berry own after the Form 4?

After the reported transactions, Tonya L. Berry directly owns 49,936 shares of CMS Common Stock. This figure reflects both the 230-share performance-based award and the 2,993-share F-coded transaction reported on January 26, 2026.

What is the nature of the 230-share CMS (CMS) award to Tonya L. Berry?

The 230 CMS shares were granted because the company exceeded performance criteria tied to a 2023 Restricted Stock Award. This award was made under the CMS Performance Incentive Stock Plan and was reported at a price of $0 per share.

What does the 2,993-share CMS (CMS) transaction at $71.53 represent?

The Form 4 shows a 2,993-share Common Stock transaction coded F at $71.53 on January 26, 2026. It is categorized as a non-derivative transaction, reported directly by Tonya L. Berry, and reduces her directly held balance to 49,936 shares.

How did dividend reinvestment affect Tonya L. Berry’s CMS (CMS) holdings?

Her total CMS holdings include an adjustment of 833 additional shares from dividend reinvestment or equivalents. These arose under restricted stock awards granted according to the CMS Performance Incentive Stock Plan and are reflected in her reported total ownership.

What role does the CMS Performance Incentive Stock Plan play in these CMS (CMS) transactions?

The CMS Performance Incentive Stock Plan governs both the 2023 performance-based restricted stock award and the dividend reinvestment equivalents. It led to the 230-share grant upon meeting performance criteria and the 833-share adjustment to Tonya L. Berry’s total holdings.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 01/28/2026 - 11:36 AM 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^*

Berry Tonya L

(Last) (First) (Middle)

ONE ENERGY PLAZA

(Street)

JACKSON MI 49201

(City) (State) (Zip)

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)
	Executive Vice President & COO

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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

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 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	01/26/2026		A		230(1)	A	$0	52,929(2)	D
Common Stock	01/26/2026		F		2,993	D	$71.53	49,936	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. Shares of Common Stock of CMS Energy Corporation ("CMS") were acquired as a result of CMS exceeding certain performance criteria established under the 2023 Restricted Stock Award granted to the reporting person in accordance with the provisions of the CMS Performance Incentive Stock Plan.

2. The total holdings reflect an adjustment of 833 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	01/28/2026
	** 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.
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