Ralph Izzo of CMS Energy (NYSE: CMS) granted 2,411 RSUs, now holds 10,779 shares

Rhea-AI Filing Summary

IZZO RALPH reported acquisition or exercise transactions in this Form 4 filing.

CMS Energy Corp director Ralph Izzo received a grant of 2,411 shares of common stock as Restricted Stock Units. The award was granted at no cash cost under CMS Energy's Performance Incentive Stock Plan and is scheduled to vest at the next annual meeting date. Following this grant and an adjustment of 246 additional shares from dividend reinvestment related to prior restricted stock awards, Izzo now holds 10,779 shares of CMS Energy common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider IZZO RALPH

Role null

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

Holdings After Transaction: Common Stock — 10,779 shares (Direct, null)

Footnotes (1)

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. The total holdings reflect an adjustment of 246 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: 2,411 shares Grant price: $0.0000 per share Total holdings after grant: 10,779 shares +1 more

4 metrics

RSU grant 2,411 shares Restricted Stock Units granted to Ralph Izzo

Grant price $0.0000 per share Reported transaction price for RSU grant

Total holdings after grant 10,779 shares CMS Energy common stock held directly after transaction

Dividend reinvestment adjustment 246 shares Additional shares from dividend reinvestment on prior restricted awards

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

"246 additional shares of Common Stock of CMS acquired as a result of dividend reinvestment or equivalents"

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.

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^*

IZZO RALPH

(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	10,779	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 246 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)

FAQ

What insider transaction did CMS (CMS) report for Ralph Izzo?

CMS Energy reported that director Ralph Izzo received 2,411 shares of common stock as a Restricted Stock Unit grant. The award was issued under the company’s Performance Incentive Stock Plan and increased his direct holdings of CMS Energy common stock.

How many CMS (CMS) shares did Ralph Izzo receive in this Form 4 filing?

Ralph Izzo received 2,411 shares of CMS Energy common stock through a Restricted Stock Unit grant. These units were awarded as part of the company’s Performance Incentive Stock Plan and are scheduled to vest at the next annual meeting date.

Did Ralph Izzo pay cash for the 2,411 CMS (CMS) shares reported?

No, Ralph Izzo did not pay cash for these shares. The 2,411 CMS Energy shares were granted at a reported price of $0.0000 per share as Restricted Stock Units under the company’s Performance Incentive Stock Plan.

When will Ralph Izzo’s new CMS (CMS) Restricted Stock Units vest?

The 2,411 Restricted Stock Units granted to Ralph Izzo are subject to vesting at the next annual meeting date. Vesting means the units convert into common shares that he fully owns, consistent with CMS Energy’s Performance Incentive Stock Plan terms.

What are Ralph Izzo’s total CMS (CMS) share holdings after this transaction?

After this transaction, Ralph Izzo holds 10,779 shares of CMS Energy common stock directly. This total reflects the new 2,411-share Restricted Stock Unit grant and an adjustment of 246 additional shares from dividend reinvestment linked to prior restricted stock awards.

What is the 246-share adjustment mentioned in the CMS (CMS) Form 4?

The 246 additional CMS Energy shares represent common stock acquired through dividend reinvestment or equivalents. These were credited under prior restricted stock awards granted pursuant to the CMS Performance Incentive Stock Plan and are now included in Ralph Izzo’s reported total holdings.