CMS (CMS) SVP Lauren Snyder reports stock grant and tax share withholding

Rhea-AI Filing Summary

CMS Energy Senior Vice President Lauren Y. Snyder reported routine stock-based compensation activity involving CMS common stock. On January 26, 2026, she acquired 77 shares of common stock at $0 per share, earned because CMS exceeded performance criteria under a 2023 restricted stock award.

On the same date, 747 shares were withheld at $71.53 per share, a transaction typically used to cover tax obligations, leaving her with 12,900 shares of CMS common stock held directly. Her total holdings also reflect an additional 58 shares previously credited through dividend reinvestment under the company’s performance incentive stock plan.

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

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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^*

Snyder Lauren Y

(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)
	Senior Vice President

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		77(1)	A	$0	13,647(2)	D
Common Stock	01/26/2026		F		747	D	$71.53	12,900	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 58 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.
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.

FAQ

What insider transactions did CMS (CMS) executive Lauren Y. Snyder report?

Lauren Y. Snyder reported acquiring 77 CMS common shares at $0 per share and a withholding of 747 shares at $71.53 per share, resulting in 12,900 CMS shares held directly after the transactions.

Why did Lauren Y. Snyder receive 77 CMS (CMS) shares for no cash payment?

She received 77 CMS shares at no cost because CMS exceeded performance criteria tied to her 2023 restricted stock award, granted under the CMS Performance Incentive Stock Plan that rewards executives when preset performance goals are achieved.

What does the Form 4 transaction code A mean in the CMS (CMS) filing?

Transaction code A indicates an acquisition of shares. In this CMS filing, it reflects 77 CMS common shares granted to Lauren Y. Snyder as performance-based stock compensation under the company’s 2023 restricted stock award program.

What does the Form 4 transaction code F represent for CMS (CMS) stock?

Transaction code F denotes shares withheld, usually to cover taxes on vesting or awards. Here, 747 CMS common shares were withheld from Lauren Y. Snyder at $71.53 per share in connection with her stock-based compensation.

How many CMS (CMS) shares does Lauren Y. Snyder own after these transactions?

Following the reported transactions, Lauren Y. Snyder directly holds 12,900 CMS common shares. This balance incorporates her performance-based grant, tax-withholding share reduction, and prior adjustments from dividend reinvestment under restricted stock awards.

How did dividend reinvestment affect Lauren Y. Snyder’s CMS (CMS) holdings?

Her total CMS holdings include an adjustment of 58 additional shares, acquired through dividend reinvestment or equivalents tied to restricted stock awards, as provided under the CMS Performance Incentive Stock Plan for reinvesting dividend value into extra shares.