CMS Energy SVP receives stock award, pays taxes

CMS Energy Corp Senior Vice President Lauren Y. Snyder received a grant of 674 shares of Common Stock on March 26, 2026 as a performance-based Restricted Stock Award under the 2023 plan.

Rhea-AI Filing Summary

CMS Energy Corp Senior Vice President Lauren Y. Snyder received a grant of 674 shares of Common Stock on March 26, 2026 as a performance-based Restricted Stock Award under the 2023 plan. On the same date, 574 shares were withheld at $76.33 per share to cover tax obligations. After these entries and 70 additional shares from dividend reinvestment, she directly holds 16,596 CMS shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Snyder Lauren Y

Role Senior Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	674	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	574	$76.33	$44K

Holdings After Transaction: Common Stock — 16,596 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 70 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

Restricted Stock Award shares: 674 shares Tax-withheld shares: 574 shares at $76.33/share Shares held after transactions: 16,596 shares +1 more

4 metrics

Restricted Stock Award shares 674 shares Performance-based award granted March 26, 2026

Tax-withheld shares 574 shares at $76.33/share Shares withheld to cover tax liability on March 26, 2026

Shares held after transactions 16,596 shares Direct CMS common stock holdings after award and withholding

Dividend reinvestment adjustment 70 shares Additional CMS shares from dividend reinvestment or equivalents

Key Terms

Restricted Stock Award, CMS Performance Incentive Stock Plan, dividend reinvestment, tax liability by delivering securities

4 terms

Restricted Stock Award financial

"Shares of Common Stock of CMS were acquired as a result of CMS exceeding certain performance criteria established under the 2023 Restricted Stock Award"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

CMS Performance Incentive Stock Plan financial

"granted to the reporting person in accordance with the provisions of the CMS Performance Incentive Stock Plan"

dividend reinvestment financial

"70 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.

tax liability by delivering securities financial

"Payment of exercise price or tax liability by delivering securities"

FAQ

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

What did CMS (CMS) executive Lauren Y. Snyder report in this Form 4?

Lauren Y. Snyder reported receiving 674 CMS common shares as a performance-based Restricted Stock Award, with 574 shares withheld at $76.33 per share to satisfy tax obligations, resulting in direct ownership of 16,596 shares after including 70 dividend reinvestment shares.

Was Lauren Y. Snyder’s CMS (CMS) transaction an open-market stock purchase or sale?

The filing shows no open-market purchase or sale. Snyder received 674 CMS shares as a compensation-related stock award and 574 shares were withheld by the company solely to cover tax liabilities, a non-market transaction that does not reflect discretionary buying or selling activity.

How many CMS (CMS) shares does Lauren Y. Snyder hold after the reported transactions?

After the reported award and tax withholding, Lauren Y. Snyder directly holds 16,596 shares of CMS common stock. This total includes an adjustment of 70 additional shares acquired through dividend reinvestment or equivalents related to previously granted Restricted Stock awards under the company’s incentive plan.

What performance conditions affected Lauren Y. Snyder’s CMS (CMS) stock award?

The 674 CMS shares were granted because the company exceeded performance criteria set under a 2023 Restricted Stock Award. These criteria were established within the CMS Performance Incentive Stock Plan, meaning the final number of shares depended on CMS achieving specified performance goals during the measurement period.

Why were 574 CMS (CMS) shares withheld from Lauren Y. Snyder on March 26, 2026?

CMS withheld 574 shares of common stock at $76.33 per share from Lauren Y. Snyder to pay exercise price or tax liabilities associated with her stock award. This F-code transaction is a tax-withholding disposition, not an open-market sale initiated for investment or portfolio reasons.

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

The filing notes her total CMS holdings reflect 70 additional shares acquired through dividend reinvestment or equivalent credits linked to Restricted Stock awards. These incremental shares accumulate automatically when dividends are reinvested, modestly increasing her direct ownership over time without separate trading decisions.

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

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Accepted by SEC EDGAR 03/30/2026 - 10:29 AM EDT 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^*

Snyder Lauren Y

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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	03/26/2026		A(1)		674	A	$0	17,170	D(2)
Common Stock	03/26/2026		F		574	D	$76.33	16,596	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 70 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	03/30/2026
	** 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)