RUSSELL JOHN G 4

What Happened
John G. Russell, a director of CMS Energy Corporation (CMS), sold 14,914 shares in an open-market transaction on February 20, 2026. The reported weighted-average price was $75.75, generating proceeds of approximately $1,129,810. This was a sale (not a purchase or option exercise), which is commonly routine insider selling rather than a direct bullish signal.

Key Details

• Transaction date: February 20, 2026 (reported filing date: February 23, 2026). Filing appears timely (within the 2-business-day Form 4 window).
• Price: weighted-average $75.75; trades occurred at prices ranging $75.75–$75.76 (see footnote).
• Shares sold: 14,914 shares; proceeds ≈ $1,129,810.
• Shares owned after transaction: not specified in the summary provided here—see the full Form 4 for post-transaction holdings.
• Footnote: reporting person states the price is a weighted average across multiple transactions (range $75.75–$75.76) and will provide a breakdown on request. No 10b5-1 plan, tax-withholding, or gift notation was indicated in the provided details.

Context
Open-market sales by directors can be routine (diversification, liquidity, pre-established plans) and do not by themselves indicate a change in company prospects. For a complete picture, check the full Form 4 for total holdings, any related filings (e.g., 10b5-1 plans), and other insider activity.