IZZO RALPH 4

What Happened

• Ralph Izzo, a director of CMS Energy Corp. (CMS), received a grant of 2,411 restricted stock units (RSUs) on 2026-05-08. The award is reported as an acquisition (code A) at $0.00 per share because these are RSUs, not an open-market purchase.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filed within the SEC’s required window).
• Grant size and price: 2,411 RSUs; reported price $0.00 (typical for RSU grants).
• Vesting/conditions: Footnote indicates the RSUs are granted under CMS Energy’s Performance Incentive Stock Plan and are subject to vesting at the next annual meeting date.
• Holdings adjustment: Footnote notes an adjustment of 246 additional common shares attributable to dividend reinvestment or equivalents from prior restricted stock awards.
• Shares owned after transaction: The filing does not state an exact total shares-owned figure after this grant.

Context

• RSU grants increase potential future ownership but typically do not represent an immediate market purchase or sale. These awards generally convert to shares only if and when they vest, and may be subject to forfeiture or other plan conditions until that time.