Butler Deborah H 4

What Happened
Deborah H. Butler, a director of CMS Energy Corporation (CMS), was granted 2,411 restricted stock units (RSUs) on 2026-05-08. The Form 4 reports an acquisition price of $0.00 (typical for awards); the grant is recorded as an award rather than a purchase or sale.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11. Filing appears timely and not flagged as late.
• Grant: 2,411 RSUs reported at $0.00 per share (total reported acquisition $0).
• Shares owned after transaction: not explicitly stated in the filing; the filing notes an adjustment of +1,056 additional common shares acquired via dividend reinvestment/equivalents related to prior restricted stock awards.
• Footnotes: F1 — RSUs granted under CMS’s Performance Incentive Stock Plan and subject to vesting at the next annual meeting. F2 — 1,056-share adjustment from dividend reinvestment under prior restricted stock awards.

Context
RSU awards represent a promise to deliver shares (or their cash equivalent) if vesting conditions are met; they are not immediate open-market purchases or sales and therefore don't directly signal a buy or sell. The added 1,056 shares reflect dividend reinvestment mechanics tied to prior awards, not a separate purchase.