Leopold Diane 4

What Happened Diane Leopold, a director of CMS Energy Corp (CMS), received a grant of 769 shares on 2026-02-20. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total reported cost $0), reflecting an equity grant rather than a market purchase or sale. This was a grant of restricted/awarded shares, not an outright open-market buy or sale.

Key Details

• Transaction date and type: 2026-02-20 — Award/Grant (code A).
• Shares: 769 shares granted at $0.00 per share (reported acquisition value $0).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Grant made under CMS Energy’s Performance Incentive Stock Plan; shares are subject to vesting at the next annual meeting.
• Filing date: Form filed 2026-02-23 — appears timely (filed within the Form 4 reporting window).

Context An "A" award means the company granted equity to the director; these grants are often part of routine director compensation and typically vest over time or upon specific conditions. Because the award is subject to vesting, the shares may be forfeited if vesting conditions are not met; such grants do not necessarily signal the insider’s immediate view on the stock price.