Leopold Diane 4

What Happened

• Diane Leopold, a director of CMS Energy Corporation (CMS), received a grant of 2,411 restricted stock units (RSUs) on 2026-05-08. The filing records the grant at $0.00 per share (total recorded value $0) and is reported on a Form 4 filed 2026-05-11. This is an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-08 — Award (code A) of 2,411 RSUs at $0.00 per share.
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnote: Grant pursuant to CMS Energy Corporation’s Performance Incentive Stock Plan; RSUs are subject to vesting at the next annual meeting date (Footnote F1).
• Filing timeliness: Form 4 was filed 2026-05-11 for the 2026-05-08 grant; this appears to be within the normal reporting window.

Context

• RSU grants are common director/executive compensation and typically vest over time; they do not represent an immediate market purchase or sale. Because the award is subject to vesting, it can be forfeited if vesting conditions aren’t met. Awards alone are not a direct signal of buying or selling intent.