McIntosh Scott B 4
4 · CMS ENERGY CORP · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
CMS Energy VP Scott McIntosh Receives Award; Shares Withheld for Taxes
What Happened Scott B. McIntosh, VP, Controller and CAO of CMS Energy (CMS), was awarded 117 restricted shares on 2026-01-26 after meeting performance criteria, and 1,418 shares were withheld by the company to satisfy a tax liability. The withheld shares were reported as disposed at $71.53 per share, totaling $101,430; the 117 awarded shares were reported at $0.00 (grant).
Key Details
- Transaction date: 2026-01-26; Form filed: 2026-01-28 (appears timely).
- Award: 117 shares granted (code A) at $0.00.
- Tax withholding: 1,418 shares withheld/disposed (code F) at $71.53 per share = $101,430.
- Footnote F1: Awarded shares resulted from exceeding performance criteria under the 2023 Restricted Stock Award (Performance Incentive Stock Plan).
- Footnote F2: Total holdings on the filing reflect an additional adjustment of 361 shares from dividend reinvestment/equivalents related to restricted stock awards.
- The filing shows a tax-withholding share disposition rather than an open-market sale.
Context This was a performance-based restricted stock award vesting with shares withheld to cover taxes — a routine corporate payroll/tax action rather than a market sale or purchase. For retail investors, such awards signal that named performance targets were met but do not by themselves indicate insider buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-01-26+117→ 22,260 total - Tax Payment
Common Stock
2026-01-26$71.53/sh−1,418$101,430→ 20,842 total
Footnotes (2)
- [F1]Shares of Common Stock of CMS Energy Corporation ("CMS") were acquired as a result of CMS exceeding certain performance criteria established under the 2023 Restricted Stock Award granted to the reporting person in accordance with the provisions of the CMS Performance Incentive Stock Plan.
- [F2]The total holdings reflect an adjustment of 361 additional shares of Common Stock of CMS acquired as a result of dividend reinvestment or equivalents pursuant to the Restricted Stock awards granted in accordance with the provisions of the CMS Performance Incentive Stock Plan.