McIntosh Scott B 4

What Happened

• Scott B. McIntosh, VP, Controller and Chief Accounting Officer of CMS Energy Corporation (CMS), was granted 5,008 restricted shares on January 29, 2026. The reported acquisition price is $0.00, reflecting a compensatory award (transaction code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-29
• Transaction type: Award/Grant (Code A)
• Shares granted: 5,008
• Reported price per share: $0.00 (compensatory award)
• Shares owned after transaction: not specified in the provided filing
• Footnote: Shares are restricted stock granted under CMS' Performance Incentive Stock Plan and are subject to a three-year "cliff" vesting schedule (i.e., they generally vest only after three years).
• Filing: Form 4 filed 2026-02-02; appears timely (filed within the SEC’s two business-day window).

Context

• Restricted stock awards are compensation and typically cannot be sold or transferred until vesting conditions are met; a three-year cliff means the award usually becomes fully vested only after three years of service (and may be forfeited if employment ends). Such grants are routine executive compensation and do not, by themselves, indicate an immediate buy/sell signal.