Berry Tonya L 4

What Happened Tonya L. Berry, Executive Vice President and Chief Operating Officer of CMS Energy (CMS), was granted 20,451 restricted shares on January 29, 2026. The Form 4 reports an acquisition price of $0.00 (transaction code A — award/grant), with total reported acquisition cost $0. This award is compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-29; reported on Form 4 filed 2026-02-02 (filed within the usual 2-business-day window).
• Shares granted: 20,451 restricted shares; reported acquisition price $0.00.
• Shares owned after transaction: Not provided in the summary data supplied.
• Footnote: Granted pursuant to CMS' Performance Incentive Stock Plan and subject to a three-year "cliff" vesting schedule (footnote F1).
• Transaction code: A (award/grant).

Context Restricted stock awards are a form of executive compensation and typically vest over time (here, a three-year cliff), meaning the shares are not immediately liquid. Because this is a grant rather than a market purchase or sale, it primarily reflects compensation policy and incentive alignment, not an immediate statement of the insider’s personal trading view.