Form 4: CMS Energy CEO Reports Stock Transactions
Insider Transaction Report
CMS Energy's President and CEO, Garrick J. Rochow, reported recent stock acquisitions tied to performance and dispositions for tax obligations.
Summary
- Garrick J. Rochow, President and CEO of CMS Energy Corp (CMS), reported changes in his beneficial ownership of common stock.
- On January 26, 2026, Rochow acquired 2,240 shares of common stock at a price of $0, resulting from CMS exceeding performance criteria under the 2023 Restricted Stock Award Plan.
- On the same date, he disposed of 28,390 shares of common stock at $71.53 per share to cover tax withholding obligations.
- An additional 5,496 shares were acquired through dividend reinvestment or equivalents related to Restricted Stock awards.
- Following these transactions, Rochow directly beneficially owns 518,452 shares of CMS Energy common stock.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to performance-based compensation and tax obligations, which are generally neutral in sentiment.
Positives
- Acquisition of 2,240 shares of common stock at $0 price, indicating successful achievement of performance criteria under the 2023 Restricted Stock Award.
- An increase of 5,496 shares due to dividend reinvestment or equivalents, reflecting ongoing benefits from existing restricted stock awards.
Negatives
- Disposition of 28,390 shares of common stock at $71.53 per share for tax withholding purposes, which reduces direct beneficial ownership.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Management Comments
- Shares of Common Stock 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.
Industry Context
This insider transaction report reflects routine compensation and tax-related stock movements for a senior executive in the utility sector, which is common across publicly traded companies.
Stakeholder Impact
- Shareholders gain transparency into executive stock ownership changes, which can be a factor in assessing management alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 01/26/2026 | Date of reported stock transactions (acquisition and disposition). |
| 01/28/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
CMS Energy, Garrick Rochow, Insider Transaction, Form 4, Stock Award, Performance Criteria, Dividend Reinvestment, Tax Withholding
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