Form 4: CMS Energy SVP Johnson Reports Stock Acquisition and Disposal

Shaun M. Johnson, SVP and General Counsel of CMS Energy, reports acquiring shares due to performance criteria and disposing of shares to cover tax obligations.

Summary

• Shaun M. Johnson, a Senior Vice President and General Counsel at CMS Energy Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 21, 2025, Johnson acquired 3,856 shares of CMS common stock as a result of CMS exceeding certain performance criteria under the 2022 Restricted Stock Award.
• On the same day, Johnson disposed of 4,018 shares of common stock at a price of $73.5.
• Following these transactions, Johnson directly owns 94,012 shares of CMS common stock.
• The total holdings reflect an adjustment of 103 additional shares of Common Stock of CMS acquired as a result of dividend reinvestment pursuant to the Award, and an adjustment of 359 additional shares of Restricted Stock purchased on behalf of the reporting person as a result of automatic acquisition of Restricted Stock in lieu of cash dividends pursuant to the terms of the Award.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions by an executive. The acquisition due to performance is slightly positive, while the disposal is likely for tax purposes.

Positives

• The acquisition of shares indicates that CMS Energy met or exceeded certain performance criteria, which could be viewed positively.

Negatives

• The disposal of 4,018 shares could be interpreted negatively, although it is likely related to covering tax obligations associated with the acquired shares.

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a senior executive at CMS Energy.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, reflecting insider confidence (acquisition) and potential tax-related selling pressure (disposal).

Key Dates

Keywords

Form 4, beneficial ownership, CMS Energy, stock acquisition, stock disposal, Shaun M. Johnson, performance incentive, dividend reinvestment