Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-03

CMS ENERGY CORP (CMS)

CEO Garrick Rochow was paid $10,534,039 in fiscal year 2025, ↑ up 1.3% from fiscal year 2024, the 32nd percentile of its disclosed peer group (SEC filing 0000811156-26-000015 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$10,534,039 ↑
Garrick Rochow total, FY2025
32nd
CEO pay percentile vs peers
56.1:1
CEO-to-median pay ratio
92.71%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Garrick Rochow (President and CEO), FY2025 total compensation $10,534,039 (base salary $1,275,000) [exec_comp, SEC accession 0000811156-26-000015, filed 2026-03-26]

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CMS's next annual pay disclosure, estimated April 1, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Garrick Rochow$1,275,000$0$6,763,239$0$2,055,938$251$439,611$10,534,039
President and CEO
Rejji Hayes860,12302,088,6900887,6470250,4274,086,887
Executive Vice President and CFO
Shaun Johnson682,64401,223,4010704,4880180,4162,790,949
Executive Vice President, Business Transformation, Chief Legal & Administrative Officer
LeeRoy Wells Jr.585,00001,084,0140565,9880160,6052,395,607
Senior Vice President, President - Gas Delivery
Brandon Hofmeister600,0000914,9330503,1000151,7632,169,796
Senior Vice President, Strategy, Sustainability and External Affairs
Tonya Berry585,4110795,6940532,1610118,6472,031,913
Executive Vice President and COO

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Garrick Rochow$10,534,039$10,401,409$9,637,210↑ +132,630
Rejji Hayes4,086,8874,011,3843,755,609↑ +75,503
Shaun Johnson2,790,9492,648,5762,263,195↑ +142,373
LeeRoy Wells Jr.2,395,607———
Brandon Hofmeister2,169,7962,061,2771,994,208↑ +108,519
Tonya Berry2,031,913———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$10,534,039 Garrick Rochow total, FY2025

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Data as of August 3, 2026 · Source: 0000811156-26-000015 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against CMS
25 companies name CMS as a compensation peer

Each company listed discloses CMS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CMS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Deborah H. ButlerIndependent Director$300,000
Diane LeopoldIndependent Director—
John G. RussellChair of the Board$465,000
John G. SznewajsIndependent Director$315,000
Kurt L. DarrowFormer director (through FY2025)$257,500
Laura H. WrightIndependent Director$325,000
Myrna M. SotoIndependent Director$320,000
Ralph IzzoIndependent Director$300,000
Richard P. KeyesIndependent Director—
Ronald J. TanskiIndependent Director$310,000
Suzanne F. ShankIndependent Director$320,000
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Garrick J. RochowDirector2026-03-26A19,681$0$0CommonForm 4 ↗
Rejji HayesEVP/CFO2026-03-26A6,31600CommonForm 4 ↗
Shaun JohnsonExecutive Vice President & CLO2026-03-26D3,28400CommonForm 4 ↗
Tonya BerryExecutive Vice President & COO2026-03-26A2,02100CommonForm 4 ↗
Lauren Y. SnyderSenior Vice President2026-03-26D5747643,813CommonForm 4 ↗
Lauren Y. SnyderSenior Vice President2026-03-26A67400CommonForm 4 ↗
Scott B. McIntoshVP, Controller, CAO2026-03-26A1,02800CommonForm 4 ↗
Garrick J. RochowDirector2026-03-26D25,833761,971,833CommonForm 4 ↗
Rejji HayesEVP/CFO2026-03-26D8,29076632,776CommonForm 4 ↗
Brandon HofmeisterSenior Vice President2026-03-26D3,75976286,924CommonForm 4 ↗
Shaun JohnsonExecutive Vice President & CLO2026-03-26D4,31176329,059CommonForm 4 ↗
Tonya BerryExecutive Vice President & COO2026-03-26D2,64276201,664CommonForm 4 ↗
Brandon HofmeisterSenior Vice President2026-03-26A2,86300CommonForm 4 ↗
Scott B. McIntoshVP, Controller, CAO2026-03-26D1,1977691,367CommonForm 4 ↗
Deborah H. ButlerDirector2026-05-08A2,41100CommonForm 4 ↗
Diane LeopoldDirector2026-05-08A2,41100CommonForm 4 ↗
Suzanne F. ShankDirector2026-05-08A2,41100CommonForm 4 ↗
Myrna M. SotoDirector2026-05-08A2,41100CommonForm 4 ↗
John G. RussellDirector2026-05-08A2,41100CommonForm 4 ↗
Ronald J. TanskiDirector2026-05-08A2,41100CommonForm 4 ↗
Laura H. WrightDirector2026-05-08A2,41100CommonForm 4 ↗
John G. SznewajsDirector2026-05-08A2,41100CommonForm 4 ↗
Ralph IzzoDirector2026-05-08A2,41100CommonForm 4 ↗
Richard P. KeyesDirector2026-05-08A2,41100CommonForm 4 ↗
Brandon HofmeisterSenior Vice President2026-05-26D3,00074222,930CommonForm 4 ↗
Srikanth MaddipatiEVP/CFO2026-06-15A10,18400CommonForm 4 ↗
Srikanth MaddipatiEVP/CFO2026-07-31A2007214,491CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Tonya BerryRSU2025-01-30——3,021—$199,990
Garrick RochowRSU2025-01-30——25,680—1,700,016
Brandon HofmeisterPSU2025-01-305,21110,422—20,844684,954
LeeRoy Wells Jr.RSU2025-01-30——4,116—272,479
Brandon HofmeisterRSU2025-01-30——3,474—229,979
Rejji HayesRSU2025-01-30——7,931—525,032
Rejji HayesPSU2025-01-3011,89623,792—47,5841,563,658
Garrick RochowPSU2025-01-3038,52077,040—154,0805,063,223
Shaun JohnsonRSU2025-01-30——4,645—307,499
Tonya BerryPSU2025-01-304,5329,064—18,128595,704
Shaun JohnsonPSU2025-01-306,96813,936—27,872915,902
LeeRoy Wells Jr.PSU2025-01-306,17412,348—24,696811,535
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Tonya Berry$199,990$595,704$074.9%
Garrick Rochow1,700,0165,063,223074.9%
Brandon Hofmeister229,979684,954074.9%
LeeRoy Wells Jr.272,479811,535074.9%
Rejji Hayes525,0321,563,658074.9%
Shaun Johnson307,499915,902074.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Garrick RochowRSU105,686—$8,052,213
Shaun JohnsonRSU16,261—1,238,890
Brandon HofmeisterRSU16,261—1,238,890
Tonya BerryRSU9,142—696,496
LeeRoy Wells Jr.RSU14,731—1,122,356
Rejji HayesRSU34,553—2,632,586
05

Incentive-plan design — the Compensation Discussion & Analysis

The NEO compensation program is organized around four principles: Align With Increasing Shareholder and Customer Value; Enable Us to Compete for and Secure Top Executive Talent; Reward Measurable Results; and Be Fair and Competitive.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)—
Independent consultantPay Governance LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-08250,583,55719,690,248433,81792.71%Passed
20252025-05-02240,438,05517,709,1502,626,09993.14%Passed
20242024-05-03235,442,40912,588,8632,923,03294.92%Passed
20232023-05-05236,954,2748,414,3581,877,30296.57%Passed
20222022-05-06236,758,00810,388,649352,98195.8%Passed
20212021-05-07235,294,13910,351,396373,97795.79%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0892.71%a
20252025-05-0293.14%b
20242024-05-0394.92%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)56.1 : 1
CEO total compensation$10,534,039
Median employee compensation$187,884
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John G. RussellIndependent · Board Chair · Executive (Chair)$290,000$175,000$0$0$0$465,000
Laura H. WrightIndependent · Compensation · Governance · Executive150,000175,000000325,000
Myrna M. SotoIndependent · Governance (Chair) · Executive145,000175,000000320,000
Suzanne F. ShankIndependent · Finance (Chair) · Executive145,000175,000000320,000
John G. SznewajsIndependent · Audit (Chair) · Finance · Executive140,000175,000000315,000
Ronald J. TanskiIndependent · Compensation (Chair) · Finance · Executive135,000175,000000310,000
Ralph IzzoIndependent · Audit · Finance125,000175,000000300,000
Deborah H. ButlerIndependent · Compensation (Chair) · Governance125,000175,000000300,000
Kurt L. DarrowNot independent · Departed during FY57,500175,0000025,000257,500
Garrick J. RochowEmployee director000—00
Diane LeopoldIndependent · Compensation · Finance · Newly elected000000
Richard P. KeyesIndependent · Audit · Governance · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$115,000
Annual equity retainer$175,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)115,000 / 115,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,312,500
Equity awards (grant-date value)$1,575,000
All other compensation$25,000
Total cost of the board$2,912,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies CMS ENERGY CORP names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including CMS ENERGY CORP.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Sempra2025Jeffrey Martin$1,700,000$9,873,916$4,580,017$0$22,245,589
2Consolidated Edison, Inc.2025Timothy Cawley1,445,8339,773,90002,809,00019,899,971
3Entergy Corporation2025Andrew Marsh1,286,3466,951,8931,647,4842,614,95016,752,589
4Edison International2025Pedro Pizarro1,417,0417,242,0932,414,0061,606,92616,544,559
5Xcel Energy Inc.2025Bob Frenzel1,450,00011,244,16003,022,55415,998,859
6Eversource Energy2025Joseph R. Nolan, Jr.1,432,3089,020,89003,000,00014,987,168
7Ameren Corporation2025Martin Lyons1,325,0008,205,55003,330,00014,056,510
8Public Service Enterprise Group Incorporated2025Ralph LaRossa1,386,0009,000,15302,563,40013,866,735
9PPL Corporation2025Vincent Sorgi1,238,0607,865,24901,869,24813,221,331
10NiSource Inc.2025Lloyd Yates1,191,6679,619,86402,261,78413,197,800
11WEC Energy Group, Inc.2025Scott Lauber1,205,7005,405,848990,2353,535,78912,188,492
12CenterPoint Energy, Inc.2025Jason Wells1,226,9237,625,02302,583,75012,092,341
13OGE Energy Corp.2025Sean Trauschke1,239,3725,811,82401,753,48712,032,007
14CMS ENERGY CORP2025Garrick Rochow1,275,0006,763,23902,055,93810,534,039
15Atmos Energy Corporation2025J. Kevin Akers1,147,8025,179,05702,100,5729,953,274
16Evergy, Inc.2025David Campbell1,123,1427,004,44601,342,9699,537,018
17Alliant Energy Corporation2025Lisa Barton1,136,9375,471,25501,835,5638,999,073
18Pinnacle West Capital Corporation2025Theodore Geisler938,3565,257,10801,853,0408,414,652
19DTE Energy Company2025Joi Harris852,3083,098,52001,544,4376,732,386
20Hawaiian Electric Industries, Inc.2025Scott W. Seu1,024,9001,721,450004,430,919

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
CMS ENERGY CORP129%PSU 75 · RSU 25Yes — Relative TSR PerformancePay Governance LLC
Alliant Energy Corporation130%PSU 75 · RSU 25NoPay Governance LLC
Ameren Corporation193.3%PSU 70 · RSU 30NoMeridian Compensation Partners
Atmos Energy Corporation153%PSU 75 · RSU 25NoMeridian Compensation Partners, LLC
CenterPoint Energy, Inc.159%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
Consolidated Edison, Inc.143.5%PSU 70 · RSU 30NoMercer
DTE Energy Company169.87%PSU 70 · RSU 30NoMeridian Compensation Partners LLC
Edison Internationalnot disclosedPSU 50 · Option 25 · RSU 25Yes — TSRPay Governance
Entergy Corporation149%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPay Governance, LLC
Evergy, Inc.95.5%PRSU 70 · RSU 30Yes — Three Year Relative TSR versus Companies in the EEI IndexMeridian
Eversource Energy145%PSU 75 · RSU 25NoPay Governance
Hawaiian Electric Industries, Inc.not disclosedPSU 50 · Cash LTI 50NoFrederic W. Cook & Co., Inc. (FW Cook)
NiSource Inc.146%PSU 80 · RSU 20Yes — Three-Year RTSRMeridian Compensation Partners
OGE Energy Corp.118%PSU 65 · RSU 35NoMercer
Pinnacle West Capital Corporation197.5%PSU 70 · RSU 30Yes — Relative TSRFW Cook
PPL Corporation116.14%PSU 80 · RSU 20Yes — Total Shareowner Return (TSR)FW Cook
Public Service Enterprise Group Incorporatednot disclosedPSU 70 · RSU 30Yes — Relative TSR versus peer panelCompensation Advisory Partners (CAP)
Sempra173%PRSU 66.67 · Option 33.33NoExequity
WEC Energy Group, Inc.not disclosedPSU 65 · RSU 20 · Option 15not disclosedFrederic W. Cook & Co., Inc.
Xcel Energy Inc.143.76%PSU 70 · RSU 30NoMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at CMS ENERGY CORP in fiscal 2025?
As disclosed, Garrick Rochow (President and CEO) was the highest-paid executive at CMS ENERGY CORP in fiscal 2025, with total compensation of $10,534,039.
How does CMS ENERGY CORP's chief executive pay compare to its disclosed peer group?
As disclosed, Garrick Rochow's total compensation ranked at the 32nd percentile of CMS ENERGY CORP's disclosed peer group.
What is CMS ENERGY CORP's CEO-to-median employee pay ratio?
As disclosed, CMS ENERGY CORP's CEO-to-median employee pay ratio was 56.1:1.
How did shareholders vote on CMS ENERGY CORP's executive compensation?
As disclosed, 92.71% of shareholders supported CMS ENERGY CORP's executive compensation in the latest say-on-pay vote.
How much does CMS ENERGY CORP spend in total on board compensation for fiscal 2025?
As disclosed, CMS ENERGY CORP reported total board compensation of $2,912,500 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Garrick RochowDEF 14A2026-03-260000811156-26-000015Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 10,534,039. Filing ↗machine: r3 · c42 · span 736929–736939
2Section 01, Rejji HayesDEF 14A2026-03-260000811156-26-000015Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 4,086,887. Filing ↗machine: r6 · c42 · span 743470–743479
3Section 01, Shaun JohnsonDEF 14A2026-03-260000811156-26-000015Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,790,949. Filing ↗machine: r12 · c42 · span 756535–756544
4Section 01, LeeRoy Wells Jr.DEF 14A2026-03-260000811156-26-000015Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,395,607. Filing ↗machine: t74 · r18 · c14 · span 769775–769784
5Section 01, Brandon HofmeisterDEF 14A2026-03-260000811156-26-000015Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,169,796. Filing ↗machine: r15 · c42 · span 763217–763226
6Section 01, Tonya BerryDEF 14A2026-03-260000811156-26-000015Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,031,913. Filing ↗machine: r9 · c42 · span 749994–750003
7Section 03, Tonya Berry RSUDEF 14A2026-03-260000811156-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r10 · c9 · span 843463–843470
8Section 03, Garrick Rochow RSUDEF 14A2026-03-260000811156-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r4 · c9 · span 829324–829333
9Section 03, Brandon Hofmeister PSUDEF 14A2026-03-260000811156-26-000015Section “2025 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t79 · r15 · c10 · span 855471–855478
10Section 03, LeeRoy Wells Jr. RSUDEF 14A2026-03-260000811156-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r19 · c9 · span 864700–864707
11Section 03, Brandon Hofmeister RSUDEF 14A2026-03-260000811156-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r16 · c9 · span 857602–857609
12Section 03, Rejji Hayes RSUDEF 14A2026-03-260000811156-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r7 · c9 · span 836398–836405
13Section 03, Rejji Hayes PSUDEF 14A2026-03-260000811156-26-000015Section “2025 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t79 · r6 · c10 · span 834265–834274
14Section 03, Garrick Rochow PSUDEF 14A2026-03-260000811156-26-000015Section “2025 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t79 · r3 · c10 · span 827190–827199
15Section 03, Shaun Johnson RSUDEF 14A2026-03-260000811156-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t79 · r13 · c9 · span 850529–850536
16Section 03, Tonya Berry PSUDEF 14A2026-03-260000811156-26-000015Section “2025 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t79 · r9 · c10 · span 841332–841339
17Section 03, Shaun Johnson PSUDEF 14A2026-03-260000811156-26-000015Section “2025 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t79 · r12 · c10 · span 848398–848405
18Section 03, LeeRoy Wells Jr. PSUDEF 14A2026-03-260000811156-26-000015Section “2025 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t79 · r18 · c10 · span 862569–862576
19Section 07, pay ratioDEF 14A2026-03-260000811156-26-000015Section “CEO Pay Ratio”. As printed: 56.1 : 1. Filing ↗machine: span 1247408–1247417
20Section 08, John G. RussellDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 465,000. Filing ↗machine: t41 · r5 · c8 · span 432669–432903
21Section 08, Laura H. WrightDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 325,000. Filing ↗machine: t41 · r10 · c8 · span 440330–440564
22Section 08, Myrna M. SotoDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 320,000. Filing ↗machine: t41 · r7 · c8 · span 435732–435966
23Section 08, Suzanne F. ShankDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 320,000. Filing ↗machine: t41 · r6 · c8 · span 434202–434436
24Section 08, John G. SznewajsDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 315,000. Filing ↗machine: t41 · r8 · c8 · span 437265–437499
25Section 08, Ronald J. TanskiDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 310,000. Filing ↗machine: t41 · r9 · c8 · span 438798–439032
26Section 08, Ralph IzzoDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t41 · r4 · c8 · span 431137–431371
27Section 08, Deborah H. ButlerDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t41 · r3 · c8 · span 429610–429844
28Section 08, Kurt L. DarrowDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 257,500. Filing ↗machine: t41 · r12 · c8 · span 442969–443235
29Section 08, Garrick J. RochowDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 0. Filing ↗
30Section 08, Diane LeopoldDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, Richard P. KeyesDEF 14A2026-03-260000811156-26-000015Section “Director Compensation”. As printed: 0. Filing ↗
32Section 02, Garrick J. Rochow 2026-03-26Form 42026-03-300001635192-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Rejji Hayes 2026-03-26Form 42026-03-300001611961-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Shaun Johnson 2026-03-26Form 42026-03-300001777747-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Tonya Berry 2026-03-26Form 42026-03-300001910076-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Lauren Y. Snyder 2026-03-26Form 42026-03-300002076869-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Lauren Y. Snyder 2026-03-26Form 42026-03-300002076869-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Scott B. McIntosh 2026-03-26Form 42026-03-300001876797-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Garrick J. Rochow 2026-03-26Form 42026-03-300001635192-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Rejji Hayes 2026-03-26Form 42026-03-300001611961-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Brandon Hofmeister 2026-03-26Form 42026-03-300001710651-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Shaun Johnson 2026-03-26Form 42026-03-300001777747-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Tonya Berry 2026-03-26Form 42026-03-300001910076-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Brandon Hofmeister 2026-03-26Form 42026-03-300001710651-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Scott B. McIntosh 2026-03-26Form 42026-03-300001876797-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Deborah H. Butler 2026-05-08Form 42026-05-110001401687-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Diane Leopold 2026-05-08Form 42026-05-110001595985-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Suzanne F. Shank 2026-05-08Form 42026-05-110001713197-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Myrna M. Soto 2026-05-08Form 42026-05-110001631411-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, John G. Russell 2026-05-08Form 42026-05-110001180661-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Ronald J. Tanski 2026-05-08Form 42026-05-110001209940-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Laura H. Wright 2026-05-08Form 42026-05-110001297907-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, John G. Sznewajs 2026-05-08Form 42026-05-110001333724-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Ralph Izzo 2026-05-08Form 42026-05-110001257451-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Richard P. Keyes 2026-05-08Form 42026-05-110002112189-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Brandon Hofmeister 2026-05-26Form 42026-05-270001710651-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Srikanth Maddipati 2026-06-15Form 42026-06-160002137913-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Srikanth Maddipati 2026-07-31Form 42026-08-030002137913-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
59Section 06, 2026 voteForm 8-K2026-05-130001104659-26-060230Item 5.07 · say-on-pay result. As reported: 92.71% (votes for as printed: 250,583,557). Filing ↗
60Section 06, 2025 voteForm 8-K2025-05-060001104659-25-044954Item 5.07 · say-on-pay result. As reported: 93.14% (votes for as printed: 240,438,055). Filing ↗
61Section 06, 2024 voteForm 8-K2024-05-070001104659-24-058008Item 5.07 · say-on-pay result. As reported: 94.92% (votes for as printed: 235,442,409). Filing ↗
62Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
63Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
64Section 09b board cost (computed)Computed——Cash 1,312,500 + equity 1,575,000 + all other 25,000 = 2,912,500, summed across the director compensation table rows.machine: formula: Σ = 2,912,500
65Sempra, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127603CEO total compensation as printed in Sempra's own proxy. As printed: 22,245,589. Filing ↗machine: r6 · c44 · span 1518546–1518556
66Consolidated Edison, Inc., Section 10b CEO totalDEF 14A2026-04-080001047862-26-000078CEO total compensation as printed in Consolidated Edison, Inc.'s own proxy. As printed: 19,899,971. Filing ↗machine: r4 · c24 · span 1434489–1434499
67Entergy Corporation, Section 10b CEO totalDEF 14A2026-03-270000065984-26-000211CEO total compensation as printed in Entergy Corporation's own proxy. As printed: 16,752,589. Filing ↗machine: r3 · c27 · span 1089446–1089457
68Edison International, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027655CEO total compensation as printed in Edison International's own proxy. As printed: 16,544,559. Filing ↗machine: t310 · r10 · c18 · span 2410710–2410720
69Xcel Energy Inc., Section 10b CEO totalDEF 14A2026-04-070000072903-26-000063CEO total compensation as printed in Xcel Energy Inc.'s own proxy. As printed: 15,998,859. Filing ↗machine: r2 · c24 · span 898797–898807
70Eversource Energy, Section 10b CEO totalDEF 14A2026-03-270001104659-26-036077CEO total compensation as printed in Eversource Energy's own proxy. As printed: 14,987,168. Filing ↗machine: t46 · r1 · c41 · span 1205602–1205612
71Ameren Corporation, Section 10b CEO totalDEF 14A2026-03-310001104659-26-037756CEO total compensation as printed in Ameren Corporation's own proxy. As printed: 14,056,510. Filing ↗machine: r1 · c47 · span 1200840–1200850
72Public Service Enterprise Group Incorporated, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104270CEO total compensation as printed in Public Service Enterprise Group Incorporated's own proxy. As printed: 13,866,735. Filing ↗machine: t131 · r4 · c19 · span 2441876–2441886
73PPL Corporation, Section 10b CEO totalDEF 14A2026-04-010001193125-26-135991CEO total compensation as printed in PPL Corporation's own proxy. As printed: 13,221,331. Filing ↗machine: t139 · r2 · c21 · span 1822151–1822161
74NiSource Inc., Section 10b CEO totalDEF 14A2026-03-300001140361-26-011851CEO total compensation as printed in NiSource Inc.'s own proxy. As printed: 13,197,800. Filing ↗machine: t253 · r2 · c22 · span 1412582–1412592
75WEC Energy Group, Inc., Section 10b CEO totalDEF 14A2026-03-260000783325-26-000035CEO total compensation as printed in WEC Energy Group, Inc.'s own proxy. As printed: 12,188,492. Filing ↗machine: r4 · c27 · span 797676–797686
76CenterPoint Energy, Inc., Section 10b CEO totalDEF 14A2026-03-040001104659-26-023457CEO total compensation as printed in CenterPoint Energy, Inc.'s own proxy. As printed: 12,092,341. Filing ↗machine: r1 · c54 · span 1435451–1435461
77OGE Energy Corp., Section 10b CEO totalDEF 14A2026-04-010001193125-26-138065CEO total compensation as printed in OGE Energy Corp.'s own proxy. As printed: 12,032,007. Filing ↗machine: span 979637–979647
78CMS ENERGY CORP (subject), Section 10b CEO totalDEF 14A2026-03-260000811156-26-000015CEO total compensation as printed in CMS ENERGY CORP's own proxy. As printed: 10,534,039. Filing ↗machine: r3 · c42 · span 736929–736939
79Atmos Energy Corporation, Section 10b CEO totalDEF 14A2025-12-190000731802-25-000076CEO total compensation as printed in Atmos Energy Corporation's own proxy. As printed: 9,953,274. Filing ↗machine: t122 · r2 · c12 · span 827644–827653
80Evergy, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011357CEO total compensation as printed in Evergy, Inc.'s own proxy. As printed: 9,537,018. Filing ↗machine: r2 · c25 · span 1518390–1518399
81Alliant Energy Corporation, Section 10b CEO totalDEF 14A2026-03-310000352541-26-000025CEO total compensation as printed in Alliant Energy Corporation's own proxy. As printed: 8,999,073. Filing ↗machine: r2 · c27 · span 489074–489084
82Pinnacle West Capital Corporation, Section 10b CEO totalDEF 14A2026-04-030001628280-26-023516CEO total compensation as printed in Pinnacle West Capital Corporation's own proxy. As printed: 8,414,652. Filing ↗machine: r2 · c24 · span 1811110–1811119
83DTE Energy Company, Section 10b CEO totalDEF 14A2026-03-120000936340-26-000062CEO total compensation as printed in DTE Energy Company's own proxy. As printed: 6,732,386. Filing ↗machine: t121 · r3 · c12 · span 1045987–1045996
84Hawaiian Electric Industries, Inc., Section 10b CEO totalDEF 14A2026-04-290001104659-26-051288CEO total compensation as printed in Hawaiian Electric Industries, Inc.'s own proxy. As printed: 4,430,919. Filing ↗machine: t70 · r1 · c12 · span 948353–948362
85Section 10a, WEC Energy Group, Inc. reciprocityDEF 14A—0000783325-26-000035WEC Energy Group, Inc. names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, NiSource Inc. reciprocityDEF 14A—0001140361-26-011851NiSource Inc. names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, OGE Energy Corp. reciprocityDEF 14A—0001193125-26-138065OGE Energy Corp. names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
88Section 10a, Sempra reciprocityDEF 14A—0001193125-26-127603Sempra's most recent proxy was read; its disclosed peer group does not include CMS ENERGY CORP. Filing ↗
89Section 10a, Alliant Energy Corporation reciprocityDEF 14A—0000352541-26-000025Alliant Energy Corporation names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, CenterPoint Energy, Inc. reciprocityDEF 14A—0001104659-26-023457CenterPoint Energy, Inc. names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
91Section 10a, Entergy Corporation reciprocityDEF 14A—0000065984-26-000211Entergy Corporation's most recent proxy was read; its disclosed peer group does not include CMS ENERGY CORP. Filing ↗
92Section 10a, Evergy, Inc. reciprocityDEF 14A—0001140361-26-011357Evergy, Inc. names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
93Section 10a, Edison International reciprocityDEF 14A—0001104659-26-027655Edison International's most recent proxy was read; its disclosed peer group does not include CMS ENERGY CORP. Filing ↗
94Section 10a, Atmos Energy Corporation reciprocityDEF 14A—0000731802-25-000076Atmos Energy Corporation names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, Consolidated Edison, Inc. reciprocityDEF 14A—0001047862-26-000078Consolidated Edison, Inc. names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Eversource Energy reciprocityDEF 14A—0001104659-26-036077Eversource Energy names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Hawaiian Electric Industries, Inc. reciprocityDEF 14A—0001104659-26-051288Hawaiian Electric Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include CMS ENERGY CORP. Filing ↗
98Section 10a, Pinnacle West Capital Corporation reciprocityDEF 14A—0001628280-26-023516Pinnacle West Capital Corporation names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, Xcel Energy Inc. reciprocityDEF 14A—0000072903-26-000063Xcel Energy Inc.'s most recent proxy was read; its disclosed peer group does not include CMS ENERGY CORP. Filing ↗
100Section 10a, DTE Energy Company reciprocityDEF 14A—0000936340-26-000062DTE Energy Company names CMS ENERGY CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗

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