CMS Energy Corp. reported an insider equity award involving Srikanth Maddipati on June 15, 2026. The filing indicates that Maddipati received restricted stock in CMS Energy common stock under the company’s Performance Incentive Stock Plan. The award is described as restricted stock subject to a three-year “cliff” vesting schedule. That means the shares generally do not vest incrementally over time; instead, they become vested all at once after the three-year vesting period, assuming the applicable conditions are satisfied. The filing characterizes the transaction as a grant rather than an open-market purchase or sale. The document does not provide the number of shares granted, the price or value of the award, a transaction code, or Maddipati’s beneficial ownership following the transaction. It also does not describe any related sale, option exercise, or disposition of CMS shares. The Form 4 was signed on June 16, 2026, by Rhonda M. Morris as attorney-in-fact for the reporting person. The key corporate action reported is therefore an insider restricted stock grant by CMS Energy to Srikanth Maddipati, tied to the company’s incentive compensation plan and subject to a three-year cliff vesting requirement.