What the executives and directors of CMS Energy actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Rochow Garrick J Senior Vice President | Officer | 664.8K | — | — |
| Hayes Rejji P EVP/CFO | CFO | 276.8K | — | — |
| RUSSELL JOHN G | Director | 138.1K | — | $1.1M |
| Johnson Shaun M Executive Vice President & CLO | Officer | 113.6K | — | — |
| Rich Brian F Senior Vice President | Officer | 94.5K | — | — |
| Wells LeeRoy Jr Senior Vice President | Officer | 88K | — | — |
| Berry Tonya L Executive Vice President & COO | COO | 72.7K | — | — |
| Hofmeister Brandon J. Senior Vice President | Officer | 67.1K | — | $973K |
| Hendrian Catherine A Senior Vice President | Officer | 59.1K | — | — |
| Venkat Dhenuvakonda Rao Senior Vice President | Officer | 44.8K | — | — |
| Wright Laura | Director | 43.6K | — | — |
| DARROW KURT L | Director | 42.1K | — | — |
| Soto Myrna | Director | 41K | — | — |
| Butler Deborah H | Director | 39.9K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-31 | MADDIPATI SRIKANTH (CFO) | Open-market buy | 200 | $72.46 | $14K |
| 2026-05-26 | Hofmeister Brandon J. (Officer) | Discretionary sale | 3,000 | $74.31 | $223K |
| 2026-03-02 | McIntosh Scott B (Officer) | Discretionary sale | 1,750 | $78.21 | $137K |
| 2026-02-27 | Hofmeister Brandon J. (Officer) | Discretionary sale | 4,000 | $78.24 | $313K |
| 2026-02-25 | Leopold Diane (Director) | Open-market buy | 2,000 | $76.70 | $153K |
| 2026-02-20 | RUSSELL JOHN G (Director) | Discretionary sale | 14.9K | $75.76 | $1.1M |
| 2025-11-03 | Hofmeister Brandon J. (Officer) | Discretionary sale | 223 | $72.48 | $16K |
| 2025-11-03 | Hofmeister Brandon J. (Officer) | Discretionary sale | 3,777 | $72.47 | $274K |
| 2025-09-05 | Snyder Lauren Y (Officer) | Discretionary sale | 2,220 | $71.26 | $158K |
| 2025-08-08 | Hofmeister Brandon J. (Officer) | Discretionary sale | 2,000 | $73.62 | $147K |
| 2025-05-06 | Hofmeister Brandon J. (Officer) | Discretionary sale | 2,198 | $73.61 | $162K |
| 2025-03-03 | Hofmeister Brandon J. (Officer) | Discretionary sale | 2,000 | $73.77 | $148K |
| 2025-02-19 | Wright Laura (Director) | Discretionary sale | 100 | $69.84 | $7K |
| 2025-02-19 | Wright Laura (Director) | Discretionary sale | 597 | $69.84 | $42K |
| 2025-02-19 | Wright Laura (Director) | Discretionary sale | 1,803 | $69.85 | $126K |
| 2025-02-13 | McIntosh Scott B (Officer) | Discretionary sale | 6,700 | $69.76 | $467K |
| 2024-12-19 | RUSSELL JOHN G (Director) | Discretionary sale | 28.8K | $65.85 | $1.9M |
| 2024-12-13 | Hofmeister Brandon J. (Officer) | Discretionary sale | 2,000 | $67.22 | $134K |
| 2024-11-21 | McIntosh Scott B (Officer) | Discretionary sale | 936 | $68.50 | $64K |
| 2024-11-18 | Hofmeister Brandon J. (Officer) | Discretionary sale | 2,000 | $68.17 | $136K |
| 2024-09-04 | Hofmeister Brandon J. (Officer) | Discretionary sale | 2,000 | $68.85 | $138K |
| 2024-08-01 | Rich Brian F (Officer) | Discretionary sale | 4,000 | $66.00 | $264K |
| 2024-06-13 | Hofmeister Brandon J. (Officer) | Discretionary sale | 1,667 | $59.98 | $100K |
| 2024-06-07 | BARFIELD JON E (Director) | Discretionary sale | 2,360 | $60.79 | $143K |
| 2024-05-02 | Rich Brian F (Officer) | Discretionary sale | 2,000 | $61.10 | $122K |
| 2024-02-23 | Hofmeister Brandon J. (Officer) | Discretionary sale | 3,500 | $57.78 | $202K |
| 2023-12-07 | Hofmeister Brandon J. (Officer) | Discretionary sale | 1,000 | $57.90 | $58K |
| 2023-11-08 | Rich Brian F (Officer) | Discretionary sale | 5,000 | $54.90 | $275K |
| 2023-11-02 | RUSSELL JOHN G (Director) | Discretionary sale | 1,645 | $54.81 | $90K |
| 2023-11-02 | RUSSELL JOHN G (Director) | Discretionary sale | 17.4K | $55.59 | $965K |
| 2023-09-13 | Hofmeister Brandon J. (Officer) | Discretionary sale | 1,667 | $56.27 | $94K |
| 2023-08-15 | BARFIELD JON E (Director) | Discretionary sale | 2,345 | $56.06 | $131K |
| 2023-06-12 | Hendrian Catherine A (Officer) | Discretionary sale | 7,500 | $60.26 | $452K |
| 2023-03-16 | Rich Brian F (Officer) | Discretionary sale | 4,000 | $61.72 | $247K |
| 2023-03-13 | Hofmeister Brandon J. (Officer) | Discretionary sale | 1,250 | $60.00 | $75K |
| 2023-03-09 | Hofmeister Brandon J. (Officer) | Discretionary sale | 1,250 | $60.00 | $75K |
| 2023-02-13 | Johnson Shaun M (Officer) | Discretionary sale | 814 | $61.74 | $50K |
| 2022-11-28 | Johnson Shaun M (Officer) | Discretionary sale | 420 | $60.80 | $26K |
| 2022-11-01 | McIntosh Scott B (Officer) | Discretionary sale | 6,096 | $57.37 | $350K |
| 2022-10-31 | McIntosh Scott B (Officer) | Discretionary sale | 875 | $57.17 | $50K |
| 2022-06-10 | Johnson Shaun M (Officer) | Discretionary sale | 736 | $67.77 | $50K |
| 2022-06-09 | BARFIELD JON E (Director) | Discretionary sale | 1,267 | $69.44 | $88K |
| 2022-06-01 | McIntosh Scott B (Officer) | Discretionary sale | 703 | $70.86 | $50K |
| 2022-05-31 | McIntosh Scott B (Officer) | Discretionary sale | 703 | $71.21 | $50K |
| 2022-05-11 | Venkat Dhenuvakonda Rao (Officer) | Discretionary sale | 281 | $69.20 | $19K |
| 2022-05-11 | Venkat Dhenuvakonda Rao (Officer) | Discretionary sale | 719 | $69.20 | $50K |
| 2022-03-14 | Hendrian Catherine A (Officer) | Discretionary sale | 6,521 | $66.09 | $431K |
| 2021-11-17 | Rich Brian F (Officer) | Discretionary sale | 3,500 | $60.32 | $211K |
| 2021-09-01 | Brossoit Jean-Francois (Officer) | Discretionary sale | 770 | $64.82 | $50K |
| 2021-08-23 | BARFIELD JON E (Director) | Discretionary sale | 4,120 | $64.08 | $264K |
| 2021-08-11 | Rich Brian F (Officer) | Discretionary sale | 3,500 | $63.14 | $221K |
| 2021-08-09 | BARBA GLENN P (Officer) | Discretionary sale | 12.8K | $63.10 | $808K |
| 2021-08-05 | Hendrian Catherine A (Officer) | Discretionary sale | 7,991 | $62.80 | $502K |
| 2021-03-10 | Brossoit Jean-Francois (Officer) | Discretionary sale | 3,010 | $57.21 | $172K |
| 2020-09-09 | Brossoit Jean-Francois (Officer) | Discretionary sale | 1,600 | $62.25 | $100K |
| 2020-09-03 | Brossoit Jean-Francois (Officer) | Discretionary sale | 1,620 | $61.66 | $100K |
| 2020-09-01 | Brossoit Jean-Francois (Officer) | Discretionary sale | 2,460 | $60.25 | $148K |
| 2020-08-31 | Venkat Dhenuvakonda Rao (Officer) | Discretionary sale | 430 | $60.43 | $26K |
| 2020-08-25 | Brossoit Jean-Francois (Officer) | Discretionary sale | 699 | $61.00 | $43K |
| 2020-08-17 | Venkat Dhenuvakonda Rao (Officer) | Discretionary sale | 800 | $61.30 | $49K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.