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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Schedule Of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2014

Number of Shares 

 

Weighted-Average Grant Date Fair Value per Share 

 

Number of Shares 

 

Weighted-Average Grant Date Fair Value per Share 

 

Nonvested at beginning of period

1,625,856 

 

 

$

22.42 

 

1,562,202 

 

 

$

22.31 

 

Granted

863,742 

 

 

 

26.15 

 

831,069 

 

 

 

26.18 

 

Vested

(756,310)

 

 

 

21.51 

 

(727,737)

 

 

 

21.26 

 

Forfeited

(53,693)

 

 

 

24.41 

 

(50,850)

 

 

 

24.45 

 

Nonvested at end of period

1,679,595 

 

 

$

24.69 

 

1,614,684 

 

 

$

24.71 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

CMS Energy, including 

Consumers 

 

Consumers 

 

Shares Granted

 

 

 

 

 

Time-lapse awards

 

289,510 

 

282,990 

 

Market-based awards

 

169,409 

 

162,264 

 

Performance-based awards

 

169,409 

 

162,264 

 

Dividends on market-based awards

 

29,579 

 

28,199 

 

Dividends on performance-based awards

 

6,146 

 

5,888 

 

Additional market-based shares based on achievement of condition

 

199,689 

 

189,464 

 

Total shares granted

 

863,742 

 

831,069 

 

 

Schedule of Share-based Payment Award, Restricted Stock, Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2014 

 

2013 

 

2012 

 

 

Expected volatility

 

15.6 

%

 

17.4 

%

 

20.3 

%

 

Expected dividend yield

 

3.7 

 

 

3.9 

 

 

4.1 

 

 

Risk-free rate

 

0.8 

 

 

0.4 

 

 

0.3 

 

 

 

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2014 
2013 
2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

26.15 

 

$

16.65 

 

$

12.32 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

26.18 

 

$

16.76 

 

$

12.28 

 

 

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

Years Ended December 31

2014 
2013 
2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

16 

 

$

10 

 

$

10 

 

Compensation expense recognized

 

 

14 

 

 

14 

 

 

12 

 

Income tax benefit recognized

 

 

 

 

 

 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

15 

 

$

 

$

 

Compensation expense recognized

 

 

13 

 

 

14 

 

 

11 

 

Income tax benefit recognized

 

 

 

 

 

 

 

 

Consumers Energy Company [Member]  
Schedule Of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2014

Number of Shares 

 

Weighted-Average Grant Date Fair Value per Share 

 

Number of Shares 

 

Weighted-Average Grant Date Fair Value per Share 

 

Nonvested at beginning of period

1,625,856 

 

 

$

22.42 

 

1,562,202 

 

 

$

22.31 

 

Granted

863,742 

 

 

 

26.15 

 

831,069 

 

 

 

26.18 

 

Vested

(756,310)

 

 

 

21.51 

 

(727,737)

 

 

 

21.26 

 

Forfeited

(53,693)

 

 

 

24.41 

 

(50,850)

 

 

 

24.45 

 

Nonvested at end of period

1,679,595 

 

 

$

24.69 

 

1,614,684 

 

 

$

24.71 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

CMS Energy, including 

Consumers 

 

Consumers 

 

Shares Granted

 

 

 

 

 

Time-lapse awards

 

289,510 

 

282,990 

 

Market-based awards

 

169,409 

 

162,264 

 

Performance-based awards

 

169,409 

 

162,264 

 

Dividends on market-based awards

 

29,579 

 

28,199 

 

Dividends on performance-based awards

 

6,146 

 

5,888 

 

Additional market-based shares based on achievement of condition

 

199,689 

 

189,464 

 

Total shares granted

 

863,742 

 

831,069 

 

 

Schedule of Share-based Payment Award, Restricted Stock, Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2014 

 

2013 

 

2012 

 

 

Expected volatility

 

15.6 

%

 

17.4 

%

 

20.3 

%

 

Expected dividend yield

 

3.7 

 

 

3.9 

 

 

4.1 

 

 

Risk-free rate

 

0.8 

 

 

0.4 

 

 

0.3 

 

 

 

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2014 
2013 
2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

26.15 

 

$

16.65 

 

$

12.32 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

26.18 

 

$

16.76 

 

$

12.28 

 

 

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

Years Ended December 31

2014 
2013 
2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

16 

 

$

10 

 

$

10 

 

Compensation expense recognized

 

 

14 

 

 

14 

 

 

12 

 

Income tax benefit recognized

 

 

 

 

 

 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

15 

 

$

 

$

 

Compensation expense recognized

 

 

13 

 

 

14 

 

 

11 

 

Income tax benefit recognized