XML 75 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Schedule Of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2015

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

1,679,595 

 

 

$

24.69 

 

1,614,684 

 

 

$

24.71 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

789,602 

 

 

 

36.84 

 

750,262 

 

 

 

36.83 

 

Restricted stock units

13,180 

 

 

 

34.25 

 

12,837 

 

 

 

34.25 

 

Vested - restricted stock

(793,103)

 

 

 

27.76 

 

(756,286)

 

 

 

27.74 

 

Forfeited - restricted stock

(64,340)

 

 

 

26.93 

 

(63,840)

 

 

 

26.93 

 

Nonvested at end of period

1,624,934 

 

 

$

29.08 

 

1,557,657 

 

 

$

29.06 

 

 

                    

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015

 

CMS Energy, including 
Consumers 

 

Consumers 

 

Granted

 

 

 

 

 

Time-lapse awards

 

152,820 

 

146,536 

 

Market-based awards

 

158,385 

 

149,909 

 

Performance-based awards

 

158,385 

 

149,909 

 

Restricted stock units

 

12,848 

 

12,514 

 

Dividends on market-based awards

 

22,208 

 

21,129 

 

Dividends on performance-based awards

 

11,046 

 

10,502 

 

Dividends on restricted stock units

 

332 

 

323 

 

Additional market-based shares based on achievement of condition

 

286,758 

 

272,277 

 

Total granted

 

802,782 

 

763,099 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2015 

 

2014 

 

2013 

 

 

Expected volatility

 

14.1 

%

 

15.6 

%

 

17.4 

%

 

Expected dividend yield

 

3.3 

 

 

3.7 

 

 

3.9 

 

 

Risk-free rate

 

0.8 

 

 

0.8 

 

 

0.4 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2015  2014  2013 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

36.84 

 

$

26.15 

 

$

16.65 

 

Restricted stock units granted

 

 

34.25 

 

 

 -

 

 

 -

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

36.83 

 

$

26.18 

 

$

16.76 

 

Restricted stock units granted

 

 

34.25 

 

 

 -

 

 

 -

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

Years Ended December 31

2015  2014  2013 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

29 

 

$

16 

 

$

10 

 

Compensation expense recognized

 

 

20 

 

 

14 

 

 

14 

 

Income tax benefit recognized

 

 

 

 

 

 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

28 

 

$

15 

 

$

 

Compensation expense recognized

 

 

19 

 

 

13 

 

 

14 

 

Income tax benefit recognized

 

 

 

 

 

 

 

 

Consumers Energy Company [Member]  
Schedule Of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2015

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

1,679,595 

 

 

$

24.69 

 

1,614,684 

 

 

$

24.71 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

789,602 

 

 

 

36.84 

 

750,262 

 

 

 

36.83 

 

Restricted stock units

13,180 

 

 

 

34.25 

 

12,837 

 

 

 

34.25 

 

Vested - restricted stock

(793,103)

 

 

 

27.76 

 

(756,286)

 

 

 

27.74 

 

Forfeited - restricted stock

(64,340)

 

 

 

26.93 

 

(63,840)

 

 

 

26.93 

 

Nonvested at end of period

1,624,934 

 

 

$

29.08 

 

1,557,657 

 

 

$

29.06 

 

 

                    

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015

 

CMS Energy, including 
Consumers 

 

Consumers 

 

Granted

 

 

 

 

 

Time-lapse awards

 

152,820 

 

146,536 

 

Market-based awards

 

158,385 

 

149,909 

 

Performance-based awards

 

158,385 

 

149,909 

 

Restricted stock units

 

12,848 

 

12,514 

 

Dividends on market-based awards

 

22,208 

 

21,129 

 

Dividends on performance-based awards

 

11,046 

 

10,502 

 

Dividends on restricted stock units

 

332 

 

323 

 

Additional market-based shares based on achievement of condition

 

286,758 

 

272,277 

 

Total granted

 

802,782 

 

763,099 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2015 

 

2014 

 

2013 

 

 

Expected volatility

 

14.1 

%

 

15.6 

%

 

17.4 

%

 

Expected dividend yield

 

3.3 

 

 

3.7 

 

 

3.9 

 

 

Risk-free rate

 

0.8 

 

 

0.8 

 

 

0.4 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2015  2014  2013 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

36.84 

 

$

26.15 

 

$

16.65 

 

Restricted stock units granted

 

 

34.25 

 

 

 -

 

 

 -

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

36.83 

 

$

26.18 

 

$

16.76 

 

Restricted stock units granted

 

 

34.25 

 

 

 -

 

 

 -

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

Years Ended December 31

2015  2014  2013 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

29 

 

$

16 

 

$

10 

 

Compensation expense recognized

 

 

20 

 

 

14 

 

 

14 

 

Income tax benefit recognized

 

 

 

 

 

 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

28 

 

$

15 

 

$

 

Compensation expense recognized

 

 

19 

 

 

13 

 

 

14 

 

Income tax benefit recognized