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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2016
Schedule Of Restricted Stock Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2016

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

 1,624,934 

 

 

$

 29.08 

 

 1,557,657 

 

 

$

 29.06 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

826,075 

 

 

 

 31.74 

 

 786,328 

 

 

 

 31.77 

 

Restricted stock units

 15,338 

 

 

 

 39.12 

 

 14,907 

 

 

 

 39.12 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

(819,658)

 

 

 

 24.37 

 

 (782,505)

 

 

 

 24.39 

 

Restricted stock units

 (13,588)

 

 

 

 33.22 

 

 (13,233)

 

 

 

 33.23 

 

Forfeited - restricted stock

 (245,504)

 

 

 

 35.18 

 

 (234,523)

 

 

 

 35.17 

 

Nonvested at end of period

 1,387,597 

 

 

$

 32.44 

 

 1,328,631 

 

 

$

 32.41 

 



                    



 

 

 

 

 



 

 

 

 

 

Year Ended December 31, 2016

 

CMS Energy, including 
Consumers 

 

Consumers 

 

Granted

 

 

 

 

 

Time-lapse awards

 

 188,303 

 

 180,958 

 

Market-based awards

 

 185,464 

 

 175,818 

 

Performance-based awards

 

 185,464 

 

 175,818 

 

Restricted stock units

 

 14,595 

 

 14,186 

 

Dividends on market-based awards

 

 38,652 

 

 36,646 

 

Dividends on performance-based awards

 

 14,438 

 

 13,704 

 

Dividends on restricted stock units

 

 743 

 

 721 

 

Additional market-based shares based on achievement of condition

 

 213,754 

 

 203,384 

 

Total granted

 

 841,413 

 

 801,235 

 



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



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Years Ended December 31

 2016 

 

 2015 

 

 2014 

 

 

Expected volatility

 

 16.7 

%

 

 14.1 

%

 

 15.6 

%

 

Expected dividend yield

 

 3.2 

 

 

 3.3 

 

 

 3.7 

 

 

Risk-free rate

 

 1.0 

 

 

 0.8 

 

 

 0.8 

 

 



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



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Years Ended December 31

 2016  2015  2014 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

 31.74 

 

$

 36.84 

 

$

 26.15 

 

Restricted stock units granted

 

 

 39.12 

 

 

 34.25 

 

 

 -

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

 31.77 

 

$

 36.83 

 

$

 26.18 

 

Restricted stock units granted

 

 

 39.12 

 

 

 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

 2016  2015  2014 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

 31 

 

$

 29 

 

$

 16 

 

Compensation expense recognized

 

 

 16 

 

 

 20 

 

 

 14 

 

Income tax benefit recognized

 

 

 7 

 

 

 8 

 

 

 5 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

 30 

 

$

 28 

 

$

 15 

 

Compensation expense recognized

 

 

 16 

 

 

 19 

 

 

 13 

 

Income tax benefit recognized

 

 

 6 

 

 

 7 

 

 

 5 

 



Consumers Energy Company [Member]  
Schedule Of Restricted Stock Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2016

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

 1,624,934 

 

 

$

 29.08 

 

 1,557,657 

 

 

$

 29.06 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

826,075 

 

 

 

 31.74 

 

 786,328 

 

 

 

 31.77 

 

Restricted stock units

 15,338 

 

 

 

 39.12 

 

 14,907 

 

 

 

 39.12 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

(819,658)

 

 

 

 24.37 

 

 (782,505)

 

 

 

 24.39 

 

Restricted stock units

 (13,588)

 

 

 

 33.22 

 

 (13,233)

 

 

 

 33.23 

 

Forfeited - restricted stock

 (245,504)

 

 

 

 35.18 

 

 (234,523)

 

 

 

 35.17 

 

Nonvested at end of period

 1,387,597 

 

 

$

 32.44 

 

 1,328,631 

 

 

$

 32.41 

 



                    



 

 

 

 

 



 

 

 

 

 

Year Ended December 31, 2016

 

CMS Energy, including 
Consumers 

 

Consumers 

 

Granted

 

 

 

 

 

Time-lapse awards

 

 188,303 

 

 180,958 

 

Market-based awards

 

 185,464 

 

 175,818 

 

Performance-based awards

 

 185,464 

 

 175,818 

 

Restricted stock units

 

 14,595 

 

 14,186 

 

Dividends on market-based awards

 

 38,652 

 

 36,646 

 

Dividends on performance-based awards

 

 14,438 

 

 13,704 

 

Dividends on restricted stock units

 

 743 

 

 721 

 

Additional market-based shares based on achievement of condition

 

 213,754 

 

 203,384 

 

Total granted

 

 841,413 

 

 801,235 

 



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



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Years Ended December 31

 2016 

 

 2015 

 

 2014 

 

 

Expected volatility

 

 16.7 

%

 

 14.1 

%

 

 15.6 

%

 

Expected dividend yield

 

 3.2 

 

 

 3.3 

 

 

 3.7 

 

 

Risk-free rate

 

 1.0 

 

 

 0.8 

 

 

 0.8 

 

 



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



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Years Ended December 31

 2016  2015  2014 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

 31.74 

 

$

 36.84 

 

$

 26.15 

 

Restricted stock units granted

 

 

 39.12 

 

 

 34.25 

 

 

 -

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

 31.77 

 

$

 36.83 

 

$

 26.18 

 

Restricted stock units granted

 

 

 39.12 

 

 

 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

 2016  2015  2014 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

 31 

 

$

 29 

 

$

 16 

 

Compensation expense recognized

 

 

 16 

 

 

 20 

 

 

 14 

 

Income tax benefit recognized

 

 

 7 

 

 

 8 

 

 

 5 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

 30 

 

$

 28 

 

$

 15 

 

Compensation expense recognized

 

 

 16 

 

 

 19 

 

 

 13 

 

Income tax benefit recognized

 

 

 6 

 

 

 7 

 

 

 5