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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Schedule Of Restricted Stock Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2017

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

1,387,597 

 

 

$

32.44 

 

1,328,631 

 

 

$

32.41 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

722,215 

 

 

 

28.61 

 

691,052 

 

 

 

28.67 

 

Restricted stock units

12,388 

 

 

 

41.98 

 

11,970 

 

 

 

41.97 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

(819,795)

 

 

 

19.53 

 

(787,039)

 

 

 

19.56 

 

Restricted stock units

(15,638)

 

 

 

38.37 

 

(15,199)

 

 

 

38.37 

 

Forfeited restricted stock

(93,501)

 

 

 

39.19 

 

(84,293)

 

 

 

39.19 

 

Nonvested at end of period

1,193,266 

 

 

$

38.48 

 

1,145,122 

 

 

$

38.50 

 



                    



 

 

 

 

 



 

 

 

 

 

Year Ended December 31, 2017

 

CMS Energy, including 
Consumers 

 

Consumers 

 

Granted

 

 

 

 

 

Time-lapse awards

 

164,640 

 

159,260 

 

Market-based awards

 

157,064 

 

149,870 

 

Performance-based awards

 

157,064 

 

149,870 

 

Restricted stock units

 

11,444 

 

11,055 

 

Dividends on market-based awards

 

24,137 

 

22,976 

 

Dividends on performance-based awards

 

22,894 

 

21,791 

 

Dividends on restricted stock units

 

944 

 

915 

 

Additional market-based shares based on achievement of condition

 

113,079 

 

107,823 

 

Additional performance-based shares based on achievement of condition

 

83,337 

 

79,462 

 

Total granted

 

734,603 

 

703,022 

 



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



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2017 

 

2016 

 

2015 

 

 

Expected volatility

 

18.0 

%

 

16.7 

%

 

14.1 

%

 

Expected dividend yield

 

3.0 

 

 

3.2 

 

 

3.3 

 

 

Risk-free rate

 

1.5 

 

 

1.0 

 

 

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

2017  2016  2015 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

28.61 

 

$

31.74 

 

$

36.84 

 

Restricted stock units granted

 

 

41.98 

 

 

39.12 

 

 

34.25 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

28.67 

 

$

31.77 

 

$

36.83 

 

Restricted stock units granted

 

 

41.97 

 

 

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

2017  2016  2015 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

37 

 

$

31 

 

$

29 

 

Compensation expense recognized

 

 

17 

 

 

16 

 

 

20 

 

Income tax benefit recognized

 

 

 

 

 

 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

35 

 

$

30 

 

$

28 

 

Compensation expense recognized

 

 

16 

 

 

16 

 

 

19 

 

Income tax benefit recognized

 

 

 

 

 

 

 



Consumers Energy Company [Member]  
Schedule Of Restricted Stock Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



CMS Energy, including Consumers

 

Consumers

 

Year Ended December 31, 2017

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

1,387,597 

 

 

$

32.44 

 

1,328,631 

 

 

$

32.41 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

722,215 

 

 

 

28.61 

 

691,052 

 

 

 

28.67 

 

Restricted stock units

12,388 

 

 

 

41.98 

 

11,970 

 

 

 

41.97 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

(819,795)

 

 

 

19.53 

 

(787,039)

 

 

 

19.56 

 

Restricted stock units

(15,638)

 

 

 

38.37 

 

(15,199)

 

 

 

38.37 

 

Forfeited restricted stock

(93,501)

 

 

 

39.19 

 

(84,293)

 

 

 

39.19 

 

Nonvested at end of period

1,193,266 

 

 

$

38.48 

 

1,145,122 

 

 

$

38.50 

 



                    



 

 

 

 

 



 

 

 

 

 

Year Ended December 31, 2017

 

CMS Energy, including 
Consumers 

 

Consumers 

 

Granted

 

 

 

 

 

Time-lapse awards

 

164,640 

 

159,260 

 

Market-based awards

 

157,064 

 

149,870 

 

Performance-based awards

 

157,064 

 

149,870 

 

Restricted stock units

 

11,444 

 

11,055 

 

Dividends on market-based awards

 

24,137 

 

22,976 

 

Dividends on performance-based awards

 

22,894 

 

21,791 

 

Dividends on restricted stock units

 

944 

 

915 

 

Additional market-based shares based on achievement of condition

 

113,079 

 

107,823 

 

Additional performance-based shares based on achievement of condition

 

83,337 

 

79,462 

 

Total granted

 

734,603 

 

703,022 

 



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



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Years Ended December 31

2017 

 

2016 

 

2015 

 

 

Expected volatility

 

18.0 

%

 

16.7 

%

 

14.1 

%

 

Expected dividend yield

 

3.0 

 

 

3.2 

 

 

3.3 

 

 

Risk-free rate

 

1.5 

 

 

1.0 

 

 

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

2017  2016  2015 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

28.61 

 

$

31.74 

 

$

36.84 

 

Restricted stock units granted

 

 

41.98 

 

 

39.12 

 

 

34.25 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Weighted-average grant-date fair value per share

 

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

$

28.67 

 

$

31.77 

 

$

36.83 

 

Restricted stock units granted

 

 

41.97 

 

 

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

2017  2016  2015 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

37 

 

$

31 

 

$

29 

 

Compensation expense recognized

 

 

17 

 

 

16 

 

 

20 

 

Income tax benefit recognized

 

 

 

 

 

 

 

Consumers

 

 

 

 

 

 

 

 

 

 

Fair value of shares that vested during the year

 

$

35 

 

$

30 

 

$

28 

 

Compensation expense recognized

 

 

16 

 

 

16 

 

 

19 

 

Income tax benefit recognized