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CMS Energy Executive Compensation (FY25)

CMS · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 13, 2026
243 figures on this page: 232 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Garrick Rochow was paid $10,534,039 in total compensation as President and CEO for fiscal 2025, and Rochow's total moved 1.3% higher from the $10,401,409 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 56.1:1, against median employee compensation of $187,884. For fiscal 2025, shareholders backed the say-on-pay proposal with 92.7% of votes cast for or against in favor at the meeting held May 8, 2026. The disclosed peer group names Alliant Energy Corporation, Ameren Corporation, Atmos Energy Corporation, CenterPoint Energy, Inc. and Consolidated Edison, Inc., among others.
Chief executive, fiscal 2025
◇
Garrick Rochow
Median of the other named officers
$2,395,607
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 8, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Garrick Rochow: $10,401,409 → $10,534,039 (1.3% higher)
Say-on-pay support: 93.1% → 92.7% (0.4 points lower)
CEO pay ratio: 69.7:1 → 56.1:1 (19.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is CMS Energy's chief executive and what were they paid?
Garrick Rochow was paid $10,534,039 in total compensation as President and CEO for fiscal 2025. Rochow's total moved 1.3% higher from the $10,401,409 reported for fiscal 2024.
What was CMS Energy's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.7% of votes cast for or against in favor at the meeting held May 8, 2026.
Which companies are in CMS Energy's peer group?
The disclosed peer group names Alliant Energy Corporation, Ameren Corporation, Atmos Energy Corporation, CenterPoint Energy, Inc. and Consolidated Edison, Inc., among others.
What is CMS Energy's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 56.1:1, against median employee compensation of $187,884.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Garrick Rochow
President and CEO, CMS and Consumers
◇—◇—◇◇◇◇
Rejji Hayes
Executive Vice President and CFO, CMS and Consumers
◇—◇—◇—◇◇
Shaun Johnson
General Counsel and Senior Vice President, Business Optimization, CMS and Consumers
◇—◇—◇—◇◇
Brandon Hofmeister
Senior Vice President, Sustainability and External Affairs, CMS and Consumers
◇—◇—◇—◇◇
Brian Rich
Senior Vice President, Customer Experience and Technology, CMS and Consumers
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Garrick Rochow
President and CEO, CMS and Consumers
◇—◇—◇◇◇◇
Rejji Hayes
Executive Vice President and CFO, CMS and Consumers
◇—◇—◇—◇◇
Shaun Johnson
General Counsel and Senior Vice President, Business Optimization, CMS and Consumers
◇—◇—◇—◇◇
Brandon Hofmeister
Senior Vice President, Sustainability and External Affairs, CMS and Consumers
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Garrick Rochow
President and CEO, CMS and Consumers
◇—◇—◇◇◇◇
Rejji Hayes
Executive Vice President and CFO, CMS and Consumers
◇—◇—◇—◇◇
Shaun Johnson
General Counsel and Senior Vice President, Business Optimization, CMS and Consumers
◇—◇—◇—◇◇
Brandon Hofmeister
Senior Vice President, Sustainability and External Affairs, CMS and Consumers
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Garrick Rochow
President and CEO
◇—◇—◇◇◇◇
Rejji Hayes
Executive Vice President and CFO
◇—◇—◇—◇◇
Shaun Johnson
Executive Vice President, Business Transformation, Chief Legal & Administrative Officer
◇—◇—◇—◇◇
LeeRoy Wells Jr.
Senior Vice President, President - Gas Delivery
◇—◇—◇—◇◇
Brandon Hofmeister
Senior Vice President, Strategy, Sustainability and External Affairs
◇—◇—◇—◇◇
Tonya Berry
Executive Vice President and COO
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brandon J. HofmeisterRSU◇——◇——◇
Brandon J. HofmeisterPSU◇◇◇—◇—◇
Garrick J. RochowPSU◇◇◇—◇—◇
Garrick J. RochowRSU◇——◇——◇
LeeRoy Wells JrPSU◇◇◇—◇—◇
LeeRoy Wells JrRSU◇——◇——◇
Rejji P. HayesPSU◇◇◇—◇—◇
Rejji P. HayesRSU◇——◇——◇
Shaun M. JohnsonPSU◇◇◇—◇—◇
Shaun M. JohnsonRSU◇——◇——◇
Tonya L. BerryPSU◇◇◇—◇—◇
Tonya L. BerryRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Garrick RochowRSU◇◇——
Shaun JohnsonRSU◇◇——
Brandon HofmeisterRSU◇◇——
Tonya BerryRSU◇◇——
LeeRoy WellsRSU◇◇——
Rejji HayesRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John G. Russell
Board chair
◇◇————◇
Laura H. Wright
◇◇————◇
Suzanne F. Shank
◇◇————◇
Myrna M. Soto
◇◇————◇
John G. Sznewajs
◇◇————◇
Ronald J. Tanski
◇◇————◇
Ralph Izzo
◇◇————◇
Deborah H. Butler
◇◇————◇
Kurt L. Darrow
◇◇———◇◇
Diane Leopold, Garrick J. Rochow and Richard P. Keyes served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Equity is delivered as Restricted Stock/RSUs.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy Corporation LNT
  • Ameren Corporation AEE
  • Atmos Energy Corporation ATO
  • CenterPoint Energy, Inc. CNP
  • Consolidated Edison, Inc. ED
  • DTE Energy Company DTE
  • Edison International EIX
  • Entergy Corporation ETR
  • Evergy, Inc. EVRG
  • Eversource Energy ES
  • Hawaiian Electric Industries, Inc. HE
  • NiSource Inc. NI
  • OGE Energy Corp. OGE
  • Pinnacle West Capital Corporation PNW
  • PPL Corporation PPL
  • Public Service Enterprise Group Incorporated PEG
  • Sempra SRE
  • WEC Energy Group, Inc. WEC
  • Xcel Energy Inc. XEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 8, 2026=◇◇◇
2024May 2, 2025=◇◇◇
2023May 3, 2024=◇◇◇
2022May 5, 2023=◇◇◇
2021May 6, 2022=◇◇◇
2020May 7, 2021=◇◇◇
2019May 1, 2020=◇◇◇
2018May 3, 2019=◇◇◇
2017May 4, 2018=◇◇◇
2016May 5, 2017=◇◇◇
2015May 6, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact CMS Energy disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where CMS Energy sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
243 figures on this page: 232 cited to the filing that reported them, 11 calculated from figures it prints.
232 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-060230
  2. 0000811156-26-000015
    2025 GRANTS OF PLAN-BASED AWARDS TABLE · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · Directors' Compensation · and 1 more section
  3. 0001104659-25-044954
  4. 0001140361-25-009708
    2024 SUMMARY COMPENSATION TABLE
  5. 0001104659-24-058008
  6. 0000811156-24-000052
    2023 SUMMARY COMPENSATION TABLE
  7. 0001104659-23-058044
  8. 0001140361-23-013253
    2022 SUMMARY COMPENSATION TABLE
  9. 0001104659-22-058272
  10. 0001104659-21-064405
  11. 0001104659-20-056757
  12. 0001104659-19-026817
  13. 0001104659-18-030622
  14. 0001104659-17-030175
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001104659-16-118737
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “CMS Energy executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CMS (accessed 2026).
Short form: data: Velarion
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers CMS Energy discloses

The companies named in CMS's own disclosed peer group.

Alliant Energy CorporationAmeren CorporationCenterPoint Energy, Inc.Consolidated Edison, Inc.DTE Energy CompanyEdison InternationalEntergy CorporationEvergy, Inc.Eversource EnergyHawaiian Electric Industries, Inc.NiSource Inc.OGE Energy Corp.Pinnacle West Capital CorporationPPL CorporationPublic Service Enterprise Group IncorporatedSempraWEC Energy Group, Inc.Xcel Energy Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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