Michael F. Leggio III - 24 Oct 2022 Form 3 Insider Report for ADAMS RESOURCES & ENERGY, INC.

Role: Chief Operating Officer
Signature: /s/ Michael F. Leggio III
Issuer symbol: N/A
Transactions as of: 24 Oct 2022
Net transactions value: $0
Form type: 3
Filing time: 26 Oct 2022, 19:24:13 UTC
Next filing: 02 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AE	Common stock						900	24 Oct 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AE	Restricted stock units							24 Oct 2022	Restricted stock units	1,342		Direct	F1, F2
holding	AE	Performance share units							24 Oct 2022	Performance share units	1,868		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units will vest (i.e., the restrictions will lapse) in various amounts beginning on March 1, 2023 through March 1, 2025, provided the reporting person remains in continuing active service on the vesting dates (subject to accelerated vesting in some circumstances).
F2	The reporting person received various grants totaling 1,342 of restricted stock units of Adams Resources & Energy, Inc. (AE) beginning on March 1, 2020. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F3	The reporting person received various grants totaling 1,868 performance share units of Adams Resources & Energy, Inc. beginning on March 1, 2020. The performance share units will vest in various amounts beginning on March 1, 2023, provided the reporting person remains in continuing active service on the vesting dates (subject to accelerated vesting in certain circumstances), and subject to the attainment of certain performance criteria as specified in the award agreements.