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

Role
Chief Operating Officer
Signature
/s/ Michael F. Leggio III
Stock symbol
AE
Transactions as of
Oct 24, 2022
Transactions value $
$0
Form type
3
Date filed
10/26/2022, 07:24 PM
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AE Common stock 900 Oct 24, 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 Oct 24, 2022 Restricted stock units 1.34K Direct F1, F2
holding AE Performance share units Oct 24, 2022 Performance share units 1.87K 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.