Trey T. Bosard - Mar 1, 2023 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC. (AE)

Role
President, Phoenix Oil, Inc.
Signature
/s/ Trey T Bosard
Stock symbol
AE
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/2/2023, 03:31 PM
Previous filing
Aug 16, 2022
Next filing
Aug 14, 2023

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
transaction AE Restricted stock units Award $0 +224 +1.47% $0.00 15.5K Mar 1, 2023 Common stock 224 Direct F1, F2, F3
transaction AE Performance share units Award $0 +224 $0.00 224 Mar 1, 2023 Common stock 224 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received a grant of 224 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 1, 2023. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F2 The restricted stock units will vest (i.e., the restrictions will lapse) in three equal annual installments beginning on March 1, 2024, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances).
F3 Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported.
F4 The reporting person received a grant of 224 performance share units of Adams Resources & Energy, Inc. on March 1, 2023. The performance share units will vest on March 1, 2026, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in certain circumstances), and subject to the attainment of certain performance criteria as specified in the award agreement.