Kevin J. Roycraft - Mar 1, 2024 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC. (AE)

Role
CEO & President, Director
Signature
/s/ Kevin J. Roycraft
Stock symbol
AE
Transactions as of
Mar 1, 2024
Transactions value $
-$21,832
Form type
4
Date filed
3/4/2024, 06:01 PM
Previous filing
Mar 31, 2023
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AE Common stock Options Exercise $0 +417 +5.61% $0.00 7.85K Mar 1, 2024 Direct
transaction AE Common stock Options Exercise $0 +458 +5.84% $0.00 8.3K Mar 1, 2024 Direct
transaction AE Common stock Options Exercise $0 +710 +8.55% $0.00 9.01K Mar 1, 2024 Direct
transaction AE Common stock Options Exercise $0 +789 +8.75% $0.00 9.8K Mar 1, 2024 Direct
transaction AE Common stock Tax liability -$21.8K -727 -7.42% $30.03 9.08K Mar 1, 2024 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
transaction AE Restricted stock units Options Exercise $0 -417 -12.04% $0.00 3.05K Mar 1, 2024 Common stock 417 Direct F1, F2
transaction AE Restricted stock units Options Exercise $0 -458 -15.03% $0.00 2.59K Mar 1, 2024 Common stock 458 Direct F2, F3
transaction AE Restricted stock units Options Exercise $0 -710 -27.42% $0.00 1.88K Mar 1, 2024 Common stock 710 Direct F2, F4
transaction AE Performance share units Options Exercise $0 -789 -36.18% $0.00 1.39K Mar 1, 2024 Common stock 789 Direct F5
transaction AE Restricted stock units Award $0 +5.94K +316.29% $0.00 7.82K Mar 1, 2024 Common stock 5.94K Direct F2, F6, F7
transaction AE Performance share units Award $0 +5.94K +426.87% $0.00 7.33K Mar 1, 2024 Common stock 5.94K Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was previously granted 1,250 restricted stock units of Adams Resources & Energy, Inc. (AE) vesting in three equal installments beginning March 1, 2022. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F2 Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported.
F3 The reporting person was previously granted 1,374 restricted stock units of Adams Resources & Energy, Inc. (AE) vesting in three equal installments beginning March 1, 2023. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F4 The reporting person was previously granted 2,131 restricted stock units of Adams Resources & Energy, Inc. (AE) vesting in three equal installments beginning March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F5 The reporting person was previously granted performance share units of AE vesting on March 1, 2024.
F6 The reporting person received a grant of 5,943 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F7 The restricted stock units will vest (i.e., the restrictions will lapse) in three equal annual installments beginning on March 1, 2025, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances).
F8 The reporting person received a grant of 5,942 performance share units of Adams Resources & Energy, Inc. on March 1, 2024. The performance share units will vest on March 1, 2027, 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.
F9 Total includes 1,373 performance share units previously awarded on March 1, 2022, as reported. An additional 19 performance share units are the result of the achievement of applicable performance conditions during the 2022 period. 2,131 performance share units awarded on March 1, 2023 will not vest on the basis of the applicable performance conditions set for the in the award agreement and are no longer held by the reporting person.