Trey T. Bosard - Mar 1, 2024 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, 2024
Transactions value $
-$661
Form type
4
Date filed
3/4/2024, 06:03 PM
Previous filing
Aug 14, 2023
Next filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AE Common stock Options Exercise $0 +74 +1.3% $0.00 5.76K Mar 1, 2024 Direct
transaction AE Common stock Tax liability -$661 -22 -0.38% $30.03 5.74K 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 -74 -0.71% $0.00 10.3K Mar 1, 2024 Common stock 74 Direct F1
transaction AE Restricted stock units Award $0 +500 +4.84% $0.00 10.8K Mar 1, 2024 Common stock 500 Direct F2, F3, F4
transaction AE Performance share units Award $0 +500 $0.00 500 Mar 1, 2024 Common stock 500 Direct F5, F6
* 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 224 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.
F2 The reporting person received a grant of 500 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.
F3 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).
F4 Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported.
F5 The reporting person received a grant of 500 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.
F6 224 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.