Greg L. Mills - Mar 1, 2024 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC. (AE)

Signature
/s/ Greg L. Mills
Stock symbol
AE
Transactions as of
Mar 1, 2024
Transactions value $
-$16,757
Form type
4
Date filed
3/4/2024, 06:05 PM
Previous filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AE Common stock Options Exercise $0 +358 +11.31% $0.00 3.52K Mar 1, 2024 Direct
transaction AE Common stock Options Exercise $0 +401 +11.38% $0.00 3.93K Mar 1, 2024 Direct
transaction AE Common stock Options Exercise $0 +388 +9.89% $0.00 4.31K Mar 1, 2024 Direct
transaction AE Common stock Options Exercise $0 +676 +15.67% $0.00 4.99K Mar 1, 2024 Direct
transaction AE Common stock Tax liability -$16.8K -558 -11.18% $30.03 4.43K 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 -358 -15.39% $0.00 1.97K Mar 1, 2024 Common stock 358 Direct F1, F2
transaction AE Restricted stock units Options Exercise $0 -401 -20.38% $0.00 1.57K Mar 1, 2024 Common stock 401 Direct F2, F3
transaction AE Restricted stock units Options Exercise $0 -388 -24.76% $0.00 1.18K Mar 1, 2024 Common stock 388 Direct F2, F4
transaction AE Performance share units Options Exercise $0 -676 -35.71% $0.00 1.22K Mar 1, 2024 Common stock 676 Direct F5
transaction AE Restricted stock units Award $0 +3.47K +294.06% $0.00 4.65K Mar 1, 2024 Common stock 3.47K Direct F2, F6, F7
transaction AE Performance share units Award $0 +3.47K +284.8% $0.00 4.68K Mar 1, 2024 Common stock 3.47K 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 1,072 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 1,202 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 1,166 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 Adams Resources & Energy, Inc. vesting on March 1, 2024.
F6 The reporting person received a grant of 3,467 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 3,466 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 1,201 performance share units previously awarded on March 1, 2022, as reported. An additional 16 performance share units are the result of the achievement of applicable performance conditions during the 2022 period. 1,165 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.