Kevin J. Roycraft - 01 Mar 2022 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC.

Signature
/s/ Kevin J. Roycraft
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$6,233
Form type
4
Filing time
02 Mar 2022, 15:49:21 UTC
Previous filing
30 Aug 2021
Next filing
24 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AE Common stock Options Exercise $0 +385 +10% $0.000000 4,204 01 Mar 2022 Direct
transaction AE Common stock Options Exercise $0 +416 +9.9% $0.000000 4,620 01 Mar 2022 Direct
transaction AE Common stock Tax liability $6,233 -196 -4.2% $31.80 4,424 01 Mar 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
transaction AE Restricted stock units Options Exercise $0 -385 -17% $0.000000 1,885 01 Mar 2022 Common stock 385 Direct F1, F2
transaction AE Restricted stock units Options Exercise $0 -416 -22% $0.000000 1,469 01 Mar 2022 Common stock 416 Direct F2, F3
transaction AE Restricted stock units Award $0 +1,374 +94% $0.000000 2,843 01 Mar 2022 Common stock 1,374 Direct F2, F4, F5
transaction AE Performance share units Award $0 +1,373 +58% $0.000000 3,758 01 Mar 2022 Common stock 1,373 Direct F6, F7
* 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 1,154 restricted stock units of Adams Resources & Energy, Inc. (AE) vesting in three equal installments beginning March 1, 2021. 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 1,250 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.
F4 The reporting person received a grant of 1,374 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 1, 2022. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F5 The restricted stock units will vest (i.e., the restrictions will lapse) in three equal annual installments beginning on March 1, 2023, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances).
F6 The reporting person received a grant of 1,373 performance share units of Adams Resources & Energy, Inc. on March 1, 2022. The performance share units will vest on March 1, 2025, 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.
F7 Total includes 1,153 performance share units previously awarded on March 9, 2020 that vest on March 1, 2023, as reported. An additional 443 performance share units are the result of the achievement of applicable performance conditions during the 2020 period. Total also includes 789 performance share units previously awarded on March 1, 2021 that vest on March 1, 2024, as reported. The remaining 461 performance share units awarded on March 1, 2021 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.