Greg L. Mills - 01 Mar 2024 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC.

Signature
/s/ Greg L. Mills
Issuer symbol
N/A
Transactions as of
01 Mar 2024
Net transactions value
-$16,757
Form type
4
Filing time
04 Mar 2024, 18:05:57 UTC
Previous filing
02 Mar 2023
Next filing
04 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AE Common stock Options Exercise $0 +358 +11% $0.000000 3,524 01 Mar 2024 Direct
transaction AE Common stock Options Exercise $0 +401 +11% $0.000000 3,925 01 Mar 2024 Direct
transaction AE Common stock Options Exercise $0 +388 +9.9% $0.000000 4,313 01 Mar 2024 Direct
transaction AE Common stock Options Exercise $0 +676 +16% $0.000000 4,989 01 Mar 2024 Direct
transaction AE Common stock Tax liability $16,757 -558 -11% $30.03 4,431 01 Mar 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% $0.000000 1,968 01 Mar 2024 Common stock 358 Direct F1, F2
transaction AE Restricted stock units Options Exercise $0 -401 -20% $0.000000 1,567 01 Mar 2024 Common stock 401 Direct F2, F3
transaction AE Restricted stock units Options Exercise $0 -388 -25% $0.000000 1,179 01 Mar 2024 Common stock 388 Direct F2, F4
transaction AE Performance share units Options Exercise $0 -676 -36% $0.000000 1,217 01 Mar 2024 Common stock 676 Direct F5
transaction AE Restricted stock units Award $0 +3,467 +294% $0.000000 4,646 01 Mar 2024 Common stock 3,467 Direct F2, F6, F7
transaction AE Performance share units Award $0 +3,466 +285% $0.000000 4,683 01 Mar 2024 Common stock 3,466 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.