Wade M. Harrison - Mar 1, 2022 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC. (AE)

Role: President, Service Transport
Signature: /s/ Wade M. Harrison
Stock symbol: AE
Transactions as of: Mar 1, 2022
Transactions value $: -$4,293
Form type: 4
Date filed: 3/2/2022, 03:48 PM
Previous filing: May 25, 2021
Next filing: May 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AE	Common stock	Options Exercise	$0	+264	+84.62%	$0.00	576	Mar 1, 2022	Direct
transaction	AE	Common stock	Options Exercise	$0	+285	+49.48%	$0.00	861	Mar 1, 2022	Direct
transaction	AE	Common stock	Tax liability	-$4.29K	-135	-15.68%	$31.80	726	Mar 1, 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	-264	-17.92%	$0.00	1.21K	Mar 1, 2022	Common stock	264		Direct	F1, F2
transaction	AE	Restricted stock units	Options Exercise	$0	-285	-23.57%	$0.00	924	Mar 1, 2022	Common stock	285		Direct	F2, F3
transaction	AE	Restricted stock units	Award	$0	+813	+87.99%	$0.00	1.74K	Mar 1, 2022	Common stock	813		Direct	F2, F4, F5
transaction	AE	Performance share units	Award	$0	+812	+49.63%	$0.00	2.45K	Mar 1, 2022	Common stock	812		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 791 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 857 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 813 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 812 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 791 performance share units previously awarded on March 9, 2020 that vest on March 1, 2023, as reported. An additional 304 performance share units are the result of the achievement of applicable performance conditions during the 2020 period. Total also includes 541 performance share units previously awarded on March 1, 2021 that vest on March 1, 2024, as reported. The remaining 316 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.