Wade M. Harrison - Mar 1, 2023 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, 2023
Transactions value $
-$27,167
Form type
4
Date filed
3/2/2023, 03:31 PM
Previous filing
May 24, 2022
Next filing
Mar 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AE Common stock Options Exercise $0 +264 +33.33% $0.00 1.06K Mar 1, 2023 Direct
transaction AE Common stock Options Exercise $0 +286 +27.08% $0.00 1.34K Mar 1, 2023 Direct
transaction AE Common stock Options Exercise $0 +271 +20.19% $0.00 1.61K Mar 1, 2023 Direct
transaction AE Common stock Options Exercise $0 +1.1K +67.89% $0.00 2.71K Mar 1, 2023 Direct
transaction AE Common stock Tax liability -$27.2K -468 -17.28% $58.05 2.24K Mar 1, 2023 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 -16.01% $0.00 1.39K Mar 1, 2023 Common stock 264 Direct F1, F2
transaction AE Restricted stock units Options Exercise $0 -286 -20.65% $0.00 1.1K Mar 1, 2023 Common stock 286 Direct F2, F3
transaction AE Restricted stock units Options Exercise $0 -271 -24.66% $0.00 828 Mar 1, 2023 Common stock 271 Direct F2, F4
transaction AE Performance share units Options Exercise $0 -1.1K -44.73% $0.00 1.35K Mar 1, 2023 Common stock 1.1K Direct F5
transaction AE Restricted stock units Award $0 +788 +95.17% $0.00 1.62K Mar 1, 2023 Common stock 788 Direct F2, F6, F7
transaction AE Performance share units Award $0 +788 +57.77% $0.00 2.15K Mar 1, 2023 Common stock 788 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 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 was previously granted 813 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.
F5 The reporting person was previously granted performance share units of AE vesting on March 1, 2023.
F6 The reporting person received a grant of 788 restricted stock units of AE on March 1, 2023. 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, 2024, 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 788 performance share units of Adams Resources & Energy, Inc. on March 1, 2023. The performance share units will vest on March 1, 2026, 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 541 and 812 performance share units previously awarded on March 1, 2021 and March 1, 2022, respectively, as reported. An additional 11 performance share units are the result of the achievement of applicable performance conditions during the 2022 period.