Sec Form 4 Filing - Roycraft Kevin J. @ ADAMS RESOURCES & ENERGY, INC. - 2024-03-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Roycraft Kevin J.
2. Issuer Name and Ticker or Trading Symbol
ADAMS RESOURCES & ENERGY, INC. [ AE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO & President
(Last) (First) (Middle)
17 SOUTH BRIAR HOLLOW LANE, SUITE 100
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2024
(Street)
HOUSTON, TX77027
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock 03/01/2024 M 417 A $ 0 7,845 D
Common stock 03/01/2024 M 458 A $ 0 8,303 D
Common stock 03/01/2024 M 710 A $ 0 9,013 D
Common stock 03/01/2024 M 789 A $ 0 9,802 D
Common stock 03/01/2024 F 727 D $ 30.03 9,075 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted stock units ( 1 ) 03/01/2024 M 417 ( 1 ) ( 1 ) Common stock 417 $ 0 3,047 ( 2 ) D
Restricted stock units ( 3 ) 03/01/2024 M 458 ( 3 ) ( 3 ) Common stock 458 $ 0 2,589 ( 2 ) D
Restricted stock units ( 4 ) 03/01/2024 M 710 ( 4 ) ( 4 ) Common stock 710 $ 0 1,879 ( 2 ) D
Performance share units ( 5 ) 03/01/2024 M 789 ( 5 ) ( 5 ) Common stock 789 $ 0 1,392 D
Restricted stock units ( 6 ) 03/01/2024 A 5,943 ( 7 ) ( 7 ) Common stock 5,943 $ 0 7,822 ( 2 ) D
Performance share units ( 8 ) 03/01/2024 A 5,942 ( 8 ) ( 8 ) Common stock 5,942 $ 0 7,334 ( 9 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Roycraft Kevin J.
17 SOUTH BRIAR HOLLOW LANE
SUITE 100
HOUSTON, TX77027
X CEO & President
Signatures
/s/ Kevin J. Roycraft 03/04/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported.
( 3 )The reporting person was previously granted 1,374 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.
( 4 )The reporting person was previously granted 2,131 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.
( 5 )The reporting person was previously granted performance share units of AE vesting on March 1, 2024.
( 6 )The reporting person received a grant of 5,943 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.
( 7 )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).
( 8 )The reporting person received a grant of 5,942 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.
( 9 )Total includes 1,373 performance share units previously awarded on March 1, 2022, as reported. An additional 19 performance share units are the result of the achievement of applicable performance conditions during the 2022 period. 2,131 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.

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