Sec Form 4 Filing - Davis Sharon C @ ADAMS RESOURCES & ENERGY, INC. - 2022-03-01

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 Davis Sharon C 2. Issuer Name and Ticker or Trading Symbol ADAMS RESOURCES & ENERGY, INC. [ AE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, COO & CAO (Last) (First) (Middle) 17 SOUTH BRIAR HOLLOW LANE, SUITE 100 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2022 (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 03/01/2022 M 302 A $ 0 2,107 D Common stock 03/01/2022 M 337 A $ 0 2,444 D Common stock 03/01/2022 F 157 D $ 31.8 2,287 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 ) 03/01/2022 M 302 ( 1 ) ( 1 ) Common stock 302 $ 0 1,545( 2 ) D Restricted stock units ( 3 ) 03/01/2022 M 337 ( 3 ) ( 3 ) Common stock 337 $ 0 1,208( 2 ) D Restricted stock units ( 4 ) 03/01/2022 A 944 ( 5 ) ( 5 ) Common stock 944 $ 0 2,152( 2 ) D Performance share units ( 6 ) 03/01/2022 A 944 ( 6 ) ( 6 ) Common stock 944 $ 0 2,836( 7 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Davis Sharon C 17 SOUTH BRIAR HOLLOW LANE SUITE 100 HOUSTON, TX77027 EVP, COO & CAO Signatures /s/ Sharon C. Davis 03/02/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person was previously granted 907 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. ( 2 )Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported. ( 3 )The reporting person was previously granted 1,012 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. ( 4 )The reporting person received a grant of 944 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. ( 5 )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). ( 6 )The reporting person received a grant of 944 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. ( 7 )Total includes 906 performance share units previously awarded on March 9, 2020 that vest on March 1, 2023, as reported. An additional 348 performance share units are the result of the achievement of applicable performance conditions during the 2020 period. Total also includes 638 performance share units previously awarded on March 1, 2021 that vest on March 1, 2024, as reported. The remaining 373 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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