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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/1/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 2178 |
| Issuer Name: ADAMS RESOURCES & ENERGY, INC. |
| Issuer Trading Symbol: AE |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1637080 |
| | Owner Name: Earley Michelle A |
| Reporting Owner Address: |
| | Owner Street 1: 17 SOUTH BRIAR HOLLOW LANE |
| | Owner Street 2: SUITE 100 |
| | Owner City: HOUSTON |
| | Owner State: TX |
| | Owner ZIP Code: 77027 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common stock |
| | Transaction Date: |
| | | Value: 3/1/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 366 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,646 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted stock units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 3/1/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 366 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Footnote ID: F1 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common stock |
| | | Underlying Security Shares: |
| Value: 366 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted stock units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 3/1/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 817 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common stock |
| | | Underlying Security Shares: |
| Value: 817 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 817 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The reporting person previously received a grant of 366 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 1, 2023 and vesting on March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting. |
| Footnote - F2: The reporting person received a grant of 817 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 1, 2024 and vesting on March 1, 2025. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting. |
| Footnote - F3: The restricted stock units will vest (i.e., the restrictions will lapse) on March 1, 2025, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances). |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Michelle A. Earley |
| Signature Date: 3/4/24 |