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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
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 (Month/Day/Year) |
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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted stock units | (1) | 03/01/2024 | M | 240 | (1) | (1) | Common stock | 240 | $ 0 | 1,266 (2) | D | ||||
| Restricted stock units | (3) | 03/01/2024 | M | 229 | (3) | (3) | Common stock | 229 | $ 0 | 1,037 (2) | D | ||||
| Restricted stock units | (4) | 03/01/2024 | M | 269 | (4) | (4) | Common stock | 269 | $ 0 | 768 (2) | D | ||||
| Performance share units | (5) | 03/01/2024 | M | 453 | (5) | (5) | Common stock | 453 | $ 0 | 695 | D | ||||
| Restricted stock units | (6) | 03/01/2024 | A | 2,404 | (7) | (7) | Common stock | 2,404 | $ 0 | 3,172 (2) | D | ||||
| Performance share units | (8) | 03/01/2024 | A | 2,404 | (8) | (8) | Common stock | 2,404 | $ 0 | 3,099 (9) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Leggio Michael F III 17 SOUTH BRIAR HOLLOW LANE SUITE 100 HOUSTON, TX 77027 |
Chief Operating Officer | |||
| /s/ Michael F. Leggio III | 03/04/2024 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | The reporting person was previously granted 718 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 687 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 808 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 2,404 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 2,404 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 686 performance share units previously awarded on March 1, 2022, as reported. An additional 9 performance share units are the result of the achievement of applicable performance conditions during the 2022 period. 808 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. |