# EDGAR Filing Document

**Accession Number:** 0001723460
**File Stem:** 0000002178-23-000031
**Filing Date:** 2023-3
**Character Count:** 9283
**Document Hash:** 515c85066ef957bb6a13e063a5369041
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000002178-23-000031.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0000002178-23-000031

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230301

**FILED AS OF DATE**: 20230302

**DATE AS OF CHANGE**: 20230302

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Roycraft Kevin J.
- **CENTRAL INDEX KEY:** 0001723460

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07908
- **FILM NUMBER:** 23699617

**MAIL ADDRESS:**
- **STREET 1:** C/O ADAMS RESOURCES & ENERGY, INC.
- **STREET 2:** 17 S. BRIAR HOLLOW LANE, SUITE 100
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADAMS RESOURCES & ENERGY, INC.
- **CENTRAL INDEX KEY:** 0000002178
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
- **IRS NUMBER:** 741753147
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 17 S. BRIAR HOLLOW LN.
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027
- **BUSINESS PHONE:** 713-881-3600

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 844
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADAMS RESOURCES & ENERGY INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADA RESOURCES INC
- **DATE OF NAME CHANGE:** 19790620

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Roycraft Kevin J.<br><sub>(Last) (First) (Middle)</sub><br>17 SOUTH BRIAR HOLLOW LANE<br>SUITE 100<br><sub>(Street)</sub><br>HOUSTON, TX 77027<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO & President_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ADAMS RESOURCES & ENERGY, INC. [ AE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common stock | 2023-03-01 |  | M |  | 385 | A | $0 | 5204 | D |  |
| Common stock | 2023-03-01 |  | M |  | 417 | A | $0 | 5621 | D |  |
| Common stock | 2023-03-01 |  | M |  | 458 | A | $0 | 6079 | D |  |
| Common stock | 2023-03-01 |  | M |  | 1596 | A | $0 | 7675 | D |  |
| Common stock | 2023-03-01 |  | F |  | 697 | D | $58.05 | 6978 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted stock units | <sup>(1)</sup> | 2023-03-01 |  | M |  |  | 385 | <sup>(1)</sup> | <sup>(1)</sup> | Common stock | 385.0 | $0 | 2208<sup>(2)</sup> | D |  |
| Restricted stock units | <sup>(3)</sup> | 2023-03-01 |  | M |  |  | 417 | <sup>(3)</sup> | <sup>(3)</sup> | Common stock | 417.0 | $0 | 1791<sup>(2)</sup> | D |  |
| Restricted stock units | <sup>(4)</sup> | 2023-03-01 |  | M |  |  | 458 | <sup>(4)</sup> | <sup>(4)</sup> | Common stock | 458.0 | $0 | 1333<sup>(2)</sup> | D |  |
| Performance share units | <sup>(5)</sup> | 2023-03-01 |  | M |  |  | 1596 | <sup>(5)</sup> | <sup>(5)</sup> | Common stock | 1596.0 | $0 | 2162 | D |  |
| Restricted stock units | <sup>(6)</sup> | 2023-03-01 |  | A |  | 2131 |  | <sup>(7)</sup> | <sup>(7)</sup> | Common stock | 2131.0 | $0 | 3464<sup>(2)</sup> | D |  |
| Performance share units | <sup>(8)</sup> | 2023-03-01 |  | A |  | 2131 |  | <sup>(8)</sup> | <sup>(8)</sup> | Common stock | 2131.0 | $0 | 4312<sup>(9)</sup> | D |  |

---

### Footnotes:

(1) The reporting person was previously granted 1,154 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 1,250 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.

(4) 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.

(5) The reporting person was previously granted performance share units of AE vesting on March 1, 2023.

(6) The reporting person received a grant of 2,131 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 1, 2023.  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, 2024, 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 2,131 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.

(9) Total includes 789 and 1,373 performance share units previously awarded on March 1, 2021 and March 1, 2022, respectively, as reported.  An additional 19 performance share units are the result of the achievement of applicable performance conditions during the 2022 period.

**Signature:** /s/  Kevin J. Roycraft  
**Date:** 2023-03-02

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**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 Number.**