SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Leggio Michael F III

(Last)

(First)

(Middle)

17 SOUTH BRIAR HOLLOW LANE

SUITE 100

(Street)

HOUSTON

77027

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/24/2022

3. Issuer Name and Ticker or Trading Symbol
ADAMS RESOURCES & ENERGY, INC. [ AE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock	900	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted stock units	⁽¹⁾	⁽¹⁾	Restricted stock units	1,342	⁽²⁾	D
Performance share units	⁽³⁾	⁽³⁾	Performance share units	1,868	⁽³⁾	D

Explanation of Responses:

1. The restricted stock units will vest (i.e., the restrictions will lapse) in various amounts beginning on March 1, 2023 through March 1, 2025, provided the reporting person remains in continuing active service on the vesting dates (subject to accelerated vesting in some circumstances).

2. The reporting person received various grants totaling 1,342 of restricted stock units of Adams Resources & Energy, Inc. (AE) beginning on March 1, 2020. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.

3. The reporting person received various grants totaling 1,868 performance share units of Adams Resources & Energy, Inc. beginning on March 1, 2020. The performance share units will vest in various amounts beginning on March 1, 2023, provided the reporting person remains in continuing active service on the vesting dates (subject to accelerated vesting in certain circumstances), and subject to the attainment of certain performance criteria as specified in the award agreements.

Remarks:

	/s/ Michael F. Leggio III	10/26/2022
	** Signature of Reporting Person	Date
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 5 (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.