Form 4: Adams Resources & Energy Officer Disposes of Shares to Cover Restricted Stock Unit Vesting
SEC Form 4
Trey T. Bosard, President of Phoenix Oil, a subsidiary of Adams Resources & Energy, disposed of shares to cover the vesting of restricted stock units.
Summary
- On August 12, 2024, Trey T. Bosard, President of Phoenix Oil, a subsidiary of Adams Resources & Energy, disposed of 5,086 shares of common stock.
- This transaction was related to the vesting of restricted stock units (RSUs).
- Bosard received a grant of 15,259 RSUs on August 12, 2022, which vest in three equal annual installments starting August 12, 2023.
- Following the transaction, Bosard directly owns 5,737 derivative securities and 10,824 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/12/2022 | Grant date of 15,259 restricted stock units. |
| 08/12/2023 | First vesting date of the restricted stock units. |
| 08/12/2024 | Date of the reported transaction (disposal of shares) and second vesting date of the restricted stock units. |
Keywords
Form 4, Beneficial Ownership, Adams Resources & Energy, AE, Trey T. Bosard, Phoenix Oil, Restricted Stock Units, Vesting, Insider Trading
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