4//SEC Filing
Brasseux Murray E 4
Accession 0000002178-25-000035
CIK 0000002178other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 4:19 PM ET
Size
7.9 KB
Accession
0000002178-25-000035
Insider Transaction Report
Form 4
Brasseux Murray E
Director
Transactions
- Disposition to Issuer
Common stock
2025-02-04$38.00/sh−4,146$157,548→ 0 total - Disposition to Issuer
Restricted stock units
2025-02-04$38.00/sh−817$31,046→ 0 total→ Common stock (817 underlying)
Footnotes (2)
- [F1]Represents shares of Adams Resources & Energy, Inc. ("AE") common stock disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 11, 2024, by and among AE, ARE Equity Corporation, a Texas corporation ("Parent") as successor-in-interest to Tres Energy LLC, a Texas limited liability company, and ARE Acquisition Corporation, a Delaware corporation and a direct, wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub would merge with and into AE, with AE surviving the merger as a wholly owned subsidiary of Parent. In accordance with the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of AE common stock held by the reporting person was converted into the right to receive $38.00 in cash (the "Merger Consideration").
- [F2]In accordance with the Merger Agreement, at the Effective Time, each restricted stock unit award under the AE 2018 Long-Term Incentive Plan, as amended and restated, was cashed out based on the Merger Consideration.
Documents
Issuer
ADAMS RESOURCES & ENERGY, INC.
CIK 0000002178
Entity typeother
Related Parties
1- filerCIK 0001637261
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 4:19 PM ET
- Size
- 7.9 KB