Exxon CEO lands $4.6 million bonus, $19.7 in stock options

12/4/2012

Exxon CEO lands $4.6 million bonus, $19.7 in stock options

BY CLAUDIA ASSIS

HOUSTON -- Exxon Mobil Corp. Chairman and Chief Executive Officer, Rex Tillerson, will receive a bonus of $4.587 million in cash and shares, according to a regulatory filing on Tuesday. Half of the bonus will be paid in cash by year-end, and half in deferred company stock.

Tillerson is also receiving 225,000 shares of Exxon stock, worth nearly $19.7 million at today's price. Exxon's compensation committee has set aside up to $226 million and up to 11 million shares for bonuses and other incentives. Four other top executives will receive bonuses, including senior Vice President and Principal Financial Officer Donald Humphreys, slated to get $3.1 million in cash and shares, and Senior Vice President Michael Dolan, receiving 2.5 million in cash plus shares.

Dow Jones Newswires

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