Form 4: Exxon Mobil Director Acquires Shares and Disposes of Restricted Stock

Exxon Mobil director Jeffrey W. Ubben acquired 2,500 shares of common stock and disposed of 18,000 restricted stock grants on January 2, 2025.

Summary

• On January 2, 2025, Jeffrey W. Ubben, a director at Exxon Mobil, acquired 2,500 shares of common stock.
• The acquisition was a restricted stock grant with a price of $0.
• Mr. Ubben also disposed of 18,000 restricted stock grants.
• Of the disposed grants, 15,500 were previously awarded to Mr. Ubben for the benefit of certain funds managed by Inclusive Capital Partners, L.P.
• Mr. Ubben disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a director. The acquisition is a positive sign, but the disposal of restricted stock grants is a neutral to slightly negative event. Overall, the sentiment is neutral.

Positives

• The acquisition of 2,500 shares indicates a potential positive outlook by the director.

Negatives

• The disposal of 18,000 restricted stock grants could be seen as a negative signal, although some were held for the benefit of other funds.

Risks

• The disposal of a significant number of restricted stock grants could potentially indicate a change in the director's outlook or strategy.

Management Comments

• The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise.
• The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in the corporate world.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors, across all publicly traded companies.
• The transactions reported are typical for directors who receive stock-based compensation and may manage investments on behalf of other entities.

Stakeholder Impact

• The transactions may have a minor impact on shareholder sentiment, depending on how the market interprets the director's actions.

Key Dates

Keywords

Exxon Mobil, Director, Stock Acquisition, Restricted Stock, Beneficial Ownership, Jeffrey W. Ubben, Inclusive Capital Partners