XOM.NYSEExxon Mobil CORP

Form 4: Exxon Mobil Director Hooley Reports Acquisition of Shares Following Pioneer Natural Resources Merger

Sentiment:

SEC Filing

📋All filings for Exxon Mobil CORP
🔒Login to Follow

Director Joseph L. Hooley reports acquiring Exxon Mobil shares as a result of the merger with Pioneer Natural Resources.

Summary

  • Joseph L. Hooley, a director of Exxon Mobil Corp, filed a Form 4 disclosing changes in beneficial ownership of company stock.
  • The report indicates that Mr. Hooley acquired 218 shares of Exxon Mobil common stock on May 3, 2024, as a result of the merger between Exxon Mobil and Pioneer Natural Resources.
  • Each share of Pioneer stock was converted into the right to receive 2.3234 shares of Exxon Mobil common stock.
  • Mr. Hooley also reported beneficial ownership of 18,000 shares of common stock.
  • The filing was signed on August 14, 2024, by Angela M. Sage, acting as Power of Attorney for Mr. Hooley.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. The acquisition of shares is a natural consequence of the merger.

Industry Context

This filing reflects the standard reporting requirements for corporate insiders following a significant corporate event such as a merger. It provides transparency into the holdings of key personnel.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates

DateDescription
October 10, 2023Date of the Agreement and Plan of Merger between Pioneer Natural Resources Company, Exxon Mobil, and SPQR, LLC.
July 24, 2023Date of Power of Attorney document.
May 3, 2024Date of transaction where Hooley acquired shares due to the merger.
August 14, 2024Date the Form 4 was signed by Power of Attorney.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.