Form 4: Exxon Mobil Executive Officer Jon M. Gibbs Reports Stock Transaction

Exxon Mobil executive officer Jon M. Gibbs disposed of 2,893 shares of common stock on December 2, 2024, to cover tax obligations.

Summary

• Jon M. Gibbs, an executive officer at Exxon Mobil, reported a transaction involving the company's common stock.
• On December 2, 2024, Mr. Gibbs disposed of 2,893 shares of common stock at a price of $117.735 per share.
• This transaction was to cover tax obligations related to the vesting of restricted stock.
• Following the transaction, Mr. Gibbs directly owns 304,625 shares of Exxon Mobil common stock.
• Mr. Gibbs also indirectly owns 58.4787 shares through a savings plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock transaction by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to stock transactions by company insiders, which is common practice for publicly traded companies. It provides transparency into the trading activities of executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US.
• The transaction is typical for executives who receive stock-based compensation and need to cover tax liabilities upon vesting.
• Similar filings are made by executives at companies like Chevron (CVX), Shell (SHEL), and BP (BP) when they trade their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Exxon Mobil, XOM, stock transaction, executive officer, Form 4, insider trading, equity securities, common stock