Form 4: Exxon Mobil Vice President Karen T. McKee Reports Stock Transaction

Exxon Mobil Vice President Karen T. McKee reported the disposal of 4,880 shares of common stock to cover tax obligations, while also reporting indirect holdings through a spouse and savings plans.

Summary

• Karen T. McKee, a Vice President at Exxon Mobil, reported a transaction involving the company's common stock on December 2, 2024.
• She disposed of 4,880 shares of common stock at a price of $117.735 per share to cover tax obligations.
• Following the transaction, Ms. McKee directly owns 531,812 shares of Exxon Mobil common stock.
• She also has indirect ownership of 1,069 shares through her spouse, 12,073.0399 shares through a savings plan, and 7,679.0302 shares through a savings plan held by her spouse.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction by an executive, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies. It does not indicate any specific trend or event within the oil and gas industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at all publicly traded companies, including Exxon Mobil's peers such as Chevron (CVX), Shell (SHEL), and BP (BP).
• The transaction is typical for executives who may sell shares to cover tax obligations related to stock-based compensation.
• The reported indirect holdings through spouses and savings plans are also common among executives at large corporations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Exxon Mobil, XOM, stock transaction, insider trading, Form 4, Karen T. McKee, equity securities, beneficial ownership