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Exxon Mobil | DEFA14A: Others

SEC announcement ·  May 10 21:43
Summary by Futu AI
Exxon Mobil Corporation has released supplemental information regarding its executive compensation program, as detailed in a letter to investors dated May 10, 2024. The communication, which supplements the 2024 Proxy Statement, emphasizes the alignment of executive pay with long-term shareholder value and the company's performance in a lower-emissions future. The updated information includes revised charts and percentile rankings of ExxonMobil's executive compensation compared to benchmark companies. The CEO's Total Direct Compensation for 2023 has decreased by 10% from the previous year, reflecting lower earnings and a reduced stock price. A significant portion of the compensation, 78%, is awarded in performance shares with long vesting periods, highlighting the program's focus on long-term performance. The company also provided details on the 10-year Realized and Unrealized Pay, showing ExxonMobil's relative position among its peers. The supplemental information is intended to aid shareholders before casting their votes on the advisory resolution to approve executive compensation.
Exxon Mobil Corporation has released supplemental information regarding its executive compensation program, as detailed in a letter to investors dated May 10, 2024. The communication, which supplements the 2024 Proxy Statement, emphasizes the alignment of executive pay with long-term shareholder value and the company's performance in a lower-emissions future. The updated information includes revised charts and percentile rankings of ExxonMobil's executive compensation compared to benchmark companies. The CEO's Total Direct Compensation for 2023 has decreased by 10% from the previous year, reflecting lower earnings and a reduced stock price. A significant portion of the compensation, 78%, is awarded in performance shares with long vesting periods, highlighting the program's focus on long-term performance. The company also provided details on the 10-year Realized and Unrealized Pay, showing ExxonMobil's relative position among its peers. The supplemental information is intended to aid shareholders before casting their votes on the advisory resolution to approve executive compensation.
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This announcement is a separate document:

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