Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(the “Company” or “ExxonMobil”) has set a total cap of
in respect of 2021 to be available for a grant under the Company’s short-term incentive program. Bonuses, paid in full during the grant year, were awarded to certain executives as follows:
D. W. Woods $3,142,000 K. A. Mikells $1,932,000 A. P. Swiger $1,345,000N. A. Chapman $1,932,000 J. P. Williams, Jr. $1,932,000
Under the terms of the short-term incentive program, in the event of a significant negative restatement of
The cumulative EPS threshold to reach the full payment of the 2018 and 2019 Bonus Parts (EBU) remains at
2018 2019 2020 (*) D. W. Woods
$1,232,000 $1,108,000 $0 A. P. Swiger $924,000 $739,000 $0N. A. Chapman $638,000 $635,000 $0J. P. Williams, Jr. $638,000 $615,500 $0
bonus scholarship (cash and EBU) in 2020.
Prior to settlement, EBU awards remain subject to forfeiture in the event of harmful executive activity.
The 2018 and 2019 EBU Awards Amendment Form is filed as Attachment 99.1 to this report.
. This represents an increase of 15% and is the result of the Committee’s assessment of performance and relative position compared to external benchmarks.
members of senior management are “at will” employees of the Company and do not have an employment contract.