EXXON MOBIL CORP: Change of Directors or Senior Managers (form 8-K)

Item 5.02            Departure of Directors or Certain Officers; Election of Directors;
                     Appointment of Certain Officers; Compensatory Arrangements of Certain
                     Officers

(e) On 23 November 2021, the Exxon Mobil Corporation Compensation Committee
(the “Company” or “ExxonMobil”) has set a total cap of $ 145 million
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           $1,345,000
N. 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 ExxonMobil’s declared financial or operating results, bonuses paid on the basis of these results are recovered.

The cumulative EPS threshold to reach the full payment of the 2018 and 2019 Bonus Parts (EBU) remains at $ 6.50 per share. The Committee decided to exclude a non-cash item from the calculation of EPS. we Upstream impairment reported in 4Q 2020. The maximum settlement value of previously granted EBU grants remains unchanged, including the maximum values ​​of grants granted to certain executives, as set out in the ExxonMobil proxy statements applicable for the respective years and set forth below. below:

                           2018         2019      2020 (*)
D. W. Woods             $1,232,000   $1,108,000      $0
A. P. Swiger             $924,000     $739,000       $0
N. A. Chapman            $638,000     $635,000       $0
J. P. Williams, Jr.      $638,000     $615,500       $0



The 2020 bonus program was suspended due to market conditions at the time. This resulted in a $ 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. EffectiveJanuary 1, 2022 , the annual salary of NA Chapman, Senior Vice President, will increase to$ 1,100,000

. This represents an increase of 15% and is the result of the Committee’s assessment of performance and relative position compared to external benchmarks. All ExxonMobil

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members of senior management are “at will” employees of the Company and do not have an employment contract.

————————————————– —————————— © Edgar online, source

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