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Friday, December 01, 2006

Exxon Chairman gets $14.2 mln in restricted stock

[...]
Tillerson and other top executives received restricted stock awards earlier this week, Exxon disclosed on Thursday evening in U.S. Securities and Exchange Commission filings. Executive pay in the oil industry, particularly at Exxon, is a sensitive subject as U.S. motorists smart from gas prices that have topped $3 a gallon.

Tillerson received 185,000 shares of restricted stock, whose value is pegged to Exxon's stock price, which closed at $76.81 on the New York Stock Exchange on Thursday. The stock is up 35.4 percent this year.
[...]

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