Exxon's Tillerson gets $4 million bonus in 2008, pay hike
HOUSTON (Reuters) - The chief executive officer of U.S. oil major Exxon Mobil Corp was awarded a $4 million bonus in 2008 and will receive a 10 percent increase in his annual salary in 2009, according to a regulatory filing.
Rex Tillerson, the chief of the world's largest publicly traded company, was also granted 225,000 shares of restricted stock, a filing with the U.S. Securities and Exchange Commission showed.
As of January 1, the executive's salary will be $2.06 million.
Last year, Tillerson received a bonus of $3.4 million and his salary was $1.87 million. At that time, Tillerson was granted 185,000 shares of restricted stock.
Shares of Exxon climbed 3.4 percent to $76.81 in late trading on the New York Stock Exchange. So far this year, the stock has fallen about 18 percent, outperforming an 39 percent drop in the Chicago Board Options index of oil companies.
(Reporting by Anna Driver in Houston; Editing by Bernard Orr)
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