ExxonMobil director sold 1.5 million shares of ExxonMobil at an average price of $80/share. The 1.5 million shares represents 90% of their ExxonMobil holdings. I’m conflicted, should I sell my measly 7,700 shares acquired from RSUs or wait? I don’t want to pay capital gains taxes, but I hate to not sell if $80/share is going to be the max for some time. If I sell my 7,700 shares I give up $27K/year in dividends. Any advice would be greatly appreciated.
21 replies (most recent on top)
Sounds like morale is bad. Has that affected production and profits?
I know morale is down after the changes the last two years, but that is over, how is morale now?
Morale is $HIT dude.
@1xkb+1fhYvSMi
You’re so special, they should put you in a museum to explain why EM went down!
“ you just need to work harder and you’ll be successful” - this one is good, but I’ve seen it before in other managers’ clueless and poisonous posts.
This one is an original pearl:
“ I know morale is down after the changes the last two years, but that is over”.
Only a toxic parasite can pretend to not be aware of something called oversized, endless PIP, not to mention the new-and-improved ranking system.
Go post your sycophantic, ridiculous comments on LI. There you’ll have to say who you are and people from the industry will make a mental note: never hire this boot li---r.
For the performing working level employees, RSUs are granted on fixed number like 200 shares or 300 shares a year.
Either you are lying or you are a very special employee or executive in order to be granted RSUs based on value and with that amount.
But if you are one of those special employee or executive, and you are smart enough to get financial advice from a by-definition biased layoff board, then no wonder EM cannot find out in Brazil
@1xkb+1fhYvSMi when you put a value 8+ it is very specific that it starts out 8 years. Why can't it be 10+ years? Why a specific number like 8?
All you get is petty comments since you decide your so educated that you decide to get financial advise from a layoff board
Overall XOM is down. Since they employ someone like this
You need to get out of the weeds. A few facts to educate some people. RSUs are based on a dollar amount, a percentage of salary. When XOM price is low, there are more RSUs earned. With a high ranking, bonus is higher, total salary is higher, and more RSUs. RSUs were earned over 8+ years, not 8 years. Stating 8+ years is the same as >8 years. I don’t want to discuss RSUs and sorry if some are jealous but maybe you just need to work harder and you’ll be successful.
I’m simply trying to get a feel for the future of the company from the people actually doing the work. What is the consensus of the people in the trenches? I know morale is down after the changes the last two years, but that is over, how is morale now?
Please no more petty comments about RSUs, I want to hear from the people actually doing the work, not from people who complain about what someone else got. The reason you didn’t get RSUs is NOT because someone else did get RSUs. Your best chance at success is focusing on doing your job better than anyone else, don’t let jealousy eat away at you and destroy your life.
Back to my question, where is ExxonMobil headed, up, down, or staying the same? Again, comments from the actual workers only.
no way he can have 7700 shares of vested RSU that you can sell in just 8 years. The last 3 years have not even vested yet...and only 2 years have fully vested and 25% withholding for taxes...Only a person who has been a CL 31 for the last 8 years could have accumulated 7700 shares (after witholding)...This is made up...
7,700 shares from RSUs in 8 years? How is that even mathematically possible unless you are an exec. The lower CL RSU share allotments are in the 200 range, so it would take a long time to rack up over 7,000
@OP Current stock market is a casino on steroids. No one knows when it's the top. You have two choices. 1. Hold on for the dividend; or, 2. Sell and hope to buy it back cheaper. Sincerely.
Hold on to those shares. Aim high.
Buy yourself a plantation if you are patient.
@1fxy+1fhYvSMi if you are so detached on the overall state of company and need justification on the people who actually do the work. I say you are the reason why this company is where it is now. Congrats on making XOM the cesspool it has become. I wish you luck on your selling of RSU and hope it doesn't become another casino day
I don’t understand all the harassment I’m getting here, I didn’t get the 7,700 RSUs in one year, it was 8+ years of hard work. I’m just trying to get a sense of where ExxonMobil is headed from the “boots on the ground” at different sites in addition to what the financial “experts” say about where ExxonMobil is headed.
I wish people wouldn’t be so negative but instead be happy for other peoples success. I’m in the same boat as many of you - do I stay with ExxonMobil (RSUs in this case) expecting the continued success of this company or is this the top, in which case it might be time to bail. From what I am seeing at BR, it’s time to bail but trying to get perspective from other locations.
Nice little dig at the execs, OP.
That one will regret getting out at 80.
If all goes to plan (Ukraine and wotnot), it'll be 100 by June.
Troll with a fishing pole.
Unreal someone would come to a lay off forum and ask this.
Getting deep in here. Let me get my hip waders out.
Yawn
Total liar.
If you have RSUs, most likely you are a Supervisor or a Manager. If the 7,700 stare thing is true, you are one of the people with significant “brown nose”.
What are you doing here? Showing off? Or, misguide other people?
You liar. You don't have 7700 shares RSU. You wish.
Take note of what Dallas Executives do with EM’s money, commit billions to stock buybacks and only buy stock when the price reaches a high peak.
Why are you consulting a layoffs board? You should consult your financial advisor. If you would like to continue to generate income from the dividends, then keep it. If not, or you don’t want to pay the capital gains, then sell it or look into whether you can transfer part of it into a Roth IRA and then sell. EM stock will rise and fall correlated with the price of crude….
From Barron’s - In response to a request for comment on the Exxon stock sale, Ubben provided this statement: “There is nothing to read into regarding the recent sale. Inclusive Capital is winding down one of its funds, which held shares of Exxon, along with several other positions. Another Inclusive Capital fund remains an Exxon shareholder.”
Yes. Ask people from the internet for financial advise. I would advise asking Wallstreetbets for some stonk tips