Those who have been here a while… How much of your comp each year is stock? What has it looked like over time?
I feel like most of what I have seen is like 100-150 shares that vests over 3-7 years. Which frankly is not very good compared to other S&P 500 companies.
1000 to 2000 RSU's at $100 per share is petty chase and should not factor into anyone's decision to stay or leave.
@j2+1jsteapya WTF is a 28/29 at 35 yo???
I'm obviously a huge under achiever.
I’ve worked at other companies and yes the XOM stock compensation, RSU, does not compare well.
Base salary is good but looking back, I’m not sure if it was worth the grief and misery of working under this pressure cooker environment. Especially since there is no variable compensation.
The unvested RSU are designed to make it harder for top performers to get hired away, so in 7 years you could have 1000 to 2000 unvested shares (at CL 28). Usually, future employers will offer to buy-out the unvested shares with a starting bonus. XOM does not really care if a 2nd quintile employee gets hired away. IF does want to keep its higher ranked CL 28 with 38 potential. Rapid progression to a CL 30 means you will have more than 10k unvested shares, and it gets hard for a future employers to give this size hiring bonus. Now you are trapped. If you are a hi performer and tired of XOM, the best time to leave is CL 28/29 and age 35.
What's the deal about, management throwing peanuts to peasants. Exxon is archaic, no incentive for someone new to work here other than becoming a supervisor or manager within 4 or 5 years and joining the management bandwagon. Nobody staying long will choose technical ladder since there is no motivation to continue this pressure cooker environment. It doesn't look for long term. All the chiefs who are supposed to be core technical are filled with managers basically parroting the innovative company talking points but look around many of the recent failures in projects that tells what is more to come, many technical were sidelined in the decision making processes
Absolutely voided if you leave before the vesting date.
Most worker bees see zero RSUs per year. RSUs are only for top rankings
@bk+1jsteapya is wrong. Worker bees get no honey
Exxon RSUs don't compare well to tech and other industries ypu could work for. No growth in value just the dividend. Go elsewhere for reward. Also most people don’t even qualify for RSUs as it is based on ranking and CL
Is it taken away if you leave the company before the vesting period
It can range but owd Cl27 is 210 shares. That's the max, all others will go down from there. You get half (105) in 4 years and the other half (the other 105) in 7 years. After taxes it comes out to be about $6k.
I don't know if waiting 4 years for a 6k payday is anything to be proud of.
I was a late bloomer and didn’t get a chance at the RSU until my mid 40s. For years, everyone talk about RSU in a hush hush manner, with some kind of inner circle pride, but I was always ranked middle or middle low under the old system, so just a bottom-of-the-food chain analyst. A couple years ago I was CL 25 and that year I was ranked Excellent. Surprise surprise, the RSU email came. (I’m based in Asia, by the way.) It was 50 RSUs or some stupidly low number. I took a calculator to calculate and it wasn’t even 10K, vested in 3-7 years. For half a day, I just couldn’t wrap my mind around it. That’s it? That’s the number people are so hush hush about? Luckily I was frugal throughout my career, because I knew I wasn’t one of those hipo types so I better take care of myself. My own stock portfolio was already 1.2M at that time. Don’t rely on the company if you’re not hipo, especially not these times.
100-150 RSUs vesting over 3-7 years is RSU range for CL25-26. Goes higher as CL goes up, and goes exponential at exec CLs.
Correct, limited stock until exec level.
Most worker bees would only see less than 10k per year.