- Exxon Mobil (XOM +2.4%) has hit all-time highs this week, and some of its executives are cashing in; in December alone, XOM execs have sold almost as many shares as in all of 2012, reaping $8.3M, according to a WSJ review.
- The biggest individual sale was by Mark Albers, a senior VP and a leading candidate to be XOM's next chief executive, who sold ~8% of his shares for ~$5M.
- It's usually not a surprise when company brass sells shares as a stock reaches new heights, but Albers' sale raises some eyebrows; for executives in the running for the top job, the conventional wisdom is that you don't want to sell shares.
Exxon insider sales surge in December, nearly equaling all of 2012
Dec 18 2013, 15:09 ET