Exxon insider sales surge in December, nearly equaling all of 2012

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

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.