UPDATED 19:41 PM EST, December 4, 2012
Tillerson's 2012 salary was $2.57 million, which was up from $2.39 million in 2011, according to previous filings.
Exxon said that about half the bonus will be paid in cash by year-end and the rest paid later through units that can be converted to cash based on a formula tied to cumulative quarterly earnings per share.
Half the restricted shares must be held for five years and half for 10 years or until retirement, whichever comes later. Tillerson is 60 and Exxon Mobil has an age-65 retirement rule, although it was waived for his predecessor, Lee R. Raymond.
