Short Take: AOL CFO files to sell shares

America Online chief financial officer Lennert Leader filed with the SEC to sell 20,000 shares of AOL stock. The filing said the value of the shares is about $2.5 million, or about $125 a share, pre-split. The company underwent a 2-for-1 stock split on March 16, the fourth such split since 1994. AOL stock has been climbing into record-high territory lately, and recently traded as high as 65-7/8, post split.

March 18, 1998 6:30 p.m. PT

chief financial officer Lennert Leader filed with the SEC to sell 20,000 shares of AOL stock. The filing said the value of the shares is about $2.5 million, or about $125 a share, pre-split. The company underwent a 2-for-1 stock split on March 16, the fourth such split since 1994. AOL stock has been climbing into record-high territory lately, and recently traded as high as 65-7/8, post split.