In the first SEC document AOL (NYSE: TWX) Inc filed earlier yesterday with SEC, details about the package for the new CEO Tim Armstrong, as well as exec compensation for three senior execs have been disclosed. And it makes for an interesting and rich read, in more ways than one. The filing includes compensation package for three EVPs at AOL: Ira Parker (EVP, biz dev and General Counsel), Tricia Primrose (EVP, communications), and David Harmon (EVP, HR).
On Armstrong, whose package went into effect end of April:
— His current contract runs through April 7, 2012, and then continues on a month-to-month basis until either party provides the other party with 60-days