Aaron's (AAN) Chairman Loudermilk Sells $1.3M

May 15, 2012 11:08 AM EDT
Aaron's, Inc. (NYSE: AAN) is hanging near neutral territory Tuesday amid disclosure of a large sale by an insider.

An SEC Form 4 was submitted to the U.S. SEC for Chairman Charles Loudermilk showing the sale of 48,369 shares of common stock on May 11th for an average selling price of $27.0029. Gross proceeds from the sale were about $1.3 million.

Following the sale, Loudermilk still hangs on to 4,686,153 shares.


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