AOL CEO and Greenwich resident Tim Armstrong addresses members of the Junior League of Greenwich alongside Huffington Post founder Arianna Huffington, in January 2013 in Greenwich, Conn. Photo: Bob Luckey With a planned $4.4 billion sale of his AOL to Verizon Communications, CEO Tim Armstrong is in line for a $41 million windfall, with the Greenwich resident's total AOL holdings valued at about $277 million under the offer.