The chief executive officer and president of Charlotte-based EnPro Industries Inc. has made nearly $700,000 through the sale of company stock, according to a Form 4 filed with the Securities and Exchange Commission.

Stephen E. MacAdam sold 30,000 shares at a price of $57.72 while exercising his option to purchase 30,000 shares at $34.55, providing him with a net gain of $696,000.

The transactions took place on Nov. 10, according to the Nov. 14 filing.

MacAdam now directly owns 213,839 shares, worth more than $12.8 million, in the company. As of fiscal year 2015, he earns $850,000 as part of his annual salary.

EnPro Industries designs, develops, manufactures and sells engineered industrial products. Founded in 2001, its subsidiaries include companies such as StemCo, Technetics Group and GGB Bearing Technology.

The company recently reported its third-quarter earnings, where it missed analysts’ consensus estimate by 5 cents. Revenue for the quarter was $292.7 million, again missing analysts’ expectations of $303.8 million.

Shares of EnPro were trading at $60 during on Nov. 14, up 45 cents, or 0.76 percent, for the day.

The filing can be found here.