The chief executive officer of PRA Health Sciences Inc., profited $3 million by exercising options and selling stock in the Raleigh-based health care company, according to a filing with the Securities and Exchange Commission.

Colin Shannon, chief executive officer and president, exercised options to purchase 50,000 shares at $2.94 apiece and then sold those 50,000 shares at $64.

Shannon, who profited over $3 million from the sale, now owns 121,108 shares worth approximately $7.7 million.

Shannon has been the chief executive officer at PRA Health Sciences since Jan. 1, 2010, and has been its president since May 2007. Shannon also served as chief operating officer of PRA International.

PRA Health Sciences reported significant growth in earnings, net new business, and revenue for the 2016 fourth quarter.

The company’s stock price rose 13 cents to $65.34 in Friday afternoon trading.