Lowe’s Cos. outgoing chief executive officer saw a decrease of 11 percent in compensation for 2017, according to a Friday filing with the Securities and Exchange Commission.

Robert Niblock, who announced his retirement in late March, made $11.2 million 2017, compared to $12.6 million in 2016.

Niblock also has stock options of $5.7 million, restricted stock awards of $9.1 million and performance shares units of $15.8 million, totaling $41.9 million, including his severance package.

Chief Financial Officer Marshall Croom was awarded $3.7 million in severance, along with $855,000 in stock options, $1.2 million in restricted stock awards and $2.3 in performance shares units, totaling $8.1 million.

Croom was named CFO in January of 2017, following Bob Hull’s retirement.

Hull had been a part of the company for 17 years. The company stated that Hull’s retirement was part of “a deliberate succession management process.”

According to the filing, for fiscal 2017, the average compensation of Lowe’s employees, excluding Niblock, was $23,905.

The ratio of the annual total compensation for Niblock to the median of the annual total compensation of all employees is 469 to 1.

Lowe’s has increasingly lagged behind its biggest rival, Home Depot. In the most recent quarter, same-store sales climbed a little more than 4 percent at Lowe’s, while Home Depot reported an increase of 7.5 percent.

Shares jumped more than 6 percent in early trading following Niblock’s retirement announcement.

Lowe’s stock closed at $85.90 on Thursday.