The outgoing chief financial officer of Lowe’s Companies Inc. made more than $1.2 million by exercising stock options and selling the stock at the market price, according to a filing Thursday with the Securities and Exchange Commission.

Marshall A. Croom exercised his option to purchase 13,500 shares at a price of $38.38 per share on Sept. 20, spending $518,130.

He then sold 13,500 shares at an average price of $114.60 per share and sold another 2,235 shares at an average price of $114.68.

The profit was $1.29 million. Croom still has the option to purchase another 13,500 shares at the $38.38 price.

Lowe’s shares closed Thursday at $116.77, up $0.51 or 0.44 percent.

Croom has been the CFO of Lowe’s since March 3, 2017. He will be retiring from the retail home improvement company on Oct. 5, after a 21-year stretch serving in various roles. Dave Denton, the current CFO of CVS Health, will become Croom’s successor.

Lowe’s is a Fortune 500 company that operates retail home improvement and appliance stores. Last Month, Lowe’s announced its decision to close all 99 Orchard Supply Hardware stores by the end of its fiscal year in an effort to concentrate on its core home improvement business.

Lowe’s currently operates more than 2,300 stores in United States, Canada, and Mexico and has more than 300,000 employees.