The chief commercial officer of Sealed Air Corporation, the packaging company behind Bubble Wrap, sold over $371,000 worth of stock on Monday, according to a Form 4 filing.

Karl Deily sold 9,250 worth of common stock on Nov. 2 at a price or $40.14 for a value of $371,295, the securities fling shows.

Deily still owns 158,107 shares, a stake currently valued at around $6.3 million. He also indirectly owns 7,233 shares via a 401(K) and profit-sharing planning, the filing notes.

Last week, the company announced that Deily, who’s spent over 40 years at Sealed Air, will retire as its chief commercial officer on April 2 and take on an advisory role at the end of the year. Sealed Air also reported an earnings beat for the third quarter last week and raised its guidance.

Sealed Air’s (SEE) stock was trading at $41.37, up 2.14 percent on Tuesday.