Google Chief Executive Eric Schmidt, who is stepping down in April, is planning to sell 534,000 shares in the company over the next year in a cash-out move that could be worth about $335 million.

Schmidt has been CEO at Google for the last decade. But in April he’ll be replaced by Larry Page, the company’s co-founder.

Word of Schmidt’s plan to sell a portion of his holdings in the Web search giant came in a regulatory filing alongside Google’s fourth-quarter earnings report, both submitted to the Securities and Exchange Commission.