Figma Inc.’s Dylan Field has already cemented a billion-dollar fortune with this week’s planned initial public offering. But he could be looking at another 10-figure payday, thanks to a tranched compensation package similar to Elon Musk’s.

Key Takeaways Figma CEO Dylan Field stands to be very wealthy if he can hit the marks outlined in his pay package.The design software maker's trading debut puts big awards within reach.Field could make $1.

The price for design software developer Figma surged more than 250% on Thursday to close at over $117 per share after raising over $1.2 billion in an IPO, well over three times the $30-$32 range the company estimated in SEC filings earlier this week—making its 33-year-old CEO Dylan Field a billionaire.

Sometimes good things happen to nice guys. I’m talking about Dylan Field, one of the more grounded founder-CEOs you’re likely to meet in tech. His design software firm, Figma, looks to be sailing toward a very strong public debut in the next week.

Figma Inc. raised $1.2 billion with an initial public offering on Thursday, with shares trading for $33, which increased its market share to $19.3 billion.