The boss of Roblox Corp. received a pay package that the videogame company valued at $233 million last year, instantly putting him in the ranks of the country’s top-paid chief executives, a Monday Securities filing showed.

David Baszucki, co-founder and chief executive officer of Roblox, had received just $6.8 million in 2020. Most of his 2021 package is made up of restricted stock dependent on the company meeting certain milestones, a common retention tool that underscores how some executives can end up with big payouts.

…Overall pay increases for U.S. CEOs have been gaining momentum. Median pay rose to $14.2 million last year for the leaders of S&P 500 companies from a record $13.4 million for the same companies a year earlier, based on disclosures through Friday evening, according to a Wall Street Journal analysis of pay data for more than half the index from MyLogIQ LLC.