Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 23

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 23
---
Summary | ​ | ​ | CorporateGovernance | ​ | ​ | ExecutiveCompensation | ​ | ​ | AuditorMatters | ​ | ​ | PTC StockOwnership | ​ | ​ | Annual MeetingInformation | ​ | ​ | OtherGovernance | ​ | ​ | Appendix A | ​ |

Annual Corporate Incentive Plan Our Corporate Incentive Plan (“CIP”) is designed to incentivize and reward the achievement of annual company operating performance objectives and to recognize individual performance. Our Compensation and People Committee reviews the target bonus opportunities annually to ensure opportunities remain competitive. The Committee targets the market median, and adjusts as necessary for executive-specific factors such as individual performance, job scope, and retention risk. In 2025, the Committee did not make changes to target bonus opportunities for the NEOs employed in 2024, as they remained appropriate for each executive’s current position and were market competitive. For Mr. Dahdah, who joined the company in December 2024, the Committee established a target bonus opportunity that was appropriate for his position and was market competitive. Each NEO ’ s target annual bonus opportunity as a percentage of base salary in 2025 was as set forth below.

| ​ | Name              | ​ | ​ | ​ | 2025 CIPTarget |   |      |   | ​ |
| ​ | Neil Barua        | ​ | ​ | ​ | ​              | ​ | 150% | ​ | ​ |
| ​ | Kristian Talvitie | ​ | ​ | ​ | ​              | ​ | 100% | ​ | ​ |
| ​ | Robert Dahdah     | ​ | ​ | ​ | ​              | ​ | 100% | ​ | ​ |
| ​ | Aaron von Staats  | ​ | ​ | ​ | ​              | ​ | 75%  | ​ | ​ |
| ​ | Catherine Kniker  | ​ | ​ | ​ | ​              | ​ | 75%  | ​ | ​ |

2025 ANNUAL CIP METRICS AND ACHIEVEMENT For 2025, the Compensation and People Committee selected Free Cash Flow as the CIP performance measure, as in past years, because it is viewed as a key indicator of our liquidity and ability to return cash to shareholders. The 2025 Free Cash Flow threshold and targets were developed in the context of our financial operating plan and growth over 2024 Free Cash Flow, with the Target representing an approximately 13% increase in Free Cash Flow over