Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 20

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 20
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 RSUs have one three-year performance period. The relative TSR RSUs will vest only after the performance threshold is achieved and only to the extent the relative TSR performance target is achieved. Up to 200% of the relative TSR RSUs can be earned. However, if the weighted average stock price as of the last day of three-year performance period is lower than the weighted average stock price as of the beginning of the period, then the maximum number of relative TSR RSUs that can be earned is capped at 100%, even if performance exceeds the level at which 100% of the relative TSR RSUs are earned. The performance measure for the relative TSR RSUs is established on the grant date. How Our Service RSUs Work Our service RSUs vest in three substantially equal annual installments . FY2024 Performance-Based Compensation

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**TABLE OF CONTENTS**

| ​              | ​ | ​ | ​            | ​ | ​ | ​                   | ​ | ​ | ​                     | ​ | ​ | ​              | ​ | ​ | ​                  | ​ | ​ | ​                         | ​ | ​ | ​               | ​ | ​ | ​          | ​ |
| 2024Highlights | ​ | ​ | ProxySummary | ​ | ​ | CorporateGovernance | ​ | ​ | ExecutiveCompensation | ​ | ​ | AuditorMatters | ​ | ​ | PTC StockOwnership | ​ | ​ | Annual MeetingInformation | ​ | ​ | OtherGovernance | ​ | ​ | Appendix A | ​ |

**ALIGNMENT OF CORPORATE STRATEGY AND FY2024 OPERATING PERFORMANCE-BASED COMPENSATION**

| ​ | COMPENSATION PLAN                          | ​ | ​ | ​ | STRATEGIC GOAL                              |   |   |   |            | ​ |
| ​ | Increase Free Cash Flow                    | ​ | ​ | ​ | Increase Portfolio ofSubscription Contracts | ​ |   |   |            |   |
| ​ | OPERATING PERFORMANCE MEASURE              |   |   |   |                                             | ​ |   |   |            |   |
| ​ | Annual Corporate Incentive Plan            | ​ | ​ | ​ | Free Cash Flow Growth                       | ​ | ​ | ​ | ​          | ​ |
| ​ | Long-Term Operating Performance-Based RSUs | ​ | ​ | ​ | ​                                           | ​ | ​ | ​ | ARR