Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 55

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 55
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2024 are described in Compensation Discussion and Analysis . The decrease in Non-PEO NEO CAP for 2024 relates to Mr. Barua’s CAP inclusion in the Non-PEO NEO CAP average for 2023 while he served as CEO-Elect during the CEO transition period. The compensation decisions for Mr. Barua in 2023 as CEO-Elect are described in the Compensation Discussion and Analysis Section. Generally, PEO and Non-PEO NEO CAP directionally align with our cumulative total shareholder return, with the increases and decreases in our stock price increasing or decreasing total shareholder return and, as a result, the achievement assumptions and actual achievement under outstanding relative TSR performance-based RSUs, as well as increases or decreases in our stock prices impacting the vest date value of RSUs. Additionally, Free Cash Flow was the performance measure under the 2024 annual corporate incentive plan. As Free Cash Flow increases, estimated and actual achievement under those outstanding performance-based RSUs increase. As none of the outstanding performance based RSUs were tied to net income, net income does not significantly affect CAP.

**Performance Measures**

We consider the list below to be our most important metrics that link compensation paid to our PEO and other Named Executive Officers to our performance, as they are the key metrics that determine the payouts under our annual Corporate Incentive Plan and Performance-Based RSUs.

| ​ | Free Cash Flow          | ​ |
| ​ | Adjusted Free Cash Flow | ​ |
| ​ | Annual Run Rate (ARR)   | ​ |
| ​ | Relative TSR            | ​ |

| ​ | 50 | ​ | ​ |     | ​ | ​ | 2025 PROXY STATEMENT | ​ | ​ |     | ​ |

TABLE OF CONTENTS

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

AUDITOR MATTERS

| ​ 
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 ​ | Advisory Vote to Confirm theSelection of Pricewater