Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 32

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 32
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SUs granted in 2023 ended at the end of 2025 and were eligible to cliff vest accordingly. The following chart shows the goals established at the time of grant, and the actual results achieved for the 2023 to 2025 performance period.

| ​ | PerformanceMeasure            | ​ | ​ | ​ | Threshold(50% Earned) | ​ | ​ | ​ | Target(100% Earned) | ​ | ​ | ​ | Interim Upside(150% Earned) | ​ | ​ | ​ | Upside(200% Earned) | ​ | ​ | ​ | Achievement     | ​ | ​ | ​ | Earned  | ​ |
| ​ | Three Year RelativeTSR﻿(2)(3) | ​ | ​ | ​ | 25th Percentile       | ​ | ​ | ​ | 50th Percentile     | ​ | ​ | ​ | 75th Percentile             | ​ | ​ | ​ | 90th Percentile     | ​ | ​ | ​ | 72nd Percentile | ​ | ​ | ​ | 144%(1) | ​ |

(1) Linear interpolation applies for performance between levels. No payouts are earned for performance below threshold level. (2) The comparison group of companies for the 2023 relative TSR PRSUs use the S&P 500 Software and Services Index, excluding seven services companies included in the Index, plus any 2023 compensation peer group companies not included in that Index. (3) If the weighted average PTC stock price as of September 30, 2022 was higher than the weighted average PTC stock price on September 30, 2025, the maximum number of PRSUs that could be earned was 100% of the PRSUs even if relative TSR was achieved above the 50th percentile. The stock price value was determined using a 30-day weighted average for the applicable period.

| ​ |     | ​ | ​ | 2026 PROXY STATEMENT | ​ | ​ |     | ​ | ​ | 41 | ​ |

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| 2025Highlights | ​ | ​ | ProxySummary | ​ |