Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 53

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 53
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-PEO NEOs. Amounts deducted from the Average SCT total to calculate Average CAP to the Non-PEO NEOs for the years 2024, 2023, 2022 and 2021, respectively, include ($ 4,761,836), ($ 6,724,363), ($ 2,803,755), and ($ 3,486,115) for the average grant date fair value of stock awards. Amounts added to (or subtracted from) the Average SCT for the years 2024, 2023, 2022 and 2021, respectively also include: $ 5,109,749, $ 6,153,271, $ 2,935,187and $ 3,921,434for the average fair value of stock awards that were granted in the year and remain outstanding at the end of each respective year; $ 1,138,447, $ 936,590, $ 228,247and $ 1,478,895for the average change in fair value of stock awards that were granted in prior years and remain outstanding at the end of each respective year; $ 342,825, $ 862,031, ($ 9,017) and $ 359,468for the average change in fair value of stock awards that were granted in prior years and vested during each respective year; in 2023, $ 796,247for the average fair value of stock awards that were granted in and vested during 2023 (related to Neil Barua’s replacement of unvested equity in ServiceMax, Inc. upon our acquisition of ServiceMax in January 2023); and in 2021, ($ 406,668) for the average fair value of stock awards that were granted in prior years and failed to meet the applicable vesting conditions in 2021 (related to the cancellation of Kathleen Mitford’s outstanding and unvested stock awards upon her resignation from PTC in May 2021). (4) The peer group used for the Peer Group Total Shareholder Return was the S&P 500 Information Technology Index. (5) As reported in our Consolidated Statements of Operations for the applicable fiscal reporting year, as provided under Part II Item 8 of our Annual Report on Form 10-K. (6) We have identified free cash flowas the Company-selected measure to be included in this table, as it represents the most important financial performance measure, not otherwise required to be disclosed in