Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 93

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 93
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 and certain performance- based RSUs and based on a Monte Carlo simulation model for relative total shareholder return (rTSR) performance RSUs. The weighted average fair value per share of RSUs granted in 2025, 2024 and 2023 was $186.37, $164.73 and $130.64, respectively.We account for forfeitures as they occur, rather than estimate expected forfeitures.As of September 30, 2025, total unrecognized compensation cost related to unvested RSUs expected to vest was approximately $201.5 million and the weighted average remaining recognition period for unvested RSUs was 18 months. As of September 30, 2025, the weighted average remaining vesting term for outstanding awards was 1.1 years.As of September 30, 2025, 4.9 million shares of common stock were available for grant under the equity incentive plan and 1.9 million shares of common stock were reserved for issuance upon vesting of RSUs granted and outstanding. 

F-31

The following table sets forth the restricted stock unit activity for the year ended September 30, 2025.

         (in thousands, except grant date fair value data)
          
         Shares

         WeightedAverageGrant DateFair Value

         AggregateIntrinsic Value

         Balance of outstanding RSUs at October 1, 2024

         2,064

         $
         147.92

         Granted(1)

         1,232

         $
         186.37

         Vested

         (1,300
         )
          
         $
         148.03

         Forfeited or not earned

         (100
         )
          
         $
         152.65

         Balance of outstanding RSUs at September 30, 2025

         1,896

         $
         173.53

         $
         384,917

       (1)RSUs granted include 17 shares from prior period rTSR awards that were earned upon achievement of the performance criteria and vested in November 2024 and 10 shares from prior period performance-based awards that were earned upon achievement of the performance criteria and vested in November 2024.The following table presents the number of RSU awards granted by award type:

         (in thousands)
          
         Year ended September 30, 2025

         Performance-based RSUs(1)

         94

         Service-based RSUs(