Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 26

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 26
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 retention concerns, and other relevant factors, to determine annual target grant values. For 2025, the total annual LTI grant of our NEOs was comprised of a mix of our performance-based RSUs (“PRSUs”) and time-based RSUs. The CEO was granted a mix of 60% PRSUs and 40% RSUs, while other NEOs received a mix of 50% PRSUs and 50% RSUs of the total target annual grant value. Both award types settle in our common stock. The PRSUs are evenly split between Operating Performance PRSUs and Relative Total Shareholder Return (TSR) PRSUs. Performance award conditions are described in the following section. In 2025, the annual target grant values for our NEOs were as follows:

| ​ | Name              | ​ | ​ | ​ | Performance-Based LTIGrant Value |   |           |   | ​ | ​ | ​ | Time-Based LTI GrantValue |   |           |   | ​ | ​ | ​ | Total LTI GrantValue |   |            |   | ​ |
|:--|:------------------|:--|:--|:--|:---------------------------------|:--|----------:|:--|:--|:--|:--|:--------------------------|:--|----------:|:--|:--|:--|:--|:---------------------|:--|-----------:|:--|:--|
| ​ | Neil Barua        | ​ | ​ | ​ | ​                                | $ | 9,600,000 | ​ | ​ | ​ | ​ | ​                         | $ | 6,400,000 | ​ | ​ | ​ | ​ | ​                    | $ | 16,000,000 | ​ | ​ |
| ​ | Kristian Talvitie | ​ | ​ | ​ | ​                                | $ | 2,500,000 | ​ | ​ | ​ | ​ | ​                         | $ | 2,500,000 | ​ | ​ | ​ | ​ | ​                    | $ |  5,000,000 | ​ | ​ |
| ​ | Robert Dahdah     | ​ | ​ | ​ | ​                                | $ | 2,325,000 | ​ | ​ | ​ | ​ | ​                         | $ | 2,325,000 | ​ | ​ | ​ | ​ | ​                    | $ |  4,650,