Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 19

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 19
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 2025Highlights | ​ | ​ | ProxySummary | ​ | ​ | CorporateGovernance | ​ | ​ | ExecutiveCompensation | ​ | ​ | AuditorMatters | ​ | ​ | PTC StockOwnership | ​ | ​ | Annual MeetingInformation | ​ | ​ | OtherGovernance | ​ | ​ | Appendix A | ​ |

PTC’s 2025 Performance Highlights 2025 was a solid year of execution and focus for PTC. We achieved record operating and free cash flow, sharpened our focus on our Intelligent Product Lifecycle vision, established clear momentum with our go-to-market transformation, and executed well on our commercial optimization initiatives. The compensation for our NEOs in 2025 reflects their contributions to PTC’s success, aligning with our financial results and the interests of our stockholders.

| ​ | ​ | ARR    | ​ | ​ | ​ | ARR CONSTANT CURRENCY | ​ | ​ | ​ | OPERATING CASH FLOW | ​ | ​ | ​ | FREE CASH FLOW | ​ | ​ |
| ​ | ​ |        | ​ | ​ | ​ |                       | ​ | ​ | ​ |                     | ​ | ​ | ​ |                | ​ | ​ |
| ​ | ​ | $2.48B | ​ | ​ | ​ | $2.45B                | ​ | ​ | ​ | $868M               | ​ | ​ | ​ | $857M          | ​ | ​ |

ARR (Annual Run Rate) is the value of our portfolio of recurring revenue contracts at the end of the period. Free cash flow is cash flow from operations net of capital expenditures. These measures are described and reconciled in Appendix A. Changes for Fiscal 2025 • CEO Long-Term Incentive Design: Increased the performance-based portion of our CEO’s 2025 target annual equity award, raising PRSUs from 50% to 60% of the annual award to further emphasize pay-for-performance. • NEO Annual Incentive Plan Design: Incorporated an individual performance modifier into the short-term incentive plan for NEOs, enabling structured, informed discretion in evaluating individual performance. The Committee may adjust awards downward based on factors such as strategic initiative outcomes, execution of critical responsibilities, and leadership achievements.

| ​ | 30 | ​ | ​ |     | ​ | ​ | 2026 PROXY STATEMENT | ​ | ​ |     | ​ |

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