Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 47

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 47
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 terms of such agreement, Mr. Heppelmann executed a release of claims against PTC.

| ​ 
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 ​ | James Heppelmann, Former Chief Executive Officer 
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 Compensation Element                             | ​ 
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 ​ | ​ 
 ​ | Separation Benefits due under Executive Agreement for Separation in Connection CEO Succession 
 Amount                                                                                        | ​ | ​ | ​ | Payment Term | ​ | ​ | ​ | Value |   |            |   | ​ 
 ​ 
 ​ |
|:--|:-------------------------------------------------|:--|:--|:--|:----------------------------------------------------------------------------------------------|:--|:--|:--|:-------------|:--|:--|:--|:------|:--|-----------:|:--|:--|
| ​ | Base Salary                                      | ​ | ​ | ​ | 2x                                                                                            | ​ | ​ | ​ | 2 Years      | ​ | ​ | ​ | ​     | $ |  1,700,000 | ​ | ​ |
| ​ | Target Bonus                                     | ​ | ​ | ​ | 2x(1)                                                                                         | ​ | ​ | ​ | 2 Years      | ​ | ​ | ​ | ​     | $ |  3,367,317 | ​ | ​ |
| ​ | Pro-Rated Target Bonus                           | ​ | ​ | ​ | —                                                                                             | ​ | ​ | ​ | ​            | ​ | ​ | ​ | ​     | ​ |          — | ​ | ​ |
| ​ | Accelerated Equity                               | ​ | ​ | ​ | 100%(2)                                                                                       | ​ | ​ | ​ | Upon Event   | ​ | ​ | ​ | ​     | $ | 27,454,879 | ​ | ​ |
| ​ | Benefits Continuation                            | ​ | ​ | ​ | 2x                                                                                            | ​ | ​ | ​ | 2 Years      | ​ | ​ | ​ | ​     | $ |     54,369 | ​ | ​ |
| ​ | Gross-Up Payment                                 | ​ | ​ | ​ | —                                                                                             | ​ | ​ | ​ | ​            | ​ | ​ | ​ | ​     | ​ |          — | ​ | ​ |
| ​ | Total                                            | ​ | ​ | ​ | ​                                                                                             | ​ | ​ | ​ | ​            | ​ | ​ | ​ | ​     | $ | 32,576,565 | ​ | ​