Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 33

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 33
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 ​ | CorporateGovernance | ​ | ​ | ExecutiveCompensation | ​ | ​ | AuditorMatters | ​ | ​ | PTC StockOwnership | ​ | ​ | Annual MeetingInformation | ​ | ​ | OtherGovernance | ​ | ​ | Appendix A | ​ |

How W e Set Executive Compensation Compensation and People Committee Role The Compensation and People Committee is comprised entirely of independent directors and establishes and reviews the compensation for our named executive officers annually. The roles and responsibilities of the Committee are set forth in the written charter adopted by our Board of Directors, which can be found on the investor relations section of PTC’s website under Governance. Independent Compensation Consultant The Committee engaged Pearl Meyer & Partners, LLC as its independent compensation consultant for 2025. The Committee assessed the independence of Pearl Meyer and determined that Pearl Meyer is independent of PTC and has no relationships that could create a conflict of interest with PTC. As part of its assessment, the Committee considered the fact that Pearl Meyer provides no other services to PTC and consults with PTC’s management only as necessary to provide the services described below. Pearl Meyer provides a range of services to the Committee to support the Committee in fulfilling its responsibilities, including providing: • Legislative and regulatory updates; • Peer group compensation data; • Advice on competitive executive compensation arrangements; • Advice on the structure and competitiveness of our compensation programs; and • Advice on the consistency of our programs with our executive compensation philosophy. Pearl Meyer attends Committee meetings, reviews compensation data with the Committee, and participates in discussions regarding executive compensation issues. The Committee meets with Pearl Meyer with and without PTC management present. Pearl Meyer was paid $224,596 for services to the Committee in 2025. No other compensation was paid to Pearl Meyer by the company for 2025. Consultation with Management Members of management, including our Chief Executive Officer and Chief People Officer, participate in Committee meetings as requested by the Committee to discuss the materials provided, including those related to recommendations on executive pay, competitive market practices and performance measures. Although the members of management provide their views, decisions on executive compensation are made solely by the Committee and, in the case of the Chief Executive Officer’s compensation, without the presence of the Chief Executive Officer. Determination of the Total Amount of Compensation We make decisions regarding the amount and mix of compensation for our executives based on: • Objective data provided by Pearl Meyer (the “competitive analysis”); • Analysis of the scope of each executive’s responsibilities; and • Internal pay equity among the executives. We use