Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 68

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 68
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 and to make ministerial changes, clarifications, and other conforming revisions. The foregoing description of the Amended and Restated By-Laws does not purport to be complete and is qualified by reference to the full Amended and Restated By-Laws, which are filed as Exhibit 3.2 to our 2024 Annual Report on Form 10-K. Transactions with Related Persons Review of Transactions with Related Persons We have a written policy regarding the review, approval, and ratification of transactions involving related persons. Related persons include our directors, executive officers, and persons or entities that beneficially own more than 5% of our outstanding common stock and their respective immediate family members as defined in applicable SEC regulations. Our Audit Committee is responsible for reviewing and approving or ratifying any related party transaction exceeding a specified threshold (unless such transaction involves the compensation of an executive officer whose compensation is reviewed and approved by the Compensation and People Committee). In reviewing such transactions, the Audit Committee considers whether: • The transaction has an appropriate business purpose;

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TABLE OF CONTENTS

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| 2024Highlights | ​ | ​ | ProxySummary | ​ | ​ | CorporateGovernance | ​ | ​ | ExecutiveCompensation | ​ | ​ | AuditorMatters | ​ | ​ | PTC StockOwnership | ​ | ​ | Annual MeetingInformation | ​ | ​ | OtherGovernance | ​ | ​ | Appendix A | ​ |

• It is necessary or desirable for PTC to enter into the transaction at that time; • The amount of consideration to be paid or received by PTC is appropriate; and • Entering into the transaction with the related person rather than an independent third party is desirable. All related person transactions described below were reviewed and approved by the Audit Committee in accordance with such policy. Transactions with Related Persons Howard Heppelmann served as PTC’s Divisional Vice President, IoT, through May 2024, and as Senior Strategic Advisor, Products, through September 2024. Howard Heppelmann is the brother of James Heppelmann, our former Chief