Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 38

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 38
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TABLE OF CONTENTS

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

(4) Performance-based RSUs eligible to vest in 2026 to the extent the three-year relative TSR performance measure is met. RSUs not earned for the three-year performance period are forfeited. (5) Service-based RSUs that vest over three years. One third of these RSUs vested on November 15, 2024 and the remaining two-thirds will vest in two substantially equal installments on November 15, 2025 and November 15, 2026. (6) Equity award under our annual incentive plan. Pursuant to the terms of Mr. Heppelmann’s Executive Agreement, upon termination pursuant to a Board-initiated CEO succession, a pro-rata portion based on the percentage of the fiscal year completed at the time of termination accelerated and vested at the target level. Mr. Heppelmann’s termination date of February 14, 2024 was known at the time of grant and the pro-rata percentage of the fiscal year that could be completed was reflected in the fair value of the stock award. (7) Performance-based RSUs based on an ARR performance measure that accelerated and vested at the target level upon termination pursuant to a Board-initiated CEO succession in accordance with the terms of Mr. Heppelmann’s Executive Agreement. Mr. Heppelmann’s termination date of February 14, 2024 was known at the time of grant and reflected in the fair value of the stock award. (8) Performance-based RSUs based on a relative TSR performance measure that accelerated and vested at the target level upon termination pursuant to a Board-initiated CEO succession in accordance with the terms of Mr. Heppelmann’s Executive Agreement. Mr. Heppelmann’s termination date of February 14, 2024 was known at the time of grant and reflected in the