Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 29

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 29
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 CONTENTS

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| 2025Highlights | ​ | ​ | ProxySummary | ​ | ​ | CorporateGovernance | ​ | ​ | ExecutiveCompensation | ​ | ​ | AuditorMatters | ​ | ​ | PTC StockOwnership | ​ | ​ | Annual MeetingInformation | ​ | ​ | OtherGovernance | ​ | ​ | Appendix A | ​ |

At the start of the fiscal year, the Committee established the ARR Growth performance goals for all performance periods based on alignment with our financial operating plan. The following chart shows the performance goals established for the 2025 operating performance PRSUs.

| ​ | Grant | ​ | ​ | ​ | Performance Measure | ​ | ​ | ​ | Threshold(1)(50% Earned) |   |    |   | ​ | ​ | ​ | Target(1)(100% Earned) |   |    |   | ​ | ​ | ​ | Upside(1)(200% Earned) |   |     |   | ​ |
| ​ |  2025 | ​ | ​ | ​ | Annual ARR Growth   | ​ | ​ | ​ | ​                        | ​ | 6% | ​ | ​ | ​ | ​ | ​                      | ​ | 9% | ​ | ​ | ​ | ​ | ​                      | ​ | 12% | ​ | ​ |

(1) Linear interpolation applies for performance between levels. No payouts are earned for performance below threshold level. 2025 Relative TSR PRSUs Goals For 2025, the Committee maintained its approach from last year to establish a Relative TSR comparison group. This comparison group is comprised of a custom group of S&P Software & Services companies with market capitalizations of more than $5 Billion plus the company’s compensation peer group. This comparison group was selected due to its reasonable sample size, industry relevance, and strong stock price correlation with PTC. The achievement targets were established on the grant date. The 2025 Relative TSR PRSU awards have a one 3-year performance period that will end September 30, 2027. The following chart shows the performance goals established by the Committee for the 2025 grant.

| ​ | Grant Year | ​ |