Company: PTC
Filing Date: 2025-12-23
Form Type: DEF 14A
Source: 0001104659-25-124170
Chunk: 57

Company: PTC INC.
Filing Date: 2025-12-23
Form: DEF 14A
Chunk 57
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for the change in fair value of stock awards that were granted in prior years and vested during the year. (2) Mr. Heppelmannserved as our PEO during 2021 and through February 13, 2024 (“Second PEO”). (3) For 2025, Kristian Talvitie, Robert Dahdah, Aaron von Staats, and Catherine Knikerwere the Non-PEO NEOs. For 2024, Kristian Talvitie, Michael DiTullio, Catherine Kniker, and Aaron von Staatswere the Non-PEO NEOs. For 2023, Neil Barua, Kristian Talvitie, Michael DiTullio, and Aaron von Staatswere the Non-PEO NEOs. For 2022, Kristian Talvitie, Michael DiTullio, Catherine Kniker, Aaron von Staats, and Troy Richardsonwere the Non-PEO NEOs. For 2021, Kristian Talvitie, Michael DiTullio, Aaron von Staats, Troy Richardson, and Kathleen Mitfordwere the Non-PEO NEOs. (4) Amounts deducted from the Average SCT total to calculate Average CAP to the Non-PEO NEOs for 2025 include ($ 7,210,097) for the average grant date fair value of stock awards. Amounts added to (or subtracted from) the Average SCT for 2025 include: $ 6,706,051for the average fair value of stock awards that were granted in the year and remain outstanding at the end of each respective year; $ 277,856for the average change in fair value of stock awards that were granted in prior years and remain outstanding at the end of each respective year; and $ 159,472for the average change in fair value of stock awards that were granted in prior years and vested during each respective year. (5) The peer group used for the Peer Group Total Shareholder Return was the S&P 500 Information Technology Index. (6) As reported in our Consolidated Statements of Operations for the applicable fiscal reporting year, as provided under Part II Item 8 of our Annual Report on Form 10-K. (7) We have identified free cash flowas the company-selected measure to be included in this table, as it represents the most important financial performance measure, not otherwise required to be disclosed in the table, used to link CAP to our executive officers to our performance. See