Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 24

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 24
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 Earned |   |      |   | ​ |
| ​ | Three Year Relative TSR(1)(2) | ​ | ​ | ​ | 25th Percentile       | ​ | ​ | ​ | 50th Percentile     | ​ | ​ | ​ | 75th Percentile             | ​ | ​ | ​ | 90th Percentile     | ​ | ​ | ​ | ​      | ​ | —(3) | ​ | ​ |

(1) The comparison group of companies for the FY2023 relative TSR RSUs use the S&P 500 Software and Services Index, excluding seven services companies included in the Index, plus any FY2023 compensation peer group companies not included in that Index. (2) If the PTC weighted average stock price as of September 30, 2022 is higher than the PTC weighted average stock price as of September 30, 2025, the maximum number of RSUs that can be earned is 100% of the Target RSUs even if relative TSR is achieved above the 50 th percentile. The weighted average stock price is determined using a 30-day weighted average for the applicable period ending on September 30. (3) As the relative TSR RSUs have a three-year performance period ending September 30, 2025, no RSUs could be earned for FY2024. FY2022 PERFORMANCE-BASED RSU ACHIEVEMENT FOR FY2024

| ​ | Performance Measure        | ​ | ​ | ​ | Threshold(25% Earned) |   |     |   | ​ | ​ | ​ | Target(100% Earned) |   |     |   | ​ | ​ | ​ | Upside(200% Earned) |   |     |   | ​ | ​ | ​ | Achievement |   |     |   | ​ | ​ | ​ | Earned |   |     |   | ​ |
| ​ | AFCF Growth over FY2023(1) | ​ | ​ | ​ | ​                     | ​ | 10% | ​ | ​ | ​ | ​ | ​                   | ​ | 25% | ​ | ​ | ​ | ​ | ​                   | ​ | 40% | ​ | ​ | ​ | ​ | ​           | ​ | 22% | ​ | ​ | ​ | ​ | ​      | ​ | 85% | ​ | ​ |

| ​ | Performance Measure           | ​ | ​ | ​ | Threshold