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

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 25
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(50% Earned) | ​ | ​ | ​ | Target(100% Earned) | ​ | ​ | ​ | Interim Upside(150% Earned) | ​ | ​ | ​ | Upside(200% Earned) | ​ | ​ | ​ | Achievement     | ​ | ​ | ​ | Earned |   |         |   | ​ |
| ​ | Three Year Relative TSR(2)(3) | ​ | ​ | ​ | 25th Percentile       | ​ | ​ | ​ | 50th Percentile     | ​ | ​ | ​ | 75th Percentile             | ​ | ​ | ​ | 90th Percentile     | ​ | ​ | ​ | 71st Percentile | ​ | ​ | ​ | ​      | ​ | 142%(3) | ​ | ​ |

(1) The adjusted free cash flow (AFCF) measure is described and reconciled in Appendix A. (2) The FY2022 relative TSR performance-based RSUs use the S&P 500 Software & Services Index, excluding five services companies then included in the Index, plus compensation peer group companies not included in the Index, as the comparison group. (3) If the weighted average PTC stock price as of September 30, 2021 was higher than the weighted average PTC stock price on September 30, 2024, the maximum number of RSUs that could be earned was 100% of the RSUs even if relative TSR was achieved above the 50th percentile. The stock price value is determined using a 30-day weighted average for the applicable period.

| ​ | 30 | ​ | ​ |     | ​ | ​ | 2025 PROXY STATEMENT | ​ | ​ |     | ​ |

TABLE OF CONTENTS

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

FY2024 Compensation