Company: PTC
Filing Date: 2025-01-02
Form Type: DEF 14A
Source: 0001104659-25-000041
Chunk: 69

Company: PTC INC.
Filing Date: 2025-01-02
Form: DEF 14A
Chunk 69
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 Executive Officer. Howard Heppelmann was never an executive officer of PTC. For 2024, he was paid a salary of $317,423 and an incentive bonus of $126,000, and was granted $249,963 worth of service-based RSUs that were eligible to vest in three equal annual installments. The amounts paid were commensurate with those of his peers. Upon separation from service in October 2024 due to a change in PTC’s IoT strategy, he received a severance payment of $106,615, and, as required by law, a payment of $9,087 for accrued and unused PTO. He also became entitled to a COBRA subsidy for twelve months valued at $24,235, outplacement services valued at $9,100, and continued vesting of 4,257 RSUs held by him on the separation date. Delinquent Section 16(a) Reports Section 16(a) of the Exchange Act requires that our executive officers and directors and other persons who beneficially own more than 10% of a registered class of our equity securities file reports of ownership and reports of changes in ownership of shares and other equity securities with SEC. Based solely on our review of written representations provided to us by the reporting persons, we believe that all applicable ownership reporting requirements were complied with in the year ended September 30, 2024, other than Mr. von Staats for whom a Form 4 reporting a gift of 147 shares was filed 10 days late due to the failure of the broker to timely report the transaction to Mr. von Staats. Help Us Reduce Our Environmental Impact Eliminate Duplicate Materials Sent to Shareholders Sharing the Same Surname and Address Shareholders holding their shares in a brokerage account or bank account that share the same surname and address generally receive only one copy of the notice or materials. This practice conserves natural resources and reduces duplicate mailings and associated printing and postage costs. If you would like to receive a separate copy of the notice, our annual report and/or proxy statement, as applicable, or to receive separate copies of future mailings, please submit your request to the address or phone number that appears on your notice or proxy card. We will deliver such additional copies promptly upon receipt of such request. Shareholders receiving multiple copies at the same address may request that they receive only one. To do so, please submit your request to the address or phone number that appears on your notice or proxy card. Elect Electronic Delivery of Proxy Materials We