# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0000928816-25-000733
**Filing Date:** 2025-6
**Character Count:** 3584
**Document Hash:** bbe7a2008dec7b2256cf0ef3bc8edd67
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000928816-25-000733.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0000928816-25-000733

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**EFFECTIVENESS DATE**: 20250624

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671

**ORGANIZATION NAME:**
- **EIN:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17486
- **FILM NUMBER:** 251066951

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT International Equity Fund (Series ID: S000003877)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010849 | Class IA Shares |  |
| C000010850 | Class IB Shares |  |

38969-P1 06/25

**SUPPLEMENT DATED JUNE 24, 2025**

**TO THE SUMMARY PROSPECTUS, PROSPECTUS AND**

**STATEMENT OF ADDITIONAL INFORMATION ("SAI")**

**OF PUTNAM VT INTERNATIONAL EQUITY FUND** 

**Effective June 30, 2025, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:**

**1)** **The following is added to the section titled "Fund summary – Your fund's management –Portfolio manager" in the Fund's Summary Prospectus and Prospectus:** 

**David Morgan**

Portfolio Manager of Franklin Templeton Investment Management Limited ("FTIML") and portfolio manager of the fund since June 2025

**2)** **The following replaces the section titled "Who oversees and manages the fund? – Portfolio manager" in the Fund's Prospectus:** 

**Portfolio managers.** The portfolio managers identified below are primarily responsible for the day-to-day management of the fund's portfolio:

**Vivek Gandhi, CFA Portfolio Manager of FTIML**<br> Mr. Gandhi has been a portfolio manager of the fund since 2018. He joined FTIML in 1999\*.

**David Morgan, Portfolio Manager of FTIML**

Mr. Morgan has been a portfolio manager of the fund since June 2025. He joined FTIML in 2020\*.

\*Effective November 1, 2024, Putnam Investments Limited, a sub-advisor to the fund prior to November 1, 2024, merged with and into FTIML.

**3)** **The following is added to the table in the section titled "PORTFOLIO MANAGERS – Other Accounts Managed by the Portfolio Managers – VT International Equity Fund" in the Fund's SAI:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio**<br> **Manager**<br>| &nbsp;&nbsp; **Type of Account**<br>| &nbsp;&nbsp; **Number of<br> Accounts<br> Managed**<br>| &nbsp;&nbsp; **Total Assets<br> Managed<br> (Millions) ($)**<br>| &nbsp;&nbsp; **Number of<br> Accounts<br> Managed for<br> which Advisory<br> Fee is<br> Performance-<br> Based**<br>| &nbsp;&nbsp; **Assets<br> Managed for<br> which Advisory<br> Fee is<br> Performance<br> Based<br> (Millions) ($)**<br>|
| David Morgan\* | &nbsp;&nbsp;Registered Investment Companies |  |  |  |  |
|  | &nbsp;&nbsp;Other Pooled Investment Vehicles |  |  |  |  |
|  | &nbsp;&nbsp;Other Accounts |  |  |  |  |

---

\*Information provided as of May 31, 2025.

*Shareholders should retain this Supplement for future reference.*

![](image_002.jpg)