Michael Ditullio - Nov 17, 2021 Form 4 Insider Report for PTC INC. (PTC)

Role
EVP, Velocity
Signature
/s/Catherine Gorecki by power of attorney filed 02/19/2020
Stock symbol
PTC
Transactions as of
Nov 17, 2021
Transactions value $
$0
Form type
4
Date filed
11/18/2021, 05:46 PM
Previous filing
Nov 17, 2021
Next filing
May 16, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PTC Restricted Stock Units Award $0 +5.75K $0.00 5.75K Nov 17, 2021 Common Stock 5.75K Direct F1, F2, F5
transaction PTC Restricted Stock Units Award $0 +5.75K $0.00 5.75K Nov 17, 2021 Common Stock 5.75K Direct F1, F3, F5
transaction PTC Restricted Stock Units Award $0 +11.5K $0.00 11.5K Nov 17, 2021 Common Stock 11.5K Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.
F2 Target performance-based RSUs that can be earned to the extent the cash flow performance-measure is met for each of the three performance periods. RSUs earned are eligible to vest in three substantially equal installments on November 15, 2022, 2023 and 2024.
F3 Target performance-based RSUs that can be earned to the extent the rTSR performance measure is met for FY24. RSUs earned will vest on November 15, 2024.
F4 Service-based RSUs that vest in three substantially equal installments on November 15, 2022, 2023 and 2024.
F5 This amount represents the total number of derivative securities beneficially owned of the class shown.