James E. Heppelmann - Nov 15, 2023 Form 4 Insider Report for PTC INC. (PTC)

Role
CEO, Director
Signature
/s/Catherine Gorecki by power of attorney filed 11/2/2007
Stock symbol
PTC
Transactions as of
Nov 15, 2023
Transactions value $
-$16,379,993
Form type
4
Date filed
11/17/2023, 04:08 PM
Previous filing
Dec 9, 2022
Next filing
Nov 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTC Common Stock Options Exercise $0 +233K +26.77% $0.00 1.1M Nov 15, 2023 Direct
transaction PTC Common Stock Tax liability -$16.4M -106K -9.6% $154.68 997K Nov 15, 2023 Direct F1

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 +141K $0.00 141K Nov 15, 2023 Common Stock 141K Direct F2, F3, F11
transaction PTC Restricted Stock Units Options Exercise $0 -141K -100% $0.00* 0 Nov 15, 2023 Common Stock 141K Direct F2, F3, F11
transaction PTC Restricted Stock Units Options Exercise $0 -17.6K -100% $0.00* 0 Nov 15, 2023 Common Stock 17.6K Direct F2, F4, F11
transaction PTC Restricted Stock Units Options Exercise $0 -13.8K -100% $0.00* 0 Nov 15, 2023 Common Stock 13.8K Direct F2, F5, F11
transaction PTC Restricted Stock Units Options Exercise $0 -13.2K -100% $0.00* 0 Nov 15, 2023 Common Stock 13.2K Direct F2, F6, F11
transaction PTC Restricted Stock Units Options Exercise $0 -13.9K -50% $0.00 13.9K Nov 15, 2023 Common Stock 13.9K Direct F2, F7, F11
transaction PTC Restricted Stock Units Options Exercise $0 -10.9K -61.09% $0.00 6.97K Nov 15, 2023 Common Stock 10.9K Direct F2, F8, F11
transaction PTC Restricted Stock Units Options Exercise $0 -9.24K -41.86% $0.00 12.8K Nov 15, 2023 Common Stock 9.24K Direct F2, F9, F11
transaction PTC Restricted Stock Units Options Exercise $0 -12.8K -33.33% $0.00 25.7K Nov 15, 2023 Common Stock 12.8K Direct F2, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Tendered to Issuer to satisfy tax withholding obligations of the Reporting Person incurred in connection with the vesting of the Reporting Person's restricted stock unit awards.
F2 Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.
F3 Performance-based RSUs granted on September 24, 2020 that could be earned for FY23 that were earned and vested on November 15, 2023.
F4 RSUs granted on November 17, 2020 that vested on November 15, 2023.
F5 Performance based RSUs granted on November 17, 2020 that could be earned for FY23 that were earned and vested on November 15, 2023.
F6 Performance based RSUs granted on November 17, 2020 that could be earned for FY23 that were earned and vested on November 15, 2023.
F7 RSUs granted on November 17, 2021 that vest in three substantially equal installments on November 15, 2022, 2023 and 2024.
F8 Performance-based RSUs granted on November 17, 2021 that vest to the extent earned in November 2022, 2023 and 2024.
F9 Performance-based RSUs granted on November 16, 2022 that vest to the extent earned in November 2023, 2024 and 2025.
F10 RSUs granted on November 16, 2022 that vest in three substantially equal installments on November 15, 2023, 2024 and 2025.
F11 This amount represents the total number of derivative securities beneficially owned of the class shown.