JAMES E. HEPPELMANN - 15 Nov 2023 Form 4 Insider Report for PTC INC. (PTC)

Role
CEO, Director
Signature
/s/Catherine Gorecki by power of attorney filed 11/2/2007
Issuer symbol
PTC
Transactions as of
15 Nov 2023
Net transactions value
-$16,379,993
Form type
4
Filing time
17 Nov 2023, 16:08:48 UTC
Previous filing
09 Dec 2022
Next filing
28 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTC Common Stock Options Exercise $0 +232,913 +27% $0.000000 1,102,974 15 Nov 2023 Direct
transaction PTC Common Stock Tax liability $16,379,993 -105,896 -9.6% $154.68 997,078 15 Nov 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 +141,346 $0.000000 141,346 15 Nov 2023 Common Stock 141,346 Direct F2, F3, F11
transaction PTC Restricted Stock Units Options Exercise $0 -141,346 -100% $0.000000* 0 15 Nov 2023 Common Stock 141,346 Direct F2, F3, F11
transaction PTC Restricted Stock Units Options Exercise $0 -17,603 -100% $0.000000* 0 15 Nov 2023 Common Stock 17,603 Direct F2, F4, F11
transaction PTC Restricted Stock Units Options Exercise $0 -13,817 -100% $0.000000* 0 15 Nov 2023 Common Stock 13,817 Direct F2, F5, F11
transaction PTC Restricted Stock Units Options Exercise $0 -13,201 -100% $0.000000* 0 15 Nov 2023 Common Stock 13,201 Direct F2, F6, F11
transaction PTC Restricted Stock Units Options Exercise $0 -13,931 -50% $0.000000 13,930 15 Nov 2023 Common Stock 13,931 Direct F2, F7, F11
transaction PTC Restricted Stock Units Options Exercise $0 -10,935 -61% $0.000000 6,965 15 Nov 2023 Common Stock 10,935 Direct F2, F8, F11
transaction PTC Restricted Stock Units Options Exercise $0 -9,243 -42% $0.000000 12,836 15 Nov 2023 Common Stock 9,243 Direct F2, F9, F11
transaction PTC Restricted Stock Units Options Exercise $0 -12,837 -33% $0.000000 25,674 15 Nov 2023 Common Stock 12,837 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.