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
$0
Form type
4
Filing time
17 Nov 2023, 16:12:58 UTC
Previous filing
09 Dec 2022
Next filing
28 Nov 2023
SEC
View on sec.gov

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 +12,121 $0.000000 12,121 15 Nov 2023 Common Stock 12,121 Direct F1, F2, F6
transaction PTC Restricted Stock Units Award $0 +12,121 $0.000000 12,121 15 Nov 2023 Common Stock 12,121 Direct F1, F3, F6
transaction PTC Restricted Stock Units Award $0 +24,243 $0.000000 24,243 15 Nov 2023 Common Stock 24,243 Direct F1, F4, F6
transaction PTC Restricted Stock Units Award $0 +10,990 $0.000000 10,990 15 Nov 2023 Common Stock 10,990 Direct F1, F5, F6
* 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 Performance based RSUs granted on November 15, 2023 eligible to vest to the extent earned in three substantially equal installments on November 15, 2024, 2025 and 2026.
F3 Performance based RSUs granted on November 15, 2023 eligible to vest to the extent earned in one installment on November 15, 2026.
F4 RSUs granted on November 15, 2023 eligible to vest in three substantially equal installments on November 15, 2024, 2025 and 2026.
F5 Performance based RSUs granted under our FY24 Corporate Incentive Plan eligible to vest on November 15, 2024.
F6 This amount represents the total number of derivative securities beneficially owned of the class shown.