---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-026350"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:44:14.765208+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# PTC appoints Janesh Moorjani (Elastic CFO/COO) to Board, effective June 7, 2023

## Summary
- Moorjani, 50, currently CFO and COO of Elastic N.V., joins PTC board and Audit Committee.
- Annual cash retainer $60k; annual equity retainer RSUs valued at ~$250k, prorated.
- One-time initial director RSU grant valued at $375k, vesting in two installments June 2024/2025.
- Audit Committee cash retainer of $15k, prorated and payable quarterly.

## SEC filing metadata
- accession: 0000950170-23-026350
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000095017023026350/0000950170-23-026350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000095017023026350/ptc-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026350
- JSON: https://secwatch.observer/filing/0000950170-23-026350.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026350.txt

## Key facts
- Executive change
  Janesh Moorjani was appointed as Director at PTC INC..
  - Action: appointed
  - Role: Director
  source text: On June 1, 2023, Janesh Moorjani was appointed to the Board of Directors of PTC Inc., effective as of June 7, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017023026350/0000950170-23-026350-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.