secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0000950170-23-026350
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000095017023026350/0000950170-23-026350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000095017023026350/ptc-20230601.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer