secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001193125-24-211593
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PTC appoints Robert Bernshteyn to Board of Directors effective Sept 9, 2024
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- Bernshteyn, former CEO & Chair of Coupa Software (2009-2023) and current GP at ICONIQ Capital, joins PTC board.
- Appointed to Compensation & People Committee; receives annual cash retainer of $60K (pro-rated).
- Annual equity retainer of RSUs valued at ~$250K (pro-rated); one-time initial grant of RSUs valued at $375K vesting in 2025 and 2026.
- Committee cash retainer of $12.5K pro-rated, payable quarterly in arrears.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000119312524211593/0001193125-24-211593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000119312524211593/d887948d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-211593

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