---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-010453"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2022-03-15T23:59:59+00:00"
generated_at: "2026-06-26T23:00:34.305769+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# PTC appoints Amar Hanspal to board of directors effective April 1, 2022

## Summary
- Amar Hanspal, 58, former Bright Machines CEO and Autodesk co-CEO appointed to PTC board.
- Hanspal led Autodesk's transition from on-premise to SaaS-based subscription model.
- Annual cash retainer of $51,800 plus annual equity RSUs valued at ~$215,753.
- One-time onboarding RSU grant of $375,000 vesting in two equal annual installments.
- Committee assignments to be determined at a later date.

## SEC filing metadata
- accession: 0001564590-22-010453
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2022-03-15T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000156459022010453/0001564590-22-010453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000156459022010453/ptc-8k_20220312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-010453
- JSON: https://secwatch.observer/filing/0001564590-22-010453.json
- Plain text: https://secwatch.observer/filing/0001564590-22-010453.txt

## Key facts
- Executive change
  Amar Hanspal was appointed as Director at PTC INC..
  - Action: appointed
  - Role: Director
  source text: On March 12, 2022, Amar Hanspal was appointed to the Board of Directors of PTC, effective as of April 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000156459022010453/0001564590-22-010453-index.htm

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