secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0001564590-22-010453
Event type: leadership
Sentiment:  positive
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000156459022010453/0001564590-22-010453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000156459022010453/ptc-8k_20220312.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-010453

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