AI English summary of an SEC filing — figures as filed

PTC said it appointed Robert Bernshteyn to its Board of Directors on August 27, 2024, effective September 9, 2024. He was also appointed to the Compensation & People Committee.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Sep 3, 2024Period of report Aug 27, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

PTC said it appointed Robert Bernshteyn to its Board of Directors on August 27, 2024, effective September 9, 2024. He was also appointed to the Compensation & People Committee.
PTC said Robert Bernshteyn has been a General Partner at the venture capital firm ICONIQ Capital since February 2024. From February 2009 to May 2023, he served as Chief Executive Officer and Chair of the Board of Coupa Software Incorporated.
The company said Bernshteyn will receive an annual cash retainer of $60,000 (prorated for the current year, paid quarterly in arrears) and an annual RSU retainer valued at about $250,000 on the grant date (prorated). For his committee service, he will receive a cash retainer of $12,500 (prorated).
The company said it will grant Bernshteyn a one-time new director RSU award valued at $375,000 on the grant date, which will vest in two substantially equal installments on September 15, 2025 and September 15, 2026.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Robert Bernshteyn Appointed to Board

PTC said it appointed Robert Bernshteyn to its Board of Directors on August 27, 2024, effective September 9, 2024. He was also appointed to the Compensation & People Committee.

Source · Based on the filing body and exhibits

New Director's Professional Background

PTC said Robert Bernshteyn has been a General Partner at the venture capital firm ICONIQ Capital since February 2024. From February 2009 to May 2023, he served as Chief Executive Officer and Chair of the Board of Coupa Software Incorporated.

Source · Based on the filing body and exhibits

Director and Committee Cash and RSU Compensation

The company said Bernshteyn will receive an annual cash retainer of $60,000 (prorated for the current year, paid quarterly in arrears) and an annual RSU retainer valued at about $250,000 on the grant date (prorated). For his committee service, he will receive a cash retainer of $12,500 (prorated).

Source · Based on the filing body and exhibits

One-Time RSU Grant to New Director

The company said it will grant Bernshteyn a one-time new director RSU award valued at $375,000 on the grant date, which will vest in two substantially equal installments on September 15, 2025 and September 15, 2026.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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