PTC said on October 10, 2025 it appointed James Lico to the Board of Directors, effective as of October 13, 2025. He was also appointed to serve as a member of the Corporate Governance Committee of the Board of Directors.

1. 01

   PTC said on October 10, 2025 it appointed James Lico to the Board of Directors, effective as of October 13, 2025. He was also appointed to serve as a member of the Corporate Governance Committee of the Board of Directors.

2. 02

   The company said Mr. Lico served as President and Chief Executive Officer and a member of the board of directors of Fortive Corporation from July 2016 to June 2025 and currently serves as an advisor to Fortive. He joined Danaher Corporation in 1996 and served as Executive Vice President from 2005 to 2016.

3. 03

   PTC said Mr. Lico will be paid an annual cash retainer of $60,000, prorated for the current service year, and will be granted an annual equity retainer of RSUs valued at approximately $250,000 on the grant date, prorated for the current service year. These RSUs will vest on the earlier of the 2026 Annual Meeting of Shareholders and March 15, 2026.

4. 04

   The company said Mr. Lico will receive a one-time initial new director grant of RSUs valued at $375,000 on the grant date, which will vest in two substantially equal installments on 2026 and October 15, 2027. For his service on the Corporate Governance Committee, he will receive a cash retainer of $10,000, prorated for the service year.

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Original filing

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