PTC CEO Neil Barua Exercises RSUs; 5,547 Shares Tendered

What Happened

• Neil Barua, President and CEO of PTC Inc. (PTC), had 11,471 restricted stock units (RSUs) convert to common shares on August 15, 2026. Of those, 5,547 shares were tendered back to the issuer to satisfy tax-withholding obligations at $149.75 per share, generating $830,663. The conversion/vesting is recorded as an exercise/conversion of a derivative (code M) and the withholding as a disposition for tax (code F). This is a routine vesting and tax-withholding transaction, not an open-market sale or purchase.

Key Details

• Transaction date(s): August 15, 2026; Form 4 filed August 17, 2026.
• Conversion/vesting: 11,471 RSUs converted to shares at $0.00 (code M).
• Tax withholding: 5,547 shares tendered at $149.75 each for $830,663 (code F, footnote F1).
• Net shares retained from this vesting: 11,471 − 5,547 = 5,924 newly issued shares retained by the insider.
• Footnotes: F1 = shares tendered to issuer for tax withholding; F2 = each RSU equals one share; F3 = RSUs granted July 27, 2023, vested Aug 15, 2026; F4 = notes the reported number of derivative securities.
• Shares owned following the transaction (total common stock holdings) are not specified in the filing.
• Filing timeliness: Form filed Aug 17 covering Aug 15 transactions; filing does not indicate a late report.

Context

• RSU conversions and tendering shares for tax withholding are common and generally routine; they do not necessarily signal the insider's view on the company’s shares. Here, the event was an RSU vesting with a portion of shares surrendered to cover required taxes (a cashless/tendered-to-issuer withholding), not a discretionary open-market sale.