Earnings Feed
Start Free
PTC INC.·4

Feb 12, 4:23 PM ET

Lathan Corinna 4

Research Summary

AI-generated summary

Updated

PTC Director Corinna Lathan Exercises RSUs, Receives New RSU Award

What Happened

  • Corinna Lathan, a director of PTC Inc. (PTC), had 1,500 derivative units converted/exercised on Feb 11, 2026 (reported as $0.00 exercise price) and the filing also shows a grant of 1,703 restricted stock units (RSUs) on the same date. The conversions/award show $0.00 per share because these were RSU/derivative transactions, not open-market purchases or option buys with cash paid.
  • The converted 1,500 derivative securities were also reported as disposed the same day (reported at $0.00), and the 1,703 RSUs are newly granted derivative awards that vest in 2027 per the grant terms.

Key Details

  • Transaction date: 2026-02-11 (filing date 2026-02-12 — timely)
  • Transactions reported: M (exercise/conversion of derivative) — 1,500 shares acquired at $0.00 and 1,500 shares disposed at $0.00; A (award/grant) — 1,703 RSUs granted at $0.00
  • Vesting/award notes: the 1,500 were from a Feb 12, 2025 time-based RSU grant that vested Feb 11, 2026 (F2). The 1,703 are time-based RSUs granted Feb 11, 2026 that vest by PTC’s 2027 Annual Meeting or March 15, 2027, whichever is earlier (F3). Each RSU represents a right to one share (F1).
  • Shares owned after the transaction: the filing excerpt provided does not state the total common shares or total derivative securities held after these transactions (see filing footnote F4 for how derivative holdings are reported).
  • Filing timeliness: Filed the next day (not marked late).

Context

  • These were RSU/derivative actions, not open-market buys or typical option purchases. The 1,500 units were converted/settled and then reported disposed the same day; the filing does not specify whether the disposition was an open-market sale, tax withholding, or another settlement method. The 1,703 RSUs are a new time-based award with future vesting and do not reflect immediate share sales or purchases.
  • For retail investors: grants and vesting of RSUs are common parts of executive/director compensation and do not by themselves indicate a buy or sell sentiment in the market.