PTC Inc.

Appointment of New Director On March 12, 2022, Amar Hanspal was appointed to the Board of Directors of PTC, effective as of April 1, 2022. Mr. Hanspal served as Chief Executive Officer at Bright Machines, Inc., a software company that focuses on factory automation combining robotics, machine vision and machine learning software, from May 2018 to December 2021. Before that, Mr. Hanspal served as co-CEO at Autodesk from February 2017 to June 2017, where he was instrumental in transitioning the company from an on-premise technology and software licensing model to a SaaS-based products and subscription model. Before that, he held roles at Autodesk that included Chief Product Officer from November 2011 to February 2017, Senior Vice President of Platform Solutions and Emerging Business, and Vice President of Collaboration Solutions. Mr.

Appointment of New Director On December 13, 2021, Michal Katz was appointed to the Board of Directors of PTC, effective as of February 8, 2022. Ms. Katz, age 54, has served as head of corporate investment banking for the Americas for Mizuho Financial Group, Inc. since November 2019. Prior to that, Ms. Katz was a Managing Director and Co-Head of the Global Technology Investment Banking Group at RBC Capital Markets, LLC from 2013 to August 2019 and then an employee of RBC on garden leave through October 2019. She served as Managing Director and Global Head, Software, at Barclays Capital Inc. from 2008 to 2013, and prior to that served as Managing Director and in other roles at Lehman Brothers Inc. from 1996 to 2008. Ms. Katz earned a B.A. in political science from the Binghamton University and a J.D. from New York University. Ms.

On November 3, 2021, Troy Richardson, our Executive Vice President, Chief Operating Officer, was promoted to President, Digital Thread Solutions. His promotion is effective November 3, 2021. Section 9 – Financial Statements and Exhibits

of the January 20, 2021 Form 8-K is hereby incorporated by reference.

On June 11, 2021, Phillip Fernandez resigned from the Board of Directors of PTC Inc. (the “Company”), effective June 16, 2021. Mr. Fernandez’s resignation was for personal reasons and not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

On April 21, 2021, Kathleen Mitford, our Executive Vice President, Chief Strategy Officer, resigned to pursue another career opportunity. Her resignation is effective May 14, 2021. Catherine Kniker, a PTC veteran, will assume the Chief Strategy Officer role.

Appointment of New Director On January 13, 2021, Mark Benjamin was appointed to the Board of Directors of PTC, effective as of February 10, 2021. Mr. Benjamin, age 50, has served as the Chief Executive Officer and a Director of Nuance Communications, Inc., a software company that provides speech recognition solutions powered by artificial intelligence, since April 2018. Before that, he served as President and Chief Operating Officer of NCR Corporation, a provider of enterprise software, hardware and services, from October 2016 to March 2018. Before that he spent over 20 years in various leadership positions at Automatic Data Processing, Inc. (ADP), a provider of human resources management software and services, including as President of Global Enterprise Solutions at from July 2013 to October 2016. Mr.

New Assignment for Leader of Global Sales On January 15, 2021, in connection with the closing of the Arena SaaS PLM acquisition, Michael DiTullio, Executive Vice President, Global Sales, was appointed to lead PTC’s expanded SaaS Business Unit. Jamie Pappas, a PTC Sales veteran, will assume the position of Executive Vice President, Global Sales. Section 7 – Regulation FD

Appointment of New Chief Operating Officer On November 10, 2020, PTC announced the appointment of Troy K. Richardson as PTC’s Executive Vice President, Chief Operating Officer effective November 16, 2020. Troy Richardson, age 58, currently serves as the Senior Vice President, Head of Global Sales for DXC Technology, a $20 Billion leading IT services company, and has done so since July 2019. Previously, he served as the Senior Vice President, General Manager, Enterprise and Cloud Applications for DXC from April 2017 through July 2019. Mr. Richardson was the General Manager, Global Sales Leader for CSC, an information and technology services company, from December 2015 through April 2017, and the Senior Vice President, Strategic Alliances for Oracle Corporation from May 2014 through December 2015. Before that, Mr.

On September 30, 2020, PTC Inc. (“PTC” or the “Company”) entered into a new retention and performance-based compensation arrangement with James Heppelmann, President and Chief Executive Officer of PTC. This arrangement, which was developed and approved by the Compensation Committee of the Board of Directors, includes a new Executive Agreement and a performance-based equity grant designed to further motivate and retain Mr. Heppelmann. The Executive Agreement has a three-year term that expires on September 30, 2023 and provides certain compensation and employment protections to Mr. Heppelmann. The Executive Agreement replaces a similar one-year agreement that the Company had with Mr. Heppelmann. In addition to the compensation and protections that were included in the prior agreement, the new Executive Agreement provides that, upon termination of Mr.

Departure of Named Executive Officer On November 17, 2019, Matthew Cohen, our Executive Vice President of Field Operations, resigned to pursue another career opportunity. His resignation is effective November 29, 2019. Section 9 - Financial Statements and Exhibits

Appointment of New Chief Financial Officer On April 24, 2019, PTC announced the April 16, 2019 appointment of Kristian Talvitie as PTC’s Executive Vice President, Chief Financial Officer effective May 15, 2019. Kristian Talvitie, age 49, has been the Chief Financial Officer of Syncsort Incorporated, a private software company specializing in Big Data, high speed sorting products and data integration software and services since October 2018. He served as Chief Financial Officer of Sovos Compliance, LLC, a private SaaS software company specializing in tax compliance software from July 2016 to October 2018, and served as the Corporate Vice President, Finance of PTC from July 2013 to July 2016 and as the Senior Vice President, Financial Planning and Analysis and Investor Relations of PTC from November 2010 to July 2013. Mr.

Change of Duties of Named Executive Officer On April 15, 2019, the Human Resources and Marketing responsibilities of Barry Cohen, Executive Vice President and Chief Strategy Officer, were assigned to other employees. Mr. Cohen retains responsibility for Strategy and for our Academic Programs.

On January 16, 2019, Andy Miller, our Executive Vice President and Chief Financial Officer, informed us of his intention to retire in 2019 after the appointment of his successor; accordingly, the effective date of his departure is not known at this time.

On September 12, 2018, in connection with notice of his intent to retire, we amended all outstanding unvested equity awards held by Mr. Anthony DiBona to provide that they will continue to vest in accordance with their terms, including performance-based conditions, after his retirement. Mr. DiBona will be responsible for our strategic alliance with Rockwell Automation and transitioning his responsibilities with respect to that alliance until his retirement on March 31, 2019. Section 9 – Financial Statements and Exhibits

Election of Director Pursuant to the Purchase Agreement, the Company’s Board of Directors elected Mr. Blake Moret as a director of the Company effective as of July 19, 2018, to serve until the Company’s 2019 Annual Meeting of Stockholders. Mr. Moret, age 55, has been the President and Chief Executive Officer of Rockwell Automation since July 2016. He previously served as Senior Vice President, Control Products and Solutions of Rockwell Automation from April 2011 until July 2016. He also serves as a director or member of a number of business, civic and community organizations. Mr. Moret received his bachelor’s degree in mechanical engineering from the Georgia Institute of Technology. Mr. Moret was appointed to the Corporate Governance Committee of the Company’s Board of Directors upon election. In addition to the transactions set forth in

On January 30, 2018, Craig Hayman resigned effective as of February 13, 2018 to become the Chief Executive Officer of Aveva Group plc. Section 7 – Regulation FD

Election of Director The PTC Inc. Board of Directors elected Dr. Corinna Lathan as a director of the company effective as of August 15, 2017, to serve until the 2018 Annual Meeting of Stockholders. Dr. Lathan, age 49, is the Chief Executive Officer, Co-Founder and Chair of the Board of AnthroTronix, Inc., a biomedical engineering research and development company. Prior to that, Dr. Lathan was an Associate Professor of Biomedical Engineering at The Catholic University of America and an Adjunct Associate Professor of Aerospace Engineering at the University of Maryland, College Park. Dr. Lathan received her B.A. in Biopsychology and Mathematics from Swarthmore College, and an S.M. in Aeronautics and Astronautics and Ph.D. in Neuroscience from MIT. Dr. Lathan was appointed to the Audit Committee of the Board upon election. Dr.

Appointment of Chief Operating Officer On January 31, 2017, PTC appointed Craig Hayman to the role of Chief Operating Officer (COO). Mr. Hayman, age 53, has served as our Solutions Group President since November 2015, when he joined PTC. Mr. Hayman was the President of eBay Enterprise, an e-commerce platform business, from July 2014 to November 2015. Before that, Mr. Hayman was the General Manager of the Software as a Service and Industry Solutions business at IBM, an information technology and services company, from August 2010 to June 2014. Before that, Mr. Hayman held a number of other executive positions at IBM.

Approval of Amendment to 2000 Equity Incentive Plan On March 2, 2016, at the 2016 Annual Meeting of Stockholders, PTC stockholders approved an amendment to PTC's 2000 Equity Incentive Plan (2000 EIP) increasing by 4,000,000 the number of shares available for issuance under the 2000 EIP to 38,300,000. All other terms and conditions of the 2000 EIP remained the same. The 2000 EIP provides for grants of stock options, stock, restricted stock, restricted stock units and stock appreciation rights to employees (including our executive officers), directors and consultants capable of contributing to the success of PTC. This description of the 2000 EIP is qualified in its entirety by the full text of 2000 EIP, which is filed as Exhibit 10.1 and incorporated into this description by this reference.

Election of Director On February 24, 2016, the PTC Inc. Board of Directors elected Phillip Fernandez as a director of the company, effective immediately after the 2016 Annual Meeting of Stockholders to be held on March 2, 2016, to serve until the 2017 Annual Meeting of Stockholders. Mr. Fernandez, age 55, is the President, Chief Executive Officer and Chairman of the Board of Marketo, Inc., a digital marketing software company, a position he has held since January 2006. Prior to that, Mr. Fernandez was with Epiphany, Inc., a marketing software company acquired by SSA Global Technologies, Inc., from 1999 to 2005, including as President and Chief Operating Officer from July 2003 until September 2005. Compensation for Mr. Fernandez was not established at his election, but will be established when the compensation for all directors is determined for the year on March 2, 2016. Mr.