Form 4: PTC Inc. Director Robert Bernshteyn Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Robert Bernshteyn reports acquisition of restricted stock units in PTC Inc.
Summary
- Robert Bernshteyn, a director of PTC Inc., reported the acquisition of restricted stock units.
- On September 9, 2024, Bernshteyn acquired 648 restricted stock units that vest on the earlier of PTC's 2025 Annual Stockholder Meeting or March 15, 2025.
- Additionally, Bernshteyn acquired 2,234 restricted stock units on the same date, vesting in two equal installments on September 15, 2025, and September 15, 2026.
- Following these transactions, Bernshteyn directly owns 648 and 2,234 restricted stock units respectively.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock unit acquisitions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock unit acquisitions by a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The acquisition of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Power of attorney filed by Catherine Gorecki |
| 09/09/2024 | Date of transaction: Acquisition of restricted stock units |
| 09/11/2024 | Date of report |
| March 15, 2025 | Earlier vesting date for 648 restricted stock units |
| September 15, 2025 | First vesting installment for 2,234 restricted stock units |
| September 15, 2026 | Second vesting installment for 2,234 restricted stock units |
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