Form 4: PTC Inc. Executive Catherine Kniker Reports Stock Transactions
SEC Form 4 Filing
Catherine Kniker, Chief Strategy Officer of PTC Inc., reports the vesting of restricted stock units and subsequent stock transactions to cover tax obligations.
Summary
- Catherine Kniker, Chief Strategy Officer of PTC Inc., filed a Form 4 detailing changes in beneficial ownership of PTC stock.
- On May 15, 2024, 715 restricted stock units (RSUs) vested, each representing a contingent right to receive one share of PTC Inc. common stock.
- Kniker acquired 715 shares of common stock upon the vesting of these RSUs.
- To satisfy tax withholding obligations related to the vesting, 210 shares were tendered to the issuer at a price of $183.85 per share.
- Following these transactions, Kniker directly owns 14,852 shares of PTC Inc. common stock and 715 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates normal compensation and tax-related stock activity for a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Power of attorney filed for Sean McGrath. |
| 05/31/2022 | RSUs granted that vest in three substantially equal installments on May 15, 2023, 2024 and 2025. |
| 05/15/2024 | Vesting of 715 restricted stock units and related stock transactions. |
| 05/16/2024 | Date of signature for the Form 4 filing. |
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