Form 4: PTC Inc. Executive Catherine Kniker Reports Stock Transactions
SEC Form 4 Filing
Catherine Kniker, Chief Strategy Officer at PTC Inc., reports the vesting of restricted stock units and subsequent transactions to cover tax obligations.
Summary
- Catherine Kniker, Chief Strategy Officer of PTC Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2024, 710 restricted stock units vested, converting into common stock.
- Kniker then disposed of 227 shares at $181.81 to cover tax withholding obligations.
- Following these transactions, Kniker directly owns 14,347 shares of common stock and 1,420 restricted stock units.
- The restricted stock units were granted on March 13, 2023, and vest in three equal installments on March 15, 2024, 2025, and 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Power of attorney filed |
| 03/13/2023 | RSUs granted |
| 03/15/2024 | Restricted stock units vested; stock disposed of for tax obligations |
| 03/15/2024 | Date of transaction |
| 03/15/2025 | Next RSU vesting date |
| 03/15/2026 | Final RSU vesting date |
| 03/19/2024 | Date of signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.