Neil Barua
Also at PTC Inc
About
Neil Barua is the current President and Chief Executive Officer at PTC, celebrated for his strategic leadership and deep expertise in technology-driven transformations.
Before taking the helm at PTC, he served as the CEO of ServiceMax, Inc., where he led significant innovations in cloud-native, product-centric field service management software, and as the CEO at IPC Systems, Inc., where he guided the company through its SaaS transformation.
Beyond his executive roles, his career includes serving as an Operating Partner at Silver Lake, which further bolstered his experience in technology investments and operational management. His leadership has been characterized by a dedication to driving growth, fostering innovation, and effectively managing complex business transitions.
$PTC Performance Under Neil Barua
Past Roles
Organization | Role | Date Range | Details |
---|---|---|---|
PTC | CEO-Elect | July 2023 - February 2024 | Led transition prior to his appointment as CEO |
PTC | President of the Service Lifecycle Management Business | January 2023 - July 2023 | Oversaw service lifecycle operations |
ServiceMax, Inc. | Chief Executive Officer | April 2019 - January 2023 | Led the company until its acquisition by PTC |
IPC Systems, Inc. | Chief Executive Officer | 2014 - 2018 | Provided specialized technology solutions for financial services |
Silver Lake and Francisco Partners | Operating Partner | N/A | Gained experience in technology investments |
Fixed Compensation
Component Name | Amount | Payment Schedule | Additional Details |
---|---|---|---|
Base Salary | $800,000 | 2024 Annual | N/A |
401(k) Savings Plan Matching Contribution | $10,350 | 2024 Annual | N/A |
HSA Plan Matching Contribution | $1,154 | 2024 Annual | N/A |
Performance Compensation
Performance-Based RSUs
Metric (Unit: USD/RSUs) | Value |
---|---|
Grant Date | November 15, 2023 |
Grant Date Fair Value | $4,749,996 and $3,718,446 |
Grant Date Stock Price | $154.68 |
Threshold (#RSUs) | 8,889 RSUs |
Target (#RSUs) | 17,778 RSUs |
Maximum (#RSUs) | 35,556 RSUs |
Vesting Schedule | Vesting over three years (one-third in each of 2024, 2025, 2026) |
Performance Metrics | Annual Run Rate (ARR) performance measures |
Additional Details | RSUs not earned in a year are forfeited |
Target Annual Performance-Based Bonus
Metric | Value |
---|---|
Target Bonus Amount | $1,200,000 |
Grant Date | November 15, 2023 (inferred) |
Performance Metrics | Free Cash Flow, Adjusted Free Cash Flow, ARR, Relative TSR |
Additional Details | No additional detailed performance thresholds or conditions provided |