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Neil Barua

President and Chief Executive Officer at PTC
Board
Since February 14, 2024
Age
47 years
Education
Earned a Bachelor of Science in Finance and Economics from the NYU Stern School of Business.
Tenure
Joined PTC in January 2023 as President of the Service Lifecycle Management business following the acquisition of ServiceMax, Inc., and assumed the role of President and Chief Executive Officer on February 14, 2024.

Also at PTC

AvS
Aaron von Staats
Executive Vice President, General Counsel, and Corporate Secretary
KT
Kristian Talvitie
Executive Vice President and CFO
RD
Robert Dahdah
Executive Vice President and CRO

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

OrganizationRoleDate RangeDetails
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/AGained experience in technology investments

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary $800,0002024 AnnualN/A
401(k) Savings Plan Matching Contribution $10,3502024 AnnualN/A
HSA Plan Matching Contribution $1,1542024 AnnualN/A

Performance Compensation

Data from  FY 2024

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

MetricValue
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