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    Neil Barua

    President and Chief Executive Officer at PTC Inc
    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 Inc

    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