Election of Director

The PTC Inc. Board of Directors elected Dr. Corinna Lathan as a director of the company effective as of August 15, 2017, to serve until the 2018 Annual Meeting of Stockholders. Dr. Lathan, age 49, is the Chief Executive Officer, Co-Founder and Chair of the Board of AnthroTronix, Inc., a biomedical engineering research and development company. Prior to that, Dr. Lathan was an Associate Professor of Biomedical Engineering at The Catholic University of America and an Adjunct Associate Professor of Aerospace Engineering at the University of Maryland, College Park. Dr. Lathan received her B.A. in Biopsychology and Mathematics from Swarthmore College, and an S.M. in Aeronautics and Astronautics and Ph.D. in Neuroscience from MIT.

Dr. Lathan was appointed to the Audit Committee of the Board upon election.

Dr. Lathan was granted 7,023 restricted stock units (RSUs), each representing the right to one share of PTC common stock, as a new director retention grant, which RSUs will vest in two substantially equal installments on each of August15, 2018 and 2019, provided she remains a director of PTC on the relevant vest dates. In addition, Dr. Lathan will receive annual Board and committee cash retainers and an annual equity retainer in the same amounts as our non-employee directors (other than our Chairman of the Board). For her current term, those amounts were pro-rated for the remaining portion of the current term. Accordingly, her annual Board cash retainer was pro-rated to $27,000, her annual committee cash retainer was pro-rated to $8,215, and her annual equity retainer was pro-rated to 2,537 RSUs, which RSUs will vest on the earlier of the date of 2018 Annual Meeting of Stockholders or March15, 2018 if she remains a director of PTC on that date.

About PTC Inc. (NASDAQ:PTC)

PTC Inc. is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications. Its segments include the Solutions Group, the IoT Group and Professional Services. The Solutions Group segment includes its CAD, PLM and SLM products. The IoT Group segment includes its IoT, analytics and augmented reality (AR) solutions. The Professional Services segment includes consulting, implementation and training business. Its IoT products include ThingWorx, KEPServerEX, Vuforia Studio and Vuforia. Its CAD products include Creo and Mathcad. Its PLM products include Windchill, Integrity, Navigate and Creo View. Its SLM products include Servigistics and Arbortext.