PTC executive Sean McGrath files Form 4 for stock and RSUs
Rhea-AI Filing Summary
PTC Inc. (PTC) executive Sean McGrath, EVP, GC and Secretary, reported equity transactions and new awards in a Form 4 filing. On 11/20/2025, he acquired 2,674 shares of common stock at a price of $0, increasing his directly held position to 30,082 shares before a same-day disposition related to taxes. Also on 11/20/2025, 1,293 shares were disposed of at $170.43 per share to satisfy tax withholding obligations tied to vesting restricted stock units, leaving 28,789 directly owned shares.
The filing also reports multiple restricted stock unit grants dated 11/19/2025. These include performance-based RSUs covering 6,106 shares that may vest, to the extent earned, on November 15, 2026, 2027 and 2028, additional performance-based RSUs over 6,106 shares that may vest, to the extent earned, on November 15, 2028, and time-based RSUs over 12,213 shares that vest in three substantially equal installments on November 15, 2026, 2027 and 2028. Each RSU represents a right to receive one share of PTC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,674 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,293 | $170.43 | $220K |
| Grant/Award | Restricted Stock Units | 6,106 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 6,106 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,213 | $0.00 | -- |
Footnotes (1)
- Shares earned under the FY25 Corporate Incentive Plan. Tendered to Issuer to satisfy tax withholding obligations of the Reporting Person incurred in connection with the vesting of the Reporting Person's restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock. Performance-based RSUs granted on November 19, 2025 that vest to the extent earned on November 15, 2026, 2027 and 2028. Performance-based RSUs granted on November 19, 2025 that vest to the extent earned on November 15, 2028. RSUs granted on November 19, 2025 that vest in three substantially equal installments on November 15, 2026, 2027 and 2028. This amount represents the total number of derivative securities beneficially owned of the class shown.
FAQ
What insider transactions did PTC (PTC) report for Sean McGrath on this Form 4?
The filing shows that on 11/20/2025 Sean McGrath acquired 2,674 shares of PTC common stock at $0 and disposed of 1,293 shares at $170.43 per share. The disposition was to cover tax withholding linked to vesting restricted stock units.
What new restricted stock unit (RSU) awards for PTC (PTC) are disclosed in this Form 4?
The Form 4 reports several RSU grants dated 11/19/2025: performance-based RSUs over 6,106 shares that may vest on November 15, 2026, 2027 and 2028; performance-based RSUs over another 6,106 shares that may vest on November 15, 2028; and time-based RSUs over 12,213 shares vesting in three substantially equal installments on November 15, 2026, 2027 and 2028.
What does each restricted stock unit represent for PTC (PTC) in this filing?
Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock, as stated in the explanation of responses.
What is Sean McGrath’s role at PTC Inc. according to this Form 4?
Sean McGrath is identified as an officer of PTC Inc., serving as EVP, GC and Secretary, and the Form 4 is filed by one reporting person.