PTC Inc. Director Compensation Arrangements for Non-Employee Directors
This document outlines the compensation structure for non-employee directors of PTC Inc. for the current year. Non-employee directors receive an annual cash retainer, additional retainers for committee chair roles, and grants of restricted stock. They are also paid $2,000 for each board or committee meeting attended. Employee directors do not receive compensation for board service. The restrictions on the stock grants lapse at the next annual meeting or a specified date, provided the director remains in service.
Exhibit 10.18.1
Compensatory Arrangements with Directors
The amount of the annual cash retainer, committee chair cash retainers and restricted stock grants for our non-employee directors for the current year are set forth in the table below. Each non-employee director is also paid $2,000 for each meeting of the Board of Directors or any committee thereof of which he is a member that he attends. Directors who are employees of PTC are not compensated for their service as a director.
| Name | Chair Position | Annual Retainer | Committee Chair Retainer | Annual Equity Grant(1) | ||||||||||
| Donald Grierson | Lead Independent Director | $ | 75,000 | — | 10,103 shares | |||||||||
| Corporate Governance Committee | — | |||||||||||||
| Compensation Committee | $ | 10,000 | ||||||||||||
| Paul Lacy | $ | 35,000 | 8,383 shares | |||||||||||
| Robert Schechter | Audit Committee | $ | 35,000 | $ | 10,000 | 9,243 shares | ||||||||
| Michael Porter | Corporate Development Committee | $ | 35,000 | $ | 5,000 | 8,383 shares | ||||||||
| (1) | The restrictions on the shares will lapse on the earlier of the date of the 2012 Annual Meeting of Stockholders and March 15, 2012, provided the person remains a director on that date and pursuant to our 2000 Equity Incentive Plan. |
