NASDAQ:PTC

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Schneider Electric to acquire PTC in $22.6 billion deal

The all-cash offer of $205 per share represents a 42% premium to PTC's last closing price and is expected to close by Q3 2027

(finance.yahoo.com)
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Author
WS Investor 10-05-26
PTC Inc. Appoints Trac Pham to Board of Directors
BOSTON, March 12, 2025 – PTC Inc. (NASDAQ: PTC) has announced the appointment of Trac Pham to its Board of Directors, effective March 17, 2025. Mr. Pham will also join the company's Audit Committee, bringing extensive financial and strategic leadership experience from the enterprise software industry.

Trac Pham’s Background
Mr. Pham has held several high-profile executive roles in the technology sector, including:

Co-Chief Executive Officer of Sprinklr, Inc. (June–November 2024)
Interim Chief Operating Officer of Sprinklr (January–June 2024)
Chief Financial Officer at Synopsys, Inc. (2014–2022)
Board of Directors member at Sprinklr (2023–2024)
He holds a B.A. in Economics from UC Berkeley and a Master’s in Pacific International Affairs from UC San Diego.

Board Compensation
Mr. Pham will receive:

$60,000 annual cash retainer (prorated for 2025)
$250,000 in RSUs as an annual equity grant (vesting by March 15, 2026)
$375,000 in RSUs as a one-time new director grant (vesting in 2026 and 2027)
$15,000 cash retainer for serving on the Audit Committee
PTC’s Strategic Growth
Mr. Pham’s appointment comes as PTC continues expanding its digital transformation solutions across industrial and enterprise markets. His financial and operational expertise is expected to contribute significantly to PTC’s long-term strategic vision and growth initiatives.
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M
ME NEWS 03-14-25