Eric M. Tech - 10 May 2022 Form 4 Insider Report for XL Fleet Corp. (SPRU)

Role: CEO, Director
Signature: /s/ Stacey Constas, Attorney In Fact.
Issuer symbol: SPRU
Transactions as of: 10 May 2022
Net transactions value: $0
Form type: 4
Filing time: 12 May 2022, 14:41:18 UTC
Previous filing: 02 Dec 2021
Next filing: 15 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPRU	Common Stock	Award	$0	+483,871	+366%	$0.000000	615,900	10 May 2022	Direct	F1
transaction	SPRU	Common Stock	Award	$0	+322,581	+52%	$0.000000	938,481	10 May 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 25% of these RSUs will vest on the first anniversary of the grant date, and the remaining 75% of the RSUs will vest in substantially equal quarterly installments over the next three years following such first anniversary.
F2	The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 100% of these RSUs will vest on the first anniversary of the grant date.

Content

The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 25% of these RSUs will vest on the first anniversary of the grant date, and the remaining 75% of the RSUs will vest in substantially equal quarterly installments over the next three years following such first anniversary.