Donald P. Klein - 11 Apr 2022 Form 4 Insider Report for XL Fleet Corp. (SPRU)

Role: Chief Financial Officer
Signature: /s/ Donald P. Klein by Stacey Constas, Attorney-in-Fact
Issuer symbol: SPRU
Transactions as of: 11 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 13 Apr 2022, 10:07:45 UTC
Next filing: 28 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPRU	Restricted Stock Units	Award	$0	+395,480		$0.000000	395,480	11 Apr 2022	Direct	F1

* 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) issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents 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 annual installments over the next three years on the date of such first anniversary.

Content

The securities awarded are in the form of restricted stock units (RSUs) issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents 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 annual installments over the next three years on the date of such first anniversary.