Reporting Person John P. Miller - 04 May 2022 Form 4 Insider Report for XL Fleet Corp. (SPRU)

Role: Director
Signature: /s/ Stacey Constas
Issuer symbol: SPRU
Transactions as of: 04 May 2022
Net transactions value: $0
Form type: 4
Filing time: 06 May 2022, 14:37:12 UTC
Previous filing: 10 Mar 2022
Next filing: 16 Sep 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	+241,935		$0.000000	241,935	04 May 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 issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through each applicable vesting date, 145,161 units of the restricted stock units shall become one-third vested on the first anniversary of May 4, 2022, one-third vested on the second anniversary of May 4, 2022, and one-third vested on the third anniversary of May 4, 2022; 96,774 units of the restricted stock units shall become fully vested on the first anniversary date of May 4, 2022.

Content

The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through each applicable vesting date, 145,161 units of the restricted stock units shall become one-third vested on the first anniversary of May 4, 2022, one-third vested on the second anniversary of May 4, 2022, and one-third vested on the third anniversary of May 4, 2022; 96,774 units of the restricted stock units shall become fully vested on the first anniversary date of May 4, 2022.