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

Role: CEO, Director
Signature: /s/ Stacey Constas, Attorney In Fact.
Stock symbol: SPRU
Transactions as of: May 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/12/2022, 02:41 PM
Previous filing: Dec 2, 2021
Next filing: Nov 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPRU	Common Stock	Award	$0	+484K	+366.49%	$0.00	616K	May 10, 2022	Direct	F1
transaction	SPRU	Common Stock	Award	$0	+323K	+52.38%	$0.00	938K	May 10, 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.