0001213900-22-055672.txt : 20220913 0001213900-22-055672.hdr.sgml : 20220913 20220913170931 ACCESSION NUMBER: 0001213900-22-055672 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220909 FILED AS OF DATE: 20220913 DATE AS OF CHANGE: 20220913 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Fong Christian S. CENTRAL INDEX KEY: 0001698985 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38971 FILM NUMBER: 221241442 MAIL ADDRESS: STREET 1: 7550 WISCONSIN AVENUE STREET 2: 9TH FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: XL Fleet Corp. CENTRAL INDEX KEY: 0001772720 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 834109918 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 47000 LIBERTY DRIVE CITY: WIXOM STATE: MI ZIP: 48393 BUSINESS PHONE: 6177180329 MAIL ADDRESS: STREET 1: 47000 LIBERTY DRIVE CITY: WIXOM STATE: MI ZIP: 48393 FORMER COMPANY: FORMER CONFORMED NAME: Pivotal Investment Corp II DATE OF NAME CHANGE: 20190403 4 1 ownership.xml X0306 4 2022-09-09 0 0001772720 XL Fleet Corp. XL 0001698985 Fong Christian S. 47000 LIBERTY DRIVE WIXOM MI 48393 1 1 0 0 President Common Stock 2022-09-09 4 A 0 909091 1.17 A 909091 D Common Stock 2022-09-09 4 F 0 281320 1.17 D 627771 D Common Stock 2022-09-09 4 A 0 909091 0.00 A 1536862 D Restricted Stock Units 2022-09-09 4 A 0 1666666 0 A 2033-09-09 Common Stock 1666666 1666666 D Under the terms of the reporting person's Employment Agreement, the securities awarded are intended to serve as a signing bonus, and are fully vested shares. Gross shares are reported, prior to taxes being withheld; see footnote (2) below. The securities were withheld to pay the reporting person's tax withholding obligations with respect to the securities awarded as a signing bonus reported above. 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 the RSUs will vest on each of September 9, 2023 and 6.25% on the last day of each subsequent calendar quarter, beginning September 30, 2023. Subject to the reporting person's continued service, the RSUs will vest in increments of 10% upon the issuer's common stock achieving certain specified prices per share over 20 day consecutive trading periods, as set forth in Schedule 1 of the reporting person's Employment Agreement filed on September 15, 2022, as determined within the 30 days following each calendar quarter, with the shares distributed no later than the following March 15. /s/ Stacey Constas 2022-09-13