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