Spruce Power Holding Management

Management criteria checks 1/4

Spruce Power Holding's CEO is Christian Fong, appointed in Sep 2022, has a tenure of 1.33 years. total yearly compensation is $4.15M, comprised of 4.8% salary and 95.2% bonuses, including company stock and options. directly owns 0.67% of the company’s shares, worth €526.96K. The average tenure of the management team and the board of directors is 1.9 years and 3.9 years respectively.

Key information

Christian Fong

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage	4.8%
CEO tenure	1.3yrs
CEO ownership	0.7%
Management average tenure	1.9yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christian Fong's remuneration changed compared to Spruce Power Holding's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$60m
Jun 30 2023	n/a	n/a	-US$58m
Mar 31 2023	n/a	n/a	-US$69m
Dec 31 2022	US$4m	US$200k	-US$54m

Compensation vs Market: Christian's total compensation ($USD4.15M) is above average for companies of similar size in the German market ($USD424.32K).

Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.

CEO

Christian Fong (46 yo)

1.3yrs

Tenure

US$4,145,820

Compensation

Mr. Christian S. Fong, CFA, was an Independent Director of TerraForm Power, Inc. since February 12, 2017 until July 31, 2020. He serves as President of Spruce Power Holding Corporation (formerly known as X...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christian Fong	CEO, President & Director	1.3yrs	US$4.15m	0.67% $ 527.0k
Sarah Wells	CFO & Head of Sustainability	less than a year	no data	0.046% $ 35.7k
Mike Kenhard	CTO & General Manager	4yrs	no data	no data
Bronson Fleig	Head of Investor Relations	no data	no data	no data
Jonathan Norling	Chief Legal Officer	less than a year	no data	0.067% $ 52.2k
Sandra Ponichtera	Vice President of People	2.8yrs	no data	no data
Stacey Constas	General Counsel	no data	no data	0.071% $ 55.3k
Chris Goldner	Corporate Controller	2.4yrs	no data	no data

1.9yrs

Average Tenure

50yo

Average Age

Experienced Management: XLF0's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Christian Fong	CEO, President & Director	1.3yrs	US$4.15m	0.67% $ 527.0k
G. Wagoner	Member of Advisory Board	5.3yrs	no data	no data
William Aulet	Member of Advisory Board	no data	no data	no data
Jonathan Ledecky	Independent Director	4.8yrs	US$200.00k	0.11% $ 86.2k
John Miller	Independent Director	1.8yrs	US$467.50k	0.13% $ 99.2k
Kevin Griffin	Independent Director	4.8yrs	US$207.50k	0.075% $ 58.9k
Eric Tech	Director	2.1yrs	US$2.59m	0.49% $ 382.1k
Edward Lovelace	Member of Advisory Board	no data	no data	no data
Dennis Beal	Member of Advisory Board	8.8yrs	no data	no data
Christopher Hayes	Independent Chairman	3.1yrs	US$227.50k	0.14% $ 108.7k

3.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: XLF0's board of directors are considered experienced (3.9 years average tenure).

Spruce Power Holding Management

Management criteria checks 1/4

Key information

Recent management updates

Spruce Power Holding Corporation Appoints Richard Dimatteo as Senior Vice President, Head of Spruce Pro

Spruce Power Holding Corporation, Annual General Meeting, Aug 12, 2024

Spruce Power Holding Corporation Appoints Clara Nagy Mcbane to Serve as New Member of Its Board of Directors

Spruce Power Holding Corporation Announces Chief Executive Officer Changes

Spruce Power Holding Corporation Announces Chief Financial Officer Changes

Spruce Power Announces Chief Executive Officer Changes, Effective February 1, 2023

Recent updates

Spruce Power Holding Corporation to Report Q2, 2024 Results on Aug 14, 2024

Spruce Power Holding Corporation Appoints Richard Dimatteo as Senior Vice President, Head of Spruce Pro

Spruce Power Holding Corporation, Annual General Meeting, Aug 12, 2024

Spruce Power Holding Corporation Appoints Clara Nagy Mcbane to Serve as New Member of Its Board of Directors

Spruce Power Holding Corporation to Report Q1, 2024 Results on May 15, 2024

Clayton Partners LLC Issues Letter to Shareholders of Spruce Power Holding Corporation

Clayton Capital Appreciation Fund Issues Letter to Shareholders of Spruce Power Holding Corporation

Spruce Power Holding Corporation Announces Chief Executive Officer Changes

Spruce Power Holding Corporation announced delayed annual 10-K filing

Spruce Power Holding Corporation to Report Q4, 2023 Results on Mar 14, 2024

Spruce Power Holding Corporation Announces the Court Preliminarily Approves the Proposed Settlement

Spruce Power Holding Corporation Launches 'Spruce Pro' Brand, Expanding Its Servicing Solutions into the Commercial Solar Market

Spruce Power Holding Corporation to Report Q3, 2023 Results on Nov 09, 2023

Spruce Power Holding Corporation (NYSE:SPRU) acquired Portfolio of Over 2,400 Residential Solar Systems and Contracts for $20.9 million.

New major risk - Share price stability

Spruce Power Announces Reverse Stock Split to Ensure the Company Gains Compliance with the New York Stock Exchange's Continued Listing Standard Related to Minimum Stock Price

Spruce Power Holding Corporation to Report Q2, 2023 Results on Aug 10, 2023

Spruce Power Holding Corporation announced delayed 10-Q filing

Spruce Power Holding Corporation Announces Chief Financial Officer Changes

Full year 2022 earnings released: US$0.38 loss per share (vs US$0.21 profit in FY 2021)

Spruce Power Announces Chief Executive Officer Changes, Effective February 1, 2023

The Shyft Group, Inc. (NasdaqGS:SHYF) completed the acquisition of Certain Assets of Spruce Power.

Spruce Power Announces Changes to Its Board of Directors

The Shyft Group, Inc. (NasdaqGS:SHYF) agree to acquire Certain Assets of Spruce Power.

Spruce Power Ceases Operations of its Hybrid and Drivetrain-Related Business Lines

CEO & Director recently bought €58k worth of stock

Third quarter 2022 earnings released: US$0.15 loss per share (vs US$0.054 loss in 3Q 2021)

XL Fleet Receives Notice Regarding NYSE Continued Listing Standard

XL Fleet Corp. to Report Q3, 2022 Results on Nov 09, 2022

XL Fleet Corp. (NYSE:XL) acquired Solar Service Experts, LLC from HPS Investment Partners, LLC for approximately $600 million.

Second quarter 2022 earnings released: US$0.089 loss per share (vs US$0.075 loss in 2Q 2021)

XL Fleet Corp. to Report Q2, 2022 Results on Aug 09, 2022

XL Fleet Corp.(NYSE:XL) dropped from Russell 2000 Growth Index

XL Fleet Corp. Announces Management Changes, Effective May 15, 2022

First quarter 2022 earnings released: US$0.11 loss per share (vs US$0.46 profit in 1Q 2021)

XL Fleet Unveils its First All-Electric Refuse Vehicle at WasteExpo 2022

High number of new directors

XL Fleet Corp. to Report Q1, 2022 Results on May 10, 2022

XL Fleet Corp. Announces Executive Changes

Investor sentiment improved over the past week

XL Fleet Appoints John Miller to Its Board of Directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment deteriorated over the past week

XL Fleet Corp. Announces Executive Changes

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: US$0.054 loss per share (vs US$0.48 loss in 3Q 2020)

XL Fleet to Electrify Ram 2500 and 3500 Heavy Duty Pickup Trucks with Hybrid Electric Upfit Technology

Investor sentiment improved over the past week

Second quarter 2021 earnings released: US$0.075 loss per share (vs US$0.16 loss in 2Q 2020)

XL Fleet Corp. Introduces Hybrid Electric Drive System Upfit for Isuzu Npr-Hd

Glancy Prongay & Murray LLP Appoints Lead Counsel in Securities Class Action Against XL Fleet Corp. f/k/a Pivotal Investment Corporation II

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS US$0.46 (vs US$0.63 loss in 1Q 2020)

XL Fleet Corp. (NYSE:XL) acquired World Energy Efficiency Services, LLC for $16 million.

Kaskela Law Llc Announces Shareholder Class Action Lawsuit Against Xl Fleet Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Bragar Eagel & Squire, P.C. Announces Class Action Lawsuit Against XL Fleet Corp

Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against XL Fleet Corp

Xl Fleet Reaches Strategic Partnership with UBS Arena

XL Fleet Partners with Curbtender to Develop All-Electric and Plug-In Hybrid Refuse Trucks

XL Fleet Corp. to Report Q4, 2020 Results on Mar 30, 2021

XL Fleet Corp. Announces Management Appointments

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members