X0306 4 2015-03-24 0 0001463258 Renewable Energy Group, Inc. REGI 0001534066 Elsenbast David 416 S. BELL AVENUE AMES IA 50010 0 1 0 0 VP, Supply Chain Management Common Stock 2015-03-24 4 A 0 3051 0.00 A 68010 D Stock Appreciation Right 9.52 2015-03-24 4 A 0 29691 0.00 A Common Stock 29691 29691 D Represents award of restircted stock units ("RSUs") that will vest in full on 3/24/2019, subject to continued service as an employee of Renewable Energy Group, Inc. (the "Company"). RSUs may be settled only for shares of common stock on a one-for-one basis. The Stock Appreciation Rights ("SARs") will vest with respect to 25% of the shares of common stock subject thereto on each of the four anniversaries following 3/24/2015, subject to continued service as an employee of the Company. The SARs shall cease to be exercisable (and if not previously exercised, shall terminate without the payment of any consideration therefore) on the earliest of (i) 3/24/2025, (ii) one year following the termination of employment with the Company by reason of death or disability, (iii) 90 days following any other termination of employment with the Company other than for cause and (iv) immediately prior to the termination of employment with the Company for cause. /s/ Natalie A. Merrill, Attorney-in-Fact 2015-04-08