X0306 4 2014-03-24 0 0001463258 Renewable Energy Group, Inc. REGI 0001477562 Stone Chad 416 S. BELL AVENUE AMES IA 50010 0 1 0 0 Chief Financial Officer Common Stock 2014-03-24 4 A 0 2394 0.00 A 69913 D Stock Appreciation Right 11.83 2014-03-24 4 A 0 23016 0.00 A Common Stock 23016 23016 D Represents award of restricted stock units ("RSUs") that will vest in full on December 31, 2017, subject to continued service as an employee with Renewable Energy Group, Inc. (the "Company") and positive, four-year cumulative GAAP cash flow from operations. 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 hereto on each of the four annivaries following March 24, 2014, subject to continued service as an employee with 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) March 24, 2024, (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. Lischer, Attorney-in-Fact 2014-03-26