Chad Stone - Jun 13, 2022 Form 4 Insider Report for Renewable Energy Group, Inc. (REGI)

Role
Former SVP
Signature
/s/ Eric Bowen, Attorney-in-Fact
Stock symbol
REGI
Transactions as of
Jun 13, 2022
Transactions value $
$0
Form type
4
Date filed
6/14/2022, 12:38 PM
Previous filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REGI Common Stock Disposed to Issuer -4.85K -3.82% 122K Jun 13, 2022 Direct F1, F2
transaction REGI Common Stock Disposed to Issuer -122K -100% 0 Jun 13, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction REGI Performance Rights Disposed to Issuer -10.5K -100% 0 Jun 13, 2022 Common Stock 10.5K Direct F3
transaction REGI Stock Appreciation Rights Disposed to Issuer -94.9K -100% 0 Jun 13, 2022 Common Stock 94.9K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Chad Stone is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These shares represent the amount of restricted stock units ("RSUs") that will vest according to the original RSU agreement and then will be cancelled and converted into the right to receive an amount of cash equal to $61.50 per share in accordance with the Agreement and Plan of Merger (the "Merger Agreement"), dated February 27, 2022, between Renewable Energy Group, Inc. (the "Company"), Chevron Corporation ("Parent") and Cyclone Merger Sub ("Merger Sub"), a copy of which is filed as Exhibit 2.1 to the Company's Form 8-K filed with the SEC on February 28, 2022, and by which the Company became a wholly-owned subsidiary of Parent. These RSUs were settled one for one in common stock of the Company.
F2 Outstanding shares of common stock of the Company were converted into the right to receive $61.50 per share in cash, without interest thereon and subject to any required tax withholding (the "Merger Consideration"), in accordance with the Merger Agreement.
F3 These shares represent the amount of performance-based restricted stock units ("PRSUs") that will vest in accordance with the original PRSU agreement based on the achievement of the performance criteria. On the vesting date, the shares will be cancelled and converted into the right to receive the Merger Consideration in accordance with the Merger Agreement.
F4 These shares represent the amount of stock appreciation rights ("SARs") that will be cancelled and converted into the right to receive a cash payment equal to the excess of Merger Consideration over the exercise prices of each award per share in accordance with the Merger Agreement.

Remarks:

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer serving in the role as the Company's SVP of Commercial Performance, effective as of June 13, 2022, and therefore is no longer subject to Section 16 reporting.