[Form 4] THOR INDUSTRIES INC Insider Trading Activity

Rhea-AI Filing Summary

Thor Industries (THO) director Jeffrey D. Lorenger received a grant of 1,482 restricted stock units (RSUs) on 10/07/2025. The RSUs are payable only in shares of common stock and were granted at a grant price of $0, meaning they convert to shares without cash payment. After the grant, Mr. Lorenger beneficially owns 3,397 shares directly. The RSUs vest in full on 10/07/2026, the first anniversary of the grant, but remain subject to forfeiture until that date. The Form 4 was signed on 10/09/2025 by an attorney-in-fact.

Positive

• 1,482 RSUs granted to a director, promoting alignment with shareholder interests
• RSUs vest on 10/07/2026, providing a one-year retention incentive

Negative

• None.

Insights

Corporate Governance Analyst

A director received a standard one-year restricted stock unit award aligning pay with shareholder value.

The grant of 1,482 RSUs payable only in shares is a common board-level equity award designed to link a director's compensation to the companys stock performance while deferring immediate share transfer. The $0 price indicates these are restricted awards rather than purchases.

This award vests on 10/07/2026, creating a one-year retention period; key monitoring items include any subsequent sales after vesting and whether similar awards are recurring for other directors within the next year.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lorenger Jeffrey D

(Last) (First) (Middle)

C/O THOR INDUSTRIES, INC.

52700 INDEPENDENCE COURT

(Street)

ELKHART IN 46514

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
THOR INDUSTRIES INC [ THO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/07/2025		A		1,482	A	$0(1)	3,397	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction reported is a grant of restricted stock units that may be settled only by delivery of an equal number of shares of common stock. The shares will fully vest on October 7, 2026, the first anniversary of the date of grant, subject to forfeiture.

	/s/ Barb Montague, attorney-in-fact for Jeffrey D. Lorenger	10/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Thor Industries director Jeffrey D. Lorenger receive on 10/07/2025 (THO)?

He was granted 1,482 restricted stock units (RSUs) on 10/07/2025 that may be settled only in common stock.

When do the granted RSUs for THO vest?

The RSUs vest in full on 10/07/2026, the first anniversary of the grant, subject to forfeiture until that date.

How many shares does Jeffrey D. Lorenger beneficially own after the transaction?

Following the reported transaction he beneficially owns 3,397 shares (direct ownership).

Was any cash paid for the RSU grant reported on the Form 4?

No cash was paid; the grant lists a price of $0, indicating restricted units rather than a purchase.

Who filed the Form 4 for Jeffrey D. Lorenger and when?

The form was signed by an attorney-in-fact, Barb Montague, on 10/09/2025.