Thor Industries COO receives awards, tax share withholdings

Thor Industries SVP and COO W. Todd Woelfer reported equity award activity in common stock.

Rhea-AI Filing Summary

Thor Industries SVP and COO W. Todd Woelfer reported equity award activity in common stock. On October 7–8, 2025 he acquired 24,178 shares through grants and had 9,226 shares withheld at $104.83 per share to satisfy tax obligations related to prior awards. After these transactions he holds 114,409 Thor Industries shares directly.

Insights

Compensation Analyst

Grant mixes fixed RSUs and performance shares, aligning pay with multi‑year retention.

The 15,862 RSU grant vests in three annual installments through 10/12/2028, creating multi‑year retention incentives tied to continued service. The separate 8,316 performance share settlement converts performance pay into equity ownership immediately.

Tax‑withholding and cash sales (totaling 9,226 shares reported sold/withheld) partially monetize vested awards at $104.83. Monitor vesting dates over the next 12–36 months for potential future sales and dilution effects.

Corporate Governance Analyst

Transactions show routine executive compensation activity, not an extraordinary change in control or ownership.

The filing lists both awards granted and shares sold/withheld to meet tax obligations, which is common around vesting events. Beneficial ownership figures reported range from 109,420 to 117,736 shares after each line item, reflecting settlement and withholding mechanics rather than a single net shift.

Investors may note the exercise price and sale price disclosure; the cash sales at $104.83 are concrete liquidity events occurring on 10/08/2025 and should be tracked against future filings for trend analysis over the next year.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider WOELFER W. TODD

Role SVP, CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	5,899	$104.83	$618K
Grant/Award	Common Stock	8,316	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	3,327	$104.83	$349K
Grant/Award	Common Stock	15,862	$0.00	$0.00

Holdings After Transaction: Common Stock — 114,409 shares (Direct)

Footnotes (3)

1. F1. The transaction reported is a grant of restricted stock units that may be settled only be delivery of an equal number of shares of common stock. The shares will vest in three equal installments on each of October 7, 2026, October 13, 2027, and October 12, 2028, subject to forfeiture.
2. F2. Represents shares withheld to fulfill tax withholding obligations with respect to the vesting of a previously granted restricted stock unit award.
3. F3. Represents earned performance share award settled in shares of common stock.

Key Figures

Equity awards shares: 24,178 shares Tax withholding shares: 9,226 shares Tax withholding price: $104.83 per share +3 more

6 metrics

Equity awards shares 24,178 shares Common stock acquired via grant/award transactions on October 7–8, 2025

Tax withholding shares 9,226 shares Common stock delivered to satisfy tax obligations on October 8, 2025

Tax withholding price $104.83 per share Per-share value used for tax-withholding dispositions of common stock

Post-transaction direct holdings 114,409 shares Common stock held directly by W. Todd Woelfer after reported transactions

Award on 2025-10-08 8,316 shares Common stock acquired through a grant/award on October 8, 2025

Award on 2025-10-07 15,862 shares Common stock acquired through a grant/award on October 7, 2025

Key Terms

restricted stock units, tax withholding obligations, performance share award

3 terms

restricted stock units financial

"The transaction reported is a grant of restricted stock units that may be settled only be delivery"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"Represents shares withheld to fulfill tax withholding obligations with respect to the vesting"

performance share award financial

"Represents earned performance share award settled in shares of common stock."

A performance share award is a type of executive or employee pay that grants company stock only if predefined performance goals are met over a set period. Think of it as a bonus paid in shares—similar to a savings payout that arrives only if certain targets are hit—so it aligns management incentives with company results and can affect future share count and shareholder value. Investors watch these awards because they influence executive behavior, potential dilution of shares, and signals about expected performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did Thor Industries (THO) COO W. Todd Woelfer report?

W. Todd Woelfer reported two equity award acquisitions totaling 24,178 shares of common stock and two tax-withholding dispositions totaling 9,226 shares. These were non-market transactions linked to compensation and tax obligations rather than open-market buying or selling.

How many Thor Industries (THO) shares were granted to the COO?

Woelfer was granted a total of 24,178 shares of Thor Industries common stock across two award transactions. These grants were recorded on October 7 and 8, 2025 at a stated price of $0.00 per share, reflecting compensation-related equity awards.

How many THO shares were withheld for taxes in this Form 4?

The filing shows 9,226 shares of Thor Industries common stock were disposed of through tax-withholding transactions at $104.83 per share. These shares were delivered to fulfill tax obligations associated with the vesting or settlement of prior equity awards.

What is W. Todd Woelfer’s Thor Industries (THO) shareholding after these transactions?

After the reported grants and tax-withholding dispositions, Woelfer directly holds 114,409 shares of Thor Industries common stock. This post-transaction holding reflects his remaining direct ownership position as reported in the canonical holdings data for this Form 4.

Were Woelfer’s Thor Industries (THO) transactions market sales or tax-related?

The disposition transactions were tax-withholding events, not open-market sales. Shares were delivered to cover tax liabilities tied to vesting or settlement of prior restricted or performance-based awards, while separate transactions reflected new share grants as compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/09/2025 - 07:46 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

WOELFER W. TODD

(Last) (First) (Middle)

C/O THOR INDUSTRIES, INC.

52700 INDEPENDENCE COURT

(Street)

ELKHART IN 46514-3305

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CHIEF OPERATING OFFICER

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		15,862	A	$0(1)	115,319	D
Common Stock	10/08/2025		F		5,899(2)	D	$104.83	109,420	D
Common Stock	10/08/2025		A		8,316	A	$0(3)	117,736	D
Common Stock	10/08/2025		F		3,327	D	$104.83	114,409	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 be delivery of an equal number of shares of common stock. The shares will vest in three equal installments on each of October 7, 2026, October 13, 2027, and October 12, 2028, subject to forfeiture.

2. Represents shares withheld to fulfill tax withholding obligations with respect to the vesting of a previously granted restricted stock unit award.

3. Represents earned performance share award settled in shares of common stock.

	/s/ Barb Montague, attorney-in-fact for W. Todd Woelfer	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.
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