[Form 4] THOR INDUSTRIES INC Insider Trading Activity

Rhea-AI Filing Summary

William J. Kelley Jr., a director of Thor Industries, Inc. (THO), received a grant of 1,482 restricted stock units on 10/07/2025. The RSUs have a grant price of $0 and will fully vest on 10/07/2026, the first anniversary of grant, subject to forfeiture. After the grant, Mr. Kelley beneficially owns 7,374 shares of common stock on a direct basis. The filing was executed by an attorney-in-fact and signed on 10/09/2025.

Insights

Corporate Governance Analyst

Director received time‑based RSUs that increase direct ownership modestly.

The grant of 1,482 restricted stock units vests in one year and is settled in common shares, increasing direct beneficial ownership to 7,374 shares. A $0 grant price indicates these are standard compensation units rather than a purchase.

Key dependencies are continued service through 10/07/2026 and the stated forfeiture condition. Near term, monitor share count and upcoming filings for any additional awards or sales within the next 12 months.

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
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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^*

Kelley William J. JR

(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)	7,374	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 William J. Kelley Jr.	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 THO director William J. Kelley Jr. receive on 10/07/2025?

He was granted 1,482 restricted stock units that may be settled in common stock and will fully vest on 10/07/2026.

How many THO shares does William J. Kelley Jr. beneficially own after the grant?

He beneficially owns 7,374 shares of common stock on a direct basis following the reported transaction.

What price was paid for the RSUs reported on the Form 4?

The reported grant price for the RSUs is $0, indicating a compensation award rather than a cash purchase.

When do the RSUs granted to the THO director vest?

The RSUs fully vest on the first anniversary of the grant, 10/07/2026, subject to forfeiture.

Who filed the Form 4 for William J. Kelley Jr.?

The Form 4 was signed by an attorney-in-fact, Barb Montague, on 10/09/2025.