Thor Industries SVP receives stock awards, withholds shares

Rhea-AI Filing Summary

Thor Industries reports that SVP, General Counsel and Secretary Trevor Q. Gasper received multiple equity awards in common stock, including restricted stock units and earned performance shares, and had shares withheld to satisfy tax obligations at $104.83 per share. After these transactions, he directly holds 24,906 shares of common stock; some units vest in three equal installments between October 2026 and October 2028, subject to forfeiture.

Insights

Compensation & Governance Analyst

RSU grant and performance shares indicate routine executive compensation; modest open-market sales satisfied taxes.

The reported 7,848 restricted stock units vest in three equal installments across 2026–2028

This structure aligns with multi-year retention incentives and ties value realization to continued service, while the 3,108 performance-share settlement reflects earned compensation converted to shares. The two sales/withholdings of 1,978 and 1,234 shares at $104.83 appear to satisfy tax withholding and/or net settlement; such actions reduce immediate share ownership but are standard for equity awards. Monitor the remaining vesting schedule through 2028 for continued dilution and potential future sales.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Gasper Trevor Q.

Role SVP, GENERAL COUNSEL AND SEC.

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,978	$104.83	$207K
Grant/Award	Common Stock	3,108	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,234	$104.83	$129K
Grant/Award	Common Stock	7,848	$0.00	$0.00

Holdings After Transaction: Common Stock — 24,906 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 award shares (2025-10-08): 3108 shares Equity award shares (2025-10-07): 7848 shares Tax-withholding shares (first): 1978 shares +3 more

6 metrics

Equity award shares (2025-10-08) 3108 shares Non-derivative common stock grant/award acquisition on 2025-10-08

Equity award shares (2025-10-07) 7848 shares Non-derivative common stock grant/award acquisition on 2025-10-07

Tax-withholding shares (first) 1978 shares Non-derivative common stock tax-withholding disposition on 2025-10-08 at $104.83 per share

Tax-withholding shares (second) 1234 shares Additional non-derivative common stock tax-withholding disposition on 2025-10-08 at $104.83 per share

Total tax-withholding shares 3212 shares Aggregate shares withheld to satisfy tax obligations as summarized in the filing

Post-transaction direct holdings 24,906 shares Direct common stock owned by Trevor Q. Gasper after reported transactions

Key Terms

restricted stock units, tax withholding obligations, performance share award, subject to forfeiture

4 terms

restricted stock units financial

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

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.

subject to forfeiture financial

"The shares will vest in three equal installments... subject to forfeiture"

FAQ

What insider transactions did Thor Industries (THO) report for Trevor Q. Gasper?

Thor Industries reported that SVP Trevor Q. Gasper received two equity awards of 3,108 and 7,848 shares of common stock and had two related tax-withholding dispositions of 1,978 and 1,234 shares, all reported as non-derivative common stock transactions.

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

Thor Industries’ filing shows 3,212 shares of common stock were withheld to cover tax obligations, at a price of $104.83 per share. These dispositions are coded as tax-withholding events rather than open-market sales and relate to vesting of previously granted equity awards.

How many Thor Industries (THO) shares does Trevor Q. Gasper hold after these transactions?

After the reported equity grants and tax-withholding events, Trevor Q. Gasper directly holds 24,906 shares of Thor Industries common stock. This post-transaction holding is explicitly stated as his canonical balance in the filing’s reported ownership table.

What types of equity awards did Thor Industries (THO) grant to Trevor Q. Gasper?

The filing describes restricted stock units that settle in an equal number of common shares and an earned performance share award settled in common stock. Some restricted units vest in three equal installments from October 2026 through October 2028, subject to potential forfeiture.

How do the vesting terms affect Trevor Q. Gasper’s THO equity awards?

Certain restricted stock units vest in three equal installments on October 7, 2026, October 13, 2027, and October 12, 2028. These units are subject to forfeiture, meaning continued service or other conditions must be met for full vesting and share delivery.

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

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Accepted by SEC EDGAR 10/09/2025 - 07:43 PM 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^*

Gasper Trevor Q.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, GENERAL COUNSEL AND SEC.

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		7,848	A	$0(1)	25,010	D
Common Stock	10/08/2025		F		1,978(2)	D	$104.83	23,032	D
Common Stock	10/08/2025		A		3,108	A	$0(3)	26,140	D
Common Stock	10/08/2025		F		1,234	D	$104.83	24,906	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 Trevor Q. Gasper	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.