Thor Industries Stock Gets Vote of Confidence as Director Increases Stake

Rhea-AI Filing Summary

Thor Industries Director Peter Busch Orthwein reported a significant insider purchase of 3,000 shares at $85.40 per share on June 20, 2025, representing a total investment of $256,200. Following this transaction, Orthwein's total beneficial ownership includes:

• 1,060,647 shares held directly
• 784,603 shares held indirectly through various trusts and family holdings, including:
  • 136,400 shares in the Peter Orthwein Irrevocable Trust
  • 299,700 shares in the PBO-BMO Descendants Trust
  • 124,000 shares in the Adolphus Busch Orthwein Trust

This insider purchase demonstrates significant confidence in Thor Industries by a key board member, with Orthwein maintaining substantial direct and indirect ownership through various family trusts and investment vehicles. The transaction increases his already considerable stake in the company.

Positive

• Director Peter Busch Orthwein purchased 3,000 shares at $85.40 per share ($256,200 total), demonstrating insider confidence in the company

Negative

• None.

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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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^*

ORTHWEIN PETER BUSCH

(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)
06/20/2025

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	06/20/2025		P		3,000	A	$85.4	136,400	I	See Note(1)
Common Stock								1,060,647	D
Common Stock								70,120	I	See Note(2)
Common Stock								30,000	I	See Note(3)
Common Stock								94,783	I	See Note(4)
Common Stock								124,000	I	See Note(5)
Common Stock								30,000	I	See Note(6)
Common Stock								299,700	I	See Note(7)

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. These shares are held by the Peter Orthwein Irrevocable Trust, dated December 3, 2020, for the benefit of the reporting person's descendants. The reporting person is the settlor of the trust. An unaffiliated third-party serves as the trustee of the trust, but the reporting person retains certain investment control over the reported shares.

2. These shares are held for the account of the reporting person's spouse.

3. These shares are held for the account of a trust for the benefit of the reporting person's half-brother. The reporting person is one of the trustees of the trust.

4. These shares are held for the account of the Trust FBO Peter B. Orthwein, of which the reporting person is the trustee and beneficiary.

5. These shares are held for the account of the Adolphus Busch Orthwein Trust for the benefit of the reporting person's children. The reporting person is the trustee of the trust.

6. These shares are held for the account of the Adolphus Busch Orthwein Trust for the benefit of the reporting person, of which the reporting person is the trustee and beneficiary.

7. These shares are held for the account of the PBO-BMO Descendants Trust, of which the reporting person is the sole trustee and of which the reporting person's three youngest children are the beneficiaries. The reporting person disclaims beneficial ownership of the shares except to the extent of the pecuniary interest of the reporting person, his spouse and his three youngest children in the shares.

	/s/ Barb Montague, attorney-in-fact for Peter Busch Orthwein	06/23/2025
	** 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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FAQ

How many THO shares did Peter Busch Orthwein purchase on June 20, 2025?

Peter Busch Orthwein purchased 3,000 shares of THO common stock at a price of $85.40 per share on June 20, 2025.

What is Peter Busch Orthwein's total direct ownership of THO stock?

According to the Form 4 filing, Peter Busch Orthwein directly owns 1,060,647 shares of THO common stock.

How many THO shares does Peter Orthwein control indirectly through various trusts?

Peter Orthwein indirectly controls a total of 785,003 shares through various trusts, including 136,400 shares in the Peter Orthwein Irrevocable Trust, 124,000 shares in the Adolphus Busch Orthwein Trust for his children, and 299,700 shares in the PBO-BMO Descendants Trust, among others.

What is Peter Busch Orthwein's relationship to Thor Industries (THO)?

According to the Form 4 filing, Peter Busch Orthwein serves as a Director of Thor Industries (THO).

When was the insider transaction reported to the SEC?

The Form 4 was signed on June 23, 2025, and filed with the SEC on June 28, 2025, reporting the insider transaction that occurred on June 20, 2025.