Thor Industries SEC Filings

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.

Insider grant and holdings summary: A Form 4 shows that Peter Busch Orthwein, a director of Thor Industries, Inc. (THO), was granted 1,482 restricted stock units on 10/07/2025 that may be settled only in common shares and carry a reported price of $0. The RSUs fully vest on 10/07/2026, subject to forfeiture. After the grant, the reporting person beneficially owns 748,129 shares directly and multiple indirect holdings totaling large additional positions through spouse accounts, trusts, and other entities described in notes. The filing is signed by an attorney-in-fact on behalf of the reporting person.

Laurel Hurd, a director of Thor Industries, Inc. (THO), was granted 1,482 restricted stock units on 10/07/2025 that may be settled only in shares of common stock. The grant price is reported as $0, and the units will fully vest on 10/07/2026, the first anniversary of the grant, subject to forfeiture. After the grant, Ms. Hurd beneficially owns 6,566 shares of common stock in a direct ownership form. The Form 4 was signed on 10/09/2025 by an attorney-in-fact.

THOR Industries, Inc. (THO) remains the largest RV manufacturer by units and revenue, operating three reportable segments: North American Towable, North American Motorized and European Recreational Vehicles. For the fiscal year ended July 31, 2025, THOR reported softer demand driven by lower consumer confidence and higher interest rates, which reduced consolidated net sales and drove greater sales discounting. Consolidated gross profit declined $111.3 million to 14.0% of net sales. North American dealer inventory modestly fell to ~73,300 units and North American backlog rose 15.1% to $1,529.6 million, driven by motorized backlog. Operating cash flow improved to $577.9 million, with capital expenditures of $122.99 million and net cash used in financing of $426.3 million, including $106.1 million in dividends and $52.6 million in buybacks. Key balance-sheet notes include $373.8 million of Euro-denominated debt and goodwill of $1,841 million; no goodwill impairment was recorded after annual testing.

ACR Alpine Capital Research and its affiliated entities filed Amendment No. 2 to Schedule 13G revealing an aggregate holding of 4,265,031 Thor Industries (THO) common shares (CUSIP 885160101) as of 30 June 2025. This represents 8 % of THO’s 53.2 million shares outstanding reported in the company’s 31 May 2025 10-Q.

The shares are spread across numerous vehicles: ACR Alpine Capital Research, LP, its GP and related LLCs collectively report the full 4.27 million-share position; Alpine Private Capital accounts own 506,211 shares (≈1 %); ACR Opportunity, LP and ACR Opportunity Fund together hold 17,000 shares (<0.1 %). All voting and dispositive powers are shared; no party claims sole authority.

The certification states the securities were not acquired to influence control of the issuer, indicating a passive investment under Rule 13d-1(b)/(c). Other than updated ownership totals, the filing discloses no additional transactions, financing arrangements or governance intentions.

Timucuan Asset Management Inc., a Florida-based investment adviser, has filed a Schedule 13G reporting ownership of 2,674,398 Thor Industries (THO) shares, representing 5.03 % of the company’s outstanding common stock as of 30 June 2025. The shares are held in separately managed client accounts over which the firm exercises shared voting and dispositive power; it holds no sole authority. Timucuan Fund, L.P. and its general partner, Russell B. Newton III, each separately disclose 545,600 shares (1.03 %), also with shared voting and dispositive rights.

The filing is made under Rule 13d-1(b), signalling a passive investment with no intent to influence control. Crossing the 5 % threshold requires public disclosure and alerts investors to a new significant institutional holder, but the absence of sole voting power or activist language suggests minimal near-term governance impact. No other material transactions, financial results or control changes are disclosed.