Thor Industries Executive Compensation (FY25)
THO · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Thor Industries
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): December 17, 2025
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
151 figures on this page: 141 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
More on Thor Industries
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Robert Martin: $10,574,521 → $14,613,718 (38.2% higher)
Say-on-pay support: 97.0% → 93.5% (3.5 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Thor Industries' chief executive and what were they paid?
Robert Martin was paid $14,613,718 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $10,574,521 reported for fiscal 2024, Martin's total was 38.2% higher.
What was Thor Industries' say-on-pay result?
The say-on-pay proposal drew 93.5% of votes cast for or against in favor at the meeting held December 17, 2025 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Robert Martin President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Todd Woelfer Senior Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Colleen Zuhl Senior Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Trevor Gasper Senior Vice President, General Counsel, & Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Robert Martin President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Colleen Zuhl Senior Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Todd Woelfer Senior Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Trevor Gasper Senior Vice President, General Counsel, & Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Michele McDermott Chief Human Resources Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Robert Martin President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Colleen Zuhl Senior Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Todd Woelfer Senior Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Trevor Gasper Senior Vice President, General Counsel, & Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michele McDermott Chief Human Resources Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Michele McDermott | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Trevor Gasper | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Colleen Zuhl | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Todd Woelfer | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Robert Martin | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Andrew E. Graves Board chair | ◇ | ◇ | — | — | — | — | ◇ |
William J. Kelley Jr | ◇ | ◇ | — | — | — | — | ◇ |
Christopher Klein | ◇ | ◇ | — | — | — | — | ◇ |
Amelia A. Huntington | ◇ | ◇ | — | — | — | — | ◇ |
Peter B. Orthwein | ◇ | ◇ | — | — | — | — | ◇ |
Christina Hennington | ◇ | ◇ | — | — | — | — | ◇ |
Laurel Hurd | ◇ | ◇ | — | — | — | — | ◇ |
Jeffrey D. Lorenger | ◇ | ◇ | — | — | — | — | ◇ |
Robert W. Martin served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Amelia A. Huntington, Chair symbol not shown
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | December 17, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | December 20, 2024 | = | ◇ | ◇ | ◇ |
| 2023 | December 15, 2023 | = | ◇ | ◇ | ◇ |
| 2022 | December 16, 2022 | = | ◇ | ◇ | ◇ |
| 2021 | December 17, 2021 | = | ◇ | ◇ | ◇ |
| 2020 | December 18, 2020 | = | ◇ | ◇ | ◇ |
| 2019 | December 13, 2019 | = | ◇ | ◇ | ◇ |
| 2018 | December 14, 2018 | = | ◇ | ◇ | ◇ |
| 2017 | December 12, 2017 | = | ◇ | ◇ | ◇ |
| 2016 | December 9, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Thor Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Thor Industries sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
151 figures on this page: 141 cited to the filing that reported them, 10 calculated from figures it prints.
141 cited to the filing
10 calculated from the filing
Documents cited
- 0000730263-25-000035Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-25-040168Director Compensation · Outstanding Equity Awards at 2025 Fiscal Year-End · Summary Compensation Table
- 0001171843-24-007036Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-23-296631Item 5.07 Submission of Matters to a Vote of Security Holders.
- 0001171843-22-008089Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-21-060637Item 5.07 Submission of Matters to a Vote of Security Holders.
- 0001564590-20-057599Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-19-072950Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001157523-18-002589Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-17-063503Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-16-138774Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Thor Industries executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/THO (accessed 2026).
Short form: data: Velarion
The paid brief for Thor Industries
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}