Thor Industries (THO) executive compensation, 2025 proxy

Robert W. Martin, President and Chief Executive Officer, was paid $14.6M in fiscal Year 2025, up 38% from $10.6M the year before.

Filed
November 3, 2025
Annual meeting
December 17, 2025
Pay year
fiscal Year 2025
Named executives
5
CEO total pay
$14.6M+38% vs prior year
CEO pay in equity
49%$7.1M in awards
Prior say-on-pay support
97%of votes cast
CEO base salary
$750,000Unchanged since Fiscal Year 2013
CEO equity awards
$7.1MShare awards in Fiscal Year 2025
CEO incentive pay
$6.7MNon-equity incentive compensation
Target CEO MIP
$6.1MFiscal Year 2025 target
PSU payout range
0%-200%Based on ROIC and FCF

How Martin was paid

$14.6M in total for fiscal Year 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary5%Stock awards49%Non-equity incentive46%All other compensation0%

Named executive officers

ExecutiveTotal
Robert W. MartinPresident and Chief Executive Officer$14,613,718
Colleen ZuhlSenior Vice President and Chief Financial Officer$6,660,214
Todd WoelferSenior Vice President and Chief Operating Officer$6,475,355
Trevor Q. GasperSenior Vice President, General Counsel, & Corporate Secretary$3,180,575
Michele McDermottChief Human Resources Officer$2,230,136

What changed and why

  • $14.6M$14.6M was CEO Robert Martin's total Fiscal Year 2025 compensation, compared with $10.6M in Fiscal Year 2024.
  • $750K$750,000 was Martin's base salary, unchanged since Fiscal Year 2013.
  • $6.7M$6.7M was Martin's Fiscal Year 2025 non-equity incentive compensation.
  • $7.1M$7.1M was Martin's Fiscal Year 2025 share-award compensation.
  • 97%97% of votes supported the company's 2024 advisory say-on-pay proposal.
  • Performance awards used Company Adjusted NBT, ROIC, FCF, retention, engagement, and leadership metrics.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.