The estate of Wade F. B. Thompson, co-founder of Thor Indiustries Inc., continues to dispose of stock in the industry-leading company.
The estate soldf 1 million shares of Thor stock on Tuesday (April 21) at a price of $32.40 per share. The transaction was valued at $32.4 million, according to a filing with the Securities and Exchange Commission (SEC). The buyer was not identified in the SEC filing.
Thompson’s widow and co-executor of the estate, Angela E. Thompson, signed the SEC document.
As of Nov. 10, the day Thompson stepped down as Thor chairman and CEO and a short time before his death, Thompson beneficially owned 15,753,470 shares of the company’s common stock, which represented 28.4% of the issued and outstanding Thor stock.
This latest sale left Thompson’s estate still holding approximately 8.4 million shares of Thor stock, according to the latest SEC filing.