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Wade Thompson Estate Sells 1M Thor Shares

Posted By RVBusiness On April 23, 2010 @ 9:21 am In Breaking News | No Comments

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.

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