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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Weighted-average assumptions used to estimate fair value of restricted stock units Inputs and assumptions used to calculate the fair value are shown in the table below. The fair value of these RSUs is expensed over the vesting period using the straight-line method or using the graded vesting method when an employee becomes eligible to retain the award at retirement.
Three Months Ended March 31,2023(1)2022
Fair value per stock award$116.17 $141.95 
Grant date stock price$111.38 $114.52 
Assumptions:
Aptar's stock price expected volatility20.00 %20.20 %
Expected average volatility of peer companies39.70 %41.70 %
Correlation assumption33.30 %41.20 %
Risk-free interest rate3.83 %2.04 %
Dividend yield assumption1.36 %1.33 %
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(1)The 2023 award inputs and assumptions are related to PSU-ROIC awards with a TSR modifier.
Summary of restricted stock unit activity
A summary of RSU activity as of March 31, 2023 and changes during the three month period then ended is presented below:
Time-Based RSUsPerformance-Based RSUs
UnitsWeighted Average
Grant-Date Fair Value		UnitsWeighted Average
Grant-Date Fair Value
Nonvested at January 1, 2022426,361 $111.60 610,871 $118.77 
Granted103,658 108.78 151,264 115.69 
Vested(148,620)103.67 (2,290)113.02 
Forfeited(2,059)114.42 (3,584)124.06 
Nonvested at March 31, 2023379,340 $113.97 756,261 $118.14 
Schedule of compensation expense, fair value, and intrinsic value related to RSU's
Three Months Ended March 31,20232022
Compensation expense$12,071 $13,362 
Fair value of units vested14,587 12,361 
Intrinsic value of units vested17,046 15,291 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions These values were estimated on the respective dates of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Stock Award Plans:
Three Months Ended March 31,2023
Dividend Yield1.41 %
Expected Stock Price Volatility16.55 %
Risk-free Interest Rate3.57 %
Expected Life of Option (years)7
Summary of option activity A summary of option activity under our stock plans during the three months ended March 31, 2023 is presented below:
Stock Awards PlansDirector Stock Option Plans
OptionsWeighted Average
Exercise Price		OptionsWeighted Average
Exercise Price
Outstanding, January 1, 20232,623,944 $73.34 51,700 $63.91 
Granted314,524 116.20 — — 
Exercised(208,987)66.19 (3,500)56.49 
Forfeited or expired(2,867)71.70 — — 
Outstanding at March 31, 20232,726,614 $78.83 48,200 $64.45 
Exercisable at March 31, 20232,412,090 $73.96 48,200 $64.45 
Weighted-Average Remaining Contractual Term (Years):
Outstanding at March 31, 20234.00.9
Exercisable at March 31, 20233.20.9
Aggregate Intrinsic Value:
Outstanding at March 31, 2023$107,907 $2,590 
Exercisable at March 31, 2023$106,692 $2,590 
Intrinsic Value of Options Exercised During the Three Months Ended:
March 31, 2023$10,118 $218 
March 31, 2022$3,780 $— 
Schedule of compensation expense, and fair value related to options
Three Months Ended March 31,2023
Compensation expense (included in SG&A)$2,734 
Compensation expense (included in Cost of sales)237 
Compensation expense, Total$2,971 
Compensation expense, net of tax2,971