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STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 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.
Six Months Ended June 30,2023(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 June 30, 2023 and changes during the six 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, 2023426,361 $111.60 610,871 $118.77 
Granted118,308 110.05 151,368 115.69 
Vested(176,945)104.08 (99,878)89.33 
Forfeited(6,880)102.59 (132,899)93.30 
Nonvested at June 30, 2023360,844 $115.04 529,462 $129.84 
Included in the time-based RSU activity for the six months ended June 30, 2023 are 13,146 units granted to non-employee directors and 10,589 units vested related to non-employee directors.
Schedule of compensation expense, fair value, and intrinsic value related to RSU's
Six Months Ended June 30,20232022
Compensation expense$22,008 $22,136 
Fair value of units vested27,178 19,724 
Intrinsic value of units vested31,809 21,481 
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:
Six Months Ended June 30,2023
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 six months ended June 30, 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 
Granted314,736 116.20 — — 
Exercised(350,398)68.08 (13,700)56.49 
Forfeited or expired(3,461)78.51 — — 
Outstanding at June 30, 20232,584,821 $79.26 38,000 $66.59 
Exercisable at June 30, 20232,270,679 $74.15 38,000 $66.59 
Weighted-Average Remaining Contractual Term (Years):
Outstanding at June 30, 20233.80.9
Exercisable at June 30, 20233.00.9
Aggregate Intrinsic Value:
Outstanding at June 30, 2023$89,996 $1,787 
Exercisable at June 30, 2023$89,599 $1,787 
Intrinsic Value of Options Exercised During the Six Months Ended:
June 30, 2023$16,886 $854 
June 30, 2022$8,046 $— 
Schedule of compensation expense, and fair value related to options
Six Months Ended June 30,2023
Compensation expense (included in SG&A)$3,147 
Compensation expense (included in Cost of sales)278 
Compensation expense, Total$3,425 
Compensation expense, net of tax3,425