XML 54 R39.htm IDEA: XBRL DOCUMENT v3.24.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of 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.
Nine Months Ended September 30,20242023
Fair value per stock award$145.79 $116.17 
Grant date stock price$141.00 $111.38 
Assumptions:
Aptar's stock price expected volatility18.80 %20.00 %
Expected average volatility of peer companies34.80 %39.70 %
Correlation assumption30.70 %33.30 %
Risk-free interest rate4.51 %3.83 %
Dividend yield assumption1.16 %1.36 %
Schedule of restricted stock unit activity
A summary of RSU activity as of September 30, 2024 and changes during the nine 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, 2024335,874 $115.15 514,383 $130.10 
Granted125,454 137.03 129,614 145.79 
Vested(176,820)119.33 (97,764)162.33 
Forfeited(4,087)118.06 (32,007)143.88 
Nonvested at September 30, 2024280,421 $122.18 514,226 $127.11 
Schedule of compensation expense, fair value, and intrinsic value related to RSU's
Nine Months Ended September 30,20242023
Compensation expense$31,677 $32,209 
Fair value of units vested35,434 27,662 
Intrinsic value of units vested38,578 32,319 
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:
Nine Months Ended September 30,20242023
Dividend Yield1.28 %1.41 %
Expected Stock Price Volatility17.03 %16.55 %
Risk-free Interest Rate4.51 %3.57 %
Expected Life of Option (years)7.07.0
Schedule of option activity A summary of option activity under our stock plans during the nine months ended September 30, 2024 is presented below:
Stock Awards PlansDirector Stock Option Plans
OptionsWeighted Average
Exercise Price		OptionsWeighted Average
Exercise Price
Outstanding, January 1, 20242,182,784 $80.63 19,000 $66.59 
Granted249,805 141.00 — — 
Exercised(610,124)70.98 (19,000)66.59 
Forfeited or expired(9,666)107.82 — — 
Outstanding at September 30, 20241,812,799 $92.05 — $— 
Exercisable at September 30, 20241,361,396 $79.52 — $— 
Weighted-Average Remaining Contractual Term (Years):
Outstanding at September 30, 20244.30.0
Exercisable at September 30, 20242.70.0
Aggregate Intrinsic Value:
Outstanding at September 30, 2024$123,515 $— 
Exercisable at September 30, 2024$109,830 $— 
Intrinsic Value of Options Exercised During the Nine Months Ended:
September 30, 2024$43,779 $1,394 
September 30, 2023$27,392 $1,978 
Schedule of compensation expense, and fair value related to options
Nine Months Ended September 30,20242023
Compensation expense (included in SG&A)$5,678 $3,561 
Compensation expense (included in Cost of sales)607 314 
Compensation expense, Total$6,285 $3,875 
Compensation expense, net of tax6,121 3,875 
Grant date fair value of options vested2,306 —