XML 50 R38.htm IDEA: XBRL DOCUMENT v3.25.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2025
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.
Three Months Ended March 31,20252024
Fair value per stock award$154.20 $145.79 
Grant date stock price$147.84 $141.00 
Assumptions:
Aptar's stock price expected volatility17.70 %18.80 %
Expected average volatility of peer companies34.10 %34.80 %
Correlation assumption31.00 %30.70 %
Risk-free interest rate4.03 %4.51 %
Dividend yield assumption1.22 %1.16 %
Schedule of Restricted Stock Unit Activity
A summary of RSU activity as of March 31, 2025 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, 2025277,245 $123.28 513,226 $127.17 
Granted79,584 144.61 142,543 153.88 
Vested(118,820)117.49 (1,594)107.41 
Forfeited(338)120.28 (9,756)116.40 
Nonvested at March 31, 2025237,671 $132.99 644,419 $133.29 
Schedule of Compensation Expense, Fair Value, and Intrinsic Value Related to Rsu's
Three Months Ended March 31,20252024
Compensation expense$14,763 $13,985 
Fair value of units vested12,406 16,319 
Intrinsic value of units vested17,624 20,246 
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 31,20252024
Dividend Yield1.17 %1.28 %
Expected Stock Price Volatility17.66 %17.03 %
Risk-free Interest Rate4.21 %4.51 %
Expected Life of Option (years)7.07.0
Schedule of Option Activity A summary of option activity under our stock plans during the three months ended March 31, 2025 is presented below:
Stock Awards Plans
OptionsWeighted Average
Exercise Price
Outstanding, January 1, 20251,663,307 $93.69 
Granted225,719 147.84 
Exercised(46,153)72.64 
Forfeited or expired(4,380)76.30 
Outstanding at March 31, 20251,838,493 $100.91 
Exercisable at March 31, 20251,345,846 $86.96 
Weighted-Average Remaining Contractual Term (Years):
Outstanding at March 31, 20254.8
Exercisable at March 31, 20253.2
Aggregate Intrinsic Value:
Outstanding at March 31, 2025$87,249 
Exercisable at March 31, 2025$82,645 
Intrinsic Value of Options Exercised During the Three Months Ended:
March 31, 2025$3,747 
March 31, 2024$19,529 
Schedule of Compensation Expense, and Fair Value Related to Options
Three Months Ended March 31,20252024
Compensation expense (included in SG&A)$4,046 $3,852 
Compensation expense (included in Cost of sales)383 439 
Compensation expense, Total$4,429 $4,291 
Compensation expense, net of tax3,852 3,744 
Grant date fair value of options vested5,243 2,299