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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2018
STOCK-BASED COMPENSATION  
Weighted-average assumptions used to estimate fair value of stock options granted

 

 

 

 

 

 

 

 

Stock Awards Plans:

    

 

 

 

 

Six Months Ended June 30,

 

2018

    

2017

    

Dividend Yield

 

1.5

%  

1.7

%

Expected Stock Price Volatility

 

14.2

%  

15.8

%

Risk-free Interest Rate

 

2.8

%  

2.2

%

Expected Life of Option (years)

 

6.6

 

6.7

 

 

Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Awards Plans

 

Director Stock Option Plans

 

 

    

 

 

    

Weighted Average

    

 

    

Weighted Average

 

 

 

 

Options

 

Exercise Price

 

Options

 

Exercise Price

 

Outstanding, January 1, 2018

 

 

8,059,319

 

$

61.67

 

214,967

 

$

57.44

 

Granted

 

 

603,901

 

 

88.39

 

 —

 

 

 —

 

Exercised

 

 

(829,617)

 

 

53.07

 

(44,000)

 

 

53.35

 

Forfeited or expired

 

 

(112,768)

 

 

72.32

 

 

 

 —

 

Outstanding at June 30, 2018

 

 

7,720,835

 

$

64.53

 

170,967

 

$

58.49

 

Exercisable at June 30, 2018

 

 

5,723,152

 

$

59.78

 

170,967

 

$

58.49

 

Weighted-Average Remaining Contractual Term (Years):

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2018

 

 

6.1

 

 

 

 

4.7

 

 

 

 

Exercisable at June 30, 2018

 

 

5.3

 

 

 

 

4.7

 

 

 

 

Aggregate Intrinsic Value:

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2018

 

$

222,765

 

 

 

$

5,964

 

 

 

 

Exercisable at June 30, 2018

 

$

192,316

 

 

 

$

5,964

 

 

 

 

Intrinsic Value of Options Exercised During the Six Months Ended:

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

$

31,307

 

 

 

$

1,608

 

 

 

 

June 30, 2017

 

$

41,030

 

 

 

$

3,441

 

 

 

 

 

Weighted-average assumptions used to estimate fair value of restricted stock units

 

 

 

 

 

Six Months Ended June 30,

 

 

2018

 

Fair value per stock award

 

$

134.09

 

Measurement date stock price

 

$

93.38

 

Assumptions:

 

 

 

 

Aptar's stock price expected volatility

 

 

12.00

%

Expected average volatility of peer companies

 

 

27.40

%

Correlation assumption

 

 

20.10

%

Risk-free interest rate

 

 

2.58

%

Dividend yield assumption

 

 

1.37

%

 

Summary of restricted stock unit activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time-Based RSUs

 

Performance-Based RSUs

 

 

 

    

    

Weighted Average

   

 

    

Weighted Average

 

 

 

Units

 

Grant-Date Fair Value

 

Units

 

Grant-Date Fair Value

 

Nonvested at January 1,  2018

 

124,067

 

$

74.65

 

 —

 

$

 —

 

Granted

 

94,324

 

 

89.89

 

80,843

 

 

111.55

 

Vested

 

(33,182)

 

 

75.77

 

 —

 

 

 —

 

Forfeited

 

(4,053)

 

 

87.54

 

(3,184)

 

 

111.55

 

Nonvested at June 30, 2018

 

181,156

 

$

82.09

 

77,659

 

$

111.55