STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2019

STOCK-BASED COMPENSATION

Weighted-average assumptions used to estimate fair value of stock options granted

Stock Awards Plans:
Nine Months Ended September 30,	2018
Dividend Yield	1.5	%
Expected Stock Price Volatility	14.2	%
Risk-free Interest Rate	2.8	%
Expected Life of Option (years)	6.6

Summary of option activity

	Stock Awards Plans					Director Stock Option Plans
			Weighted Average				Weighted Average
		Options	Exercise Price			Options	Exercise Price
Outstanding, January 1, 2019		6,761,055	$	65.76		155,200	$	58.13
Granted		—		—		—		—
Exercised		(1,382,639)		57.24		(14,200)		62.33
Forfeited or expired		(131,067)		71.67		—		—
Outstanding at September 30, 2019		5,247,349	$	67.96		141,000	$	57.71
Exercisable at September 30, 2019		4,464,502	$	65.61		141,000	$	57.71
Weighted-Average Remaining Contractual Term (Years):
Outstanding at September 30, 2019		5.6				3.3
Exercisable at September 30, 2019		5.1				3.3
Aggregate Intrinsic Value:
Outstanding at September 30, 2019	$	263,304			$	8,508
Exercisable at September 30, 2019	$	234,118			$	8,508
Intrinsic Value of Options Exercised During the Nine Months Ended:
September 30, 2019	$	76,797			$	722
September 30, 2018	$	62,895			$	2,187

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

Nine Months Ended September 30,		2019			2018
Fair value per stock award	$	134.97		$	128.70
Grant date stock price	$	104.51		$	89.42
Assumptions:
Aptar's stock price expected volatility		16.50	%		12.30	%
Expected average volatility of peer companies		31.90	%		27.50	%
Correlation assumption		37.40	%		20.20	%
Risk-free interest rate		2.19	%		2.42	%
Dividend yield assumption		1.30	%		1.43	%

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, 2019	261,487	$	91.78	69,990	$	111.55
Granted	173,333		92.63	123,246		119.35
Vested	(46,912)		87.38	—		—
Forfeited	(22,613)		98.82	(9,237)		117.45
Nonvested at September 30, 2019	365,295	$	92.32	183,999	$	117.34