STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2020

STOCK-BASED COMPENSATION

Summary of option activity

	Stock Awards Plans					Director Stock Option Plans
			Weighted Average				Weighted Average
		Options	Exercise Price			Options	Exercise Price
Outstanding, January 1, 2020		5,044,180	$	68.32		135,251	$	58.45
Granted		—		—		—		—
Exercised		(460,243)		58.21		(30,751)		51.22
Forfeited or expired		(14,200)		76.07		—		—
Outstanding at June 30, 2020		4,569,737	$	69.38		104,500	$	60.58
Exercisable at June 30, 2020		4,416,415	$	68.62		104,500	$	60.58
Weighted-Average Remaining Contractual Term (Years):
Outstanding at June 30, 2020		5.0				3.1
Exercisable at June 30, 2020		4.9				3.1
Aggregate Intrinsic Value:
Outstanding at June 30, 2020	$	194,684			$	4,902
Exercisable at June 30, 2020	$	190,936			$	4,902
Intrinsic Value of Options Exercised During the Six Months Ended:
June 30, 2020	$	26,027			$	1,973
June 30, 2019	$	65,944			$	722

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

Six Months Ended June 30,		2020			2019
Fair value per stock award	$	94.98		$	134.97
Grant date stock price	$	83.93		$	104.51
Assumptions:
Aptar's stock price expected volatility		23.80	%		16.50	%
Expected average volatility of peer companies		48.50	%		31.90	%
Correlation assumption		63.50	%		37.40	%
Risk-free interest rate		0.31	%		2.19	%
Dividend yield assumption		1.72	%		1.30	%

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, 2020	480,729	$	95.45	181,680	$	117.26
Granted	229,033		85.57	417,313		93.08
Vested	(125,020)		85.55	—		—
Forfeited	(5,692)		99.08	(6,714)		108.10
Nonvested at June 30, 2020	579,050	$	92.14	592,279	$	100.29