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STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2019
STOCK-BASED COMPENSATION |
Weighted-average assumptions used to estimate fair value of stock options granted |
Stock Awards Plans: |  |  |
Three Months Ended March 31, |  | 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 |  |  | (349,320) |  |  | 59.81 |  | (1,000) |  |  | 53.72 |
Forfeited or expired |  |  | (5,842) |  |  | 58.11 |  | — |  |  | — |
Outstanding at March 31, 2019 |  |  | 6,405,893 |  | $ | 66.10 |  | 154,200 |  | $ | 58.16 |
Exercisable at March 31, 2019 |  |  | 5,593,702 |  | $ | 63.88 |  | 154,200 |  | $ | 58.16 |
Weighted-Average Remaining Contractual Term (Years): |  |  |  |  |  |  |  |  |  |  |  |
Outstanding at March 31, 2019 |  |  | 5.7 |  |  |  |  | 3.9 |  |  |  |
Exercisable at March 31, 2019 |  |  | 5.3 |  |  |  |  | 3.9 |  |  |  |
Aggregate Intrinsic Value: |  |  |  |  |  |  |  |  |  |  |  |
Outstanding at March 31, 2019 |  | $ | 258,093 |  |  |  | $ | 7,437 |  |  |  |
Exercisable at March 31, 2019 |  | $ | 237,778 |  |  |  | $ | 7,437 |  |  |  |
Intrinsic Value of Options Exercised During the Three Months Ended: |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2019 |  | $ | 14,047 |  |  |  | $ | 51 |  |  |  |
March 31, 2018 |  | $ | 22,804 |  |  |  | $ | 1,608 |  |  |  |
Weighted-average assumptions used to estimate fair value of restricted stock units |
Three Months Ended March 31, |  |  | 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 |  | 112,553 |  |  | 101.96 |  | 122,737 |  |  | 120.62 |
Vested |  | (32,202) |  |  | 85.13 |  | — |  |  | — |
Forfeited |  | (3,786) |  |  | 104.54 |  | — |  |  | — |
Nonvested at March 31, 2019 |  | 338,052 |  | $ | 95.66 |  | 192,727 |  | $ | 117.32 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of restricted stock units, including, but not limited to: (a) expected term of restricted stock units and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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