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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
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.
Six Months Ended June 30, | 2022 |  | 2021
Fair value per stock award | $ | 141.95 |  |  | $ | 171.63 |
Grant date stock price | $ | 114.52 |  |  | $ | 141.59 |
Assumptions: |  |  |
Aptar's stock price expected volatility | 20.20 | % |  | 21.40 | %
Expected average volatility of peer companies | 41.70 | % |  | 50.00 | %
Correlation assumption | 41.20 | % |  | 58.10 | %
Risk-free interest rate | 2.04 | % |  | 0.32 | %
Dividend yield assumption | 1.33 | % |  | 1.02 | %
Summary of restricted stock unit activity | A summary of RSU activity as of June 30, 2022 and changes during the six month period then ended is presented below:
| Time-Based RSUs |  | Performance-Based RSUs
| Units |  | Weighted Average Grant-Date Fair Value |  | Units |  | Weighted Average Grant-Date Fair Value
Nonvested at January 1, 2022 | 485,479 |  |  | $ | 108.73 |  |  | 650,553 |  |  | $ | 111.04 |
Granted | 187,429 |  |  | 112.76 |  |  | 225,303 |  |  | 126.72 |
Vested | (140,914) |  |  | 106.15 |  |  | (43,388) |  |  | 134.97 |
Forfeited | (5,468) |  |  | 111.16 |  |  | (74,224) |  |  | 112.07 |
Nonvested at June 30, 2022 | 526,526 |  |  | $ | 110.74 |  |  | 758,244 |  |  | $ | 114.23 |
Schedule of compensation expense, fair value, and intrinsic value related to RSU's |
Six Months Ended June 30, | 2022 |  | 2021
Compensation expense | $ | 22,136 |  |  | $ | 21,579 |
Fair value of units vested | 19,724 |  |  | 20,778 |
Intrinsic value of units vested | 21,481 |  |  | 28,259 |
Summary of option activity | A summary of option activity under our stock plans during the six months ended June 30, 2022 is presented below:
| Stock Awards Plans |  | Director Stock Option Plans
| Options |  | Weighted Average Exercise Price |  | Options |  | Weighted Average Exercise Price
Outstanding, January 1, 2022 | 3,072,503 |  |  | $ | 71.99 |  |  | 51,700 |  |  | $ | 63.91 |
Exercised | (168,846) |  |  | 67.60 |  |  | — |  |  | — |
Forfeited or expired | (400) |  |  | 51.80 |  |  | — |  |  | — |
Outstanding at June 30, 2022 | 2,903,257 |  |  | $ | 72.25 |  |  | 51,700 |  |  | $ | 63.91 |
Exercisable at June 30, 2022 | 2,903,257 |  |  | $ | 72.25 |  |  | 51,700 |  |  | $ | 63.91 |
Weighted-Average Remaining Contractual Term (Years): |  |  |  |  |  |  |
Outstanding at June 30, 2022 | 3.6 |  |  |  | 1.6 |  |
Exercisable at June 30, 2022 | 3.6 |  |  |  | 1.6 |  |
Aggregate Intrinsic Value: |  |  |  |  |  |  |
Outstanding at June 30, 2022 | $ | 90,420 |  |  |  |  | $ | 2,041 |  |  |
Exercisable at June 30, 2022 | $ | 90,420 |  |  |  |  | $ | 2,041 |  |  |
Intrinsic Value of Options Exercised During the Six Months Ended: |  |  |  |  |  |  |
June 30, 2022 | $ | 8,046 |  |  |  |  | $ | — |  |  |
June 30, 2021 | $ | 63,407 |  |  |  |  | $ | 4,248 |  |  |
Schedule of compensation expense, and fair value related to options |
Six Months Ended June 30, |  |  | 2021
Compensation expense (included in SG&A) |  |  | $ | 185 |
Compensation expense (included in Cost of sales) |  |  | 42 |
Compensation expense, Total |  |  | $ | 227 |
Compensation expense, net of tax |  |  | 174 |
Grant date fair value of options vested |  |  | 2,421 |

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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 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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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