XML 51 R39.htm IDEA: XBRL DOCUMENT v3.25.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of 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.
Nine Months Ended September 30,20252024
Fair value per stock award$154.20 $145.79 
Grant date stock price$147.84 $141.00 
Assumptions:
Aptar's stock price expected volatility17.70 %18.80 %
Expected average volatility of peer companies34.10 %34.80 %
Correlation assumption31.00 %30.70 %
Risk-free interest rate4.03 %4.51 %
Dividend yield assumption1.22 %1.16 %
Schedule of Restricted Stock Unit Activity
A summary of RSU activity as of September 30, 2025 and changes during the nine month period then ended is presented below:
Time-Based RSUsPerformance-Based RSUs
UnitsWeighted Average
Grant-Date Fair Value		UnitsWeighted Average
Grant-Date Fair Value
Nonvested at January 1, 2025277,245 $123.28 513,226 $127.17 
Granted93,346 145.29 207,167 147.38 
Vested(142,856)117.70 (215,069)131.12 
Forfeited(8,064)126.16 (48,879)121.15 
Nonvested at September 30, 2025219,671 $136.14 456,445 $135.06 
Schedule of Compensation Expense, Fair Value, and Intrinsic Value Related to Rsu's
Nine Months Ended September 30,20252024
Compensation expense (included in SG&A)$27,515 $29,425 
Compensation expense (included in Cost of sales)2,588 2,252 
Compensation expense, Total$30,103 $31,677 
Fair value of units vested43,382 35,434 
Intrinsic value of units vested53,743 38,578 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions These values were estimated on the respective dates of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Stock Award Plans:
Nine Months Ended September 30,20252024
Dividend Yield1.17 %1.28 %
Expected Stock Price Volatility17.66 %17.03 %
Risk-free Interest Rate4.21 %4.51 %
Expected Life of Option (years)7.07.0
Schedule of Option Activity A summary of option activity under our stock plans during the nine months ended September 30, 2025 is presented below:
Stock Awards Plans
OptionsWeighted Average
Exercise Price
Outstanding, January 1, 20251,663,307 $93.69 
Granted226,187 147.84 
Exercised(194,834)76.20 
Forfeited or expired(13,671)114.87 
Outstanding at September 30, 20251,680,989 $102.83 
Exercisable at September 30, 20251,195,724 $88.11 
Weighted-Average Remaining Contractual Term (Years):
Outstanding at September 30, 20254.5
Exercisable at September 30, 20252.8
Aggregate Intrinsic Value:
Outstanding at September 30, 2025$54,546 
Exercisable at September 30, 2025$53,009 
Intrinsic Value of Options Exercised During the Nine Months Ended:
September 30, 2025$15,079 
September 30, 2024$43,779 
Schedule of Compensation Expense, and Fair Value Related to Options
Nine Months Ended September 30,20252024
Compensation expense (included in SG&A)$6,082 $5,678 
Compensation expense (included in Cost of sales)587 607 
Compensation expense, Total$6,669 $6,285 
Compensation expense, net of tax5,455 6,121 
Grant date fair value of options vested5,200 2,306