The Northern Trust Corporation 2017 Long-Term Incentive Plan provides for the grant of non-qualified and incentive stock options; tandem and free-standing stock appreciation rights; stock awards in the form of restricted stock, restricted stock units and other stock awards; and performance awards.

Restricted stock unit and performance stock unit grants continue to vest in accordance with the original terms of the award if the applicable employee retires after satisfying applicable age and service requirements.

Total compensation expense for share-based payment arrangements and the associated tax impacts were as follows for the three and nine months ended September 30, 2023 and 2022.

TABLE 73: TOTAL COMPENSATION EXPENSE FOR SHARE-BASED PAYMENT ARRANGEMENTS


	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
(In Millions)	2023		2022		2023		2022
Restricted Stock Unit Awards	$	14.7	$	13.9	$	80.5	$	83.4
Performance Stock Units	1.8		0.9		17.8		21.4
Total Share-Based Compensation Expense	16.5		14.8		98.3		104.8
Tax Benefits Recognized	$	4.2	$	3.7	$	24.7	$	26.3