Share-Based Compensation Plans

9 Months Ended

Sep. 30, 2014

16. Share-Based Compensation Plans — The Northern Trust Corporation 2012 Stock Plan provides for the grant of nonqualified stock options, incentive stock options, stock appreciation rights, stock awards, restricted stock units, and performance stock units.

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, 2014, and 2013.


	Three Months Ended September 30,				Nine Months Ended September 30,
(In Millions)	2014		2013		2014		2013
Restricted Stock Unit Awards	$	12.7	$	12.1	$	41.7	$	36.4
Stock Options		2.2		3.7		10.7		14.9
Performance Stock Units		3.1		2.1		8.9		5.4

Total Share-Based Compensation Expense		18.0		17.9		61.3		56.7

Tax Benefits Recognized	$	6.8	$	6.8	$	23.0	$	21.3

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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