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Appellant urges appeals court to treat vested stock options as alimony income
Summary
In McKay v. Ford the Appeals Court heard arguments over whether equity awards should count as alimony 'upon vesting' or only when liquidated; counsel for the wife asked the court to vacate part of a contempt judgment, while the trial judge's clarifying order and practical enforcement questions — including board approval and a $1.4 million cap — drew probing questions from the panel.
An attorney for the appellant in McKay v. Ford told the Massachusetts Appeals Court that stock options and other equity incentives should be treated as alimony income when they vest, not only when the husband sells them.
"I'm asking the court today to vacate paragraph two of the judgment of contempt entered October 15, 2024," said attorney Glenn Schledder, who argued he had asked the court to find the defendant in contempt for failing to pay alimony on income from stock options and to include statutory interest. Schledder said the separation agreement explicitly included stock options in its income definition and that treating the…
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