Schuman v. Schuman

After Wife filed a complaint for divorce from Husband, the trial court conducted an equitable distribution hearing, pursuant to which it determined that, because Wife exercised some of the options with separate funds, the entirety of Wife's stock awards were her separate property. The court of appeals affirmed the judgment of the trial court finding that the stock awards were Mary's separate property but for different reasons, holding that the stock awards were not marital property because they did not vest during the marriage. The Supreme Court reversed, holding that the court of appeals erred in its classification of the stock awards based solely on the date of vesting. Remanded.