By Gary Joseph and Jen Capuno ( August 11, 2022, 2:09 PM EDT) -- As we discussed in the first of this two-part series, when employee stock options (ESOs) form part of the asset pool of a separated spouse, counsel must be familiar with the treatment of and valuation of this unique asset. In this article, we delve deeper into the two most commonly used option valuation models for ESOs: the “binomial model” and the “Black-Scholes-Merton (BSM) model.” The latter model takes its name from the economists who first published the model in 1973 — namely, Fischer Black, Myron Scholes and Robert Merton....