Linda G. Stuntz
EDISON INTERNATIONALAbout Linda G. Stuntz
Linda G. Stuntz, age 70, is an independent director of Edison International (EIX) since 2014. She serves as Chair of the Nominating and Governance Committee and is a member of the Compensation and Executive Personnel Committee, bringing deep expertise in utility regulation, environmental law, and public policy. Her credentials include a B.A. from Wittenberg University and a J.D. from Harvard University, and her mandatory retirement date under EIX guidelines is 2027 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| U.S. Department of Energy | Deputy Secretary and senior policy roles; principal role in Energy Policy Act of 1992 | 1989–1993 | Led policy development; focus on climate change and energy-related GHG reduction measures |
| U.S. House Energy & Commerce Committee | Associate Minority Counsel / Minority Counsel | 1981–1987 | Energy and public policy legal counsel |
| Stuntz, Davis & Staffier, P.C. | Partner (energy and environmental regulation) | 1995–2018 | Advised utilities and energy companies; ESG and safety exposure |
| Shell plc | Director | 2011–2020 | Corporate governance in energy industry |
| Raytheon Company | Director | 2005–2016 | Oversight in aerospace/defense |
| Schlumberger Ltd. | Director | 1993–2010 | Oversight in oilfield services |
| American Electric Power Co. | Director | 1993–2004 | Utility board experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Center for Strategic and International Studies | Senior Advisor | 2019–present | Energy policy advisory |
| BCG Center for Energy Impact | Advisory Board member | 2024–present | Decarbonization strategy |
| Land Trust of Virginia | Director | Jan 2025–present | Environmental stewardship governance |
| Mission Possible Partnership | Senior Fellow | 2023–2024 | Climate industry alliance |
| MIT Future of Storage | Chair, External Advisory Committee | 2018–2022 | Key storage technologies for variable renewables |
Board Governance
- Independence: The Board determined all directors other than the CEO (Mr. Pizarro) are independent; monthly monitoring found no disqualifying relationships in 2024 .
- Committees: Chair, Nominating & Governance (6 meetings in 2024); Member, Compensation & Executive Personnel (4 meetings in 2024) .
- Attendance: Board met 7 times; average Board/committee attendance 98% in 2024; each director attended ≥90% of eligible meetings; 100% attendance at 2024 Annual Meeting .
- Independent Board Chair: Peter J. Taylor; duties include leading Board meetings, agenda setting, CEO performance review, and overseeing annual Board evaluations .
- Tenure: Director since 2014 (11 years as of 2025) .
- Executive sessions: Regular independent director executive sessions; six of seven Board meetings held executive sessions in 2024 .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Fees Earned or Paid in Cash (2024) | $147,500 | Comprises Board member quarterly retainer ($31,875 × 4 = $127,500) and Committee Chair retainer ($5,000 × 4 = $20,000) |
| Stock Awards (2024) | $177,540 | 2,496 shares/DSUs granted on Apr 25, 2024 at $71.13 per share; fully vested at grant; no unvested units outstanding as of Dec 31, 2024 |
| All Other Compensation (2024) | $5,000 | Director Matching Gift Program (EIX matches up to $10,000/year) |
| Total (2024) | $330,040 | Board decided not to increase director compensation in 2024; Pay Governance advised |
| Cash Retainer Schedule | n/a | Quarterly: Board Member $31,875; Committee Chair $5,000; Board Chair $23,125; no meeting fees |
| Annual Equity Award Policy | n/a | Standard grant date value $177,500 (prorated for new directors depending on quarter); directors may elect stock or DSUs; DSUs accrue dividend equivalents; plan unfunded; deferrals allowed with Baa utility bond-based interest |
- Mix analysis (derived from disclosed amounts): Equity ~53.8%, Cash ~44.7%, Other ~1.5% (based on $177,540, $147,500, $5,000 totals) .
Performance Compensation
| Item | Disclosure |
|---|---|
| Performance-based director pay | None disclosed; annual equity fully vested at grant; no options granted to directors since 2009; none outstanding as of Dec 31, 2024 |
| Director performance metrics (TSR/ESG) tied to pay | Not applicable for non-employee directors under current program |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None (Other Public Boards: 0 on director slate table) |
| Prior public company boards | Shell plc (2011–2020); Raytheon (2005–2016); Schlumberger (1993–2010); American Electric Power (1993–2004) |
| Compensation Committee interlocks | None; no insider participation in 2024 |
Expertise & Qualifications
- Domain expertise: Utility regulation, environmental law/public policy, ESG, safety; prior service on Safety & Operations Committee (2014–2021) .
- Education: B.A. (Wittenberg University); J.D. (Harvard University) .
- Board value-add: Governance leadership as Nominating & Governance Chair; oversight of independence, related party reviews, and board composition/refreshment .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Deferred Stock Units (settle within 60 days) | 1,614 units | Election-dependent settlement timing per Director Deferred Compensation Plan |
| Common Shares | 9,409 shares | Sole voting/investment power unless noted; aggregates in total |
| Total Beneficially Owned | 11,023 shares/units | Less than 1% of class |
| Additional fully vested DSUs (not settle within 60 days) | 19,232 units | Count toward ownership but excluded from table per SEC rules |
| Ownership guidelines compliance | Compliant; directors must hold 5× annual Board retainer ($127,500) within five years; 100% of directors met requirement by end of 2024 | |
| Hedging/pledging | Insider trading policy governs transactions and windows; no pledging disclosure noted for directors |
Governance Assessment
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Strengths:
- Independent status, long tenure, and chairing Nominating & Governance enhance board effectiveness and refreshment oversight .
- High engagement and attendance (≥90%; board/committee average 98% in 2024) support investor confidence in governance quality .
- Compensation mix leans to equity with no meeting fees or perquisites beyond charitable match; stable year-over-year director pay policy, avoiding pay inflation .
- No related-party transactions requiring disclosure; no compensation committee interlocks or insider participation in 2024 .
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Potential risk indicators:
- Prior board service at major energy companies can raise perceived conflicts, but EIX discloses no related-party transactions and confirms independence under NYSE standards .
- Beneficial ownership is modest (<1%), though directors must meet 5× retainer guidelines and all are in compliance, mitigating alignment concerns .
Overall, Stuntz’s governance leadership, independence, and engagement—combined with transparent director compensation and ownership policies—support board effectiveness with limited conflict risk signals based on current disclosures .