VMware vSphere ESXi
The vmnic BIOS settings of "LLDP nearest bridge" and "LLDP nearest non-TPMR bridge" are the cause of this issue.
Here - NetXtreme-E User Guide for Dell Platforms is the Dell manual for the Broadcom NetXtreme cards where we can find more info about the options "LLDP nearest bridge" and "LLDP nearest non-TPMR bridge".
From the BIOS settings of the Broadcom NetXtreme cards, disable "LLDP nearest bridge" and "LLDP nearest non-TPMR bridge". Below is a sample screenshot from the BIOS page for the card:
For the steps on how to navigate to the above BIOS settings page for the vmnic adapters, please refer to your server hardware manual or, engage your hardware vendor.