The "backing" refers to the physical memory that might or might not be present for every "virtual" piece of memory that your program has allocated.
"Freshly faulted" means that a page of (virtual) memory has just received a "backing" by the process above and is, thus, very fresh in physical memory (even though the virtual memory might have been allocated much earlier)
"~10 instructions later" refers to the assembly- (machine-) code, which, contrary to a high-level language like C, usually has long(ish) sequences of rather simple "instructions". 10 instructions is a rather short interval in assembly code.
As for the "localize", the term used is actually "localizes to" which I read as "turns out to be located in" (probably just a bad English translation by the original author)
While this whole summary reads a bit weird, I don't think it is necessarily the result of an LLM, it's probably just that someone who is rather inexperienced at writing up technical summaries did it.